Growing a portfolio in a competitive market isn’t easy, even for the big players. Noah Gordon of Menkes Developments joins us to discuss managing and growing a 3 million square foot commercial portfolio in the GTA. Some of the topics covered include:
- The history of Menkes Developments.
- The profitability of spec build industrial.
- Losing Target as a tenant.
- What’s important to best-in-class users.
- Why the GTA has low industrial lease rates.
- What differentiates fulfilment centres.
- The rise of cross-dock facilities.
- Buying existing product vs building new.
- Amenities in newly constructed office towers.
- On market vs off market opportunities (also discussed in the Sean Fleming episode).
- Having faith in your development numbers (also discussed in John English episode).
- The viability of office and industrial condo conversions.
- The “One Size Fits Most” strategy.