The Reincarnation of our Dying Malls
After months, or rather years, of doom and gloom for the derelict malls that encompass huge swaths of land in our urban epicenters, a pathway has presented itself for the landowners of these properties. One solution to the woes of these Class B and C malls is their conversion into warehouse space for the ever growing and expanding E-Commerce market.
The Tsuut'ina Nation Development Strives for Longevity
The Calgary Ring Road Agreement created opportunity for the Tsuut'ina First Nation to formulate a partnership that would bring about success, prosperity and longevity to their future generations. The fortunate developer of choice in what is now one of the largest first nation developments in Canada? Canderel.
The New Office Model - Ya'll Ready For This?
So I recently learned about a new office space phenomenon that's truly taking over the world - collaborative, shared spaces that allow for community, innovation and services - no matter the size of your company or aspirations, all while on a membership basis. In particular, one company called WeWork is leading the pack in this exponentially growing niche.
Stress-Tests & Rate Hikes & Regulations.... Oh My!
There is a shift happening in the residential and lending markets across Canada. The combination of declining market values, decreased liquidity, rate increases and a new stress-testing model have created uncertainty in the future of our mortgage market as it stands.
Warehousing is Reaching New Heights in North America
As urban cities continue to grow in population and expense, and the availability of warehousing space continues to diminish, developers are being forced to look at alternative options to counter increasing industrial land prices and lease rates. The solution: build upwards, not outwards.
The Edmonton ICE District has Grown into Phase Two
Last week, an Open House was held by the ICE District in order to outline the plan and vision for Phase Two Development of the District to the North of Rogers Place
The Economic Impact of Direct Flights
How much value do you place on the accessibility of a City when you think of its potential for growth and development?
"Imagine What's Possible" - Edmonton Public Library Revitalization Gives Hope
One of the main components that all great metropolitan cities have in common is an inclusive, comprehensive public library to provide knowledge, opportunity and cohesiveness to the community at large. See what the Edmonton Public Library (EPL) and the City have done to reach these goals.
Extreme Makeover: Edmonton Edition
As we near the midway mark of 2017, it's been exciting to see the changes to our Downtown Skyline as existing development projects near completion, while others break ground and continue to mold our core.
Oilers Economics: The Impact of a Playoff Run on the Local Economy
It's no secret to anyone in Edmonton, or across the Country, that the City of Champions once again has a fever that presents itself in the shade of orange.... Orange Crush that is.
"Maple Revolutionaries" - Canada's Pension Fund Giants
Canada's Top 10 Pension Funds collectively manage over $1.1 Trillion and rank as some of the largest in the world. They have created a model for investment management that has become a template and inspiration to public funds on a global scale.
Solar Viability in Alberta
What is the potential for solar power in Alberta and are we ready to make the transition?
The Big Short: Version 2
There is a new bet on Wall Street that is beginning to gain steam. The bearish short against Commercial Mortgage Backed Securities (CMBS), specifically securities backed by loans taken out by shopping mall operators, is being coined as the next Big Short.
Alberta's Major Projects
The Alberta Government hosts a website called majorprojects.alberta.ca that outlines the inventory of all private and public sector projects across the province that are valued at $5 Million and greater. Have a read here to see what's going on in Alberta.
Fibre Optics - What is it and how can it benefit your business?
More and more frequently, especially with more technologically apt Tenants and Purchasers, I am being asked the question, "Does this property have fibre?". I had to look into this to find out what all the fuss was about...
Construction Cost Guidelines
Construction projects are made up of a combination of hard costs and soft costs that must be budgeted with accuracy in order to ensure the success of the project, but what is the difference between these hard and soft costs?
Emerging Trends in Real Estate 2017 - PwC & ULI Report
I'm pleased to provide the Annual PricewaterhouseCoopers (PWC) and Urban Land Institute (ULI) Report on upcoming and emerging trends in the Canadian and American Real Estate markets.
The Reality of the Leduc/Nisku Industrial Market - Are There Really Bargains?
Many clients call us looking for a "deal" in Leduc and Nisku based on what they are hearing about the state of the market, but are there really deals to be had?
Lease vs. Own: Determining The Best Strategy For Your Business
When pursuing the commercial real estate goals for your business, how do you determine whether leasing or purchasing your property aligns with your business strategy?