After a long run of steadily rising vacancy rates, there was a reversal in 2014’s third quarter. A small reversal, it’s true – but a welcome one if you’re a landlord. And if you are a tenant, it’s small enough to still leave you in a buyer’s market. VIEW DETAILS
Rick Lui of NAI Commercial has successfully completed the deal of a 3.44 acres development site across the Richmond Olympic Oval on 6851 – 6871 Elmbridge Way, Richmond for $31,300,000. In the vibrant Brighouse area of Richmond, the site offers easy access to Vancouver International Airport (YVR), and Downtown Vancouver via Oak Street Bridge and Arthur Laing Bridge as well as U.S.A. via Hwy. 99. Close to the waterfront together with abundant amenities.
Join Jay Olshonsky, NAI Global President and Dr. Peter Linneman, NAI’s Chief Economist, for an economic briefing. Dr. Linneman will address several topics during this Web conference including:
• Is there finally light at the end of the economic tunnel?
• As tapering ends, will rates finally rise?
• What are banks doing with all their money?
• How vulnerable are cap rates?
• What at happens if the world explodes?
Click HERE to register
NAI Commercial, represented by Team Poitras, is proud to announce the leasing of a major space in the building located at 6755-6801, des Grandes-Prairies Boulevard, Saint-Leonard. The lessee, Thermover, will occupy 117 000 square feet for a very long-term lease and foresees occupying such space during the fourth quarter of 2014. The area of the land is 522 516 sq.ft.
NAI Commercial was granted the brokerage contract to lease and to sell in 2013.
The space has 22’ of clear ceiling height, five loading ducks and has access to CN railroad.
NAI Commercial, représentée par l”Équipe Poitras, est fier d’annoncer la location de l’immeuble situé au 6755-6801, boulevard des Grandes-Prairies, Saint-Léonard. La compagnie Thermover occupera 117 000 pieds carrés pour un bail à très long terme, la superficie du terrain est de 522 516 pi2.
Le propriétaire institutionnel avait octroyé le contrat de courtage de location et de vente à NAI Commercial en 2013. Le locataire prévoit s’installer au courant du quatrième trimestre 2014.
L’espace jouit d’une hauteur libre de 22’, contient 5 portes de chargement et a accès au rail du CN.
Is the land under your property more valuable than the property itself?
This premise may be counter-intuitive to you as the property owner. How can the dirt be more valuable, sometimes much more, than the entire improvements, which provide a steady rental income?
The answer is simple. Land is a finite commodity, there is not going to be any more of it. We live in a landlocked city with the mountains and ocean presenting insurmountable obstacles to potential development. We now have to look skyward to create new housing opportunities. Click HERE for detail
This will be followed by a cocktail reception allowing participants to talk to other Business owners and our mergers and acquisition team about what’s involved in selling ones business.
If you are considering selling your business in the next few years, I would like to extend the invitation to attend this informative seminar. As you know planning for
Succession is key to maximizing the return on the eventual sale of your business.
Click HERE to find an invitation for the event.