First National Financial LP

Podcast: Growing a Large Portfolio with Noah Gordon of Menkes Developments

  • First National Financial LP

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.