Challenges with Mid-Market, Class B & C Properties in Alberta

By Bryan Slauko, CFA, Managing Director, Base10 Capital Advisors

We frequently read and hear from market participants that demand from investors and lenders is strong for Class A, investment grade assets in strong locations. We don’t hear much about the mid-market office, retail and industrial properties that make up a significant portion of the commercial real estate market. From our perspective here in Calgary, these properties are facing significant challenges related to operating cash flows, valuation and capital structure. Continue reading »

Commercial Real Estate Lenders, Real Estate Development Articles

May 102010

Stress Testing Development and Construction Loans By Bryan Slauko, CFA, Managing Director, Base10 Capital Advisors In today’s market, the most vulnerable sectors that lenders may be exposed to include commercial loans tied to residential land acquisition and development, residential and commercial condominium development and construction, and recreational property development and construction.

Commercial Real Estate Lenders, Real Estate Development Articles

Jan 252010

Real Estate’s Investment Personality By Art McIlwain, President, Gleneden Property Service Corporation A world leader in real estate performance analysis reports an $8 billion dollar, 8.5% loss in the unleveraged capital value of its now $93 billion dollar 2,500 property Canadian index for the 12 months ended Sept 30

Commercial Real Estate Lenders, Real Estate Development Articles

Jan 192010

Commercial Mortgage Spread Commentary By Chris Brossard, President & David Nygren, Asset Manager Canadian Mortgage Loan Services Limited December 2009 Commercial and Multifamily Mortgage Spreads Continue to Fall Commercial mortgage lending spreads continued their trend again this quarter falling by some 25 to 30 basis points. Whole loan spread reductions have lagged the reduction in [...] Continue Reading

Three key numbers to remember for 2009 and three key numbers to watch for in 2010

Real Estate Development Articles, Toronto Developers & Managers

Dec 212009

Iain Dobson’s Quick Facts — Thoughts on the Toronto Office Market 2009 – 278,000 sq. ft. growth in Financial Services. The Financial Services Sector grew in 2009 in the Financial Core by a quarter of a million sq ft. Toronto may be the only financial services centre in the world which experienced office space growth. [...] Continue Reading

Proposed Changes to Ontario's Brownfields Regulation | Featured Article

Real Estate Development Articles

Dec 212009

Anticipated amendments to Ontario Regulation 153/04 (the Records of Site Condition Regulation, or the “Regulation”) may have a dramatic impact on owners of contaminated property in Ontario and on their ability to redevelop their properties… Read the full article by Harry Dahme, Senior Partner, Environmental Law Group, Gowlings