May 2015

Landlords: Protections to implement in every commercial lease

Attracting and then finding the right tenant for your commercial property can be challenge. Once the right tenant has been found, as a commercial landlord, you will need to draft a lease that protects your property and it's assets. Each commercial lease you draft should be customized to the specific tenant, but the following protections should always be consider and then implemented when entering in to a...

Reshaping the vacant Targets stores in Niagara

Seaway Mall Target photo via Welland Tribune When Target pulled out of Canada early this year, commercial real estate landlord’s across Canada were left with major retail vacancies. In Niagara, this translated to vacancies at St. Catharine’s Pen Centre, Welland’s Seaway Mall and Niagara Falls’, Morrison commercial park. Last week it was announced that Walmart would be leasing the vacant space at...

Investment potential along Welland’s recreational waterway

In 2008, with a master plan in place, the City of Welland began marketing over 500 acres of land along Welland's Recreational Waterway for redevelopment. The plan calls for a transformation of the waterway with a combination of recreational, commercial and residential developments. Much of the land available for redevelopment requires remediation as a result of years of heavy industrial use. Some of the...

Latest Updates on the Canadian Motor Speedway

The Canadian Motor Speedway scored major financial backing opportunities this week from the region of Niagara. This is the first form of measurable support that the Niagara regional has thrown behind the CMS despite the fact that the speedway is an incredible commercial investment for the City of Fort Erie. Canadian Motor Speedway now eligibal for regional financial incentives The region approved major...

Changes to the guidelines for completing a Phase I Environmental Site Assessment

In late 2011, the Ministry of the Environment (MOE) implemented changes to the guidelines for completing a Phase I environmental site assessment (ESA). These changes affected the requirements and conditions of various components of conducting an ESA including the term of validity of an ESA. Property owners need to be aware of these new conditions when looking to sell their industrial or commercial land....

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