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Calgary

Calgary’s downtown strategy yielding big results

Commercial Redevelopment Alberta Feb. 18 2025 SPONSORED

Calgary’s strategy to future-proof its downtown includes financial incentive programs that are already transforming aging office space into residential and other active uses. The City’s current pipeline includes 11 office conversion projects removing 1.57 million square feet of office space.   

Allied’s net loss decreases in 2024, operating income rises

Steve McLean Commercial Office National Feb. 11 2025

Allied Properties REIT recorded a $342.53M net loss in 2024 (down 18.6 per cent from 2023). The biggest drain was $557.57M in asset value writedowns, but that didn't stop CEO Cecilia Williams from being optimistic about 2025.

 

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