Stephen Avenue Place, one of downtown Calgary’s landmark office and retail towers, has been placed into receivership — a significant development for the city’s commercial real estate sector.   Located at 700 2nd Street SW, the 40-storey tower controlled by Slate Asset Management and financed through a syndicated mortgage led by Timbercreek Financial. Senior debt reportedly totals $139 million, against a City of Calgary assessed value of approximately $59.95 million. The Court

Ayrshire Group is moving ahead with three new purpose-built rental developments in Calgary, underscoring the city’s continued strength as a destination for multi-residential investment.   Projects include: The Galloway (Beltline): A 10-storey, 323-unit rental building featuring a partnership with the Sinneave Family Foundation to provide units for neuro-diverse residents. Copenhagen Block (former Danish Canadian Club site): A 10-storey, 242-unit boutique development with four