Timbercreek Financial Corp. has moved to place Stephen Avenue Place, a 40-storey office tower in downtown Calgary, under receivership for the second time in two years.
Calgary office tower falls into receivership again
Court appoints MNP to take custody of, manage struggling Stephen Avenue Place office complex
CoStar News
October 22, 2025 | 8:33 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Stephen Avenue Place
700 2 St, Calgary, AB
- Companies
- Timbercreek Capital Inc
Real Estate
- Slate Asset Management
Real Estate
- Contacts
- Blair Tamblyn
Chief Executive Officer, Timbercreek Capital Inc