2018 Has Seen an Increase in Commercial Sales Activity

As oil prices have increased over the past year, so has commercial real estate activity in Edmonton. 2018 Mid-year 2017 Mid-year 2016 Mid-year Land $228,859,462 $132,533,862 $189,846,527 Buildings $1,082,145,037 $1,077,442,119 $675,904,126 Total $1,311,044,499 $1,209,975,981 $865,750,653 It’s not just the average sale price that has increased either, as the number of total sales has increased from[…]

Edmonton Office Tower Sells for $400 Million

Less than 3 years after it was built, Edmonton Tower has been sold for $400 million.  We mentioned earlier this year that Edmonton Tower, along with Stantec Tower, were both rumored to be for sale, and at the time we expected buyers to quickly come forward.   Enter the Alberta Investment Management Corporation (AIMCo), a large[…]

Construction Project Update: NAIT’s Productivity and Innovation Centre

With a growing population over one million, Edmonton is the province’s post-secondary destination, teaching nearly 200,000 students each year. Between the University of Alberta, MacEwan University, Concordia University of Edmonton, King’s College, and Norquest, Edmonton is a leader in academics. But one of the city’s shining stars is NAIT. A polytechnic school that offers both[…]

242 Applications to Open Retail Pot Locations in Edmonton

The City of Edmonton just released information pertaining to the applications they’ve received for cannabis retail locations.  What caught our attention was the fact that 242 applications were received in Edmonton alone, yet AGLC is estimating they will only issue 250 licenses province-wide. Since AGLC has not disclosed how many will be in Edmonton, we[…]