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Primaris sells St. Albert Centre mall near Edmonton for $60M

Don Wilcox Commercial Transactions Edmonton 13 hours ago

Primaris REIT (PMZ-UN-T) has announced its second shopping centre sale of 2025, divesting the Hudson’s Bay-anchored, 352,900-square-foot St. Albert Centre just outside Edmonton for $60 million.

'Counter-cyclical strategy': G2S2 buys $600M in Ravelin debt

Don Wilcox Commercial REITs National 1 day ago

UPDATED: G2S2 Capital, an investor in the struggling Ravelin Properties REIT (formerly Slate Office REIT), has acquired almost $600 million of the trust’s $1.09 billion debt. It's a move G2S2 founder George Armoyan calls a "counter-cyclical" strategy.

Canada's downtown office vacancy inches down: CBRE

Steve McLean Commercial Office National 17 hours ago

Toronto and Vancouver enjoyed positive net absorption of office space in Q1 2025, according to new CBRE reports. And in a first since Q1 2020, the national downtown office vacancy rate dipped slightly led by Toronto and Vancouver.

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Elite buys Edmonton retail centre, apartment building

Elite Real Estate Group, a key player in Edmonton’s commercial real estate market, has surpassed $500 million in assets under management with two significant acquisitions — Whitemud Crossing Shopping Centre and Concord Tower apartments. 

Mario Toneguzzi Commercial Transactions Edmonton Mar. 24 2025

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MCAN names Sutherland president, CEO; Wall, Saint-Gobain appoint CEOs

MCAN Mortgage Corporation (MKP-T) has appointed Derek Sutherland as president and chief executive officer. Sutherland has acted as interim chief executive officer for the past four months and has been chair of the board of directors since 2020. 

John Dujay Commercial CEOs National Mar. 23 2025

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 P.O. Box 1484, Stn. B
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