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Stories Tagged - Fairfield Commercial Real Estate

CREB®Now Archive
News

April 04, 2018 | Mario Toneguzzi

First-home stories from Calgary's business community

For many people, buying a first home is an exciting, but stressful, experience. CREB®Now spoke with a few members of Calgary's business community to find out what it was like making that first big investment in their lives.
The Northland Village, redevelopment is part of a coming of age for Calgary’s retail sector, say officials. Illustration courtesy Primaris
News

Oct. 26, 2016 | Mario Toneguzzi

Rethinking retail

Calgary's collection of decades-old malls are getting much-needed facelifts

Consumer demand is driving a wave of commercial real estate development in the city with several major shopping centres poised to get major makeovers this year and next.

Deerfoot Mall in the city's northeast, as well as Northland Village Mall and Stadium Shopping Centre in the northwest, are all in the planning or development stages of redevelopment.

Michael Kehoe, an Alberta-based retail specialist with Fairfield Commercial Real Estate Inc., said the collective changes reflect landlords' attempts to breathe new life into decades-old retail hubs, of which there are plenty in the city.

Calgary's northwest inner-city communities are becoming much more urban and desirable, says Richard White, author of the popular blog Everyday Tourist. Photo by Michelle Hofer/For CREB®Niow.
News

March 30, 2016 | Kathleen Renne

The next big thing

Where will Calgary's newest hot spot emerge?

People are always on the lookout for the next big thing, and that search extends to the world of real estate.

When it comes to reading the proverbial crystal ball as to which community will emerge as Calgary's next inner-city hot spot, the author of the blog The Everyday Tourist, Richard White, suggests one look north.

"The northwest inner-city communities are becoming much more urban and desirable," says White, explaining the growth of these communities has coincided with the relatively recent expansion of facilities like the Alberta Children's Hospital, the Foothills Medical Centre, SAIT and the University of Calgary campus.

CBRE managing director Greg Kwong said Calgary's commercial market is likely to see vacancy rates peak in 2017. Photo by Wil Andruschak/for CREB®Now
News

Jan. 05, 2016 | Cara Casey

Curtailing commercial

Vacancy rates spike as downturn makes its presence felt

Calgary's commercial sector has not been spared from prevalent weakness in the provincial economy, with prime spaces in the city left empty for most of 2015.

Vacancy rates in Calgary's commercial office sector increased by 5.8 per cent from the beginning of the year to the end, noted commercial real estate firm Avison Young. In downtown specifically, vacancy jumped 7.2 per cent, which accounted for approximately three million square feet.

In comparison, office vacancy rates tripled from four to nearly 12 per cent during the last economic downturn in 2008/09.

Clifford Koss and Janice Conley with their children Steven and Sophia in McKenzie Towne. Photo by Adrian Shellard/For CREB®Now
News

Oct. 06, 2015 | Kathleen Renne

Tried and true

Small-town experiment pays off for McKenzie Towne residents

Clifford Koss and Janice Conley have called the southeast community of McKenzie Towne home for 15 years. They moved there in 2000, after renting in McKenzie Lake across Deerfoot Trail.

"We like the area so much we named our business after it," says Koss, referring to the couple's home-based distribution company, Prestwick Resources. (Prestwick is one of four areas that make up McKenzie Towne, the other three being Inverness, Elgin and High Street, a 120,000 square-foot commercial strip.)

In fact, these days Conley and Koss say they rarely have occasion to venture outside of the community.


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