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Commercial real estate: Legal cannabis poses retail positives

The legalization of marijuana could mean a boom for real estate. Akin to the gold rush of days of yore, this green rush could really have an impact on commercial real estate transactions in Canada. Investors have been scrambling to get their feet in on the ground level and to sell cannabis legally, particularly in Alberta where the province has decided to allow marijuana to be sold in private retail outlets -- not to mention the space it takes to grow -- so commercial space is becoming a hot commodity.

Commercial real estate: Cowtown office buildings plunge in value

The assessed valued of Calgary's downtown office buildings took a recent pummelling. Building values in Alberta's largest city dropped by about $4 billion in the last year. That change in commercial real estate values translates into increased taxes for non-residential owners of property outside the downtown core. City council will likely need to come up with a plan for tax relief in the short term while figuring out a long-term fix.

Commercial real estate: APREIT acquires 2 auto dealerships

Automotive Properties Real Estate Investment Trust (APREIT) just sealed the deal on a multi-million dollar acquisition of two dealership properties. The commercial real estate deals included one in Sherwood Park, Alberta, and one in Laval, Quebec. The two auto dealerships set APREIT back about $55.5 million.  

Commercial real estate: Denied pot sellers stuck with leases?

Prospective cannabis retailers may have jumped the gun a bit early. Those in Canada who are hoping to be accepted to sell legal marijuana but who won't be given the green light may be stuck with commercial real estate contracts that they may have a tough time getting out of. These individuals may have already signed leases that are pretty much ironclad, according to a Calgary-based real estate advisory company.

Legal cannabis to heat up Alberta commercial real estate sector

Officials in Calgary have already approved two shops in two different malls that will be selling legal cannabis -- that is two out of 83 applications for these areas alone. Alberta's commercial real estate sector stands to profit from the October legalization of recreational marijuana with retail stores all set to open shop in a variety of commercial locations, from malls to store front locations. Alberta's total cannabis store applications are approaching the 700 mark.

Cannabis Culture Lighting Up Commercial Real Estate In Alberta

With the legalization of marijuana across Canada just around the corner, entrepreneurs and business owners are moving quickly to secure their spot in the market. From dispensaries to accessory shops, cannabis culture is positioned to create waves across the Canadian retail and commercial real estate landscapes.

Commercial real estate sector in Alberta may heat up from pot

Looks like the legalization of marijuana may heat up Wild Rose Country's business sector. Alberta has received 87 applications so far from people wanting to open pot stores, which will be smoking hot for the commercial real estate sector. The Alberta Gaming and Liquor Commission (AGLC) is expecting more.

Calgary on list of likely commercial real estate hotspots in 2018

A recent report lists Calgary as one of five Canadian cities that will heat up commercially in 2018. The Alberta city made the list alongside Vancouver, Toronto, Montreal and Ottawa. The report indicates there is a sizable amount of capital to be invested in commercial real estate in these cities over this year and beyond, adding that  the commercial sector will be both competitive and busy. 

Commercial real estate in Canada has entered the tech age

Drones are bringing deals into the 21st century in a big way. These days, investors interested in commercial real estate in Canada are able to get a bird's eye view of the properties in which they're interested thanks to flying contraptions called drones. In terms of real estate, it's marketing genius.

Commercial real estate looking up in Alberta capital

In a recent report, a real estate researcher has indicated that a small increase in office vacancies in Edmonton's downtown core may be promising news for the potential expansion of existing companies. That's good news for commercial real estate in the Alberta capital seeing that the Conference Board of Canada (CBC) is earmarking Edmonton for 17,600 jobs in the business sector come 2021. According to the CBC, that will cut the vacancy rate to about five per cent.

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