Office
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.
$5M Waterfront Penthouse With 360-Degree Sun Room Listed In Victoria
The penthouse sits atop 21 Dallas Road, right next to Fisherman's Wharf in Victoria.
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.
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."
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.
Office
TD Greystone Sells Partial Stake In Vancouver Telus Garden To Morguard
Telus Garden sits at 510 W Georgia Street in Vancouver and was developed by Westbank and Telus, who then sold it to Greystone Managed Investments and Forgestone Capital.
Industry
Slate Ending Management Agreement With Slate Office REIT, Welchs Leave Board
Both Blair and Brady Welch are resigning from Slate Office REIT's Board effective immediately, while the management agreement will end in 180 days.
Commercial
As Vancouver Office Market Dips, Developers Turn Their Attention To Hotels
There continues to be uncertainty around the office market, while the region pushes for more hotel development ahead of FIFA 2026.
Office
Amid Demand For Premium Workspaces, These 3 Toronto Offices Have Upped Their Game
Gone are the days of office buildings merely offering four walls and a labyrinth of cubicles. Nowadays, building owners are upping their game in response to a growing demand for premium workspaces.
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