• Sign up for the Daily Digest Email!
  • Twitter
  • Facebook
  • Google Plus One
  • RSS

REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

Peak Power Partners with Mohawk College to Ensure Safe Indoor Air Quality in Ontario Schools

December 9, 2021 By Business Wire

TORONTO–(BUSINESS WIRE)–Peak Power, a Canadian company building AI-powered solutions for the clean energy future throughout North America, announces a partnership with Mohawk College to ensure safe indoor air quality in schools. Peak Power installed its Peak Insight Indoor Air Quality (IAQ) platform adjacent to Nerva Energy’s REME HALO (RH) air purifiers in three Grand Erie District School Board (GEDSB) elementary schools. Peak’s platform is validating the efficacy of the air purifiers by monitoring indoor air quality.

The Peak Insight IAQ platform consists of both indoor air quality-measuring sensors and Peak Power’s secure, scalable, and intelligent building optimization software. The Peak Insight sensor arrays monitor for key IAQ metrics such as carbon dioxide, volatile organic compounds (TVOC), particulate matter, humidity, temperature, and ozone. The platform also considers factors that may increase viral transmission and will notify users when building occupants are at risk, an especially important element as students return to schools throughout 2021 and 2022.

Peak Power established a baseline of indoor air quality in the GEDSB schools by installing its sensor arrays in five classrooms per school prior to the installation of the REME air purifiers. The system is continuing to provide interval data that is refreshed every five minutes on Peak Power’s Peak Insight platform for mobile or desktop. The platform displays detailed measurements across one or multiple zones of a building. Reporting and visualisation via an easy-to-read dashboard identifies localised areas of concern and provides real-time insights and alerts allowing for targeted remediation. It provides insight at the classroom, individual school, and district level.

After several months of monitoring during the 2021-2022 school year, the Peak Insight IAQ platform showed that the air purifiers installed improved the indoor quality by as much as 22% post installation. The IAQ score, which is based on air quality standards from the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) and measures contaminants such as CO2 and PM 2.5, went from 65% to 87% as validated by Peak Power.

“The well-being of students, teachers, and staff is of utmost importance, and we want to ensure the healthiest learning conditions for our partners in the Grand Erie District School Board,” said Tony Cupido, Research Chair of Sustainable Building Technologies IDEAWORKS at Mohawk College. “Peak Power’s Peak Insight IAQ platform is a great way for us to track indoor air quality in classrooms, which are currently being purified thanks to the REME HALO technology. We are helping to set the safety standards for schools everywhere.”

Peak Power provides energy efficiency insights and actionable alerts for commercial real estate buildings through its Peak Insight platform. In response to the growing demand for air quality monitoring amid the COVID-19 pandemic, Peak Power expanded its platform to include the Indoor Air Quality module and offer it as a standalone product.The flexible solution addresses the needs of organizations such as school boards focused on the indoor air quality of their buildings and the safety of occupants.

“Schools are an excellent application for our Peak Insight IAQ module,” said Cristina Barlow, Director of Partnerships at Peak Power. “Schools should offer an environment that fully supports the well-being of students, teachers, and staff. Thanks to Mohawk College, GEDSB schools will benefit from clean air this school year. We’re happy to partner with Mohawk College to provide the tools to continuously monitor the air quality of the classrooms with RH purifiers.”

The Peak Power Peak Insight IAQ project with GEDSB will run for 12 months. Following the conclusion of the pilot, Peak Power and GEDSB will consider opportunities to extend the program.

About Peak Power

Peak Power is a Canadian Clean Technology company building AI-powered solutions that make building owners and operators part of the clean energy transition. Working with real estate, energy, and transportation partners, Peak Power transforms buildings and industrial facilities from static energy consumers into dynamic, two-way grid resources that generate revenue. Climate contributors become climate solution providers – and get paid to do so. The company’s technology optimizes commercial buildings through the intelligent management of energy use, energy storage, and EV-grid integration. Peak Power’s solutions are deployed in over 15 million square feet of commercial real estate, controlling 90+ MWh of battery and electric vehicle capacity in Ontario, New York, and California. Peak Power’s clean energy solutions help facility owners and operators prepare for a future that is environmentally and economically sustainable.

About IDEAWORKS Mohawk College

IDEAWORKS, is Mohawk College’s active hub of applied research and innovation. We work side-by-side with startups, established companies and community organizations to address their challenges firsthand, often accessing government grants and leveraging industry sponsored projects to make applied research opportunities possible. We enhance teams with specialized expertise from Mohawk faculty, staff and students, provide access to specialized, industry leading equipment and one-of-a-kind comprehensive facilities and help to de-risk new technology adoption through testing and trials.

