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Alberta

Arena not only giant coming to downtown Edmonton

More than a new, $450 million arena complex could be headed for Edmonton's downtown. That's a key message in a research report prepared for the Downtown Business Association of Edmonton. The report, completed in late summer, chronicles roughly $4.

Grande Prairie studies annexation

City and county officials in northwest Alberta were sounding upbeat in late summer as they worked toward an agreement that will help determine future growth in the Grande Prairie area.

Fort Mac's Oil Sands hotel levelled

A notorious Fort McMurray landmark is being scrubbed to make way for downtown redevelopment in the oilsands city.

Red Deer industrial space tightening

Red Deer industrial tenants and owner-users gobbled up roughly 305,000 square feet of space in that city between July 2011 and July 2012, according to a recent report from a leading central Alberta appraisal firm. Soderquist Appraisals Ltd.

Lacombe lands industrial deal

The City of Lacombe approved the purchase of roughly 34 acres of land in the Wolf Creek Industrial Park. The city will use some of the land for its infrastructure-services building and yard, and resell the rest for development.

Cold cash in Cold Lake

While building-permit totals for Cold Lake were only $29.2 million in 2010, they hit over $61 million in 2011 and have been chugging along in 2012. Real estate sales have been strong, to say the least.

Upgrading a city

The greenhouse gas will then be piped 80 kilometres north and injected two kilometres into the ground, cutting CO2 emissions at the plant by 35 per cent - roughly the same amount produced annually by 175,000 passenger vehicles.

Cold Lake “the new Fort McMurray”

Cold Lake is being referred to as the “new Fort McMurray” as rising real estate prices, tight rentals and huge energy project make it characteristic of Alberta’s best known oil town.

Burnt real estate investors plan class action suit

Hundreds of investors who are believed to have have lost life savings, retirement funds and investments will be meeting in Calgary on Monday, September 10th, to discuss a class action suit launched against Platinum Equities Inc.

REIT snaps up Calgary rental units at $160,000 per “door”

Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) has bought two apartment properties in Calgary totalling 405 residential suites. The purchase price for the two properties was approximately $68.