News | Office

October 1, 2025
Imperial Oil reported to sell Calgary headquarters, lease back portion
Energy giant Imperial Oil plans to offload its Calgary office complex as it looks to cut costs by slashing 20% of its Canadian workforce, eliminating about 900 jobs, mostly in the city.
October 1, 2025
CoStar World News for Oct. 2
October 1, 2025
Canadian banking giant triples footprint in US finance hub
One of the largest financial institutions in North America is lending a hefty boost to Charlotte, North Carolina's office market after committing to a deal that will more than triple its corporate presence in the area.
September 30, 2025
Transit ridership remains below pre-pandemic levels, but could offer clues on return-to-office mandates
Four years after the lifting of social restrictions from the COVID-19 pandemic, Canadians remain hesitant to use public transit.
September 30, 2025
Property executives urge use of more cost-effective parking pricing as workers return to office
Office property owners can generate more revenue and increase tenant satisfaction by reorganizing their parking spaces with innovations such as dynamic pricing and shared parking passes, according to Matthew Lindenberger, chief technology officer at Reimagined Parking company Impark.
September 29, 2025
'Europe is seen as a safe haven in a difficult world,' says Invesco Real Estate executive
When we last spoke to him in July 2024, Mike Bessell was predicting "a pick-up in activity in the 2nd half of 2024" in European real estate markets, and that "more transactions should be signed in the 4th quarter." A little over a year later, speaking to Business Immo TV, the managing director and European and global investment strategist at Invesco Real Estate paints a mixed, but nonetheless optimistic picture.
September 25, 2025
Office component of building once known as largest hotel in British Empire sold to investors
The office component of the historic Cours Mont Royal complex in downtown Montreal has officially changed hands, the latest chapter for part of what was once said to be the largest hotel in the British Empire.
September 25, 2025
Calgary office market gets another strong vote of confidence from G2S2 Capital
Prominent Canadian real estate investor George Armoyan has once again shown faith in a Calgary office market struggling with a high vacancy rate as his G2S2 Capital, through its affiliate Armco Group of Cos., acquired the 28-floor First Tower office complex at 411 1st St. SE.
September 25, 2025
Construction workers union, major investor create $800 million building fund
Skilled construction workers are playing a leading role in a nationwide investment initiative as Fiera Capital Corp. partners with the Canadian District of the United Brotherhood of Carpenters and Joiners of America to launch the Canadian Built Opportunities Platform.
September 24, 2025
Canada developer Geosam expands into US Midwest office market
Canadian real estate developer George Armoyan and his family are expanding their United States investments into the Midwest part of the country through a new partnership with New York City-based Group RMC that plans to revitalize and add new uses to office property.
September 23, 2025
Drugmaker Eli Lilly to invest $6.5 billion to build largest US manufacturing campus of its kind
Global drugmaker Eli Lilly plans to build a $6.5 billion manufacturing facility in the Houston area, the latest part of its U.S. industrial development push after the Trump administration said it would place tariffs on pharmaceuticals and other goods.
September 22, 2025
TMR Capital pushes for breakup of Northwest Healthcare
An investment firm owning shares in Northwest Healthcare Properties REIT is calling for an overhaul of Canada’s largest medical real estate investment trust, arguing that its current structure is too complex and inefficient to deliver adequate returns to investors.
September 18, 2025
Allied Properties refreshes its portfolio through capital-recycling strategy
Allied Properties Real Estate Investment Trust is moving forward with its plan to sell some of its older and smaller buildings in cities across Canada and directing the proceeds into projects in Vancouver, Toronto and Calgary.
September 17, 2025
Artis REIT, RFA Capital agree to merge to create financial services firm
Artis Real Estate Investment Trust is set to disappear from the Toronto Stock Exchange after striking a deal to merge with RFA Capital, creating a publicly traded company called RFA Financial.
September 17, 2025
CoStar World News for Sept. 18
September 17, 2025
Scotiabank extends leasing streak with Manhattan expansion deal
Scotiabank is extending its blockbuster leasing streak on the heels of signing one of the largest office deals in Dallas.
September 16, 2025
Key metric for Toronto’s downtown office buildings signals investment risks are moving higher
Over the past five years, office capitalization rates, a measure of the expected yield on net operating income in the first year of owning an investment property, have expanded across the Greater Toronto Area, but nowhere more dramatically than in downtown Toronto.
September 15, 2025
Sky-high event space opens in Toronto's third-tallest building
Couples will be able to take their wedding vows high in the sky on the top floor of Toronto’s third-tallest building, as KingSett Capital and Oliver & Bonacini have opened a 20,000-square-foot multipurpose event space atop Scotia Plaza.
September 15, 2025
UK office fit-outs: is the market past 'peak amenity'?
There has been an escalating battle when it comes to the level of fit-out and design at high-end offices.
September 12, 2025
Toronto's office market may be healing, but likelihood of a full recovery remains unclear
When evaluating the health of the office market, leasing activity can offer a clear and direct trajectory of market trends. Leasing represents the total volume of new deals and renewals, and while it doesn’t account for vacated space as absorption does, it provides valuable insight into tenant demand and business confidence.

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