Agreement for Sale vs Vendor Takeback: which is really better?

With commercial mortgage rates at historic lows and good availability of funds, we don’t find occasion where these alternative finance options are often used.

There are however times when an alternative strategy is required for the buyer to fund the deal.

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Federal election implications for CRE

It seems like just yesterday that Justin Trudeau shocked Westerners with a decisive victory in the 2015 federal election.

However, it’s been a brisk four years and now everyone’s hitched back up on the old campaign trail.

As is the season, all parties are setting their plans forward for Canadians should they get a chance to lead.

I may have to read between the lines a little, but is there anything in these election promises for the commercial real estate industry?

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How does MY option to renew work?

It was represented to you that you have an option to renew.

There is a specific clause in your lease that spells out details of that option to renew.

However, can that clause effectively achieve what you intend it to?

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I want the advisors I engage to challenge me

I started writing my blog to increase my social media footprint. While it has helped, it’s no longer my purpose.

Rather, I now enjoy expressing my thoughts on issues that pop up in my week. It’s usually something that has happened that inspires me to write about a topic…here’s what’s on my mind.

I want to work with a professional, whether it may be financial, medical or technical, that’s prepared to, at times, tell me what I need to hear.

If I am working with an individual or firm that is always selling me and/or agreeing with my line of thinking, I’m inclined to move on.

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Are government employees sicker than the rest of us?

Too sick for work can be a subjective term.

I must admit I’ve pushed the limits and found myself exiled from the office on more than one occasion for coming to work when I should legitimately be at home.

I would say my average yearly sick days would even out around 3 or 4 maybe.

Which puts me well below recent statistics that say government employees are averaging in at 12.2 days lost per year.

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More than just a place to rest your head

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 lodging.

To say we’ve advanced past seeking a place to lay our head, however, is understatement.

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Midtown Common erases all signs of Sears

“I think we’re eating in linens right now,” I said casually to my mom recently.

We were taking in the tastes offered by Midtown Common, the new Midtown Plaza food court located in the Sears vacancy.

Any semblance of the historic retailer, however, has all but disappeared.

The shopping space has been replaced with exposed concrete and a modern look.

Basically everything Sears wasn’t.

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Do I have a deal for you

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.

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Maintaining a safe social place of community within a city core

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.

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