This September is a great time to live, work and play in the beautiful, world-class city of Toronto. After a 12-year hiatus, the World Cup of Hockey is returning to the capital of Ontario, which is predicted to be one of the best competitions in the history of hockey and the most competitive tournament of its type ever played. Equally exciting, the Toronto Blue Jays are in a heated battle for first place in the American League East, and a ticket to the post-season, creating a palpable buzz across the GTA!
The vibrant energy in Toronto is infectious, helping to fuel our hard work throughout 2016 to broker a large volume of commercial real estate transactions across Southern Ontario, coordinated out of our downtown Toronto office, located at 334 Adelaide Street West, Suite 211; close to the Metro Toronto Convention Centre, where the following stellar line-up of business conferences, relevant to the commercial real estate sector, are slated for the coming weeks.
CAIC Canadian Apartment Investment Conference Sept. 07, 2016
The Canadian Apartment Investment Conference is a highly focused, one-day annual conference, specifically tailored for owners, managers, developers, investors and lenders to provide valuable insights into the multi-unit residential market. Last year’s sold-out conference attracted over 650 participants, and organizers are expecting an equally successful event in 2016.
This year’s conference, to be held at the Metro Toronto Convention Centre (North Building), will feature key industry leaders covering hot topics for this market, including: capital markets and investment activity; the impact of new developments and the intensification of existing sites; the effects of the condominium market; income and operations strategies; and new innovations and solutions in the tech space. This highly anticipated and informative conference will provide a wealth of information about the multi-residential market space, while facilitating valuable networking opportunities.
ICSC International Council of Shopping Centers – Sept 19-21, 2016
The mission of ICSC is to “advance the shopping center industry and to promote its role in the commercial distribution of consumer goods and services.” The Annual Canadian Convention, held this year at the Metro Toronto Convention Centre, is widely known as a great opportunity for owners, developers, retailers, brokers, lenders, municipalities, property asset managers and product and service providers to congregate under one roof to exhibit, make deals and form successful business partnerships in this important commercial real estate sector.
Small Business Forum - October 25, 2016
Organized by Enterprise Toronto, the 2016 Small Business Forum is a one-stop event where a team of advisors can help entrepreneurs make the right decisions during the start-up phase and help develop management capabilities as the small business venture grows. This year’s conference will be held on Tuesday, October 25, 2016, from 9:00 a.m. to 4:00 p.m. at the Metro Toronto Convention Centre, Level 800, Exhibit Halls F and G.
There are expected to be 2,500 entrepreneurs at this much anticipated forum. Participants will learn how various organizations and technologies can help them start, operate, and grow a small business. Today's business challenges will be addressed by knowledgeable speakers, small business experts, panel discussions and seminars. Product providers will also be there to showcase services and tools to help small businesses succeed, and to raise awareness of their brands. This year’s Small Business Forum will also be an excellent networking event for entrepreneurs and stakeholders in the small business community.
Recent Primecorp Multi-Residential Real Estate Transactions in Southern Ontario
Our Toronto office has been running on high octane throughout 2016, helping to broker numerous multi-residential real estate transactions across the GTA and throughout Southern Ontario. Here are some of the highlights resulting from the intensive efforts of our dedicated team.
Luxury Mid-Rise Apartment Building in Markham Ontario: August 03, 2016
In association with SVN Rock Advisors Inc., Primecorp Commercial Realty Inc. was pleased to announce that we successfully closed the sale of a luxury, 65 unit mid-rise apartment building, centrally located in the heart of Markham, Ontario in the Greater Toronto Area.
Multi-Residential Portfolio Sale in Southern Ontario for $32.1M CAD: July 7th, 2016
On July 7th, Primecorp Commercial Realty Inc. was happy to announce that our National Multi-Residential Investment Sales Group, led by founding partners Aik Aliferis and Sam Firestone, successfully completed the sale of a 6-property, 415 unit multi-residential portfolio in Southern Ontario (Sarnia and Niagara Falls) for $32,100,000 CAD.
Primecorp Exclusive Advisor for Vendor on Sale of Whitby Mall: June 15th, 2016
On June 15th, 2016, Primecorp Commercial Realty Inc. was very pleased to announce the successful sale of a 100% interest in Whitby Mall, located at 1615 Dundas Street East, Whitby, Ontario, in the GTA. Led by our National Commercial Investment Team, and headed by founding partners, Aik Aliferis and Nick Pantieras, Primecorp acted as Exclusive Advisor for the vendor, an El-Ad Group (Canada) subsidiary. The Purchaser is a joint venture between Firm Capital Property Trust and First Capital Realty Inc.
Sale of Two Building Multi-Residential Portfolio in Waterloo Ontario: February 16th, 2016
Totalling 97 units, this offering consisted of two multi-residential buildings (one 10-storey and one 7-storey), with a mix of spacious one and two bedroom suites with large balconies. The portfolio includes excess land for potential development in this well located, properly maintained and professionally managed multi-residential asset.
Additional Multi-Residential Real Estate Transactions in the GTA: Early 2016
In additional to the Waterloo Portfolio, Primecorp was very busy brokering 6 other multi-residential deals in early 2016 in the hot apartment investment market in the Greater Toronto Area. According to Sam Firestone, Primecorp Founding Partner and Broker of Record:
The supply does not meet the demand… Interest rates are low so there’s still a strong appetite for quality assets. The challenge is trying to find opportunities for our investor clients.
Toronto is "Canada’s Economic Powerhouse"
According to Mayor John Tory, “Toronto repeatedly and consistently ranks at the top of international indexes. We have… economic opportunities that are among the best in the world.” The Mayor further maintains that not only is Toronto North America’s fourth largest city, but it is “Canada’s economic powerhouse.”
The high-energy economic environment in Toronto (not to mention the sporting and entertainment atmosphere) bodes very well for investors in multi-residential and other aspects of commercial real estate. As such, Primecorp, which has been in operation for nearly 20 years and has been a member of TCN Worldwide for this past year, is very pleased to be highly active in the hub of this pivotal Canadian market.