Kastel Holdings has acquired Edmonton’s Empire Building, a vintage 11-storey office tower in the city’s downtown core. The 108,800-square-foot building, built in 1962, will continue to house offices and main-floor retail, the company's president said.
Major real estate data surveys are reporting mixed signals for the Canadian office sector in Q1 2024, with positive net absorption but a higher vacancy rate (18.4 per cent) nationwide led by upticks in both Toronto and Vancouver.
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