About the Grand Erie District School Board

Grand Erie District School Board represents nearly 18,000 students in 58 elementary schools and more than 7,500 students in 14 secondary schools within the city of Brantford and the counties of Brant, Haldimand, and Norfolk as well as students from Six Nations of the Grand River and Mississaugas of the Credit First Nation.

Contacts

Media:
Gene Hunt

Trevi Communications, Inc.

Gene@trevicomm.com
978-750-0333 x101

StorageVault Receives Conditional Approval to List on the Toronto Stock Exchange

December 9, 2021 By Globenewswire Tagged With: TSX-V:SVI

TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the “TSX”) to list its common shares and its outstanding senior unsecured hybrid debentures on the TSX. The listing of such securities is subject to fulfilling the conditions… [Read More]

BSR Real Estate Investment Trust Announces Base Shelf Prospectus Renewal and ATM Offering

December 8, 2021 By NewsWire Tagged With: TSX:HOM.U, TSX:HOM.UN

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ LITTLE ROCK, Ark. and TORONTO, Dec. 8, 2021 /CNW/ – BSR Real Estate Investment Trust (“BSR” or the “REIT”) (TSX: HOM.U) (TSX: HOM.UN) announced today that on December 1, 2021, the REIT renewed its existing base shelf prospectus and filed… [Read More]

Middlefield Global Real Asset Fund Announces Normal Course Issuer Bid

December 8, 2021 By Globenewswire Tagged With: TSX:RA.UN

TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) — Middlefield Global Real Asset Fund (the “Fund”) (TSX: RA.UN) announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”). Purchases pursuant to the NCIB will be made in the open market through… [Read More]

Tribe Property Technologies Announces Partnership with Bluemyth Technologies, Bringing Parcel Locker Solutions to Residential Community Living

December 8, 2021 By NewsWire Tagged With: TSX VENTURE:TRBE

/NOT FOR DISTRIBUTION IN THE U.S. OR TO U.S. NEWSWIRE SERVICES./  VANCOUVER, BC, Dec. 8, 2021 /CNW/ -Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (“Tribe” or the “Company”) has partnered with Bluemyth Technologies (“Bluemyth”), a Canada-based internet application company that is bringing smart parcel delivery solutions to strata and condo buildings. “We see this as… [Read More]

Race for quality office assets in major cities spurred by ESG and limited supply – 2022 Global Investor Outlook reveals

December 8, 2021 By Globenewswire Tagged With: TSX:CIGI

Investing with intent becoming as clear a priority as financial performance LONDON and TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) reveals quality office assets in major metropolitan markets like London, New York, Tokyo, and Sydney have retained their allure and will be… [Read More]

Keltic Canada Development Secures One of BC’s Largest Land Sales of 2021

December 8, 2021 By Business Wire

Company purchases 27 acres in Richmond with plan to contribute almost a quarter of land to civic use

VANCOUVER, British Columbia–(BUSINESS WIRE)–Keltic Canada Development (Keltic) is proud to announce today that it has secured one of Metro Vancouver’s largest land deals this year, acquiring a large plot of land in Richmond, British Columbia for over $300 million. The property, which is a total of 27 acres in size, is located at No 2. Road and River Road. The deal closed on December 7th and saw the transfer of ownership to Keltic Canada Development. The transaction was coordinated and brokered by Goran Bucan Prec from Sutton Group (WCR-Broadway).

As could be expected given the vast size of the land, Keltic’s development plans are significant in scale. Currently, the property is occupied by light industrial / commercial tenants. The company plans to create a vibrant multi-use destination including residential, commercial and industrial spaces that will add richness and vitality to the city. Twenty-three per cent of the land, or 6.4 acres, will be developed into green space and contributed back to the city for community use. Extensive public consultation will be utilized to ensure the property is developed respecting the authentic part of Richmond’s community but also create something new and exciting. Located next to Richmond Olympic Oval, the development is positioned to add to an already thriving area of civic activity.

“The acquisition of this piece of land presents us with an opportunity to work with the City of Richmond and the public to design and develop their dream, and to create something that will have a positive and lasting impact on this community for generations to come,” shared Rachel Li Lei, Managing Director, CEO Keltic Canada Development. “We are committed to enhancing the quality of work and life for Canadians by developing sustainable, modern, and productive communities, and this development will be thoroughly representative of that mission.”

