The modern hotel concept sprung up in Europe around 1768.
Before hotels, travelers pitted in at coaching inns which
tended to the needs of the traveller and their livestock.
Travel was considerably less common due to restriction of
time and distance prior to the proliferation of the railway system.
But with advances in travel came the need for short term
To say we’ve advanced past seeking a place to lay our head,
however, is understatement.
Inspired after watching a TEDx video this spring by Chris Bailey, I was determined to unplug during my summer vacation.
Here’s my experience after just having returned from that time away.
There are many real estate investors who wish they’d just
got into a market before a boom.
Appreciation of real estate investments has made many people
wealthy over time.
For those willing to take the risk, the reward can be real.
The vibrancy of a city’s core creates the fabric of the
community. A safe downtown gathering place provides an ambiance that
reverberates throughout the city.
Who decides the definition of “safe”?
It’s a subjective word that may have different meaning to different people. I have my own translation and believe that “safe” is achievable.
A focus on deal timelines are a necessary evil in our
commercial real estate world.
They are the thread that binds conditional lease and sale
But what happens when issues arise beyond your control that
negate those agreed upon timelines?
speaking, it depends on where you live on this earth.
Globally there are
still approximately 2.7 billion women restricted from doing the same jobs as
But that’s not
necessarily true in North America, right?
Okay, how about this
more relatable fact: only 5 per cent of the Fortune 500 companies have female
When we look at the
general workforce, approximately 63 per cent of women (aged 25-54) participate
in the labour market; that compares to 94 per cent of men in the same age category.
The statistic doesn’t
tell us where those 37 per cent of women are or why they aren’t participating
but it certainly highlights the imbalance between genders.
So it’s agreed, there
is still some work to do.
We were recently called in to value and market a single
tenant property with an existing lease in place. The tenant had been granted an
option to renew during their last renewal negotiation.
I informed the owner that we would have been able to achieve
a higher price if we were able to go to the market as a vacant property.
Oh sure, everyone has ideas about how to get a space leased
But when is the last time someone made a list about how not
to get a space filled?
Wait no more, landlords, I have a list as such for you.
There are important elements to consider when reviewing a business with the intent to purchase.
Taking the time complete a thorough investigation is critical to discover the hidden facts.
As I looked into the eyes of a classroom of entrepreneurs
last week I wondered what wisdom I could impart.
My first thought was, good on you. You’ve found a passion
and you want to share it with the world!
My secondary thought was, awesome, here comes a commercial
real estate agent ready to deflate all your hopes and dreams.
But I have heard this comment before, so let’s get it out in
the open and have a chat about it.