The Lessons Learned from the Tech Unicorn Stampede of ‘19

Even more valuable than the profits investors make in the stock market are the hard lessons they learn along the way… Thing is, the lessons are only valuable if they’re actually learned. I’ve been meaning to write about this topic for a while since the year 2019 presented an interesting case study with (often misplaced) Continue reading The Lessons Learned from the Tech Unicorn Stampede of ‘19

The End of Nine-to-Five: The Inevitable Gig Economy

If you worked an office job many years ago and five o’clock rolled around, you would stretch, gather your things, and clock out for the day. Maybe you’d even leave a half-hour earlier if it’s a Friday. It’s five o’clock freedom and you’re probably running through weekend plans, chores to cross off your to-do list — anything Continue reading The End of Nine-to-Five: The Inevitable Gig Economy

How Hudson’s Bay — and Canada — Is Not Immune to the U.S. Late-Cycle Retail Market

As the secular market is turning, the U.S. is locked in a “retailapocalpyse”. However, the Great North isn’t immune to these same late-cycle dynamics, as the Hudson’s Bay Company signalled this year. (Source: Can Pac Swire) The Hudson’s Bay Company (HBC) closures represent a contraction in its business plan after the company underwent an overly optimistic Continue reading How Hudson’s Bay — and Canada — Is Not Immune to the U.S. Late-Cycle Retail Market

High and Low: The Soaring Demand and Limited Supply of Toronto’s Purpose-Built Multifamily Market

  Introduction The Toronto housing market stands at the intersection of housing affordability and availability, with asking rents trending higher amid wages that struggle to keep up. While average rental rates for private condominiums (condos) have outpaced increases in wages, so too have rates for purpose-built rentals. Exacerbating the issue further, developers are economically incentivized Continue reading High and Low: The Soaring Demand and Limited Supply of Toronto’s
Purpose-Built Multifamily Market

Scorching Real Estate: Comparing the California, B.C. and Fort McMurray Wildfires’ Impact

  Last August was devastating for British Columbia (B.C.) and California — each had declared a state of emergency because of wildfires. Both the province and the state experienced a severe decline in tourism, mass evacuations and seemingly unending fights to contain the conflagrations. There was significant loss on both sides, though as far as impact on Continue reading Scorching Real Estate: Comparing the California, B.C. and Fort McMurray Wildfires’ Impact

How Coworking Co-Opts the Traditional Office Space

Introduction Having a roommate is not just part of the college experience — it is a growing trend in the workforce. More and more companies are working together under the same roof in nine to five harmony in what is known as coworking space: a more flexible alternative to traditional office space where multiple workers can share Continue reading How Coworking Co-Opts the Traditional Office Space

Queen for 90 Days — What’s Next for Long Island City’s One Court Square?

Easy come, easy go: Amazon cancels plans for Long Island City — but what does this mean for the office it’s leaving behind? Photo Credit: Jeffrey Zeldman. In February 2019, Amazon, Inc. (Amazon) officially broke it off with Long Island City (LIC), cancelling previously announced plans to construct a 4.0 million-square foot (sf ) campus in the city’s Continue reading Queen for 90 Days — What’s Next for Long Island City’s One Court Square?

Unhappy Feet 2: Payless ShoeSource Files for Second Bankruptcy in Total Store Shutdown

Malls were emphasizing the importance of keeping anchor tenants, but in the case of Payless Shoesource, it now appears that the shoe is on the other foot. Photo Credit: Mike Mozart The closure of all 2,300 of Payless ShoeSource’s (Payless or the Company) stores in the United States and Canada seems like a minimal event on Continue reading Unhappy Feet 2: Payless ShoeSource Files for Second Bankruptcy in Total Store Shutdown

Monitoring “The Stuff That Counts”: Shopko’s Closures Minimally Affect CMBS Transactions

  Introduction The store closures announced by Shopko will likely have a minimal impact on commercial mortgage-backed securities (CMBS) in aggregate; however, DBRS, Inc. (DBRS) does see the potential for localized defaults as the company rejects leases across the country. In addition, the closures highlight the risk of exposure faced by retailers owned by private Continue reading Monitoring “The Stuff That Counts”: Shopko’s Closures Minimally Affect CMBS Transactions

How One Court Square Won Big with Amazon’s HQ2 Bid

For the past 14 months, news outlets have been gripped by Amazon.com Inc.’s (Amazon) selection process for its second headquarters (HQ2). For cities in the running, the prospect of a major tech company like Amazon expanding into their areas would mean a significant economic boost with analysts forecasting as many as 50,000 new jobs and Continue reading How One Court Square Won Big with Amazon’s HQ2 Bid