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Fairfield Commercial Real Estate Inc., Mail: 225 1811 4th Street SW S. W. Calgary, Calgary, AB (2026)

10/07/2026

Good Earth Coffeehouse Opens New Location at VIVO for Healthier Generations!

Today, we’re congratulating Good Earth Coffeehouse and Owner/Operator Vinnie Arora on the opening of a new Good Earth location at VIVO for Healthier Generations, located at 11950 Country Village Link NE in Calgary. The new coffeehouse provides VIVO members, families, staff, athletes, and community members with a convenient and comfortable place to pause, connect, and refuel while visiting the facility.

VIVO is a major multi-use fitness and community hub anchored by a branch of the Calgary Public Library, popular ice rinks, aquatic and fitness facilities.

Founded in Calgary in 1991, Good Earth Coffeehouse has grown into a network of more than 50 coffeehouses across Canada.

Institutional venues create strategic opportunities for food-service e brands that are increasingly seeking institutional leasing opportunities as a strategic way to expand their locational footprints. Facilities such as hospitals, universities, libraries, and major recreation centres offer attractive operating environments, with built-in customer bases, consistent traffic, and recurring demand. Vivo for Healthier Generations is a strong example of this opportunity.

Strategically positioned food-service amenities can also enhance the overall visitor experience at public-facing institutions. By adding convenient food and beverage options, facilities can better serve the needs of the people who use them every day. Connecting Food-Service Brands with Institutional Venues, commercial real estate broker, advisor, and consultant Michael L. Kehoe of Fairfield Commercial Real Estate facilitated the lease transaction between Good Earth Coffeehouse and VIVO.

The opening of Good Earth Coffeehouse at Vivo demonstrates the potential of this model: a food-service operator gains access to a highly active and diverse customer base, while the institution enhances the experience it provides to its members, visitors, the community, and staff.

Congratulations to Vinnie Arora (pictured here, centre) and the entire Good Earth Coffeehouse team on the opening of the new VIVO location. We wish them tremendous success serving the VIVO community and the surrounding north central Calgary area for many years to come. Vivo for Healthier Generations Good Earth Coffeehouse Fairfield Commercial Real Estate

10/03/2026

Rocking the Friday night red carpet at a special screening of the doc Frampton, a part of the Calgary International Film Festival. A great cinematic portrait of the life of rock star Peter Frampton!

10/01/2026

What’s next for Calgary’s former Hudson’s Bay building on Stephen Avenue in Calgary?

That question is increasingly coming up as the landmark downtown property enters a new chapter, and the recent installation of hoarding along the historic street-level arcade has only heightened interest. The original downtown Hudson’s Bay building dates to 1913 and was expanded in later decades, making it an important part of Calgary’s commercial and architectural history.

The store closed in June 2025 as Hudson’s Bay wound down its Canadian department-store operations. Almost a year later, Astra Real Estate Corp. acquired the property from the Hudson’s Bay/RioCan ownership. For now, the building remains vacant, and no concrete redevelopment plan has been publicly announced by the new owner. The recent hoarding could simply be protective or preparatory work, but it may also signal that a redevelopment announcement may be forthcoming.

There is plenty of room for speculation about what the future could hold. Potential uses could include mixed-use residential, hotel along with new ground-floor retail and food-and-beverage spaces.

Astra’s track record of success makes the residential-conversion possibility particularly interesting. The company specializes in repositioning underused downtown properties, and its Calgary portfolio includes several office-to-residential conversions such as Cornerstone, Petro Fina, Place 800, Skylight I and Skylight II.

Whatever ultimately happens, adapting this historic property will be both challenging and exciting.

The building represents an important piece of Calgary’s downtown story, and its next chapter could contribute meaningfully to the ongoing revitalization of the downtown core.

I’m particularly looking forward to seeing the historic street-level space activated again with new retail, restaurants, cafés or other commercial uses bringing people back to this prominent location on Stephen Avenue.

The hoarding may be temporary, but it has certainly sparked a lot of interest in what comes next.

Mario Toneguzzi

What’s next for Calgary’s former Hudson’s Bay building on Stephen Avenue in Calgary?

That question is increa

10/01/2026

What’s next for Calgary’s former Hudson’s Bay building on Stephen Avenue in Calgary?

That question is increasingly coming up as the landmark downtown property enters a new chapter,and the recent installation of hoarding along the historic street-level arcade has only heightened interest.

The original downtown Hudson’s Bay building dates to 1913 and was expanded in later decades, making it an important part of Calgary’s commercial and architectural history. The store closed in June 2025 as Hudson’s Bay wound down its Canadian department-store operations.

