richard crenian

While 2018 is projected to be a challenge for those in the commercial real estate, experts in the industry, such as ReDev CEO and founder Richard Crenian note that there is still some sunshine over the horizon. As data collection becomes easier and easier, Crenian and other experts emphasize the importance of comprehensive understanding of likely trend and potential tipping points when it comes to successful long term strategy. Retail is Changing and it’s Starting in Malls One area of risk, notes Crenian, are covered…Continue Reading “Richard Crenian: Expert Tips for Navigating Retail in 2018”

richard crenian

ReDev Properties has just announced it’s plans to launch a commerical construction division. “This was the right time in ReDev Properties’ evolution to become involved in this type of development project,” said ReDev Founder and President Richard Crenian. “I have experience in the development of commercial condos and residential units, and it is clear there is a strong demand for projects like Jacksonport Retail.” After years of success as a commercial real estate manager, ReDev plans to begin construction at Jackson Retail in Calgary shortly after…Continue Reading “Richard Crenian: ReDev Starts the 2018 with a Bang, Announces Major New Venture”

richard crenian

There are few things more unattractive in a community plaza than uncontrolled litter and garbage. While a few wrapping papers drifting in the breeze are unavoidable, unattractive surroundings are likely to be seen as an indicator of underlying problems within the complex. Litter poses a problem both for landlords and existing tenants as it not only will deter potential tenants from renting space int eh plaza, but it also deters potential customers from visiting the plaza. As a landlord, Richard Crenian understands that it’s important that landlords work…Continue Reading “Litter: It’s bad for the Environment and Bad for Your Plaza – Richard Crenian”

richard crenian

Confident in his retail strategy, Richard Crenian, CEO of ReDev Properties is now looking to buy several shopping malls, if possible. In recent months, ReDev has sold a couple of properties and now has capital in its coffers, and Richard Crenian has a strong plan of what to do with it. “We’ve got a 10-year game plan, and our game plan is specifically this; we want to do more development, mainly in the retail sector. I’m just looking for good deals right now,” Richard Crenian…Continue Reading “Richard Crenian: ReDev interested in Shopping Centre Properties”

richard crenian

As of October 30, ReDev Properties Toronto has found a new home for their Toronto offices. Located in the heart of the city, the real estate company’s new address is 2602 – 2 Bloor Street West. The Company’s telephone, fax and emails will all remain the same. In interview prior to the move, Richard Crenian, ReDev Properties Founder and President, commented, “This office relocation is coming at a great time for the company. ReDev continues to grow and prosper, and we want our new office space…Continue Reading “Richard Crenian: ReDev Relocates to Heart of Toronto”

richard crenian

Richard Crenian, President of ReDev Properties Ltd., has announced the approval of mortgage refinancing for three of the companies properties in the first quarter of 2017. Three different mortgage lenders are working with Imperial Square in Guelph, Ontario, Mall 58 in Calgary, Alberta and Parsons Place in Edmonton, Alberta to assure new refinancing terms resulting in increased savings for the company. In comment, Richard Crenian said, “We are very proud that our experience in acquiring quality assets in good locations, as well as our commitment to…Continue Reading “ReDev President Richard Crenian Announces New Mortgage Refinancing for Three Properties”

Richard Crenian

After the frenzy and downfall of Target in Canada, many analysts and consumers have become concerned about the future of retail. As more and more traditional retail giants, like Sears, begin closing down, many people believe we may be seeing the slow death of retail. Richard Crenian, however, believes otherwise. According to Richard Crenian, we’re not seeing the death of retail, we’re simply seeing changes to the retail landscape. Retail Isn’t Going Anywhere While many Canadians worry about the fate of their favourite retailers, Rich…Continue Reading “Richard Crenian: Retail Isn’t Dying, It’s Just Changing”

richard crenian

The Scotiabank Pro-Am Hockey Tournament always sees a big turnout, especially when ReDev Properties’ president Richard Crenian takes to the ice. This event is hosted every year to help raise fund for Alzheimer’s in support of Baycrest. Teams were drafted and included 27 NHL Alumni players this year, including Lanny McDonald, Paul Coffey and Wendel Clark. The event help raise over $1.5 million to help support Baycrest Health Sciences, with Richard coming in as the runner up with more than $59K raised. Richard, along with…Continue Reading “Richard Crenian: Raises Money in Support of Alzheimers”

New Government efforts to stop a housing crash and to increase housing affordability could be beneficial to local retailers and their landlords. Affordable Housing Initiatives The CIBC’s deputy chief economist, Benjamin Tal, has recently posed that government intervention is necessary to avoid worsening affordability crisis in major Canadian cities. Rents have been increasing at a higher rate than home prices, and master-planned affordable housing projects are being viewed by some as essential for offering some relief to residents. Canada may have the space to build,…Continue Reading “The Benefits of Canada’s New Housing Affordability Initiatives”

Global uncertainty continues to wreak havoc on investors, as markets are dealing with political uncertainty, sizable economic shifts, and changing real estate markets. Although we have plenty of data to predict where we are going on a macroeconomic level over a long term period, the current narrative within the investment community is driving sophisticated investors towards sustainable investments, which instill trust and confidence. Commercial real estate is playing a big role in institutional investment portfolios, but it is where investors put their capital today, which…Continue Reading “Canada’s Sustainable Commercial Real Estate Market”