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Calgary

Drop in valuations results in $499M Q4 net loss for Allied

Steve McLean Commercial REITs Toronto / GTA Feb. 5 2024

Allied Properties REIT (AP-UN-T) suffered a $499.34-million net loss in its fourth quarter ended Dec. 31, in large part due to a $425-million decline in rental property valuations in Toronto, Montreal, Calgary and Vancouver.

Cadillac Fairview to sell two downtown Calgary office buildings

Mario Toneguzzi Commercial Office Calgary Feb. 2 2024

Cadillac Fairview is divesting two downtown office properties in Calgary. CF has already listed Encor Place for $21.5 million through RBC Capital Markets and will also bring 635 8th Ave. S.W. to market, CEO Sal Iacono tells RENX.

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 P.O. Box 1484, Stn. B
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