TD Tower, Suite 2700
10088 - 102 Avenue
Edmonton, AB T5J 2Z1
Tel.780.420.1177

WESTIN EDMONTON HOTEL SOLD FOR $60M ON BEHALF OF STARWOOD CAPITAL GROUP

Toronto’s Curtis Gallagher, with Ian Newman of Cushman & Wakefield Edmonton, completed the sale of Starwood Capital Group’s (Starwood) Westin Edmonton hotel for $60 million. This transaction marks the fifth hotel in Starwood’s portfolio the Canadian hotel investment team has sold on their behalf, for a combined total of $1 billion. The Westin Edmonton was built in 1974, with an expansion in 1980. In Alberta’s capital city, the hotel is located in the heart of downtown and is just steps away from the North Saskatchewan River Valley Park, Arts District and surrounding restaurants, shopping and entertainment. The hotel is the… Read more »

Strong Relationship for Success

Property owners may describe Edmonton’s Industrial real estate as a “Tenant’s Market”; Tenant’s may consider it opportunistic’ personally I think it is has flatlined and is desperate for something dramatic.  Either way, as lease negotiations take more time and money to be successful, the value of strong professional relationships has become as necessary as ever. It is with that in mind that I am proud to announce that the Partnership between Cushman & Wakefield Edmonton and Fiera Properties has reached a milestone of leasing activity.  In a portfolio filled with small sized industrial bays, we have leased over 125,000 square… Read more »

Announcing Adam Martinson as Partner

The Partnership of Cushman & Wakefield Edmonton is proud to announce our new Partner is Adam Martinson.  He has demonstrated he is committed to his clients and to the firm. Adam joined the company full time in 2010, after completing his Bachelor of Commerce degree with a major in Finance from the University of Alberta. Adam primarily focuses his expertise on the acquisition and disposition of investment properties consisting of retail plazas, single & multi-tenant industrial buildings, office buildings and land acquisitions. Adam became an Associate Partner in 2016, and a Partner in 2019. Adam works to be a valuable… Read more »

Cushman & Wakefield Edmonton Instrumental in Negotiating 35,000 SF Transaction in ICE District

A team from Cushman & Wakefield Edmonton, led by Jamie Topham and Brett Killips, recently were instrumental in negotiating a 35,000SF transaction in Edmonton’s booming ICE District.  Two flagship restaurants, The Canadian ICEhouse and The Banquet with will feature Edmonton’s largest rooftop patio, which will overlook ICE District Plaza and Rogers Place.  The patio will be programmed with games and fireplaces outside & offer patrons a further chance to engage with the space inside, which will include bowling, shuffleboard, ping-pong, karaoke and a tasting room made of ice. Congratulations to Canadian Brewhouse, One Properties and Katz Group on this transaction,… Read more »

Announcing New Associate Partners

Cushman & Wakefield Edmonton is pleased to announce 4 new Associate Partners, Adrian Ambrozuk, Dustin Bateyko, John Shamey, and Zeshan Qureshi. These individuals have demonstrated their commitment to both their clients and the firm, and we are proud to welcome them to the Partnership.

What’s Next | Capital Markets 2019 Forecast (PART 6 – Full Report)

Edmonton has always appeared to be a market driven by oil and gas feasts and famines. Is that still the way it is or has the market changed? Here are our thoughts on what is driving Real Estate in Edmonton.    Part 1         Part 2        Part 3       Part 4       Part 5    View our full report here: What’s Next 2019 – Capital Markets Forecast

What’s Next | Capital Markets 2019 Forecast (PART 5)

There is still a demand for concrete high rise at low Cap Rates. Is this going to continue or do we see the market evolving where older underperforming assets in need of Capex become more prominent.                Part 1        Part 2        Part 3       Part 4   What’s Next 2019 – Part5 (PDF)   In the Edmonton marketplace, nine high-rise properties sold in 2018 at an average cap rate of 3.62 percent. These nine sales represent a combined total of 1,221 units and $331,516,000 in volume. Drivers of these… Read more »

What’s Next | Capital Markets 2019 Forecast (PART 4)

Although volumes have been down over the past year, there is still a high buyer demand for product below the $10 million price point. Is this still the market or will there be movement for the bigger assets to take advantage of redevelopment/density opportunities for under-performing assets?              Part 1         Part 2         Part 3 What’s Next 2019 – Part4_(PDF)   The Edmonton retail market is really the tale of two segments. The institutional players who are focused on grocery anchored or power center plays compared to the local risk… Read more »

What’s Next | Capital Markets 2019 Forecast (PART 3)

Is the flight to quality over since there are very few pockets of space left in the new properties and will there be investment opportunities in the market to utilize some of the older buildings for office space?              Part 1         Part 2 What’s Next 2019 – Part3 (PDF)   Although this segment of the market had an increase in sales volume in 2018, it was heavily influenced by the sale of the Edmonton Tower at a price of $400,000,000. The Enbridge Tower that was the next largest sale at $22,000,000 is… Read more »

What’s Next | Capital Markets 2019 Forecast (PART 2)

Is the shrinking inventory going to lead to more spec activity and land sales or is there an opportunity to invest in less functional buildings and repurposing? How do we see this playing out over the next twelve months?              Part 1 What’s Next 2019 – Part2 (PDF)   The Edmonton industrial sector appears to be at a crossroads. The Anthony Henday Ring Road has been completed and it has shortened drive times to all geographical sectors of the City. Along with this fundamental change, industrial areas within the Anthony Henday are approaching full build-out… Read more »

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