Slow but steady road towards sales proceeds

Patience is a virtue for multi-tenant investment sales final adjustments

All parties to a sale (brokers, property managers, buyers, sellers, and lawyers) must be prepared for the process necessary to calculate occupancy cost adjustments at sale closing.

If you’re selling multi-tenant commercial real estate, the final statement of adjustments that your lawyer provides could take a couple of months to complete.

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Face Your Fear and Do It!

That was advice I received from a client many years ago when I was considering investing in my first commercial real estate property.

I took his advice, partnered with a colleague, bought the apartment building, and had no regrets.

It was the right message, delivered at the right time and have since repeated that same message to clients when the time was appropriate.

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Seeking: Like-minded commercial condo owners

Condo ownership can be likened to a long-term personal relationship.

This is probably most relevant in residential examples; your home tends to be more sentimental than your work environment.

You spend a lot of time at work. Due to that time investment into your business you want to do everything to ensure a property will serve you for the long run.

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Gap narrowing between CRE financing and returns

The markets are pricing in five, quarter point interest rate increases in 2022 which will result in commercial mortgage rates ranging between 4 to over 5 per cent.

What will be the consequences of this increase to the commercial real estate investment market?

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Best practices for negotiating Commercial Real Estate

There are many working parts in offering to purchase or lease a commercial real estate property.

Determining the strategy you will employ in a negotiation, however, can have a big bearing on the outcome.

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Good news stories during pandemic

I can’t handle reading any more news on how the pandemic has decimated the economy.

If you know my background, you aren’t surprised that I have a lot opinions about how media is operating these days.

Overstating the obvious isn’t making anything better, I liken it to reporting on the umpteenth snowstorm this winter.

So I am on a personal mission (at least this week) to report only on the uplifting stories despite the pandemic!

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Why you should sell your Commercial Real Estate now

There has never been a better time to cash-out of your Saskatchewan industrial and retail commercial real estate.

While there is currently demand from owner occupants for office buildings, that demand however is not the same for multi-tenant office due to typically higher vacancy in that particular asset class.

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Don’t let Tenant insurance fall through the cracks

Insurance is a difficult line item to justify sometimes until you need it.

Do I have enough? Can I actually access it if I need to?

What happens if I just don’t have any?

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Lowest SK industrial vacancy in over a decade

It’s interesting to see the similarity that has been revealed between Regina and Saskatoon through ICR’s latest Market Update.

The difference in vacancy rates between the two cities, in this sector are less than 10 basis points.

You must go back to 2010 to find similar strength in absorption of vacant industrial property.

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Hard to place CRE tenants

Commercial real estate landlords, regardless of their vacancy, don’t have to be excited to rent to just anybody.

Sophisticated landlords can get downright picky.

This isn’t necessarily a reflection of discrimination towards any type of tenant, however.

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