Almost a year later, Astra Real Estate Corp. acquired the property from the Hudson’s Bay/RioCan ownership.

For now, the building remains vacant, and no concrete redevelopment plan has been publicly announced by the new owner. The recent hoarding could simply be protective or preparatory work, but it may also signal that a redevelopment announcement may be forthcoming.

There is plenty of room for speculation about what the future could hold. Potential uses could include mixed-use residential, a hotel along with new ground-floor retail and food-and-beverage spaces.
Astra’s track record makes the residential-conversion possibility particularly interesting. The company specializes in repositioning underused downtown properties, and its Calgary portfolio includes several office-to-residential conversions such as Cornerstone, Petro Fina, Place 800, Skylight I and Skylight II.

Whatever ultimately happens, adapting this historic property will be both challenging and exciting. The building represents an important piece of Calgary’s downtown story, and its next chapter could contribute meaningfully to the ongoing revitalization of the downtown core.

I’m particularly looking forward to seeing the historic street-level space activated again with new retail, restaurants, cafés or other commercial uses bringing people back to this prominent location on Stephen Avenue.

The hoarding may be temporary, but it has certainly sparked a lot of interest in what comes next.

09/03/2026

Final Installment - Summer Reflections from 50 Years in Commercial Real Estate – Career Advice - “The Big Dance…”

As an ‘industry elder’ reflecting on a 50-year journey in Canada's commercial real estate business, I always enjoy meeting university students interested in real estate, as well as young professionals beginning or evolving their careers.

If I could offer a little advice today, to these young professionals it would be this:

Never forget that your career is The Big Dance.

Accept certain inalienable truths: rents and interest rates will rise, politicians will lie, dither, and philander. You, too, will get old—and when you do, you’ll fantasize that when you were younger, commercial rents were reasonable, politicians were noble, and commercial leases were much easier to negotiate.

Don’t expect anyone to support you.

Maybe you have a corner office and a Ferrari. Maybe you have a private jet and own a professional hockey team. But you never know when any of them might go down in flames. Maybe you have a trust fund or a wealthy spouse or partner. But you never know when any of those might run out.

As your career in commercial real estate progresses, find a mentor—and be a mentor.

Be generous with your knowledge. Share your experiences, your mistakes, your successes, and the lessons you’ve learned along the way. The intergenerational transfer of these intangible gifts will enrich those who follow and help shape the leaders of tomorrow.

I know. I had great mentors.

Dance when things are going well. Dance when they aren’t. Dance when you have a corner office—and even if you don’t have an office at all.
Because at the end of the day, the big dance isn’t about the office, your title, the Ferrari, the jet, or the hockey team.
It’s about how you show up, what you give back, and whether you remembered to enjoy the music along the way.

Enjoy the enclosed photos of my big career dance!

Finally, be thoughtful about whose advice you accept—but be patient with grizzled veterans like me who are inclined to offer it. Career advice is a form of nostalgia. Giving it is a way of reliving past commercial real estate triumphs and transaction battles through the fog of time—recycling those memories, painting over the rough edges, and appreciating them for all they're worth.

09/01/2026

Summer Reflections from 50 Years in Commercial Real Estate – Career Advice - “ I challenge you and each individual member of your generation…”

As an ‘industry elder’ reflecting on a 50-year journey in Canada's commercial real estate business, I always enjoy meeting university students interested in real estate, as well as young professionals beginning or evolving their careers.

If I could offer a little advice today, to these young professionals it would be this:
The transformational movement that will gain momentum under your direction in the commercial real estate industry will be the concept of the “Triple Bottom Line.” Entrepreneurial and profit initiatives are combined with social conscience / arts & culture initiatives, along with environmental building practices and procedures. A win-win-win formula for communities and the built environment in the world’s cities that prove increasingly complex, challenging and dynamic, but abundant with opportunities.

Great care, skill, and wisdom will be demanded of you to ensure that future commercial real estate projects will result in better designed and more sustainable buildings and communities. You will need to be imaginative, responsible, collaborative, and compassionate to realize such ends as part of the Tripple Bottom Line as you will think in terms of sustainable commercial real estate development, management, and green building practices. Your generation must take ownership of this process.

I challenge you and each individual member of your generation to take personal responsibility to seek out ‘Triple Bottom Line’ strategies.

Your résumé and those of your generation will be evaluated on the merits of your professional performance in conjunction with your individual social and environmental innovations, contributions, and stewardship. Always make a place in your personal and business life to support arts & cultural initiatives in your community. Don’t let me down…

The Tripple Bottom Line…Make it part of your personal dance. And…be sure to dance, even if you have nowhere to do it but in your own office if you have one at all.
Enjoy the enclosed photos of a few of my student mentoring days.

