Calgary-based real estate company Enright Capital Ltd. has purchased a 271,000-square-foot, 25-storey class-B office building in downtown Calgary - its fifth office purchase in the city during the past 15 months.
What happens when a commercial tenant has the option to purchase the property it is leasing but the parties cannot agree on value? The simple answer is to do what the lease says - or risk losing a very valuable asset.
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