Episode 95: Matt and Taylor are joined by twin brothers Chris & Jason Wills, both from Kelowna, BC. Following in their dad's footsteps of commercial real estate, Chris, the Managing Partner of Sales & Leasing, and Jason, a Partner of Sales & Leasing, founded Venture Commercial in 2020, which is now one of the largest commercial real estate brokerages in the Okanagan.
Having extensive knowledge of the local retail, office, and investment market, Chris has successfully completed hundreds of real estate transactions, including Centre 97, and expanding both Chopped Leaf and Wok Box locations throughout North America. One of the most prominent industrial brokers in the market, Jason has been involved in thousands of transactions amounting to over two million square feet of commercial real estate sold, acquired, or leased.
Chris & Jason are here to discuss:
→ Founding Venture Commercial and their business model, what it takes to work in commercial real estate, and the benefits of commercial vs residential leasing.
→ Different commercial client types, how to get into commercial investing, and how you can invest in your tenants businesses.
→ Finding opportunities in client's existing leases, the evolution of office & retail spaces, and where there are potential opportunities and pitfalls in the Okanagan for commercial real estate right now.
Venture Commercial Website: https://www.venturecommercial.ca
Venture Commercial LinkedIn: https://www.linkedin.com/company/venturerealtycorpcommercial/
Venture Commercial Instagram: https://www.instagram.com/venture.commercial/
Chris Wills' LinkedIn: https://www.linkedin.com/in/chris-wills-6a4b9192/
Chris Wills' Instagram: https://www.instagram.com/chris_wills_kelowna/
Jason Wills' LinkedIn: https://www.linkedin.com/in/jason-wills-b834a692/
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CHAPTERS
0:00 Intro
6:08 What is Venture Commercial
10:16 Venture Commercial's Business Model
11:54 Benefits of Commercial vs Residential Leasing
14:20 Finding Opportunities in Clients Existing Leases
20:43 Current Opportunities in Commercial Asset Classes
24:52 The Evolution of Office Space
26:24 The Evolution of Retail Real Estate
30:11 Investing in Your Tenants Business
33:47 How to Get into Commercial Investing & client Types
37:45 The Need to Understand Leases & Wear Many Hats
41:04 What to Stay Away From in Commercial Right Now
43:44 Commercial Opportunities in the Okanagan
46:08 Outro
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OUR SPONSOR
The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in real estate. To learn more, visit: https://www.c21kelowna.ca
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CONNECT WITH THE SHOW
Kelowna Real Estate Podcast: https://wavve.link/kelownarealestate
Kelowna Real Estate Podcast YouTube: https://www.youtube.com/@KelownaRealEstatePodcast
Kelowna Real Estate Podcast Instagram: https://www.instagram.com/kelownarealestatepodcast/
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CONNECT WITH MATT
Matt Glen's Website: https://www.mattglen.ca
Matt Glen's Email: matt.glen@century21.ca
Matt Glen's Instagram: https://www.instagram.com/mattglenrealestate/
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CONNECT WITH TAYLOR
Taylor Atkinson's Website: https://www.venturemortgages.com
Taylor Atkinson's Email: taylor@venturemortgages.com
Taylor Atkinson's Instagram: https://www.instagram.com/venturemortgages/
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