Canadian Property Management - Industry News
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Industry News

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Commercial real estate leaders still pessimistic

Pessimism among Canada’s commercial real estate leaders continues amidst concerns about the future of the country's economy.

LaSalle building achieves coveted LEED rating

The Lasalle Investment Management building located at 70 University Ave. in downtown Toronto has received a Leadership in Energy and Environmental Design gold rating for Existing Buildings: Operations and Maintenance (LEED EB:O&M).

Manulife to develop office tower in Calgary

Manulife Real Estate has announced it plans to build a 27-storey office tower in downtown Calgary.

Calloway REIT acquires four shopping centres

Calloway REIT has acquired four Walmart-anchored shopping centres in Ontario for $231.5 million.

New record for GTA commercial real estate sales

Commercial real estate investments in the Greater Toronto Area (GTA) hit a record high in the second quarter of 2013.

Canadian hotel transactions up in Q2

Canadian hotel transactions were up 22 per cent in the first half of 2013, in comparison to the same period last year.
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Summit Industrial buys Montreal-area properties

Summit Industrial Income REIT has acquired three light industrial properties and one office building in the Montreal area for $15.3 million.

TD Bank Tower achieves LEED gold

Cadillac Fairview’s Toronto-Dominion Bank Tower has achieved LEED gold under the CaGBC's Existing Buildings: Operations and Maintenance program.

Brookfield announces new office development

Brookfield Office Properties Inc. has announced it will commence construction of a 2.4-million-square-foot office development project in downtown Calgary to be named Brookfield Place Calgary.

Non-residential building construction down

Investment in non-residential building construction in British Columbia declined by 2.2 per cent to $1.46 billion in 2013's second quarter compared with the previous quarter, according to Statistics Canada.
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Beedie Industrial appoints new president

Todd Yuen has been appointed president of Beedie Industrial.
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B.C.’s largest landlord associations merge

The Rental Owners and Managers Society of B.C. (ROMS BC), the B.C. Apartment Owners and Managers Association (BCAOMA) and the Rental Housing Council have merged to become one provincial industry association serving the residential rental industry in British Columbia.

Calgary flood damage estimated at $260 million

Calgary city officials have released a preliminary estimate of just how much it will cost to fix flood-damaged infrastructure, pegging it to be at least $260 million.

World Trade Center property manager named

Cushman & Wakefield has been selected to become the property manager for the World Trade Center site.

Phipps McKinnon building certified LEED silver

Edmonton’s Phipps McKinnon building recently received the city’s first Leadership in Energy and Environmental Design certificate for Existing Buildings: Operations and Maintenance (LEED EB:O&M), with a silver ranking.
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Allied Properties buys historic Calgary building

Allied Properties REIT has acquired a historic building nearby Calgary’s Inglewood neighbourhood.

Landmark Cinemas acquires 20 movie theatres

Landmark Cinemas of Canada has acquired 20 theatres from Empire Theatres Ltd. The purchase price for the transaction is approximately $55 million.