Finally, be thoughtful about whose advice you accept—but be patient with grizzled veterans like me who are inclined to offer it. Career advice is a form of nostalgia. Giving it is a way of reliving past commercial real estate triumphs and transaction battles through the fog of time—recycling those memories, painting over the rough edges, and appreciating them for all they're worth.

08/31/2026

This past week, I renewed my commercial real estate licenses with the Real Estate Council of Alberta (RECA).
The cost was $1,425 for one year, covering both my personal real estate broker licence and my brokerage licence for Fairfield Commercial Real Estate Inc.
Over the past 34 years as a licensed commercial real estate broker, I have likely paid more than $30,000 in fees to the Council.
I am proud to have been a licensed Commercial Real Estate Broker with RECA and during that time, I have never been investigated, sanctioned, disciplined, or sued.
One message I have always shared with young professionals entering or evolving their careers in the industry is simple:
“Reputation is everything—and once it’s gone, it’s gone forever.”
RECA serves as Alberta’s independent regulator for real estate, mortgage brokerage, and condominium management. Its role is important in maintaining a trusted, accountable, and competitive industry while protecting Albertans.
As a commercial real estate broker with specialized expertise in consumer-oriented real estate—including retail, restaurant, and medical leasing—I have had the privilege of working with clients at shopping centres and on main streets across Alberta.
I work hard to uphold the high professional standards established by the Council’s Rules and Code of Conduct. I continue to strive to be the best professional I can be, knowing that being licensed with a practice specialty carries both responsibility and accountability.
RECA plays an important role in Alberta’s real estate industry, particularly in our dynamic Province experiencing strong economic growth and continued expansion.
There are exciting times ahead for Alberta, and I am proud to continue to be part of its commercial real estate community.

08/25/2026

Summer Reflections from 50 Years in Commercial Real Estate – “Be nice to your competitors; they are the best witnesses to your finest work.”

As an "industry elder" reflecting on a 50-year journey in Canada's commercial real estate business, I always enjoy meeting university students interested in real estate, as well as young professionals beginning or evolving their careers.

Over my long journey in commercial real estate, I’ve been blessed to work in incorporate life and in brokerage alongside some truly great people. Couple that with volunteer roles through our industry trade organizations and the cast of exceptional professionals I have met is extensive.

Many of my colleagues have gone on to enjoy long and successful careers, and I’m genuinely grateful for the enduring business friendships I’ve made along the way.

Be sure to leave a comment if you recognize anyone in the attached photos!

If I could offer a little advice to today’s young professionals, it would be this:

“Get to know your industry colleagues. You never know when you’ll find yourself working alongside them to achieve something great in the future.

Be nice to your competitors. They are often the best witnesses to your finest work—and the people most likely to recommend you for new assignments down the road.

Understand that co-workers will come and go, but when a few become true friends and mentors, hold on to them.

Don’t waste your time being jealous of your co-workers’ or industry colleagues’ success. Sometimes you’re ahead, and sometimes you’re behind—but the race is long, and ultimately, it’s only with yourself.

And don’t let your career become a rat race. Because even if you win, you’re still a rat. After 50 years, I've come to believe that while buildings shape skylines, it's the people you build them with who shape your career.”

Finally, be thoughtful about whose advice you accept—but be patient with grizzled veterans like me who are inclined to offer it. Career advice is a form of nostalgia. Giving it is a way of reliving past commercial real estate triumphs and transaction battles through the fog of time—recycling those memories, painting over the rough edges, and appreciating them for all they're worth.

