Commercial Real Estate Spotlight- February 07, 2020

This week's spotlight picks:

CARTTERA AND GOOGLE SIGN A 400,000 SF LONG-TERM OFFICE LEASE AT 65 KING STREET EAST, TORONTO

CARTTERA*

(3 min)

Carttera announces a major, long-term, downtown Toronto office leasing transaction at 65 King East, which will be home to Google, occupying 400,000 sf of office space across 18 floors in Toronto’s newest, next-generation office development.

CBRE BRINGS FIRST HANA COWORKING SPACE TO NEW YORK CITY

BISNOW

(2 min)

CBRE’s coworking arm Hana has selected 3 World Trade Center for its first New York City location, taking two floors in the 1,079-foot-tall building.

GOOGLE TO LAUNCH FIRST CANADIAN ACCELERATOR IN KITCHENER-WATERLOO

BETAKIT

(2 min)

Google is launching an accelerator for early-stage tech startups in Kitchener-Waterloo. The accelerator will be the tech giant’s first in Canada and the 12th globally. The announcement of the accelerator was made alongside news that Google is set to open three new offices in Canada, including one in Waterloo, where it has had a presence since 2005 when it opened a four-person office, later expanding into the Tannery Building

GOOGLE TO OPEN THREE NEW CANADIAN OFFICES IN TORONTO, MONTREAL, AND WATERLOO

BETAKIT

(3 min)

Google is expanding its Canadian presence with the opening of three new offices in Toronto, Montreal, and Waterloo. Google CFO and senior vice president, Ruth Porat, was in Toronto on Thursday to make the announcement, noting that Google is committed to deepening its investment in Canada. Google plans to build the three new offices to collectively house up to 5,000 employees.

CRESTPOINT BUYS TWO MAJOR CALGARY OFFICE PROPERTIES

RENX

(4 min)

Just days after making a major office purchase in Montreal, Crestpoint Real Estate Investments Ltd., has announced the acquisition of two large office properties in Calgary. Crestpoint purchased Stampede Station and TransAlta Place, adding 498,000 square feet of leasable space to its portfolio.

GET IN TOUCH.

James Butchard*

Vice President

Advisory & Transaction Services

416-815-2361

james.butchard@cbre.com                        

*Sales Representative                        

CBRE Limited, Real Estate Brokerage