Industry News
PROREIT completes $65.6-mill acquisition
Pro Real Estate Investment Trust (PROREIT) finalized the purchase of 14 commercial properties located in prime spots across Canada, diversifying the company’s portfolio and better
Utility deregulation no culprit in Alberta rates
Recent findings from an industry analyst report argues the case that utility deregulation has had little negative effect on Alberta’s commercial and residential consumers. On
Choice Properties closes major Loblaw purchase
Choice Properties Real Estate Investment Trust recently finalized a portfolio acquisition of 16 properties from subsidiaries of Loblaw Companies Limited for $211.9 million. The portfolio
Legionellosis standard open for fourth review
ASHRAE has released a fourth version of what will be the standardized requirements specific to the building industry for management of the risks associated with
Manulife & Ivanhoe to develop landmark tower
Manulife and Ivanhoe Cambridge recently signed an agreement to develop, own and operate a 27-storey skyscraper in downtown Montreal to be named Maison Manuvie. Construction
Edmonton mall announces massive revamp
Londonderry Mall in northeast Edmonton has embarked on a $130-million renovation and remerchandising project to enhance the shopping experience for existing clientele and new markets.
Ground breaks on kid’s hospital in Saskatchewan
With toy shovels in hand, members of the Government of Saskatchewan, along with families and small children, recently celebrated the future Children’s Hospital of Saskatchewan,
CT REIT acquires three Ontario properties
Partners Real Estate Investment Trust (Partners) has sold three properties in Ontario to CT Real Estate Investment (CT REIT) for $34.9 million minus transaction costs.
Oxford’s week of monumental acquisitions
With Oxford Properties Group announcing its first Parisian acquisition on September 22, the real estate investment giant ends its monumental week by announcing the completion
High Peak and NewWest merge to form McCOR
High Peak Group of Companies, based in Eastern Canada, and NewWest Enterprise Property Group, headquartered in Winnipeg, are joining forces to form McCOR Management. The
Redevelopment renews downtown Saskatoon
Saskatoon merchants foresee something of a return to the past in a $40-million multi-use urban renewal project called The Banks, now underway in the city’s
Nordstrom Canada officially opens for business
Canada’s first Nordstrom store officially opened its doors today in Calgary’s Chinook Centre following months of anticipation. More than 1,000 people showed up at 9:30
REMI nominated for online publishing award
The REMI Network is pleased to announce its nomination for a 2014 Canadian Online Publishing Award (COPA) for Best Media Website in the business-to-business category.
Waterloo welcomes first four-star upscale hotel
Delta Hotels and Resorts recently announced the official opening of the Delta Waterloo, the first four-star upscale hotel in Waterloo, Ont. After a $36-million investment,
Broccolini and Magil close on former Merck site
The former Merck Canada complex, located along the TransCanada Highway in Kirkland, Quebec, will soon be developed into a world-class, 50-acre business and mixed-use campus
Ottawa selects developers for new Arts Court
The City of Ottawa’s finance committee has selected a group of Quebec-based developers to complete the $100-million dollar Arts Court redevelopment and Ottawa Art Gallery
Allied Properties closes acquisitions in Toronto
Allied Properties REIT has closed acquisitions of 555 Richmond Street West and 460 King Street West located on the west side of downtown Toronto. Now



