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Latest Alberta & Prairies Office Stories
The Moncton, N.B., city council has approved a two-tower riverfront multi-family rental real estate development project, CBC reported. Both towers will stand 17 storeys on land south of Assomption Boulevard along Riverfront Park in Moncton. Council voted 7-3 in favour of the project, according to CBC. Known as Gateway Towers, the $90-million development is slated …
The City of Calgary has completed a utility relocation tied to the in-limbo Green Line rapid-transit project. The two-year effort involved the relocation of underground third-party shallow utilities, including fibre-optic cable, electricity and gas lines, between downtown and Victoria Park. The work was performed by third-party utility companies, including ENMAX, TELUS, Bell, Zayo, Calgary District …
Latest National Office Stories
Morguard has acquired a 20% stake in the trophy-class Telus Garden office tower in downtown Vancouver, the company announced. The vendor and purchase price were not disclosed. But TD Greystone and Forgestone Capital were known co-owners. According to a published report citing a TD Greystone representative, the company has retained its 80% interest in the …
Latest Cross Border News Office Stories
Commercial real estate industry veteran Jonathan Pearce has joined Hines as a senior managing director and will lead the firm’s Canadian leasing efforts and tenant-management strategies. Pearce will also oversee the U.S.-based company’s Americas region customer centricity efforts. (Customer centricity refers to putting the customer at the forefront of all decisions, services and experiences.) “Jonathan …
Latest Maritimes Office Stories
The Moncton, N.B., city council has approved a two-tower riverfront multi-family rental real estate development project, CBC reported. Both towers will stand 17 storeys on land south of Assomption Boulevard along Riverfront Park in Moncton. Council voted 7-3 in favour of the project, according to CBC. Known as Gateway Towers, the $90-million development is slated …
Slate Office REIT has announced plans to manage its assets in-house after its external manager, Slate Management, initiated the termination of its management agreement with the REIT. Along with this transition, trustees Blair Welch and Brady Welch have resigned from the REIT’s board, effective immediately. The Welches are the principals of SAM and Brady Welch …
Latest Ontario Office Stories
The Ontario government will face challenges as it attempts to acquire office buildings in downtown Toronto, says a leading commercial real estate analyst. The Globe and Mail has reported that the province plans to purchase downtown properties for its own future use as part of an effort to get employees back in the office instead …
Slate Office REIT has announced plans to manage its assets in-house after its external manager, Slate Management, initiated the termination of its management agreement with the REIT. Along with this transition, trustees Blair Welch and Brady Welch have resigned from the REIT’s board, effective immediately. The Welches are the principals of SAM and Brady Welch …
Latest Pacific Canada Office Stories
Grosvenor has formed a joint-venture with an unidentified Canadian pension fund and Westerkirk Capital to develop the $1.5-billion first phase of the Brentwood Block in Burnaby, B.C. The JV comes after Grosvenor obtained final approval from the city for the project on a 7.9-acre site near the Amazing Brentwood shopping centre and Brentwood SkyTrain station. …
MST Development Corporation and the Aquilini Group are planning a massive redevelopment on a 10-acre site near the Rupert SkyTrain station in Vancouver. Located near Rupert Street and East Broadway, the property covers 2625 Rupert Street and 3200 East Broadway. The collective address is 3200 East Broadway. The site currently comprises a former B.C. Liquor …
Latest Quebec Office Stories
The City of Montreal will cap property tax increases at 1.8% in 2025. The limit will apply to homeowners and businesses, city officials announced recently. “We want to assure the population because people are stressed,” the head of the city’s executive committee, Luc Rabouin, told reporters during a news conference. “There’s been an increase in the cost of …
National Bank’s proposed $5-billion acquisition of Canadian Western Bank has cleared a major hurdle. The Competition Bureau has approved the planned all-stock transaction, the banks announced Thursday. “We are pleased that the Competition Bureau has concluded its review of this transaction, and to have its approval to bring together these two great banks which have …