Industry News
Blackstone eyes Bentall Centre for the long term
Vancouver's iconic Bentall Centre is set to have prominent new ownership.
CBRE announces sale of the Toronto Plaza Hotel
The hotel had not operated as a traditional hotel since February 2016 with the City of Toronto leasing the rooms to help shelter the homeless.
Fiera Capital acquires Integrated Asset Management for $74M
Fiera Capital Corporation has announced its acquisition of Integrated Asset Management for $74 million.
Jobs foreseen from energy efficiency spending
The 2019 federal budget allocates $950 million to underwrite retrofits and energy-efficient new development in the municipal, not-for-profit, private homeownership and affordable housing sectors.
3XN unveils plans for Bayside Toronto office tower
HRH Crown Prince of Denmark was in Toronto earlier this month to announce plans for a 10-storey timber-constructed office tower set for Bayside Toronto.
Webinar aims to train FMs on active shooter events
The Institute of Real Estate Management is holding a two-hour webinar event on April 17 to help prepare real estate managers for active shooter events.
CCMP to acquire facilities management company for $1B
BGIS CEO, Gordon Hicks, and the management team will remain in place and work with CCMP to support the company’s next phase of growth.
Holloway announces sale of hotels in Moncton
Holloway Lodging Corporation (Holloway) has sold the Days Inn and Travelodge hotels located in Moncton, N.B.
Ontario top province for hotel investment: report
The Canadian Hotel Investor Sentiment Survey is an annual survey that aims to address the most relevant questions impacting lodging investment decisions.
Pension funds trade trio of Toronto buildings
OPTrust now has an ownership stake in the office tower that houses its own corporate headquarters.
Energy Efficiency Alberta receives federal funding
The Canadian government has announced a $1.8 million investment in Energy Efficiency Alberta to support energy management.
Tim Hortons opens first location in China
Tim Hortons opened its first restaurant in Shangai, China today.
Energy efficient elevators for 400 West Georgia
KONE Corporation has won an order to provide energy-efficient elevators for a new office tower at 400 West Georgia in downtown Vancouver, B.C.
Cadillac Fairview invests in Kitchener-Waterloo region
Led by Cadillac Fairview, the redevelopment team includes Colliers International, architect Petroff Partnership Architects and designer Roy Higgs International.
Historic climate action spending appears modest
The promised $679 million amounts to $189 million of actual spending in 2019-20 since most of the investment is to be rolled out over a three-year period.
Design revealed for U of T’s new building
Designed by New York-based architects Diller Scofidio + Renfro, the new University of Toronto building is a nine-storey development located at 90 Queen’s Park Crescent.
Elad Canada takes over Agellan Commercial REIT
Before the acquisition, Elad Canada was the largest unitholder of the Agellan Commercial Real Estate Investment Trust (REIT) holding approximately 19 per cent of the units.



