Downtown Premier Firm Meets Uptown Real Estate Veterans To Form Ashlar Crosby
Cairo Realty Inc.

TORONTO, April 14 /CNW/ - Craig Smith, President of Ashlar Urban Realty is pleased to welcome Glenn Crosby and Vincent S. Cairo to the Ashlar banner.

Crosby and Cairo, the preeminent Land and Facilities Brokers with a focus on Ontario's York and surrounding regions were formerly with a large prominent commercial real estate firm. They have now joined the Ashlar team to create a north office firm operating as Ashlar Crosby Cairo Realty Inc.

"The Ashlar team is a growing force in Toronto which provides clients with an intimate knowledge of the downtown core market," said Craig Smith. "The addition of Crosby and Cairo with their expertise in the York Region greatly enhances our service capability. They are distinguished experts in the commercial real estate industry. Their decision to join Ashlar is an important endorsement of what this entrepreneurial firm has accomplished over the past decade and will be a key factor in meeting the goals we have set for growth in the future."

In June 2009 Ashlar Urban became of member of NAI Global, the world's largest managed network of real estate service providers comprising 5,000 brokers in 325 offices serving in 55 countries throughout the world.

"We are excited about the opportunity to connect with both an exceptional regional player who also plays in the international field on NAI's powerful global network", stated Vince Cairo, Principal of Ashlar Crosby Cairo. "Our new affiliation with Ashlar allows us to retain our independence yet gives us a local brand and a global delivery system through the membership with NAI Global."

Glenn Crosby and Vincent Cairo have fifty-five years of combined commercial real estate experience. The Crosby Cairo team reported a banner year in 2009 despite the economic challenges with transactions totaling well over $100 million including the Becket Farm, 204 Acres in Unionville ($100 Million Sale).

"We decided not to participate in the recession." said Glenn Crosby, President of Ashlar Crosby Cairo. "Our transactions were all innovative. There's nothing traditional about the way we get deals done which speaks to the fact that we are experienced real estate professionals who are comfortable in changing economic climates."

With the opportunity to move forward from one of the larger commercial real estate brands and build new, Crosby says they are not looking to reinvent themselves but rather are going back to basics.

"When Vince and I first began our discussions with Craig Smith we knew we were aligned in our thinking and of the same philosophy: entrepreneurial culture with a unified team who comes to the table on each and every assignment to provide innovative real estate solutions for their clients. Additionally, we have a proven platform to assist clients and investors locally, nationally and around the world through NAI's managed network. That is precisely the foundation we want to build on for Ashlar Crosby Cairo Realty."

Ashlar Urban is a full service real estate firm located in Toronto, Ontario and the Toronto area representative for NAI Global, the world's largest managed network of real estate service-providers comprising 5,000 brokers in 325 offices serving in 55 countries throughout the world. Ashlar Urban's professionals represent clients in all aspects of commercial real estate including multi-site acquisitions and dispositions, sublease, tenant/landlord representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.ashlarurban.com or call 416 205 9222.

For further information: Stacey Funk, Media Contact, [phone]; Glenn Crosby, President of Ashlar Crosby Cairo Realty Inc. at [phone] or Craig Smith, President, Ashlar Urban Realty Inc. at [phone]