Canadian Property Management - Industry News
REMI

Industry News

B+H Architects signs lease for new office space

B+H Architects has signed a lease with Menkes Develops and TD Greystone Asset Management for 23,008 square feet of office space at 320 Bay Street.

True North Commercial acquires two office properties

The aggregate purchase price of the two office properties is approximately $190.5 million.

GTA office market reflects summer lull: report

Avison Young GTA Office Market Report (Q3 2019) highlights include an uptick in sublease space, office space at the lower levels of residential developments.

Partners Real Estate Investment Trust to go private

Following the completion of the transaction, the REIT intends to apply to be de-listed from the TSX and to cease to be a reporting issuer in all provinces and territories of Canada.

CBRE office first in Alberta to be WELL certified

CBRE’s new Edmonton office is the first in Alberta to achieve WELL Certification at the Silver level for New and Existing Interiors.

Investors chase down multifamily cap rates

Investment market dynamics stayed on trend in the third quarter of 2019, meaning that multifamily cap rates continued to compress. CBRE pegs the national average for Class A high-rise buildings at 3.82 per cent.

Ontario creates web portal for unsolicited infrastructure bids

The private sector can now share their expertise on public infrastructure needs through unsolicited bids submitted online to the Ontario government.

Marcus & Millichap expand Canadian presence

The leading brokerage firm has acquired a Vancouver-based commercial real estate services firm.

Summit acquires $588M light industrial portfolio

The portfolio comprises 37 properties in Alberta

Purdy’s Wharf upgrades underway

The office complex is one of the most recognizable commercial office buildings in Atlantic Canada.

Montreal’s Biodôme reopening postponed

Montréal Space for Life announces that the reopening of the Biodôme has been postponed to Spring 2020. The organization revealed that the delay is a result

Forest Group headquarters now complete

Award-winning international design firm Ware Malcomb provided architecture, interior design, and civil engineering services for the project.

Safety blitz targets Ontario’s top workplace injury

The blitz will focus on workplaces in the construction, health care, industrial and mining sectors.

Retail vacancy rates reach historical low

The Canadian retail market remains robust according to JLL's Mid-Year Retail Outlook.

Lawrence Square renamed Lawrence Allen Centre

The shopping centre is marking its 3oth anniversary with major renovations.

Edmonton’s Stantec Tower sale makes history

The German investor is the first to make a commercial property acquisition of this scale in the city.

Greater Victoria 2030 Resiliency District launches

The City of Victoria and District of Saanich are partnering with BOMA BC to create the Greater Victoria 2030 Resiliency District.