Industrial, Commercial & Investment

Industrial, Commercial & Investment

Avison Young recently completed the acquisition of U.K.-based GVA. From left: Gerry Hughes, principal and managing director, U.K; Jason Sibthorpe, principal and president, U.K.; Mark Rose, chair and CEO; and Andy Mottram, principal and managing director, Europe.

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Toronto-based Avison Young has closed the acquisition of U.K.-based GVA. The two companies are now combined under the Avison Young banner.

The new Bluebird Self Storage facility at 411 Cityview Blvd. in Vaughan.

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“Nobody knows what the potential is for self storage in Canada,” says Reade DeCurtins, managing principal at Bluebird Self Storage.

Kyle Genga

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Commercial real estate lawyer Kyle Genga has joined global law firm Norton Rose Fulbright at its Toronto office.

Terrence B. Philps

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Terrence Philps has joined the Victoria office of Devencore, a commercial real estate company with offices across Canada, in the role of vice president and associate broker.

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While its definition varies somewhat, most real estate professionals agree that at its core, optimization is all about maximizing the efficiency and productivity of a commercial property.

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Commercial property services giant Colliers and technology innovator Techstars have created a proptech accelerator that helps technology companies develop products to serve the commercial real estate industry.

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Stakeholders such as investors, brokers, lenders and appraisers often use these seemingly simple metrics to calculate the market value of an asset. Here are five things you need to know about cap rates and multiples.

Howard Roth

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Howard Roth has been hired as an independent advisor by Avison Young and will report to CEO Mark Rose. Roth’s role will include advising on strategic acquisitions and capital transactions.

Mustafa Ranalawala

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Mustafa Ranalawala recently opened Real Property Management Accord to service clients in Richmond Hill, Ont. and the surrounding areas.

Tarek Merhej

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Avison Young has acquired Veritas Management Services. Founded in 2009 by Tarek Merhej, Veritas is a commercial real estate management company.