The industrial real estate market of Calgary was reported to have experienced a slowdown in activity with increasing vacancy rates and decreasing lease rates. However, the CB Richard Ellis Ltd commercial real estate firm reported that demand for real estate space is expected to go up by next quarter. The report said the Calgary market is starting to show some goof sublease and purchase opportunities and prospective tenants and buyers are beginning to take advantage of these opportunities thereby increase the number of real estate activities in the area.

The price of real estate in the area is however expected to still experience some price declines and is expected to continue…

Commercial real estate is still feeling the pinch of the real estate crisis and the recession and the latest casualty is General Growth Properties. The company, which owns the Fashion Show Mall in Las Vegas, is the second largest mall owner and its downfall will have a big impact in the industry. General Growth Properties owns 200 other shopping centers in the country which comprise about 200 million square feet and 24,000 tenants.

The General Growth Properties is not only a big company in Chicago but is a big player in the real estate and retail industry in Las Vegas. While the bankruptcy filing could result to loss of investments for…

You would expect people to be glad about new real estate investments in their neighborhood but this is definitely not the case in Rowland where residents have taken to the streets to protest the construction of a 775-unit apartment complex. At least 75 protestors demonstrated near the site of the 15.5-acre proposed development in Brea Canyon Cutoff which is at present the home of the Southlands Church International and the Southlands Christian School. Apparently, the protestors are parents and employees of the affected institutions.

The real estate development, which will build one and two-bedroom apartments as well as large townhome style units, is being proposed by Trammell Crow Residential. The new…