Ivanhoé Cambridge buys U.S. firm Callahan Capital Properties

Ivanhoé Cambridge buys U.S. firm Callahan Capital Properties

Ivanhoé Cambridge has acquired U.S.-based Callahan Capital Properties (CCP). Although financial details have not been disclosed, Callahan’s assets under management in the U.S. are in excess of $10 billion. The takeover comes after a six-year collaboration between Ivanhoé Cambridge and Callahan.

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Microsoft Research Montreal moving to Mile-Ex development

Microsoft Research Montreal will relocate its state-of-the-art lab and office to a new facility being developed by Canderel and Claridge at Mile-Ex, the city’s new artificial intelligence hub. The facility, at 6795 Marconi, is expected to open in the fall of 2019.

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Marcus & Millichap buys Montreal’s McGill Commercial

Marcus & Millichap hopes to have at least 20 agents in its new Montreal office by the end of next year after its recent acquisition of brokerage McGill Commercial. “We think we’re going to be able to attract a lot of talent based on the difference in our platform against other platforms in Montreal,” says J.D. Parker of Marcus & Millichap.

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DesignHive boosts Brookfield’s Calgary office properties

Brookfield Properties has launched an innovative office design project in downtown Calgary to make space more appealing to prospective tenants. Ian Parker, Brookfield’s chief operating officer for Canada and the Western U.S., told RENX the DesignHive concept is a spec suite design product created to meet the changing needs of modern space users.

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Development potential key to Partners’ Quebec asset sale: CEO

UPDATED WITH CEO INTERVIEW: Partners REIT CEO Jane Domenico says a piece of knowledge driven home while selling the trust’s western Canadian assets led to a decision to also put the “For Sale” sign on its 11 retail properties in Quebec.

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Empire marks 25th year with Toronto Eau Du Soleil condos

As Empire Communities marks its 25th anniversary, its most ambitious high-rise condominium development, Toronto’s Eau Du Soleil, is nearing completion. The project sits on a three-acre site at Humber Bay. Eau Du Soleil was designed by Richmond Architects Ltd. and Zeidler Partnership Architects.

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What’s an ideal amount to invest in commercial real estate?

For the purpose of this conversation, let’s assume you are sitting on cash or liquid asset(s) and have decided to invest a portion of your available capital into commercial real estate. What factors need to be considered to make a prudent investment decision?

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Six months ago: Bentall Kennedy, Sun Life buy Montreal offices

Bentall Kennedy has acquired two “best-in-class” office buildings from Mile-End Investments Inc., 7250 and 7450 rue du Mile End, in Montreal’s dynamic Mile End District. The acquisitions, on behalf of Sun Life Financial will serve a growing technology and innovation sector in the city, Bentall Kennedy said in a media release.

Property Biz Canada

One year ago: Skyline Apartment REIT exits Hamilton

Skyline Apartment REIT’s $173-million sale of 11 Hamilton apartment buildings to Q Management LP earlier this month fits the company’s historical strategy and will fill its coffers for new investments. “The bulk of our assets exist in secondary and tertiary markets,” said Skyline president Matthew Organ, adding that Hamilton has evolved into more of a primary market.

Property Biz Canada

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