Investment
CondoBusiness
Quebec home inspectors get standardized rules
Quebec is introducing standardized certification and skills upgrading requirements for home inspectors who conduct assessments related to sales transactions.
CondoBusiness
Brokerage to end dual listing on TSX and NASDAQ
The Real Brokerage Inc. cites “minimal trading volume” in return for duplicate administrative expenses in the decision to voluntarily delist from the TSX.
Canadian Facility Management & Design
InnVest Hotels executes two summertime deals
The sale of the Ottawa Marriott Hotel follows InnVest's recent acquisition of the historic St. Andrews-by-the-Sea resort in New Brunswick.
Canadian Property Management
Oxford expands C-Suite and executive committee
Oxford Properties has named two new C-suite appointees, including its first-ever Chief Investment Officer, and five new executive committee members.
Canadian Property Management
NYX Capital sells self-storage portfolio
The vendor garners $310 million through the sell-off of 7,500 existing rentable storage units and properties where a further 3,000 units are set for development.
Canadian Property Management
Conestoga Mall to pad Primaris REIT portfolio
Primaris Real Estate Investment Trust has inked a $270-million deal for Conestoga Mall, a 585,000-square-foot enclosed shopping centre in Waterloo, Ontario.
Canadian Property Management
Ontario Teachers to realign real estate oversight
The Ontario Teachers’ Pension Plan will bring its global real estate investment team in-house, while Cadillac Fairview Corporation manages its Canadian portfolio with a new president and CEO at the helm.
REMI Network
USGBC bell-ringers signal green capital momentum
The New York Stock Exchange recognized three decades of green building momentum across the United States and its capital markets as the U.S. Green Building Council opened the day’s trading on June 8.
Canadian Property Management
Trophy office towers widening gap from the pack
Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Canadian Property Management
U.S. REIT adds to Alberta casino holdings
U.S.-based VICI Properties will acquire four facilities in Edmonton and Calgary through a sale-leaseback transaction, following a similar deal earlier this year for casinos in Edmonton, Calgary and Lethbridge.
Canadian Property Management
Newmark appoints first Canadian president
Norm Taylor has joined Newmark Group to lead the real estate advisory firm’s operations in Canada.
Canadian Property Management
Office building values still trending downward
Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
Canadian Apartment Magazine
Multifamily asset values hold steady
Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
REMI Network
French tax administrator collects property info
Residential property owners in France have until June 30 to register with the national tax administrator, after which they’ll be a liable for a fine of €150 (CAD $220.50) per unreported dwelling unit.
REMI Network
Data centre hubs grow in scale and number
More than half of hyperscale sites worldwide are located in the United States, but Canada is among nine other countries where JLL analysts identify a development surge underway.
Canadian Property Management
Christine Bergeron to lead Concert Properties
Christine Bergeron, current president and chief executive officer of Vancity Group, will step into those roles with Concert Properties beginning in September.
Canadian Property Management
Andrew Blair joins Colonnade BridgePort
Andrew Blair has joined Ottawa-based ColonnadeBridgePort as managing partner of its investment fund and management business.
