First Capital REIT (FCR-UN-T) plans to reorganize its corporate structure by eliminating its real property subsidiary First Capital Realty and moving all of its assets into subsidiary partnerships and trusts, the REIT has announced.
Toronto’s downtown office market recorded one of its best quarters in years during Q3, with the vacancy rate dropping 150 BPS to 17 per cent thanks to 1.5 million square feet of positive net absorption, according to CBRE’s Canada Office Figures Q3 2025 report.
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