Commercial
Policy
Regulatory Change That Could Speed Up Office Conversions Proposed After Ford Government Voted Bill Down
Bill 102, The Commercial to Residential Conversion Act, 2024, was tabled by Liberal MPP Karen McCrimmon in May in response to high office building vacancies in Ontario.
Nov 25, 2024
Office
City Of Burnaby Pays $65M For Metrotown Place Office Towers Under Receivership
The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.
Office
Slate Office REIT Sells Stake In Woodbine & Steeles Corporate Centre For $39M
The Woodbine & Steeles Corporate Centre sits at 7030-7100 Woodbine Avenue and 55, 85 Idema Road in Markham, Ontario.
Office
Oxford Properties & AIMCo Sell 4-Tower Bow Valley Square In Calgary For $140M
The Bow Valley Square office complex was acquired by Armco Alberta, subsidiary of George Armoyan's G2S2 Capital Inc.
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Multifamily
First Capital REIT Sells 50% Stake In North Vancouver Project For $29M
Victor, located at 65 Chesterfield Avenue in North Vancouver, was developed by Cressey Development and First Capital REIT.
Office
Cadillac Fairview Sells 26-Storey Calgary Office For $16.9M To Enright Capital
The office building sits at 635 8th Avenue SW in Calgary and was acquired by Calgary-based Enright Capital.
Retail
Vandyk-Owned Van Mills Retail Centre In Mississauga Sold Via Receivership
The Van Mills Centre retail plaza was owned by Vandyk Properties and was placed under receivership in February 2024.
Industrial
TransLink Pays $85.6M For Two Industrial Properties In Surrey
TransLink has acquired 13221 76th Avenue and 7678 132nd Street, two properties adjacent to the Surrey Transit Centre.
Sold
Scarborough Office Building Sold A Year After Receivership
The building was subject to receivership proceedings after The Bank of Nova Scotia went to the Ontario courts over an alleged default of $26.6M.
Office
JLL Calls For 'Full Repeal' Of Office Replacement Bylaw Ahead Of City Deliberations
Ahead of final policy recommendations regarding the Office Replacement Bylaw to be considered by Planning and Housing in Q4, JLL has released a study calling for a "full and unconditional repeal of the Office Replacement Bylaw to unleash supply."
Industrial
City Of Richmond Pays $68M For Industrial Property Valued At $32M
The property sits at 7280 River Road, one block away from No. 3 Road and Alderbridge Way in Richmond.
Office
Slate Asset Management Announces "Strategic Reduction" In Office Portfolio
The announcement came just a week after Slate Asset Management said it was terminating its management agreement with Slate Office REIT.
Office
Westbank Sells M2 Office Building In Vancouver For $115M To Spear Street Capital
The M2 office building sits at 114 E 4th Avenue in Vancouver and is part of the ongoing Main Alley development by Westbank.
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