One of the words used to describe the pandemic is "accelerator". Certain commercial real estate asset classes were pushed into being obsolete due to the onset of the pandemic. What is not spoken of often is how it has re-defined risk. A few months prior to the pandemic taking hold, our firm was retained by a commercial landlord of a medical office building that was underperforming. Our role was to conduct a highest and best use study (i.e. re-positioning) and make recomme

A long awaited development plan reveals itself in Toronto. Cloverdale Mall was originally built in the 1950's and was ripe for a re-positioning. The new plan submitted to City of Toronto encompasses a mix of uses including residential (rental & condo), retail, recreational, etc. What may be lacking from the plan that would enhance value is the fact that transit to that part of the city already under serves its community. Value would be positively influenced if transit is