Is Canadian architecture mediocre?

When the United Nations' Human Development Index pronounced Canada the world's best place to live, Canadians, goes the joke, demanded a recount. Two recent publications continue this domestic propensity to prove the Great White North is not…

Federal government unloads nine buildings

OTTAWA - Nine federal buildings have been sold to Vancouver-based Larco Investments for $1.64 billion and will be leased back for 25 years. The deal is part of a broader plan by the federal government to sell more than three dozen office…

CPP acquires UK shopping mall

TORONTO - Henderson Global Investors (HGI), based in London, England and the Canada Pension Plan Investment Board, announced a joint agreement to acquire the Whitefriars Quarter shopping centre in Canterbury, Kent, England for $253 million.…

CHIP REIT acquired for $1.2 billion

VANCOUVER - British Columbia Investment Management Corporation (bcIMC) from Victoria, B.C., has acquired Vancouver-based Canadian Hotel Income Properties REIT (CHIP REIT) for $1.2 billion, paying $19.10 per unit. The purchase represents a…

Surrey Central City sold for $245 million

SURREY, British Columbia - Blackwood Partners of Toronto has acquired the Central City development in Surrey, BC, from the Insurance Corporation of BC (ICBC) on behalf of a consortium of Canadian pension funds for $245.75 million.Designed…

IPC REIT finds a buyer

TORONTO - Behringer Harvard REIT of Dallas, Texas, is proposing to buy Toronto-based IPC US REIT (IPC) for US$1.4-billion or US$9.75 per unit. IPC, who have been looking for a buyer since January, is the only Canadian REIT investing…

Ontario to clean-up contaminated harbour

HAMILTON - The Ontario government has committed $30 million to clean up the highly contaminated Randle Reef in Hamilton Harbour. The reef is an ongoing source of contamination to the entire harbour as a result of high concentrations of coal…

No longer the tallest

TORONTO -- According to its developers, Dubai-based Emaar Properties, the Burj Dubai, currently under constructed in Dubai, is now officially the world's tallest building, surpassing the height of the CN Tower in Toronto, which for 31 years…

Vancouver real estate globally overpriced

VANCOUVER - According to Forbes magazine, real estate in the Greater Vancouver Area is the sixth most overpriced real estate market in the world.Using information gathered by GlobalPropertyGuide.com, an international real estate research…

LEED comes to Quebec City

QUEBEC CITY - A subsidiary of La Capitale Financial Group of Quebec has begun construction of Quebec City's first LEED-certified office building. The $41-million building, named the Delta 3, will have 170,000 square feet of leasable space…
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