Craig and Scott Mulligan, Managing Partner and Broker of Record at CDNGLOBAL, discuss an overview of CDNGLOBAL’s recent expansion into the Toronto market through a successful merger with Ellington Partners Corporate Real Estate Advisors. The discussion unveils the unique position of CDNGLOBAL as a boutique brokerage, emphasizing its ownership structure and empathetic approach to client services.
The conversation delves into the challenges of the industrial space, shedding light on the increasing demand driven by the surge in e-commerce. Mulligan analyzes the tight industrial market conditions, with a mere 1 percent vacancy rate, and speculates on potential corrections in rental rates. The dialogue explores CDNGLOBAL’s plans to actively grow its existing industrial business while expressing a keen interest in acquiring a team to lead the CDNGLOBAL retail group, recognizing the interconnectedness of retail and industrial sectors.
Mulligan also shares insights into recent notable deals, highlighting CDNGLOBAL’s involvement in the sale of a building and land in Sheridan Park, emphasizing their active role in the life sciences sector. The conversation concludes with Mulligan expressing excitement about the merger and CDNGLOBAL’s national representation, reinforcing their commitment to providing premium service to clients across Canada.
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Featured during this interview:
- Scott Mulligan, Broker of Record and Managing Partner, CDNGLOBAL Toronto, Brokerage
- CDNGLOBAL Toronto
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Background Music Credit: Hard Boiled Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/