Industry News
Simons to open Ont. flagship store at Square One
Quebec fashion retailer La Maison Simons is expanding into Ontario with the opening of a flagship store at the Square One Shopping Centre in Mississauga.
Dundee acquires office property in Düsseldorf
Dundee International REIT has acquired an office property in Düsseldorf, Germany for $107.7 million.
Transaction value grows in B.C. Lower Mainland
There was an increase in the dollar value of properties sold in B.C.'s Lower Mainland in the third quarter of 2013, according to data from Commercial Edge.
Canadian real estate investors looking abroad
A new report from Colliers International says that Canadian real estate investors are increasingly looking abroad.
Canadian High Commission sells U.K. property
The Government of Canada has sold the Canadian High Commission at One Grosvenor Square in London for $530 million.
Brookfield acquires Manhattan office building
Brookfield Office Properties Inc. has acquired a Lower Manhattan office building for $200 million.
HOOPP and Morguard acquire three malls
The Healthcare of Ontario Pension Plan (HOOPP) and Morguard Real Estate Investment Trust have acquired three Canadian malls for more than $500 million.
Fronsac REIT buys interest in Quebec project
Fronsac REIT has acquired 50 per cent interest in a Louisville, Que. real estate project.
Richmond home to B.C.’s biggest industrial deals
According to Avison Young’s Mid-Year 2013 report, three of British Columbia's five largest industrial deals were located in Richmond.
New Surrey city hall set to open
Surrey's new city hall is set to open on Feb. 17, 2014. The landmark 180,000-square foot building will be located in the city's core.
Royal LePage buys B.C. franchised brokerages
Royal LePage has bought three of its franchised brokerages in Coquitlam, Port Coquitlam and Surrey, British Columbia.
Melcor REIT acquires mall in Red Deer
Melcor REIT has acquired Liberty Crossing, a retail centre off of Highway 2 in Red Deer, Alta.
Downtown office markets brace for rising vacancy
Cushman & Wakefield predicts that 2014 will be challenging for some landlords as vacancy rates in Canada’s downtown office markets are set to rise.
Plans for Calgary market redevelopment released
Harvard Developments Inc.'s plans for the redevelopment of Calgary’s Eau Claire Market features residences, retail and office space across five towers.
Confidence in commercial market dips: report
A report from REALpac and the FPL Advisory Group says that confidence among commercial real estate leaders has reached its lowest level since 2009.
Vancouver’s industrial market provides optimism
According to Avison Young, investor confidence in Vancouver’s industrial market is up in the third quarter.
Construction industry forecast downgraded
Business Monitor has downgraded its 2013 outlook for the construction industry, despite its stable performance.
