I have a pretty wide range of expertise as a commercial real estate professional.
I’m not an engineer, electrician, or city planner, but I need to understand some working knowledge in all these areas (and others) to properly advise my clients.
An issue that comes up pretty regularly in our world is dealing with easements and encroachments on properties.
It feels like 2020 has been the longest year on record for everyone.
Things are hardly back to normal by any standard, but it has been encouraging to see the buzz of back to school shoppers and the community embracing dining out again.
As we enter the last quarter of the year, it’s important to remember that there are some industries stuck in limbo, such as any facility that hosts crowds.
What does the future hold for entertainment venues?
Therefore, salespeople could be considered artists. Here’s an example of what I mean.
With a total of seven partners within our brokerage division, we have a bit different business model at ICR. Our new licensed associates are mentored collectively by the partnership.
When they’re seeking solutions for an assignment, an apprentice is encouraged to request input from a few partners.
We then suggest they take that input and craft a solution that they can call their own.
It’s kind of like art and it’s an empowering process!
It’s interesting how we can all have a different strategy to move to the next step.
We had a pretty typical summer in Saskatchewan this year amid atypical times.
We got just enough heat in July to start complaining about it and a few outdoor pools opened despite the pandemic.
When I was a kid, waterslides were the staple of a good time for summer fun.
Those seem reserved for hotels now as outdoor waterslide parks seem to have gone the way of the dinosaur, but why?
Price slashing. Mark downs. Lower prices. Discounted goods.
The word discount conjures up a variety of value for many consumers.
Discount is a deduction from the usual cost of something.
The irony of that rationale is by who’s standard is the cost of something?
What’s my definition of a digital detox? To me it means no screen time.
Screens include my computers, laptop, smart phone and televisions. I happened to grow up before the video game craze so that one’s not on my list.
Studies show that much of society today is addicted to digital. I could very well be included in that group!
I’ve experimented with withdrawing from use of electronics for a day in the past; I decided to make it a once a week, permanent habit early this year.
I’ve not been shy about my love affair with the traditional interior mall as a retail institution.
While skeptics have been predicting their inevitable death, the interior mall seems to
innovate and survive in spite of its critics.
But could the disruption of the Covid-19 pandemic finally have done them in?
The dialogue is starting around this latest experiment in the office sector.
We’ve seen other experiments in recent years such as the open office concept and co-working concept. COVID-19 has accelerated a work-from-home (WFH) trial that might otherwise have taken years to duplicate.
Will WFH emerge as the disruptor that some are suggesting?
Will organizations be able to maintain culture within, while the experiment is underway?
Fair is a pretty relative term in the commercial real estate universe.
It depends entirely on which side of the transaction you are as to what your perception of fair may be.
In regard to commercial leasing, does fair apply to the landlord or tenant?
If you’ve purchased a commercial or residential condo, you would have encountered an estoppel certificate.
There are many reasons for obtaining a condominium estoppel. They provide insight into the project reserve fund, illustrate if there are any unpaid contributions or arrears and determine if its bylaws and policies are in good standing.
Estoppels are just one of
many due diligence items I encourage buyers to ask for.
The information I’m discussing here is applicable only to single and multi-tenant investments (excluding multi-family rentals).
Let’s look at the importance of obtaining estoppel certificate(s) during your investigation of an investment property.