Retail has been a key asset class for investors to buy and hold with an eye to redevelopment, Matthew Boukall, senior director, residential, with Altus Group Data Solutions Inc., said in a recent market overview. The latest investment numbers from Altus Group indicate that of the $10.1 billion worth of investment deals greater than $1 million in 2017’s first three quarters, retail deals represented $1.6 billion or 15%. While some blame the ongoing battle between bricks and clicks, the shtick is wearing thin for Patrick Phillips, CEO of the Urban Land Institute...
The Vancouver region is on the verge of setting a record for overall commercial real estate sales in 2017, according to figures provided by Altus Group.
Police have released surveillance footage of an arson suspect who set fire to a Christmas display outside a grocery store in northwest Edmonton early Sunday morning.
A wave of longtime family-run business have been shutting down in the city over this past year.
The company attributes its financial woes to declining retail sales and the economic downturn in Alberta, where most of its sales occur.