“Signs of recovery illuminate Calgary’s commercial real estate investment market.
Calgary AB, Canada
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Sales of Edmonton commercial real estate soared by more than $500 million in 2016 compared to a year earlier as investors poured $1.81 billion into the Alberta capital.
The recent Business in Calgary Leaders dinner saluted those in our community who strive to make Calgary the best city on earth in which to live.
David Wallach, president of Barclay Street Real Estate, has accepted two appointments that will require even more of the energy he devotes to his work and volunteerism.
David’s career started over 30 years ago in Israel where he owned a successful insurance brokerage company and was President and GM of his favorite professional basketball team. However, David saw bigger opportunities in his future when he, his wife and three children immigrated to Canada in 1999.
In 2000, David joined Torode Real Estate and began his career in Canadian commercial real estate. He was later invited to join a group of senior negotiators who bought Torode real estate brokerage in 2001. In 2003, David assumed the leadership role of President, and in 2004 the brokerage was rebranded under the name Barclay Street Real Estate.
In a few short years, David has made strides in growing Barclay Street locally and internationally. In 2007, David added Property Management to Barclay Street’s portfolio of services and the division has grown dramatically in the last few years with properties throughout Alberta, managing today over 4.5 million Sq. Ft.
To expand Barclay’s national and global reach, David formed a partnership in 2011 with TCN Worldwide, a real estate services organization that serves more than 200 markets globally. As a member of TCN Worldwide, Barclay Street has the ability to service their customers on a local and international level through a network of over 1200 commercial real estate firms. Since 2012, David brings his commercial real estate knowledge to the international stage as a board member on the TCN Worldwide Board.
In April 2013, David received his CCIM - Certified Commercial Investment Member designation.
In June 2014, David launched a new venture, Triumph Real Estate Investment Fund. A private REIT focused on acquiring revenue producing properties in defined markets both in Canada and the U.S.A. David is founder and director and is responsible for all real estate matters of the Fund as well as involved in raising funds for Triumph.
Since early 2016, David has co-chaired the Calgary Economic Development Real Estate Advisory Committee.
With family-centric ideals, David ensures Barclay Street employees and clients feel like they are dealing with family, not just coworkers or a commercial real estate broker.