Canadian Property Management - Industry News
REMI

Industry News

Allied acquires space at 560 King Street West

Allied Properties is set to acquire the retail and office component of 560 King Street West in Toronto for $28 million.

Supermarkets offered new tool to manage energy

Supermarkets and food stores across Canada can now utilize the ENERGY STAR Portfolio Manager more effectively for reduced energy consumption.

Atlantic focused REITs propose friendly deal

PRO Real Estate Investment Trust (PROREIT) will acquire Boulevard Industrial REIT in a friendly transaction, pending approval of the majority of Boulevard unit-holders.

Downtown Toronto to add rental apartment units

A three-tower, 506-unit rental apartment complex along with 160,000 square feet of commercial retail space is in the works for Toronto's King West neighbourhood.

Calgary office market to see slow recovery

The vacancy in Calgary’s office market has risen more than two per cent from Q1 2015, moving from 10.67 to 12.75 per cent in the Q2.

Celestica to sell Toronto property to developers

Celestica has entered into a $137-million agreement to sell the property where its Toronto corporate headquarters and manufacturing operations are located.

Suburbs top performer in Q2 GTA office market

The suburban office market outperformed the downtown and midtown markets in the Greater Toronto Area (GTA) in the last quarter.

Systemic energy performance labels in progress

Building owners and operators are asked to submit data to help evaluate in-progress development of energy performance labels for pumps, fans and compressors, their motors and associated controls.

Historic Old Mill Toronto complex changes hands

Lark Hospitality has sold Old Mill Toronto to an asset and property management group directed by Etobicoke resident Frank De Luca.

Vacancy rates rise in Ottawa office market

Vacancy rates among Class A and B office buildings in Ottawa have continued to increase over the past six months to almost 6.5 per cent.

Fortress acquires Collier Centre project in Barrie

Fortress Real Developments has arranged to acquire the Collier Centre in Barrie, Ontario, a mixed-use building that began construction in 2012.

Stalled economic growth worries central bankers

Bank of Canada Governor Stephen Poloz suggests the economy is now on two distinct growth tracks, but acknowledges that hits in the resource sector ripple out to other industries.

Mixed-used landmark in Ottawa sells for $22-mil

Mercury Court, a three-storey office building with ground floor retail in the trendy ByWard Market of Ottawa, has been sold for $22 million.

IKEA Canada to install EV stations nationwide

IKEA Canada will become the first retailer in Canada to install electric vehicle (EV) charging stations at each of its across the country.

Canadian buildings stand out in competition

Four teams of owners/managers from Ottawa, Calgary and the Greater Toronto Area accepted honours at the highest attainable TOBY level after receiving 2014 BOMA Canada national awards last September.

Ivanhoé Cambridge to buy four U.S. office assets

Ivanhoé Cambridge and Callahan Capital Properties are set to buy four high-grade office buildings situated across the United States.

New scholarship rewards theoretical investment

A newly launched investment equivalent to moot court challenges competing student teams to manage a theoretical $1-billion real estate portfolio.