Keltic is a 100% Canadian-owned, diversified real estate development company headquartered in Vancouver. With established experience in building Lower Mainland’s residential, industrial, and mixed-use developments, this purchase adds to its long-term strategic growth plan for Greater Vancouver. The acquisition allows Keltic to forward its established dedication to building a superior and healthy standard of living that suits the everyday lifestyles of those who live in its built communities. In addition to this development, Keltic’s current projects at varying stages of development include Coco Oakridge, Nexus, The Paramount, Park West and upcoming O2 project in Metrotown.

For more information on Keltic, visit www.kelticdevelopment.com.

About Keltic Canada Development

Keltic is a Canadian-owned, diversified real estate development company, headquartered in Vancouver B.C. Their numerous projects include residential, industrial, and mixed-use developments for sale, under construction, or upcoming. Keltic is supported by its solid financial strength and world-class management team, with a clear focus on long-term strategic growth in Greater Vancouver, B.C.

Contacts

Media
Max Jakubke

PUBLiSH Partners

778-772-7336

max@publishpartners.co

Pioneering ConTech Company Bridgit Is Recognized as One of 2021’s Best Workplaces™ Managed by Women

December 8, 2021 By Business Wire

Great Place to Work® acknowledges Bridgit as a company that creates a truly exceptional employee experience.

TORONTO–(BUSINESS WIRE)–Bridgit, a Toronto/Waterloo-based workforce intelligence technology company that’s focused on the construction industry, is proud to announce its inclusion in the Great Place to Work® 2021 list of Best Workplaces Managed by Women, which has been compiled based on the feedback from the employees of hundreds of organizations.

Bridgit’s inclusion on the list comes as little surprise to those in the industry, as Bridgit’s founders Mallorie Brodie and Lauren Lake have worked hard to foster a close-knit, inclusive, and people-first working environment. The outcome of this is clear: In the past year, Bridgit has more than doubled its employee count, seen 140% increase in revenue, closed their $24M series B round, launched 36 new features and 16 integrations, and formed partnerships with ConTech giants Procore and Autodesk—which is made all the more impressive by the fact that they’ve done it in two male-dominated industries.

Bridgit is hiring for at least fifteen new roles across all departments, with additional jobs being posted weekly. A Great Place to Work- Certified™ company, Bridgit offers competitive compensation and equity, a remote-first work environment, unlimited PTO, four-hour Fridays, and free health insurance for employees and their families.

“We strive to create an environment that helps our people thrive, which means great benefits, pay and an unwavering commitment to diversity, equity and inclusion,” said Lauren Lake, Co-founder and COO at Bridgit. “We want our team members to feel like they can bring their best selves to work; so we’re constantly striving to find every way to make that possible. We consider a great working experience to be one of our key competitive advantages.”

Bridgit’s flagship product, Bridgit Bench, is the only workforce management platform designed specifically for general contractors, allowing them to put the right people on the right jobs, and at the right time—eliminating cost overruns caused by improper workforce planning. Bridgit Bench also intelligently forecasts hiring needs, allowing GCs to confidently identify and bid on jobs where they’ll be most successful.

To explore career opportunities at Bridgit, please see the careers page. If you are a general contractor interested in how Bridgit Bench can help you take a people-first approach to workforce planning, please sign up to talk to a workforce intelligence expert.

About Bridgit

Bridgit is workforce intelligence for the construction industry. Bridgit’s mission is simple — to help the construction industry maximize profits by taking a people-first approach. Workforce Intelligence from Bridgit transforms workforce data into actionable insights that inform an organization’s strategic and tactical business decisions. Bridgit is a privately held company, having raised over $43.5 million CAD in equity financing, with capital from investors such as Autodesk, BDC Capital’s Women in Technology Venture Fund, Camber Creek, Export Development Canada, IAF, Nine Four Ventures, Salesforce Ventures, Sands Capital, StandUp Ventures, Storm Ventures, and Vanedge Capital. Learn more about Bridgit at gobridgit.com.

Contacts

Media:
Jesse Kent

Derring-Do Inc.

jesse@derringdo.com
909.781.3892

The Cape Group Improves Quality Assurance with Procore

December 8, 2021 By Business Wire

With Procore Action Plans, family-run real estate developer ensures it’s consistently meeting quality standards on projects across Canada

TORONTO–(BUSINESS WIRE)–Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that customer Cape Group is expanding its years-long relationship with Procore. Cape Group is standardizing its processes nationwide with Procore’s Quality and Safety tool, Action Plans, which enables the company to digitize its inspection and test plans (ITP) and improve quality assurance.


Vancouver-based Cape Group is a family-run real estate and development company founded in 1956 that prides itself on keeping the needs of the communities it works in top-of-mind. From rental units to warehouses, high-rises to master planned communities, mixed-use buildings to market housing and more, Cape Group has extensive experience with myriad types of projects.

