The progress of online shopping has been amazing and now represents close to 10% of the overall purchases made in many parts of Canada. But the growth in e-commerce hasn’t turned out to be the threat everyone expected for brick-and-mortar retail. Consumers continue shopping in physical stores and enjoying the engagement that brick-and-mortar retail provides, …
ReDev Properties Ltd. is a Canadian commercial real estate asset manager. Since 2001, ReDev Properties has purchased and managed over 30 commercial real estate properties in Canada. ReDev understands the key to any successful commercial real estate project is location and expert asset management. ReDev Properties carefully and diligently locates existing commercial real estate properties …
Since 2014, retail rents in Manhattan have fallen as low as 30%, according to a report from brokerage CBRE. This is just one more sign showing the New York retail market is in trouble. While Manhattan struggles, Edmonton has seen the opposite happen with retail real estate. Last year was the best year for retail …
Retail in Edmonton has remained strong, even through recent economic fluctuations. The following four factors show new growth happening, which should encourage retail investors, and create new opportunities. Find out what’s happening, where the changes are happening, and consider how it may help open up new doors for you as an investor, or bolster returns …
Richard Crenian, President of ReDev Properties Ltd., is pleased to announce the closing of the sale of Whitemud Crossing located at 4211 106th Street, Edmonton Alberta. A national real estate brokerage firm was used as the broker for the vendor. Whitemud Crossing, purchased in 2005, has over 93,300 square feet of rentable retail space in …
In the commercial real estate industry, you’ll likely hear the cap rate brought up in almost every discussion. Cap rate is a way for investors to figure out if the investment is a good or bad choice, and while it is important, it’s not the only thing that needs to be considered when it comes …
Willingness on the part of buyers to pay high values for real estate assets coupled with investors excited in the development opportunity of new constructions are two extremely positive points. Consider also the continued resurgence of Edmonton’s downtown area. Developers remain upbeat about their prospects for major commercial projects downtown, such as the Edmonton Arena …
To attract investors, I think you have to have an understanding of how an investor thinks. As asset managers, we look at properties that aren’t maximizing their income potential and work to increase their value. Investors, much like asset managers, want to know how to get as much return out of an investment as possible. …
“We are very proud that our experience in acquiring quality assets in good locations, as well as our commitment to adding value to our assets has been recognized with the achievement of new mortgages,” said ReDev Founder and President Richard Crenian. “Refinancing our mortgages are the logical next steps for these properties, allowing us to …
This past weekend, Richard Crenian, president of ReDev Properties Ltd. participated in the 12th Annual Scotiabank Pro-Am Hockey tournament for Alzheimer’s in support of Baycrest. “I’m a big fan of hockey,” says Richard Crenian. “But I’m also passionate about using a sport to bring the community together to support an important cause, such as funding …