Industry E-News Update for January 5, 2012
National Office Vacancy Rates Decline in 2011
Canada’s office vacancy rates exhibited a positive trend in 2011, with the majority of the major markets in the country posting declines. The recent report from Cushman & Wakefield outlining these trends suggests Canada had a strong year in the commercial real estate sector. Click here to find out more about the national office vacancy rates.
Construction to Start on Eighth Avenue Place
Construction to Start on Eighth Avenue PlaceThe second tower of Eighth Avenue Place in Calgary is expected to begin construction, with completion of the tower scheduled for occupancy in the spring of 2014. The first of the two towers was completed in early 2011. To learn more about the start of construction on Eighth Avenue Place,
click here.
Skyline International Acquires Historic Cleveland Mall and Hotel
Skyline International Development Inc., a Toronto-based company has recently acquired the oldest shopping mall in America, the Cleveland Arcade. The mall, built in 1890, is the first U.S acquisition for Skyline. Click here to find out more about Skyline's first U.S. acquisition
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