Industry E-News Update for January 19, 2012
Canadian Commercial Real Estate Forecast
Avison Young has recently released 2012 Canada, U.S. Forecast, outlining the office and industrial industry forecasts for 2012. Canada is expected to maintain its stability into 2012, following the strong year in 2011. Click here to find out more about the 2012 forecast.
Dundee and Whiterock REIT’s Enter Into Transaction Agreement
Dundee REIT and Whiterock REIT have recently announced they have entered into an agreement for Dundee to acquire the outstanding units of Whiterock REIT. Dundee will offer to purchase each Whiterock unit for either $16.25 in cash, or 0.4729 Dundee REIT units. To find out more about the recent transaction agreement,
click here.
REALPac Appoints New CEO
REALpac recently announced the appointment of a new Chief Executive Officer to replace Michael Brooks, who has decided to return to his law firm full time. Incoming CEO, Mr. Paul Morse, will assume his responsibilities on March 5th, 2012. Click here to find out more about REALpac's new CEO.
Royal Bank Plaza and Oxford Properties Honoured in Race to Reduce Challenge
Royal Bank Plaza was given LEED EB Gold certification, Canada’s first LEED EB bank tower complex, in January 2010. Most recently, the 2.1 million square foot AAA office property was recognized as a gold award winner in the inaugural Race to Reduce Challenge, sponsored by CivicActrion’s Greening Greater Toronto Area. Oxford Properties, owner of the Royal Bank Plaza, also won a Race to Reduce award in the Action and Innovation category. to learn more about Oxford Properties and the Race to Reduce challenge, click here.
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