Alberta

Sublease surge adds to vacancies Calgary’s office sector is experiencing déjà vu as plunging oil prices threatened to darken more office space in a city where a near record level of office construction is underway.

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

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

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

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.

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.

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.

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.

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

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