Industry News
Avison Young acquires U.K.’s North Rae Sanders
Avison Young has acquired North-Rae Sanders, a U.K.-based commercial property provider.
Canderel & Fiera acquire Markham office asset
Canderel and Fiera Properties have acquired a 550,000 square-foot office building in Markham, located on a 40-acre site at 3500 Steeles Avenue East.
Avison Young acquires Metrix Realty Group
Avison Young has acquired Metrix Realty Group (Ontario) Inc., a Toronto-based property appraisal company, adding 18 employees to its operations team.
Brookfield buys iconic mixed-use estate in Berlin
Brookfield Property Partners has finalized the purchase of Potsdamer Platz, an iconic mixed-use estate in a prime historic, creative area of Berlin.
AHIP acquires rail crew hotel in Nebraska
AHIP has purchased a hotel in Lincoln, Nebraska that has a rail crew lodging contract with one of the largest U.S. railway companies.
Toronto’s Bay Street is most expensive in Canada
For the fifth consecutive year, Toronto’s Bay Street has topped the list of most expensive streets for office space in Canada.
Metro Vancouver moves to new Burnaby tower
Metro Vancouver has acquired the Metrotower III, located in Burnaby’s Metrotown Centre from Ivanhoé Cambridge for $205 million.
Manulife shares 2016 global investment insight
A low growth, low rate, low inflation is expected over the next five years, according to a global investment report released by Manulife Asset Management.
JLL to acquire the Strategic Advisory Group
Jones Lang LaSalle (JLL) announced it will acquire the Strategic Advisory Group (SAG) with the goal to be ‘a leading advisor’ to the hospitality industry.
InnVest to purchase Ottawa Marriot Hotel
InnVest Real Estate Investment Trust will purchase the Ottawa Marriot Hotel in downtown Ottawa for $115 million.
$1-bil transit-oriented project slated for Brossard
The City of Brossard and Devimco Immobilier have signed an agreement to develop a billion-dollar mixed-use transit-oriented development (TOD) that includes a tramway station in Sector
AccorHotels to acquire FRHI brands
AccorHotels is set to acquire FRHI Holding Ltd, parent of the Fairmont, Raffles and Swissôtel brands, for about $3 billion.
Retail is strongest asset class in Saskatoon: report
Retail has remained the strongest asset class in Saskatoon’s commercial real estate market in 2015, according to a recent Colliers International report.
Plaza REIT closes on Newfoundland retail centre
Plaza Retail REIT has closed on approximately 100 acres of land in St. John’s, Newfoundland that will be developed into “The Shoppes at Galway."
InnVest sells Delta Trois-Rivières Hotel
InnVest Real Estate Investment Trust (InnVest) has sold the 159-room Delta Trois-Rivières Hotel & Conference Centre to a private investor.
ReDev Properties sells Belmont Town Centre
ReDev Properties has sold the Belmont Town Centre in Edmonton, Alberta, to an institutional purchaser from Western Canada.
Available space rises in Montreal office market
Vacancy rates in downtown Montreal's Class A and B office buildings has risen to 9.0 per cent over the first half of 2015.



