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Concert Properties and Brookfield have announced a joint venture involving an eight-property Canadian industrial portfolio totaling approximately 5.3 million square feet and valued at roughly $1 billion. The portfolio includes assets in major markets such as Calgary, Vancouver, Toronto and Ottawa. The transaction is another signal that large institutional investors continue to view well-located industrial real estate as a long-term investment priority. Fully leased assets wit

Construction is now underway on the Everwild Harmony Nordic Spa & Hotel, a major wellness and hospitality development located in the community of Harmony, west of Calgary. The project will bring a year-round wellness destination to the region, featuring thermal pools, saunas, accommodations, dining amenities, and lakefront experiences designed to attract both local visitors and tourism traffic. Beyond the wellness component, developments like this highlight how experiential d

Calgary saw a decline in housing starts in April, following several years of record-setting residential construction activity across the city. While the slowdown reflects a moderation from exceptionally high levels of development, Calgary continues to remain one of Canada’s most active housing markets. Recent CMHC data showed Calgary leading major Canadian municipalities in housing starts, driven largely by apartment and purpose-built rental construction. The latest figures s

Calgary City Council has delayed a final decision on the future of the downtown CTrain Free Fare Zone, with the discussion now expected to continue into 2027. The Free Fare Zone has operated along 7 Avenue since the launch of Calgary’s original CTrain system, allowing riders to travel through the downtown core without paying a fare. Recent reviews have examined whether the program should remain in place, with discussions focused on safety, transit operations, ridership, and t

The acquisition of Ravelin Properties REIT by Clarke Inc. has now closed, bringing together a portfolio of commercial real estate assets across North America and Europe. What stood out in the announcement was not simply the completion of the transaction, but the confidence Clarke expressed in the underlying real estate and its plans for the portfolio moving forward. According to Clarke, the acquisition adds "top-tier properties in their respective markets," with management em

A new concept plan has been unveiled for The Confluence Historic Site & Parkland, outlining a long-term vision for the 42-acre site at the meeting point of the Bow and Elbow Rivers. The plan proposes a significant expansion of year-round public programming and cultural infrastructure, including: A 2,500-person Pow Wow Arbour as a central gathering space A covered event stage and concert lawn with capacity for major festivals and community events New gardens, interpretive path

Following the loss of its Inglewood taproom to a fire in 2024, Calgary-based Ol’ Beautiful Brewing is moving forward with plans to rebuild, while continuing operations through its production facility and new downtown concept, Sound Room. From a real estate perspective, the story highlights something increasingly important in Calgary’s urban districts: successful hospitality and retail businesses are often tied as much to place as they are to product. Ol’ Beautiful’s original

The April CFIB Business Barometer highlights a sharp escalation in cost-related concerns, with fuel and transportation pressures rising rapidly over a short period. Concern over fuel costs rose to 74%, up from 36% in February. Shipping and receiving costs increased to 45%, up from 26% over the same period. The pace of change underscores how quickly operating conditions are tightening for small businesses. These trends point to renewed margin pressure across multiple sectors,