Spanish billionaire Amancio Ortega, founder of Zara and controlling shareholder of Inditex, continues to expand his Canadian real estate footprint through his investment firm, Pontegadea. Over the past decade, Ortega has steadily acquired a collection of high-quality office and industrial assets across major Canadian markets.   His Canadian purchases include: • 150 Bloor St. West, Toronto (2014) — Acquired for $255 million • Royal Bank Plaza, Toronto (2022) — Landmark office

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

Downtown Calgary’s 28-storey First Tower has been acquired by G2S2 Capital Inc. and its affiliate Armco Group of Companies.   The...

United Place, an 88,000-sq.-ft. office building at 808 4th Ave. SW, has sold for $7.5 million. Built in 1975, the property will be...

Allied Properties REIT has confirmed progress on its non-core property sales program. In 2024, the trust sold seven assets, including one...

Ravelin Properties (formerly Slate Office REIT) has acquired the remaining 25% interest in Commerce West (Etobicoke) and Gateway Centre...