Farmers’ Market could make a comeback to Riversdale

The City of Saskatoon doesn’t appear to be moving quickly but they are progressing with discussions to reopen a farmers’ market in its previous location.

The announcement came out publicly during this week’s City Council on Monday, August 30th despite negotiation in play since February 2020.

So who is the mystery tenant?

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Every toy (store) has a story

Rumours of the impending demise of the Canadian Toys “R” Us stores has been swirling since their U.S. parent filed bankruptcy in September 2017.

At that time it wasn’t widely understood that the Canadian stores were separate of this filing and, in fact, somewhat profitable along with the other 1,600 stores around the globe.

News of a recent sale of the 81 Canadian stores speaks to the long-term viability of the toy retail franchise.

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Permanent pandemic practices for the good

Saskatchewan has entered step three of our reopening plan and most restrictions from public health orders have been lifted.

But does that mean we should all go back to business as usual?

I think there are a few pandemic measures we could all just continue with.

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Buyer beware of often onerous commercial mortgage process

As a Commercial Real Estate Broker, it’s my job to prepare my clients.

Typically, there is a process they will need to go through to complete a lease or purchase.

The purpose of my focus here is to provide an overview of the steps necessary to mortgage commercial real estate.

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Vacancy does not equate to desperation

It’s easy to get skeptical about leasing commercial real estate with all the media reporting business doom and gloom during the pandemic.

Well I’m here to tell you, not only is their rising hope on the horizon but things aren’t near as dicey as some think.

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Surprisingly little correlation between interest rates and cap cates

Any discussion on cap rates needs to be prefaced with a cautionary note. 

That is, there are many factors that determine capitalization rates on a commercial real estate investment. 

Those factors include but aren’t limited to age and condition of improvements, covenant of tenants, term of leases, location, asset class and the tenant mix.

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Moe’s plan to re-open SK for business

Saskatchewan’s premier Scott Moe is optimistically eying reopening our province (again) to business despite some of our neighbouring provinces tightening down.

As much as I strongly believe safety is a high priority, I also believe salvaging our economy is just as important.

So what does Moe’s re-open plan mean for business?

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Liken your commercial real estate portfolio to a fleet of ships

Have you ever found yourself in a situation where you believed that it was in the best interest of someone you know to plan for change, but failed to convince them of your belief?

Sometimes thoughtfully framed stories can be more impactful than our best efforts to convince.

Let me explain.

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All will be revealed in Regina land sale

Regina City Council was publicly criticized last week for a land sale they engaged in with an undisclosed buyer.

Some of the outcry is from adjacent property owners who may or may not have had use for the land themselves.

But any criticism from the general public about the cloak and dagger secrecy of the sale may not be fair.

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