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Calgary

Avenue Living buys Calgary's The Pinnacle apartments for $58M

Mario Toneguzzi Residential Apartments Calgary Nov. 10 2023

Avenue Living has acquired Calgary's The Pinnacle apartments – its second major purchase in less than a year at the suburban property. In total, Avenue Living has spent $116 million to acquire over 600 rental units at the site.

Good news for Calgary's retail CRE: Demand outstrips supply

Mario Toneguzzi Commercial Leasing Calgary Oct. 27 2023

Elevated interest rates and rising construction costs are among the factors creating a challenging retail development sector in Calgary, but optimism reigns because there simply isn’t enough space to satisfy demand.

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