The company chose Procore as its construction management solution for its comprehensiveness and proven track record. Today, Cape Group uses Procore to track all its projects, including real-time budgeting and cost control. The company uses Procore Analytics to turn project data into intelligence, including tracking and analyzing how long it takes for Requests For Information to receive a response.

“Cape Group is delivering projects around 10 per cent faster by using Procore, and we’re generating 10 times more revenue. We appreciate that Procore delivers continuous innovation in its platform,” said Zack Ross, Chief Operating Officer, Cape Group. “Procore has evolved the way we work at Cape Group. Standardizing tasks with Action Plans is the next step. We know from experience that Procore lets us deliver more value to our customers, which helps our business grow.”

Cape Group is now implementing Procore’s Action Plans in an effort to standardize its processes. Action Plans helps companies show clients and regulators that a job met quality standards and each stage was approved by a relevant party. Action Plans allows Cape Group to create templates for sequential work such as quality assurance, concrete pours and safety plans. Company-assigned approvers control when a plan can advance to the next step, allowing Cape Group to manage projects the same way on every job, whether the work is being done by local teams in Vancouver, Winnipeg, Ottawa or Toronto. Everything is tracked on the Procore platform, including proof of completion such as photos.

“The Procore platform is purpose-built for construction. A long-standing partner such as Cape Group incorporating Action Plans into its project management demonstrates that contractors can grow their business with Procore,” said Jas Saraw, Vice President, Canada at Procore.

Learn more about how Cape Group won a $60M project because of Procore: https://www.procore.com/en-ca/casestudies/cape-group

About The Cape Group

Cape Group is a three-generation, family run, vertically integrated real estate and development company, operating since 1956. With more than 60 years of experience, we are known within the industry as a group you can count on. We develop high-quality projects that complement the vibrancy of neighbourhoods, whether it is working with landowners, institutions, or home buyers, we listen and deliver. From high-rises to warehouses, office buildings to master planned communities, our dedication to building quality and building relationships is at the forefront of everything we do.

About Procore

Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.

Contacts

Steve Gold/Anita Wong

StrategicAmpersand Inc. (on behalf of Procore)

ProcorePR@stratamp.com

Colliers increases semi-annual dividend

December 7, 2021 By Globenewswire Tagged With: TSX:CIGI

TORONTO, Dec. 07, 2021 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers”) announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the “Common Shares”) of US$0.15 per Common Share, up from US$0.05 per Common Share previously…. [Read More]

Morguard REIT Announces Completion of Previously Announced Public Offering of $150 Million of Convertible Debentures

December 7, 2021 By NewsWire Tagged With: TSX:MRC, TSX:MRT.UN

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES./ MISSISSAUGA, ON, Dec. 7, 2021 /CNW/ – Morguard Real Estate Investment Trust (“Morguard REIT” or the “REIT”) (TSX: MRT.UN), announced today that it has completed its previously announced public offering (the “Offering”), on a bought deal basis, of $150 million aggregate principal amount… [Read More]

VM Hotel Acquisition Corp. Announces Proposed Acquisition of Five Premier Hotels to Create a Growth-Oriented Real Estate Operating Company

December 7, 2021 By NewsWire Tagged With: TSX:VMH.U

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 7, 2021 /CNW/ – VM Hotel Acquisition Corp. (TSX: VMH.U) (TSX: VMH.WT.U) (“VMH“), a special purpose acquisition company (“SPAC“), today announced its proposed qualifying acquisition (the “Qualifying Acquisition“) of a US$411 million portfolio of five premier hotels, consisting of 2,079 keys in four… [Read More]

  • « Previous Page
  • 1
  • …
  • 330
  • 331
  • 332
  • 333
  • 334
  • …
  • 1160
  • Next Page »

Sign up for the Daily Digest Email!

Receive the latest news stories from the REIT Report every morning for FREE!

100% Privacy. No SPAM. We promise.

Daily Movers

Ticker News Price Chg Chg%
d.un:ca$14.92.7118.16%
csh.un:ca$9.340.545.78%
ax.un:ca$6.920.223.13%
kmp.un:ca$17.730.623.5%
nwh.un:ca$8.020.222.69%
mrt.un:ca$5.24-0.01-0.19%
grt.un:ca$81.72-0.11-0.13%
hot.un:ca$2.53-0.01-0.39%
fcr.un:ca$15.35-0.05-0.32%
dir.un:ca$14.22-0.41-2.87%
 

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT