Mourad Eldeeb’s Post

Northstar Development To Buy QRD Met Project Under Receivership For $11.6M The Met was set for 2245 McAllister Avenue in #Port #Coquitlam, about half a block west of the provincial courthouse. For the site, Quarry Rock Developments was planning a six-storey mixed-use building with 80 #residential units and 19,530 sq. ft of #commercial space, in addition to a public plaza. The property was owned by Quarry Rock #Developments (McAllister) Inc. and beneficially owned by Quarry Rock Developments (McAllister) Limited Partnership, both of which were the subject of the receivership proceedings that were initiated by #Edmonton-based Canadian Western Bank (CWB). After counteroffers and negotiations, the Receiver entered into a sales agreement on September 19 with NorthStar Acquisitions Ltd. — also known as Northstar Development — for $10,000,000. After last-minute competing offers were received ahead of the court date, the offer was then improved to $11,600,000. The transaction was then approved by the Supreme Court on November 20 and is expected to close on January 22. Source: Storeys #BASTET #CANADA #BRITISHCOLUMBIA #ONTARIO #TORONTO #OTTAWA #LONDON #GTA #MANITOBA #ALBERTA #HAMILTON #QUEBEC #NIAGARA #VANCOUVER #CALGARY #RICHMOND #BURNABY #SCARBOROUGH #SURREY #BRAMPTON #COQUITLAM #TORONTO #MISSISSAUGA #ACBIM #ADABIM #ACPBIM #COORDINATION #VALUEENGINEERING #PEERREVIEW #CONSTRUCTIONPLANNING #PROJECTMANAGMENT #REALESTATE #DEVELOPMENT #CONSTRUCTION #DESIGN #RISK #PROJECT

Scalable industrial development site sold for $19.75m - Colliers and One Commercial Mount Kuring-Gai industrial development site at 26-32 Beaumont Road Mount Kuring-Gai sold by Colliers experts Trent Gallagher, Sam Thomlinson and John Carney, in conjunction with Ben Byford and Joshua Charles of One Commercial for $19.75 million. “The buyer recognised the scarcity of this unique asset, with industrial land with site coverage below 10 per cent in the North Sydney market so few and far between. It was a competitive process, and the new owner will benefit from the strong underlying land value growth,” John Carney said. “Mount Kuring-Gai is home to many well-known national occupiers, with the new owner benefiting from this. The property also takes advantage of connectivity to local transport, while also having prominent frontage to the main thoroughfare within the precinct,” Trent Gallagher added. “The North Sydney industrial market is one of the region’s most land constrained. This transaction is a testament to the ever-growing demand for land rich industrial sites in tightly held precincts such as the north. It is positive to see owner-occupiers are still active in trying market conditions, Sam Thomlinson said. Read more on The Industrialist - https://lnkd.in/gwpcE4Eb Adrian Balderston Phillip Bradac Tony Durante Matthew Flynn Paul McGlynn Michael Crombie Adrian Balderston Peter Dale John Carney Angus Urquhart Nick Evans Gavin Bishop Jessica Evans Taylor Bass COMMO #colliers #onecommercial #industrialsite #industrialland #industrialrealestate #industrialproperty #industrialagent #logisticsrealestate #Industrialleasing

Brisbane industrial portfolio sold for more than $14M - Ray White Commercial A portfolio of Brisbane industrial properties sold for a total of $14.39 million, marketed by RWC Gateway agents Jack Gwyn and Jared Doyle, alongside Ray White Commercial (Milton) agents Stephen Ferguson and Maclay Kenman. “The sale of these industrial assets signifies not only the demand of the properties themselves but also the strength of collaboration within the industry. Jack Gwyn said. “Of the seven properties sold, there were five investors and two owner occupiers largely due to the lease statuses across the portfolio.” Jared Doyle said supply remained scarce, driving competition and value appreciation. “This scarcity underscores the significance of strategic investments in well-positioned assets like those in Murarrie and Capalaba,” he said. Read more on The Industrialist - https://lnkd.in/g8p7zAWG RWC Gateway Jack Gwyn Jared Doyle Ray White Commercial (Milton) Stephen Ferguson Maclay Kenman James Linacre Paul Anderson Owen White Leteicha Wilson Vanessa Rader Cassandra Glover #brisbaneree #industrialmarket #rwc #rwcgateway #rwcmilton #brisbanemarket #brisbaneinvestments #industrialinvestment #industrialleasing #industrialrealestate #industrialproperty #brisbanerealestate #raywhitecommercial

AND another one sold | 13-17 Jessica Way, Truganina | $10,000,000 In the current climate, this transaction is a bit of an outlier. Jessica Way has been sold off-market at a yield of 4%, the tenant has options until November 2030 - with no market reviews prior. The properties outstanding attributes such as the 12.5 tonne gantry crane, low site coverage (17.2%) and high office component were key considerations for the investor, who may look to occupy the site in the coming years. Address: 13-17 Jessica Way, Truganina Land area: 11,900m² Building Area: 2,055m² Asset Type: Office/Warehouse (Industrial 3 Zoning) Sale Price: $10,000,000 Yield: 4% Term: Tenant options until November 2030, with no market reviews Purchaser Profile: Investor For further information on this off-market transaction handled by the team at AND Property, please feel free to reach out using my details below. rc@andproperty.com.au | 0421 837 421 Bryce Pane | Ben Quennell | Jamie Blackburn | Chris Pane

AND another one sold | 13 - 17 Jessica Way, Truganina | $10,000,000 In the current climate, this transaction is a bit of an outlier. Jessica Way has been sold off-market at a yield of 4%, the tenant has options until November 2030 - with no market reviews prior. The properties outstanding attributes such as the 12.5 tonne gantry crane, low site coverage (17.2%) and high office component were key considerations for the investor, who may look to occupy the site in the coming years. Address: 13-17 Jessica Way, Truganina Land area: 11,900m² Building Area: 2,055m² Asset Type: Office/Warehouse (Industrial 3 Zoning) Sale Price: $10,000,000 Yield: 4% Term: Tenant options until November 2030, with no market reviews Purchaser Profile: Investor For further information on this off-market transaction handled by the team at AND Property, please feel free to reach out to one of the team below. Ricardo Cappelletti | Ben Quennell | Chris Pane | Bryce Pane | Jamie Blackburn

6,800 New #Condo Units Changed To #Rental, Cancelled, In Receivership Since 2022 Across GTHA Over the past two years, 33 new condo projects that were actively selling have been converted to #rental, put on hold, cancelled, or placed under receivership, according to a new report from Urbanation. Had those projects been brought to market as originally planned, a total of 6,796 #condo units would have been added to the market. Coming back to the third-quarter data, Urbanation reveals that new #condo sales across the #GTHA were remarkably slow between July and September, with just 567 transactions recorded. That figure is down 81% annually, 87% below the 10-year average for Q3 periods, and represents “the lowest quarterly total since Q1-1995,” the report says. Source: Storeys #BASTET #CANADA #BRITISHCOLUMBIA #ONTARIO #TORONTO #OTTAWA #LONDON #GTA #MANITOBA #ALBERTA #HAMILTON #QUEBEC #NIAGARA #VANCOUVER #CALGARY #RICHMOND #BURNABY #SCARBOROUGH #SURREY #BRAMPTON #COQUITLAM #TORONTO #MISSISSAUGA #ACBIM #ADABIM #ACPBIM #COORDINATION #VALUEENGINEERING #PEERREVIEW #CONSTRUCTIONPLANNING #PROJECTMANAGMENT #REALESTATE #DEVELOPMENT #CONSTRUCTION #DESIGN #RISK #PROJECT

6,800 New #Condo Units Changed To #Rental, Cancelled, In Receivership Since 2022 Across GTHA Over the past two years, 33 new condo projects that were actively selling have been converted to #rental, put on hold, cancelled, or placed under receivership, according to a new report from Urbanation. Had those projects been brought to market as originally planned, a total of 6,796 #condo units would have been added to the market. Coming back to the third-quarter data, Urbanation reveals that new #condo sales across the #GTHA were remarkably slow between July and September, with just 567 transactions recorded. That figure is down 81% annually, 87% below the 10-year average for Q3 periods, and represents “the lowest quarterly total since Q1-1995,” the report says. Source: Storeys #BASTET #CANADA #BRITISHCOLUMBIA #ONTARIO #TORONTO #OTTAWA #LONDON #GTA #MANITOBA #ALBERTA #HAMILTON #QUEBEC #NIAGARA #VANCOUVER #CALGARY #RICHMOND #BURNABY #SCARBOROUGH #SURREY #BRAMPTON #COQUITLAM #TORONTO #MISSISSAUGA #ACBIM #ADABIM #ACPBIM #COORDINATION #VALUEENGINEERING #PEERREVIEW #CONSTRUCTIONPLANNING #PROJECTMANAGMENT #REALESTATE #DEVELOPMENT #CONSTRUCTION #DESIGN #RISK #PROJECT

LEASED TWICE WITHIN 12 MONTHS | 7/55-65 Christensen Road, Stapylton The original tenant outgrew the premises and moved into a larger tenancy. We secured a new tenant to take over the lease in under 4 weeks on the market. If you'd like further details of this lease or a review of your property's existing performance compared to the current market, please get in touch. E: Ben.sands@raywhite.com P: 0432 547 164 AJ Calvet RWC Gateway #Industrial #Brisbane #CommercialRealEstate #CRE #RealEstateInvesting #CommercialProperty #InvestmentProperty #CommercialLeasing #Business #PropertyManagement #CREBroker #Commercial #CommercialInvestment #RealEstateDevelopment #CommercialSpace #LeaseOpportunity #BusinessLocation #CommercialListing #CommercialProperty #Expertise #Opportunities #StrategicPlanning #Teamwork #Investments #InvestingInsights #Realestate #Property #Industrial #Raywhite

SOLD | 42,916m²* RARE INDUSTRIAL DEVELOPMENT SITE Colliers experts congratulate our esteemed client on the successful sale of 144 Carrington Street, O’Connor, Western Australia. This rare 4.29ha* site, strategically positioned on the major arterial route of Carrington Street, directly opposite the prestigious Royal Fremantle Golf Course, is the largest sale in WA for an industrial land holding in 2024. The transaction was expertly managed by Colliers’ State Chief Executive Richard Cash, and Director of Industrial & Logistics, Sam Hammond and Ray White’s Joint Managing Director, Brett Wilkins and Stephen Harrison. The asset was acquired by a local owner-occupier, underscoring the ongoing demand for industrial properties in Western Australia. Perth’s Industrial and Logistics market has seen substantial growth in recent years, with demand significantly outpacing supply. The resource sector’s influence on WA’s economy contributes to greater volatility in the delivery of new supply compared to East Coast capital cities. Additionally, competition from owner occupiers, rather than developers, for core development opportunities further impacts supply levels. During economic downturns, supply contracts and often fails to meet demand once conditions improve, primarily due to construction lead times and land availability. For further information on this transaction, or if you have any sales or leasing needs, please reach out to the Colliers experts below. Sam Hammond | +61 413 664 247 | Sam.Hammond@colliers.com Richard Cash | +61 412 006 949| Richard.Cash@colliers.com *Approximately Richard Cash Sam Hammond Hayden Dick Benjamin Képes #sold #colliers #property #commercialrealestate #industrialrealestate #industrial #development

Prime development land that once housed a quarry has been sold in Cranbourne East in a significant deal.   Peter Sagar spoke about the deal and what trends are driving property transactions in the area. LAWD | MAB | Fawkner Property | #quarry | #realestate | #property | #melbourne | #australia