The Best Western Plus Abercorn Inn located at 9260 Bridgeport Road has sold. The 99 room hotel is located on the South side of Bridgeport directly across from Costco. The hotel sold for $13,492,000, or $136,000 per room.The building was built in the 80’s but was fully renovated in 2011. Colliers’ Hotel group brokered the deal.

“Anthem Properties Group Ltd. is Pleased to Announce the Strategic Land Disposition of the Molson Brewery Site in Edmonton, AB.

EDMONTON, ALBERTA–(Marketwire – March 13, 2013) – On February 28^th, 2013, Anthem Properties Group Ltd. completed the disposition of its 7.9 acre Molson Brewery site located at the intersection of 104^th Avenue and 121^st Street in Edmonton, AB. The site was sold to joint venture partners First Capital Realty Inc. and Sun Life Assurance Company of Canada.

 The Molson site sits immediately adjacent to the Purchaser’s 6.3 acre Crosstown Chrysler site, which was acquired by the Purchaser in 2012. The sites combined, bring the total assembly to 14.2 acres. The size and location of the assembly will allow for an exciting, comprehensive mixed use development along this important east-west corridor.

A 14-unit apartment building in the South Granville area has sold for $4,000,000, representing a 3.4% cap rate and $286,000 per unit. The building had originally been listed for $5,000,000, but the price was later reduced to $4,400,000. The building, known as St. Charles Apartments, was built in 1927 but was substantially renovated.