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CALGARY — David Neill has always had a passion for redeveloping heritage buildings. And over the years, the president of Encorp has left his mark on downtown Calgary with his vision for the Alberta Hotel Building, Fashion Central and Art Central — three properties in the core which were revitalized to add more consumer appeal for downtown shoppers and retailers. But recently those buildings were sold to Allied Properties Real Estate Investment Trust.
Wal-Mart hits a wall
Has the big box giant finally peaked? - September 21, 2011
With more than 4,400 sprawling stores in the United States and its pledge to provide “everyday low prices,” retail giant Wal-Mart Stores Inc. would appear perfectly positioned to weather the tough economic times south of the border. Indeed, Wal-Mart has long been the destination for price-conscious shoppers searching for everything from US$3.50 packs of 16 “Frosted Blueberry” Pop Tarts to a US$119 flat-panel television.
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Alberta Companies Vie for Office Space
August 31, 2011
Amazing what a rebound in the economy and oil prices can mean for commercial real estate in the province.
During the financial crisis and commodity price collapse not so long ago, there were fears there would be a huge oversupply of office space in Alberta. But office markets in Calgary and Edmonton have improved more quickly than anticipated, says Dan Sumner, an economist with ATB Financial in Calgary.
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Calgary retail spending to rise to more than $25 billion
5.9% increase forecast for 2012 - August 30, 2011
CALGARY — Retail spending in the Calgary region is forecast to soar to more than $25 billion a year in 2012, according to a major market report.
The KubasPrimedia Retail Sales Outlook Canada report for the third quarter of this year predicts the Calgary census metropolitan area will see 5.6 per cent annual growth this year to $23.8 billion followed by 5.9 per cent growth in 2012 to $25.2 billion.
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East Village renewal gets new leader
September 3, 2011
In his new capacity as president and CEO of the Calgary Municipal Land Corp., Michael Brown will continue to have a hand in changing Calgary's downtown skyline.
In his new position, which takes effect Sept. 21, Brown will spearhead the continuing redevelopment of East Village.
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