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Category: Commercial

Hines, Oaktree acquire Calgary’s First Tower

Don Wilcox Commercial Transactions Calgary Apr. 12 2018

Hines and Oaktree Capital Management have closed the purchase of Calgary’s First Tower office building, and plan a “significant capital upgrade program” to reposition the half-vacant class-B property. The two U.S.-based firms announced the acquisition Wednesday — Oaktree on behalf of

Brivia Group buys downtown Montreal development site

RENX Staff Commercial Development Greater Montreal Apr. 12 2018

Brivia Group Inc. has purchased a prime downtown Montreal development site which could offer nearly a million square feet of buildable area. Brivia paid $45 million for the 79,864-square-foot property, located at 1201-1215 Phillips Square, according to JLL Montreal’s Capital Markets

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