Multi-Million Dollar Sales Piling up in Edmonton

2018 is shaping up to see some huge deals in Edmonton’s commercial real estate market. As we reported a few weeks ago, there have already been some noteworthy sales, with the sale of Edmonton Tower for $400 million leading the way. There are clearly a healthy number of buyers in the market as a number of other[…]

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[…]

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[…]

Why the Feds Buying Trans Mountain Helps Edmonton’s Commercial Real Estate Market

This week, the Canadian government agreed to purchase Kinder Morgan’s Trans Mountain pipeline to ensure the expansion goes ahead.  While there is a lot of criticism from environmental and indigenous groups and conservative politicians and pundits, we believe this is a big win for our economy. As we have written about previously, Edmonton’s commercial real estate[…]

Oil Update – Edmonton Commercial

It may not feel like spring quite yet, but the drilling industry is in the midst of the annual “spring break-up”.  Around this time each year, the earth thaws and the ground becomes soft, muddy and generally harder to work in.  It is a period of considerable slow down, as evidenced by recent statistics showing roughly 3/4[…]

The 10 Best Books We’ve Read Recently

Before we get back to our regular blog content on Edmonton’s commercial real estate market, we wanted to give you some reading ideas* for 2018. In no particular order, here are our favorite books we’ve read recently. How to Fail at Almost Everything and Still Win Big Scott Adams, the cartoonist famous for Dilbert, is[…]

Marijuana and Edmonton Commercial Real Estate: Part Two

Last week we wrote an article about how the forthcoming legalization of marijuana could have a big impact on Edmonton’s commercial real estate market.  A number of high profile projects are already underway, and the total footprint of marijuana growers occupying industrial real estate in Greater Edmonton will exceed one million square feet before marijuana[…]

Oil is Heading to $70

Yes, it’s a bold headline, and we should disclose ahead of time that we’ve been atrociously wrong on previous predictions (ie/ Trump and Amazon*).  You might be wondering what makes this prediction different.  The answer: not much.  This is purely speculative on our behalf so don’t rely on any of this for investment, financial or[…]

3 Big Deals in Edmonton Worth Almost $90 Million

With the Conference Board of Canada predicting Edmonton will have the second fastest growing economy in Canada (trailing only Calgary), big deals are indeed alive and well. First, a package of hotels just sold for an impressive $65 million: Mettera: 10454 82 Avenue, 8 stories, 98 rooms, 4,248 square feet of retail space, 26 parking stalls.[…]

A Book that Anyone Involved in Commercial Real Estate Should Read

If you’re involved in commercial real estate in any capacity, we’re recommending Re-Engineering Retail by Doug Stephens.  Even more broadly, if you’re curious about what the future of retail might look like, you’ll find some very interesting predictions in this book.  While the focus is on the future of the retail landscape, there are underlying[…]