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Alberta

PBA begins first downtown Calgary office-to-hotel conversion

Mario Toneguzzi Commercial Hotels and Resorts Calgary May. 30 2024

Calgary-based real estate company PBA Group of Companies, with U.S.-based partner Concord Hospitality, is repurposing an older 12-storey former office building in downtown Calgary and converting it into a hotel.

Western apartment developers face a whole new paradigm

Don Wilcox Residential Apartments Alberta May. 8 2024

Unprecedented population growth, persistent higher interest rates and elevated housing prices across much of Canada are creating a unique set of challenges for the Western Canadian apartment development industry, according to ATB Financial chief economist Mark Parsons.

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