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2026 Canadian Transactions of the Year
Western Canada
- Harrison Street’s Symposia Development Deal Fills a Student-Housing Gap at SFU
- Maclab Development Sells Student Housing-Multifamily Project for $198 Million
- QuadReal Maintains Strong Revenue Stream After Selling The Post
- Cologix Moves into Calgary with Mutually Beneficial Acquisition of DataHive Data Centre
- Goodman Commercial Team Sidesteps Curveballs to Broker Sale of Siena Mixed-Use Condo Project
- Colliers Team Spearheads a 605,000-Square-Foot Design-Build Lease for Princess Auto
- Colliers Team Leads Reuse and Sale of 271,000-Square-Foot Mixed Use Property
- Royal Park’s Weiman, Stang Spearhead Dow’s 25-Acre Brownfield Redevelopment
- Shindico Realty Acquires 42 Acres in the 165-Acre Water Tower District
- Buyer Oxford, Seller CPPIB Both Benefit from Western Canadian Office JV Buyout
- Avison Young Executes One of Metro Vancouver’s Most Significant Build-to-Suit Industrial Leases
Maclab Development Sells Student Housing-Multifamily Project for $198 Million
A two-tower residential complex in Edmonton’s Garneau neighbourhood sold for $198 million to BentallGreenOak. Maclab Development Group, the seller, also built the combined multifamily and student housing towers.
The two high-rise towers at 86 Avenue SW were branded differently and had separate purposes. Laurent, at 20 storeys, offered 493 beds for students attending the University of Alberta. Next door is the Eleanor, a 30-storey, 272-unit market-rate apartment complex anchored by 7,000 square feet of retail.
Coordinating the sale while maintaining strong operational performance required careful financial reporting, data transparency and alignment between ownership, advisory teams, and incoming capital.
Ensuring a smooth transition across two independently operating towers added another layer of complexity. This was addressed by disciplined asset management and structured communication throughout the process.
These are some of the reasons why Maclab Development Group was honored with Connect Canada’s Transactions of the Year Award for building and selling the Laurent and Eleanor. The award highlights deals and closings impacting Canada’s commercial real estate sector.
