NAI Commercial is proud to announce that one of its brokers, Anne-Marie Sauvé, is a finalist for the Rising Star Award, which will be presented on November 26 at the awards ceremony organized by Crew Mtl. This prize is awarded to a woman who has less than ten (10) years’ experience in commercial real estate and who is recognized for her sense of commitment, her leadership and her achievements. Please join us in wishing her the best of luck.
L’équipe de NAI Commercial est fière de souligner qu’un de ses courtiers, Mme Anne-Marie Sauvé, figure parmi les finalistes pour le Prix Étoile montante qui sera remis le 26 novembre prochain lors de la Soirée Excellence organisée par Crew Mtl. Ce prix est décerné à une femme ayant moins de dix (10) années d’expérience en immobilier commercial et qui s’est démarquée par son sens de l’engagement, du leadership et leurs réalisations. Joignez-vous à nous pour lui souhaiter la meilleure des chances!
Featuring Jay Olshonsky, NAI Global President & Dr. Peter Linneman, NAI’s Chief Economist
October 24th, 2013, 2013
12:00 PM – 1:00 PM Eastern
Where are we in the recovery? Which MSAs present opportunities? 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:
◾Where are we in the recovery?
◾Changes in job growth
◾Which MSAs present opportunities?
◾Implications of the changing interest rate environment
◾Which markets still hold investment opportunities?
◾Real rent analysis – which markets are below historical averages?
◾Update of real estate capital markets
◾Social security Implications as the Boomers retire
“This seminar is open to all business owners who are considering selling their business in the near future.”
DATE: October 10th, 2013
TIME: 6:00 pm—8:30 pm
LOCATION: Vancouver Club
915 West Hastings Street
DRESS: Business Casual (NO JEANS)
They were the best of times, they were the worst of times; each with too much supply in the face of cyclically low demand. Just as in Dickens’ Tale of Two Cities, every real estate cycle is the same, yet every cycle is different,” Dr. Peter Linneman stated in his recent White Paper, “The Tale of Two Cycles.” Linneman explains that in the crashes of the early 1990s and 2009, there was an abundance of supply for too little demand yet both offer distinctive features and lessons for the future.
Both crashes were not only caused by a much greater supply of space than demand but also due to a retreat of real estate capital. Linneman explains that the crashes evolved into this enigma very differently. Dr. Peter Linneman states, “The recent crash was caused by a sharp decline in space demand meeting modest overbuilding. Thus, the second quarter of 2007 registered a healthy CBD vacancy rate of 9.7%, and most observers (we were among the minority which foresaw a recession) felt that due to the so-called Great Moderation, the demand boom would never end. In marked contrast, the 1990s real estate crisis was the result of out of control development meeting a modest cyclical demand decline.”
In his latest White Paper, Linneman illuminates on the late 1980s. The economy was booming during this time but the supply was increasing so vividly that vacancy rates stayed dangerously high. He states an example on the matter, “Even as the CBD office vacancy rate was 15.6% in 1989, developers refused to stop building, assuming that their new speculative buildings were immune to the forces of supply and demand. Hence the recessionary decline in demand in 1990 caused a complete real estate collapse due to the already existing excess supply and a burgeoning pipeline of new supply.”
Actively involved in the financial field since 1988, Joseph Akoury has extensive business experience. He began his career in garment manufacturing after studying industrial management at Collège de Bois-de-Boulogne. Thanks to his previous experience as a manufacturer, distributor and retailer, Joseph is better equipped than ever to understand people’s needs and concerns in his new role as commercial real estate broker. Whether it involves property sales, purchases, or leasing, his entrepreneurial skills and vast network of business contacts made throughout the years are valuable assets for NAI Commercial. More >
Laurier Tremblay & Benoit Jacques, guided by their experience, have completed with success their mandate in selling 3 of the National Bank of Canada unoccupied branches in Quebec; these three mandates were previously given to other real estate agencies without succeeding.
NAI Commercial strategy, personalized for the National Bank’s needs, was a direct success within a few months. The efficient marketing approach, the continuous work and the diligent follow-up of the real estate brokers contributed to the conclusion of these three transactions. Both parties appreciated their support and their advices.
The NAI team has met all expectations of this major institutional client. A job well done!!! More >
Our real estate broker Yvan Héroux, long member of the Honor Committee, has also actively participated in the ticket sale to allow Tel-Jeunes and Ligne Parents to pursue their activities in supporting both families and young people in need.
The event was a true success and raised net impressive amount of $900,000 More >