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Alberta

Done Deals updated for December

Our readers report on recent commercial real estate sales across Western Canada Melcor REIT snaps up $138M portfolio Alberta-based Melcor Developments Ltd.

Done Deals updated for October

The Canada Pension Plan Investment Board bought a $200-million stake in Edmonton’s Henday Industrial Park.

Canada Pension Plan tied tight to commercial real estate

CPPIB recently took a $200 million stake in an Edmonton industrial development.

Lenders open vaults for real estate but warning issued on multi-family financing

Commercial real estate developers and investors rushing to secure low-cost financing amidst fears of higher interest rates are finding a warm welcome this summer from a lot more lenders.

Okotoks “outrage” threatens adult stores

An Okotoks bylaw suggesting a 200-metre distance between adult-oriented businesses and those with conflicting interests passed first reading in the fall and Council is now seeking public feedback before it is presented for second reading this spring.

American retail stampede to Calgary stumbles

A rush of U.S. retailers is being blamed for a sharp hike in lease rates for prime Calgary storefronts, but one high-profile American retail play has stumbled to an early exit. “The influx of U.S.

Calgary at $5 million an acre

The City of Calgary has a deal for you: a vacant quarter-acre commercial lot on 16th Avenue NW with frontage on the TransCanada Highway and close to transit. And the price is a mere $1.25 million, or $5 million per acre.

Office glut looms in Edmonton

The potential building boom would represent the biggest in 30 years.

Vancouver developer Hungerford revamps landmark Calgary site

Vancouver-based Hungerford Properties plans to transform what was once Calgary’s largest manufacturing plant into a massive business park by this summer.

Sublease office space balloons in Calgary

Major oil companies shoving excess space onto the market has nearly doubled Calgary’s downtown office vacancy rate and help notch four straight quarters of negative office leasing downtown. During 2013, overall absorption was negative by 1.