Advice from the business trenches

The North Saskatoon Business Association (NSBA) hosts an annual event called Lesson’s I’ve Learned wherein they invite local business leaders to share their journeys.

There are takeaways every time I attend.

Sometimes the ones that resonate the most with me come from unlikely folks.

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How to de-risk your spec CRE build

As a brokerage, we track existing and new developments in each commercial sector and thereafter advise clients when and what to build.

For this discussion I’m going to focus on the Saskatoon industrial market.

As a brokerage, we track existing and new developments in each commercial sector and thereafter advise clients when and what to build.

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Evolving conversation on open office

It’s interesting how business philosophies can evolve.

When I joined ICR 25 years ago, everyone had individual offices.  You rarely saw a closed door but each of us had our own space.

Our company culture has always been open and collaborative.

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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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4 Reasons to engage a chess player to guide your CRE strategy

We navigate an increasingly complex industry.

When I engage a professional, I expect them to listen to my requirements and establish a strategy to fulfill those requirements and needs.

That could mean preparing me for potentially different outcomes and/or establishing a strategy that results in exceeding my expectations.

Much like the game of chess, strategy plays a huge factor in my odds of success.

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Your space is a reflection of your business

Have you ever entered a business that turned you off so quickly that you couldn’t wait to exit?

This happens all too often in the retail and service industry.

What message is your space presenting to potential clientele?

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Saskatoon’s commercial real estate markets demonstrate resiliency

We’ve just released our 2Q21 market surveys and all three sectors are reporting a reduction in vacancy.

Remarkable statistics considering the economic storm we’ve been passing through!

It appears that our resource rich economy is only going to continue to improve with the recent upcycle in commodity markets.

International demand for food, fertilizer and fuel have turned the corner after a slow 2020.

Let’s take a look at each sector individually.

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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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