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Lambton Mall is a shopping mall located in Sarnia, Ontario, Canada, owned by Chicago real estate company Cushman and Wakefield. It opened in 1971 and, through several expansions, has grown to encompass over 580,000 square feet of retail space. [1]
Sarnia Eaton Centre (later Bayside Centre), Sarnia: This mall opened in 1982 but suffered from stiff competition from the existing suburban Lambton Mall. The original landlord Cadillac Fairview sold the property in 1996, while Eaton's departed in 1997—5 years short of its intended 20-year lease—followed by the closing of the A&P supermarket ...
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
The name "Cadillac Fairview" came into existence in 1974 as a result of the merger between Cadillac Development Corporation Ltd and Fairview Corporation. [4] Cadillac Development Corporation was founded by partners Ephraim Diamond (d. 2008), Joseph Berman (1922–2003), and Jack Kamin in Toronto in 1953 as a developer of high-rise apartment buildings.
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
Sarnia is a city in Lambton County, Ontario, Canada.It had a 2021 population of 72,047, [2] and is the largest city on Lake Huron.Sarnia is located on the eastern bank of the junction between the Upper and Lower Great Lakes, where Lake Huron flows into the St. Clair River in the Southwestern Ontario region, which forms the Canada–United States border, directly across from Port Huron, Michigan.
Net Effective Rent, sometimes Net Effective Rate, or NER for short, is a measure of the expected income from a tenant, seen mostly in commercial real estate. It is the net present value of all the rental payments over the period of the lease, as well as any abatements or incentives that might add to or lower these payments. An example of a ...
In the 2016 Census of Population, the RM of Sarnia No. 221 recorded a population of 322 living in 131 of its 255 total private dwellings, a 21.1% change from its 2011 population of 266. With a land area of 870.73 km 2 (336.19 sq mi), it had a population density of 0.4/km 2 (1.0/sq mi) in 2016.