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Alberta

Vesta shifts focus from Vancouver to Alberta: 'The money's leaving'

Mario Toneguzzi Residential Developers Calgary Mar. 12 2025

Vesta Properties, a major real estate developer headquartered in Vancouver, has made the strategic decision to shift its focus to Alberta amid what it considers a less business-friendly political environment in British Columbia. 

Melcor gets Firm Capital, Telsec approval for REIT takeover bid

RENX Staff Commercial REITs Edmonton Mar. 6 2025

After publicly opposing Melcor Developments’ (MRD-T) bid to take Melcor REIT (MR-UN-T) private for the past several months, FC Private Equity Realty Mgmt. Corp. (Firm Capital) and Telsec Property Corp. have done an about-turn and agreed to support the move.

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