Canadian Property Management - Industry News
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Industry News

Vancouver approves Oakridge Centre project

Ivanhoe Cambridge’s massive $1.5-billion redevelopment plan for Vancouver’s Oakridge Centre has been approved by city council.

Gastown to get first office building in decades

Ormidale Block at 151 West Hastings St. will be first new office building in Vancouver's Gastown in decades.
REMI

REBGV announces new president

Ray Harris is the new president of the Real State board of Greater Vancouver (REBGV).

Cadillac Fairview planning new Montreal district

Cadillac Fairview has announced plans to develop Quad Windsor, a new Montreal district that includes the restoration of the heritage Windsor Station.

Higher office vacancy rates here to stay: Report

A new report from CBRE Limited says that higher office vacancy rates in the Canadian market are likely to continue.

Ivanhoe Cambridge invests in U.K. market

Ivanhoe Cambridge is partnering with affiliates of Apollo Global Management and Residential Land to acquire interests in two properties in London, U.K.

RioCan acquires partner’s shares in four projects

RioCan REIT has acquired Trinity Developments Limited's interests in four of the companies’ shared properties in Toronto and Calgary.

New Ottawa LRT may boost real estate markets

A new report suggests that the completion of the new Ottawa LRT line will have a positive effect on nearby office, residential and retail properties.

Expanded Quebec City Convention Centre opens

The Quebec City Convention Centre has opened its new meeting and conference expansion following two years of work.

Ivanhoe Cambridge sells stake in Citigroup HQ

Ivanhoe Cambridge has sold its stake in Citigroup Inc.’s New York City headquarters to SL Green Realty Corp.

New Westminster sells Merchant Square tower

The City of New Westminster recently announced the sale of the Merchant Square office tower shell in the downtown district to 777 Columbia for $36.5 million.

B.C. company starts parking acquisition fund

Vancouver-based Parkit Enterprise Inc. has announced that it has entered into a partnership with Propark America to create a parking acquisition fund.

The west will outperform rest of Canada: Report

Western Canada's commercial property market is poised to outperform the rest of the country after a strong 2013, according to Morguard.

Anthem Properties buys United Communities

Anthem Properties Group has acquired Calgary-based United Communities for $200 million.

PIRET acquires properties in Calgary and Ontario

Pure Industrial Real Estate Trust (PIRET) has announced closing one industrial property in Calgary for $12.1 million, and five in Ontario for $93 million.

David Thistle joins NKFD’s Vancouver office

David Thistle has joined Newmark Knight Frank Devencore as senior vice-president in the Vancouver office.

Sun Life leaving Bay St. for Toronto’s South Core

Sun Life Financial is moving away from Toronto’s Financial District on Bay Street, and into its new headquarters at One York Street in the South Core.