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Brookfield Sells 50% Stake in Bay Adelaide
A buyer from the United Kingdom has paid $850 million to acquire a 50 percent stake in the Bay Adelaide Centre in what is the largest commercial real estate deal year to date in 2018, CoStar News can confirm. Property transfer documents indicate VPMA...

No Traffic Jams for This Liberty Village Developer
The notorious traffic from Toronto's Liberty Village into the downtown core was the last thing on developer Richard Hylands' mind when he launched his latest project in the popular neighbourhood. As he broke ground last month on the 145,000-square...

Office Workers Facing Shrinkage
Pictured: Bloor Islington Place in Toronto.If it appears there is less elbow room in the average office, it's not your imagination, according to a new report from Starlight Investments, whose senior management says how small your space will become is...

Lowe's Leases 219,320 SF of Distribution Space in Milton
Lowe's (NYSE: LOW) has signed a three-year lease for 219,320 square feet of industrial space at 8500 Mt. Pleasant Way in Milton, ON. Emery Investments completed construction in 2016 on the 410,000-square-foot distribution center, developing the complex...

Canadian REIT Completes Ownership Stake in Denver Office Properties for $70 Million
Pictured: 1700 Broadway in Denver.Canadian real estate company Artis Real Estate Investment Trust has purchased the remaining interest in two Denver properties, making it the sole owner of both. Artis (TSX: AX.UN) purchased the remaining 50 percent...

Cinespace Inks Deal to Convert Portion of PortsToronto Into Movie Studio
Cinespace Film Studios has signed a multi-year lease to convert a portion of the PortsToronto marine terminal into Port Lands studio space. The Marine 51 Terminal and Cruise Ship Terminal are going to be redesigned and offer 165,000 square feet of...

Ivanhoé Cambridge Appoints 25-Year Veteran Palladitcheff as President
Pictured: Nathalie Palladitcheff, the new president of Ivanhoé Cambridge.Ivanhoé Cambridge has a new president, appointing 25-year finance and real estate industry veteran Nathalie Palladitcheff to the position that makes her one of the highest-ranking...

Dundas-Edward Centre Swapped for $167 Million
Billed as a one million-square-foot development opportunity, the new owners of the Dundas-Edward Centre say they are looking for enhanced income from the 416,603 square feet of office space at the site. Crown Realty Partners and Crestpoint say they...

Oxford Ready to Build On Spec
Pictured: Blake Hutcheson, president and CEO of Oxford Properties Group.His company has 1.4 million square feet of office space to fill, but the chief executive of Oxford Properties, which just announced plans to proceed with a 60-storey tower in downtown...

Invesque to Pay US$142 Million for Mohawk
TSX-listed Invesque Inc. is paying US$142 million for 545,000 square feet of medical office buildings located in seven markets throughout Canada and the United States. The Carmel, IN-based company said it had agreed with Mohawk Medical Properties Real...

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