The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

San Francisco continues to be one of America’s strongest office markets. The San Francisco Bay Area technology boom continues, launching rents higher and pushing vacancy down. Avison Young opened an office in San Francisco in April.
San Francisco continues to be one of America’s strongest office markets. The San Francisco Bay Area technology boom continues, launching rents higher and pushing vacancy down. Avison Young opened an office in San Francisco in April.
(Andrew Zarivny/Getty Images/iStockphoto)

Israel’s top REIT says North America ‘fully priced’

North American real estate is “fully priced” and there are “no more big opportunities,” says Chaim Katzman, the chairman of Gazit-Globe Ltd.

Gazit-Globe, Israel’s largest real estate investment trust, has been trading on the Toronto Stock Exchange since October. The 32-year-old company bills itself as one of the largest owners and operators of supermarket-anchored shopping centres in the world.