08/17/2026

Summer Reflections from 50 Years in Commercial Real Estate – “Don't just participate in the industry…use your position in the industry to change what good performance means.”
As an "industry elder" reflecting on a 50-year journey in Canada's commercial real estate business, I always enjoy meeting university students interested in real estate, as well as young professionals beginning or evolving their careers.
My career philosophy has always centered around the concept that commercial real estate leadership should be measured not only by financial rewards and performance, but also by the social, arts, cultural, and environmental value a professional creates.
If I could offer a little advice today, to these young professionals it would be this:
• Choose your employers deliberately and carefully. Before “raising your corporate job flag” at ABC Corp, investigate what a company does locally, not just what appears in its corporate-responsibility materials.
• Look for evidence, not branding. Does the firm foster community investments in local arts and culture partnerships, charitable causes, environmental programs with sustainable-building practices, adaptive reuse, energy efficiency, with measurable outcomes?
• Become an initiator. If a worthwhile social, arts, cultural, and environmental initiatives don't exist, create them and lead rather than waiting for corporate leadership or industry associations to act.
• Connect sustainability to capitalism. High-performance, ecologically intelligent buildings aren't merely altruistic projects. They can reduce operating costs, improve asset value, attract tenants, enhance employee experience, and strengthen long-term returns.
• Think beyond trade organizations. Industry associations can help, but meaningful innovation often comes from individual professionals who decide to push the boundaries of conventional practice.
• Build a personal legacy. Your professional résumé can ultimately demonstrate two parallel forms of performance: what you accomplished economically and what you contributed to the communities and environments in which you worked. The particular compelling proposition here is that social & environmental responsibility and commercial success don't have to be separate objectives. In commercial real estate, the best projects can make the building, the owner, the tenants, the community, and the environment better simultaneously.
As an example, related to my advice noted in this posting; Over my 50-year career in commercial real estate, my legacy will be defined in part by:
• My community service over the past 25 years at the Calgary Drop-in Centre, Canada’s largest emergency shelter assisting unhoused and addicted citizens.
• My work in 2004/5 on the development team as the retail leasing lead at the Bison Courtyard on Bear Street in Banff, Alberta. This mixed-use, high-performance LEED Gold Standard green building is a blend of retail, residential and restaurant space. An innovative Tripple Bottom Line lease was created for this project. The document was the first of its kind and includes among other unique features, an incentive program where commercial tenants can earn rental rebates by implementing initiatives that reduce environmental impact, improve environmental performance, or contribute to the social fabric of the community.
• My current service as a volunteer Board member at cSPACE Projects Inc. a social purpose enterprise celebrating its 15th anniversary in 2026 that is dedicated to supporting communities of artists, non-profits, and entrepreneurs working at the creative edge of change. cSPACE Projects develops creative places that activate people and ideas to ignite collaboration and community-led innovation. Currently cSPACE has a 145,000 square foot portfolio of creative arts & culture spaces in Calgary, Alberta.
In other words: “don't just participate in the industry…use your position in the industry to change what good performance means.” Start early, your career in commercial real estate will be long. What will your legacy be? Remember, your résumé and those of your generation will be evaluated on the merits of your professional performance in conjunction with your individual social and environmental innovations, contributions, and stewardship. Don’t let me down…
Finally, be thoughtful about whose advice you accept—but be patient with grizzled veterans like me who are inclined to offer it. Career advice is a form of nostalgia. Giving it is a way of reliving past commercial real estate triumphs and transaction battles through the fog of time—recycling those memories, painting over the rough edges, and appreciating them for all they're worth.
After 50 years, I've come to believe that while buildings shape skylines, it's the people you build them with who shape your career.”

08/11/2026

Summer Reflections from 50 Years in Commercial Real Estate – Be a leader or get out of the way

As an "industry elder" reflecting on a 50-year journey in Canada's commercial real estate business, I always enjoy meeting university students interested in real estate, as well as young professionals beginning or evolving their careers.

If I could offer a little advice today, to these young professionals it would be this:

“Don’t worry about the future or be afraid of taking chances on your career moves. Work across the various disciplines in the commercial real estate industry, change firms, change your title, change your city, province, country, or your tie if you wear one at all. The real troubles in your life are apt to be things that never crossed your worried mind like some bad guy’s flying airliners into the office complex you manage on any given day.

Work in Toronto once but leave before it makes you hard, work in Vancouver once but leave before it makes you soft. If you live and work in Alberta, well, you truly are blessed. Work internationally, your skills are transferable everywhere. Canadians are well regarded in commercial real estate circles globally and some of the finest shopping centres and commercial real estate development projects on the planet have been designed, developed, constructed, leased, managed, or marketed by Canucks. Canadians are to the commercial real estate industry what the Swiss are to watches, the French are to fine wines, or the Germans are to fine cars. The world needs more Canada, seize the day!

Do one thing every day that challenges your employer and colleagues to generate new ideas, improve performance, to have a social conscience, that will make you stand out among the crowd. Be a leader or get out of the way!”

Finally, be thoughtful about whose advice you accept—but be patient with grizzled veterans like me who are inclined to offer it. Career advice is a form of nostalgia. Giving it is a way of reliving past commercial real estate triumphs and transaction battles through the fog of time—recycling those memories, painting over the rough edges, and appreciating them for all they're worth.

After 50 years, I've come to believe that while buildings shape skylines, it's the people you build them with who shape your career.”

Fairfield Commercial Real Estate Inc.

10/07/2026

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10/01/2026

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08/31/2026

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08/11/2026

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