Industry News
Canadian Apartment Magazine
Chartwell announces plans to sell its U.S. division
Chartwell Retirement Residences (Chartwell), a company specializing in independent living, assisted living and long-term care residences, has announced plans to sell its U.S. business to joint venture partners HCP, Inc. and Brookdale Senior Living Inc. Subject to customary closing conditions, the U.S. division will be sold for $849-million U.S. in the third quarter of 2015.
Canadian Apartment Magazine
Milestone REIT to acquire Atlanta apartment
The Ontario-governed Milestone Apartments Real Estate Investment Trust (Milestone REIT) has agreed to purchase a 236-unit apartment complex in East Atlanta, Georgia. The community, known as the Village at Almand Creek (Almand Creek), will be purchased for $24-million U.S.
REMI Network
Strategic Group to back Alberta accessibility plan
Nabeel Ramji, a portfolio analyst at Strategic Group, will lead an initiative called Accessibility for All Albertans in hopes that new and existing buildings meet
REMI Network
Allied Properties buys downtown T.O. building
Allied Properties has purchased an old paper box manufacturing facility in downtown Toronto for $8.25 million, with plans for redevelopment. The 36,173-square-foot property, with two
Canadian Facility Management & Design
$25.1-mil long-term care facility opens in Kipling
A $25.1-million long-term care facility recently celebrated its official grand opening in Kipling, Sask. The Kipling Integrated Health Centre replaces the aging Willowdale Lodge long-term care facility and the Kipling Memorial Health Centre.
Canadian Facility Management & Design
Manitoba food centre to feed 500 people weekly
The NorWest Co-op Community Food Centre has officially opened in Winnipeg, Man., becoming the first facility of its kind in the city. Operated by the NorWest Co-op Community Health Centre (NorWest) in partnership with Community Food Centres Canada, the centre will help feed approximately 500 Winnipeg residents per week.
REMI Network
Jack Layton Ferry Terminal designs on display
Five design proposals for the Jack Layton Ferry Terminal and Harbour Square Park in Toronto will be on public display at Toronto City Hall from
Canadian Facility Management & Design
Skilled trades training facility opens in B.C.
A new $7.4-million skilled trades and technology centre has officially opened in Kamloops, B.C. The facility, known as the NorKam Trades and Technology Centre, will provide training workshops, lectures, hands-on learning opportunities and access to specialized equipment for secondary school students.
REMI Network
FAM REIT now known as Slate Office REIT
FAM Real Estate Investment Trust is now known as Slate Office REIT, more than five months since assuming new management under Slate Asset Management. Slate
Canadian Apartment Magazine
$2-bil housing investment for Quebec seniors
As part of a $2-billion residential housing investment plan aimed at Quebec seniors, Réseau Sélection has embarked on its flagship project, Rosemont-les-Quartiers, a mixed-use development designed to meet the requirements of the aging baby-boomer population. Under the plan, Réseau Sélection is committed to the development of 30 new seniors-focused residential complexes in Quebec over the next five years.
Canadian Facility Management & Design
$21-million detox centre planned for the Yukon
A new $21-million detox centre is set to enter construction in Whitehorse, Yukon this spring. The facility will replace the existing Sarah Steel Building, built in 1961, to provide services for individuals with alcohol and drug addictions.
REMI Network
P.E.I. to implement oil recycling program
A used oil and glycol recycling program similar to oil product programs in provinces across Canada will soon be implemented in Prince Edward Island (PEI). Janice
CondoBusiness
Home sales, prices increase in February: CREA
The Canadian Real Estate Association (CREA) has released its monthly sales statistics and national home sales increased by one per cent from January to February 2015. Greater Vancouver, the Okanagan region, and Greater Toronto led the nation’s sales while over half of other local markets posted declines.
REMI Network
OAA awards honour best in architectural design
The Ontario Association of Architects (OAA) handed out its 2015 Design Excellence Awards to emerging and established Ontario architects who designed Canadian and international projects.
REMI Network
First purpose-built data centre to rise in Montreal
The first purpose-built, next-generation data centre in Montreal is now under construction, scheduled for occupancy by the end of 2015. The Fonds immobilier de solidarité
CondoBusiness
CREA adjusts national resale housing forecast
As oil prices continue to decline and the Canadian dollar weakens, the Canadian Real Estate Association (CREA) has adjusted its 2015 resale housing forecast and extended it to 2016. The national forecast has been revised to reflect fewer sales. Currently, CREA is forecasting a total of 475,700 unit sales in 2015, an annual decline of 1.1 per cent.
Canadian Facility Management & Design
Bridgepoint is T.O.’s first LEED silver hospital
Bridgepoint Hospital (Bridgepoint) in Toronto, Ont. recently became the first hospital in the city to receive a LEED silver certification from the Canada Green Building Council (CaGBC). Finished in 2013, the purpose-built hospital provides rehabilitative care and health care for individuals living with complex health conditions.





