REMI Network - Industry News
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Industry News

Canadian Property Management

CDAO elects new chair

The Construction and Design Alliance of Ontario (CDAO) has elected Clive Thurston as chair.
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Canadian Property Management

Doyle new vice-chair of CDAO

The Construction and Design Alliance of Ontario (CDAO) has elected Kristi Doyle as vice-chair.
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Canadian Property Management

Strategic Group hires new VP

Real estate owner, developer, and management company, Strategic Group, has appointed Robert Baldauf to vice-president of corporate development.
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Canadian Property Management

Ivanhoe Cambridge joins partnership

Ivanhoe Cambridge has joined a partnership of the real estate principal investment area of Goldman, Sachs & Co., Greystar Real Estate Partners and other partners in a portfolio of 27 high-quality multi-residential properties ...
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Canadian Property Management

Allied Properties finalizes lease arrangement

Allied Properties REIT has finalized a lease arrangement with Pied Carre for 208,424 square feet of gross leasable area at 5445-5455 de Gaspe, Montreal.
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Canadian Property Management

Oxford Properties cuts energy consumption

Energy consumption across Oxford Properties Group's Toronto office building portfolio has been driven down by a dramatic 11 per cent since 2010, a target reached almost two years ahead of schedule.

Canadian Property Management

RioCan completes acquisition of two GTA malls

RioCan Real Estate Investment Trust (REIT) has completed the purchase of a 50 per cent interest in Burlington Mall in Burlington, Ont., and a 100 per cent interest in Oakville Place in Oakville, Ont., from Primaris Retail REIT.

Canadian Property Management

FAM REIT announces Toronto office acquisition

FAM Real Estate Investment Trust (REIT) has announced an agreement to acquire a 170,000-square-foot urban office building in Toronto.
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Canadian Property Management

New industry standard for HVAC systems

The National Air Duct Cleaners Association (NADCA) has unveiled the international standard of excellence – the 2013 ACR, the NADCA standard for assessment, cleaning and restoration of HVAC systems.

Canadian Property Management

High personal debt levels hurting economy

A sizable majority of executive chartered accountants (CA) surveyed believe the high level of personal debt among Canadians is hurting the economy, according to the latest Canadian Institute of Chartered Accountants (CICA) Business Monitor.

Canadian Property Management

Nova Scotia Power achieves LEED platinum

Nova Scotia Power’s office building, located on the Halifax waterfront, has become the first building in Atlantic Canada to achieve LEED platinum certification.
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Canadian Apartment Magazine

Centurion acquires student residence in Waterloo

Centurion Apartment REIT has acquired a new, purpose-built, 205-unit student residence serving Wilfred Laurier University and the University of Waterloo.
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Canadian Property Management

Hotel investment transactions continue to soar

The market for hotel investment in Canada experienced a stellar year in 2012, and the next 12 months are shaping up to be even busier, according to the 2013 Canadian Hotel Investment Report released this week by Colliers International Hotels.

Canadian Apartment Magazine

New and notable transaction

Flagship Property Ventures Corp. purchases 50 Driftwood Ave. in Toronto, for $11.3 million.
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Canadian Apartment Magazine

Plazacorp gets positive ruling to convert to REIT

Plazacorp Retail Properties Ltd. has received a positive ruling from the Canada Revenue Agency (CRA) in respect of converting from a mutual fund corporation to a real estate investment trust (REIT) structure on a tax-deferred basis.

Canadian Apartment Magazine

Vacancy rates remain low in Edmonton

Avison Young reports that the strong net migration, continued job growth and a declining supply of rental units in Edmonton all contributed to the reduction seen in vacancy rates at the close of 2012.

CondoBusiness

Yonge & Rich offers suites with natural appeal

Great Gulf’s Yonge & Rich is a new 50-storey condo development in downtown Toronto, touting all the luxury of modern living combined with relaxing and peaceful elements of nature. According to developers, the new building will use distinctive style and design elements to connect its suites to outdoor space and light.