Our Services Blackstone Commercial is a complete real estate services provider. Our Property Management Team offers a hands-on approach for day-to- day management of our client’s real estate. Blackstone’s capacity as a Property Management company ranges in property types from Retail, to Industrial, to Office, to Residential, with services ranging from Financial Records & Reporting, Preventative Maintenance, Facility/Property Operations, Design/Construction Development, Leasing, Renewals and Disposition.

Sales & Leasing

  • Databases of recent lease and sale transactions to facilitate renewal negotiations
  • Marketing teams specializing in retail, office, and industrial leasing
  • Up-to-date market information on all comparable available premises
  • Template leases, offers to lease, letters of intent, renewal agreements
  • In-house review of current and acceptable market standards for varying lease terms
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Property Management

  • Rent collection
  • Payment of budgeted expenses
  • General maintenance
  • Management of contract employees
  • Monthly reporting of tenant and maintenance issues/concerns
  • Monthly review report by building operator of building systems
  • Annual operational cost budgeting
  • Re-measurements of premises using current BOMA standards
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Reporting

  • General bookkeeping & year end
  • Monthly financial review measuring projected
    and actual income
  • Monthly & year-to-date income statements
  • Monthly bank ledgers
  • Monthly review of balance sheets
  • Reporting & management of general bank account and trust account
  • Annual operational cost budgeting
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Asset Management

  • Competitive bidding process
  • Argus run cashflow analysis
  • Detailed information package & presentation
  • Offering memorandums
  • Completed dispositions of +/- $500,000,000 worth of commercial properties to pension funds, REIT’s, public and private real estate companies
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Construction Management

  • Obtain Development and Building Permits systems reports
  • Contract and coordinate trades
  • General drafting design
  • Coordination of engineering and architectural professionals
  • Submission of plans to governmental and planning authorities
  • Ground up construction
  • Facade renovations
  • Re-paving of parking lots
  • Roof replacement
  • Tenant improvements
  • Common area and washroom upgrades
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