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RioCan Real Estate Investment Trust Realizes Density Value on Sales of Air Rights at The Well™ .
RioCan Real Estate Investment TrustDecember 23, 2020 GMT
TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the completion of the sales of a portion of the air rights at The Well™ in Toronto and 5th & THIRD™ in Calgary. Combined, RioCan realized density value totalling approximately $45.4 million at RioCan’s interest for the development of multi-residential condominium and rental buildings that will provide complimentary residential to the commercial components of RioCan’s mixed-used developments.
san francisco votes have rejected a measure that could have impacted airbnb by limiting short-term home and apartment rentals. joining me now to talk about this more, cnbc s olivia sterns. voters in san francisco rejected proposition f, the so-called airbnb initiative. the measure would have put limits on short-term housing rental in these start-up s hometown. would have been a very symbolic precedent for airbnb. a former clinton aide, now director of global policy at airbnb put o you the a statement calling it a win for the middle class. he wrote, tonight voters stood up for middle class families right to share their homes and imposed an extreme hotel-backed industry measure. this is a victory for the middle