richard crenian

What Went Wrong in Equifax? As a consumer, you know all about credit checks – they’re required for just about anything, from applying for a phone line, taking out a loan, financing a car, applying for a mortgage, and such. Companies like Equifax do the credit checks; as a consumer credit reporting agency, they collect your personal information to determine your credit rating and in effect, if you qualify. On July 29th, Equifax learned about a massive security breach, resulting in thousands of Canadians’ personal…Continue Reading “How the Equifax Hack Affects Commercial Real Estate in Canada”

richard crenian

When it comes to the commercial real estate market in Canada, Richard Crenian states that now is the best time to be getting a piece of the action. But just because the market is “booming” doesn’t mean you can’t make mistakes. Like any big investment, buying commercial real estate property takes a lot of careful consideration and knowing the industry. Here are some tips from real estate expert Richard Crenian for succeeding in the market: Expert Tips for Success in Commercial Real Estate Focus on…Continue Reading “Richard Crenian on Success in Commercial Real Estate Investing”

richard crenian

In just a month, three huge natural disasters struck the US and much of the Carribbean, even impacting Mexico. With large damage on personal and public properties, it’s no secret that these damages are taking a toll on the real estate market, leaving investors to wonder about their financial future.   Record-Setting Disasters Hurricane Harvey hitting Houston, TX was the first big one in the US in 2017. It is believed to have set a new record for damage costs. Estimated to be well into…Continue Reading “How Record-Setting Natural Disasters Affect Real Estate Investment”

Richard Crenian, President of ReDev Properties Ltd., is pleased to announce the unconditional agreement to sell Daly Grove Centre located at 4205-4259 23rd Avenue, Edmonton, Alberta, Canada. CBRE, Edmonton was engaged as the broker for the vendor. Daly Grove Centre, purchased in 2007 has over 33,000 square feet of rentable retail and office space in Edmonton’sresidential and family-friendly Mill Woods area. The property is currently fully leased with a dynamic mix of local and national tenants, ranging from medical care facilities to convenience food stores. “Daly Grove Centre has been…Continue Reading “Richard Crenian of ReDev Announces: Unconditional Sale of Daly Grove Centre, Edmonton Alberta”

richard crenian

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. Whitemud Crossing Purchased in 2005 Over 93,300 square feet of retail space in one of Edmonton’s major areas  The property is currently fully leased with an excellent mixture of local and national tenants. “I am very pleased we have sold the shopping centre and achieved value for ReDev and our partners,” said ReDev Properties Founder and President Richard Crenian. “We believe in the Alberta market and will continue…Continue Reading “Richard Crenian Announces: Closing of Whitemud Crossing”

Richard Crenian

Richard Crenian’s advice: Planning ahead can save you alot trouble after you have signed a lease or rental contract. Remember a TV show, that focused on the opening of a special vault in a Chicago hotel owned by gangster Al Capone? And despite all the build-up and hype, nothing was found in that vault! While TV fans thrive on the suspense, the commercial real estate world does not. In commercial real estate, we try to avoid surprises, because they can result in unexpected costs. Many experts…Continue Reading “Richard Crenian’s Tips: Avoid the Unexpected With Good Planning”

While Manhattan struggles, Edmonton has seen the opposite happen with retail real estate. Last year was the best year for retail in Edmonton since 2013 and it seems to be continuing in 2017. Some downtown development plans have come back to life due to the strength of retail in Edmonton. Since 2014, retail rents in Manhattan have fallen as much as 30%, according to a report from brokerage CBRE. This is just one more sign showing the New York retail market is in trouble. Rents…Continue Reading “Manhattan Retail Struggles, While Edmonton Retail Rises”

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 on Edmonton retail properties you already have in your portfolio. Oil Prices Remaining Stable Oil prices are expected to remain stable and may even go up a bit, which is…Continue Reading “Why Retail Investors Should Be Encouraged by the Edmonton Economy?”

Direct capitalization is a great process in a stable marketplace; however, it fails to reflect changes in market conditions, and it does not take into account for any financial leverage benefits or any income changes. Cap rate is a way for investors in the commercial real estate to figure out if the investment is a good choice or a bad choice. While the cap rate is important, it should not be the only consideration when it comes to making an investment choice. In order to…Continue Reading “The Time Value of Money”

Richard Crenian

Murmurs that the hot Canadian real estate market is heading for a correction have been stirring around media sources for a while now.  But, despite all the background noise, the real estate market, both residential and commercial, in major Canadian hubs like Toronto, Vancouver and Calgary remains fairly bustling, with positive valuations and strong demand.  Of course, this is not to say that the Canadian real estate market will continually enjoy high values, nor does it mean that the cyclical nature of real estate has…Continue Reading “Another Unique Milestone for the Edmonton Market”