NAI Commercial would like to invite our valued clients as well as retailers, developers, landlords and property owners to visit our booth and to meet with our brokers at the 2016 ICSC Whistler Conference, which will be held January 24 – 26, 2016 at Fairmont Chateau Whistler Hotel.
NAI Commercial has invested considerably to ensure optimal visibility for the company and its local, national and international clients. The conference is an excellent platform to meet with brokers and retailers present throughout the event, to gain insight on new or existing real estate projects and to promote business growth and development.
The 11,846 SF building size of Retail Block has frontage of 132 ft on Denman Street and 82 feet depth on Haro Street surrounded with well-known retailers and popular eateries. The site occupies the entire block with a three side exposure. Long-time tenants include True Confections.
The subject property is situated in the excellent location on the northwest corner of Royal Avenue and First Street in New Westminster. The property is just one block northeast of beautiful Queens Park. Beautiful views of the Fraser River as well as the North Shore mountains. The apartment building is 800 meters from the Columbia SkyTrain Station.
Happy New Year – and Welcome to 2016!
Much happened in Canada during the fourth quarter of 2015. The most significant was Justin Trudeau and the Liberals receiving 39.5% of thevote and winning 184 of the 338 seats, or 54.4% of the total, to form a Liberal majority government. Will that affect the commercial real estate industry – and if so, how? We will have to wait and see.
As for this year-end report, let’s start by looking at the numbers for all of 2015 before looking at the specifics for the last quarter.
As we reported at the end of 2014, the price of oil dropped from $80.00 per barrel to around $50.00. It continued to fall in 2015, finishing at
$36.00 per barrel – and hitting the Canadian economy hard. >>VIEW REPORT
We are excited to report another strong year in both multi-family and land development sales. As expected, the number of available properties for sale remains limited, which continues to drive prices higher. We believe the trend of a continuously evolving development market as well as a low inventory of rental buildings will continue in 2016. Real estate headlines are likely to remain dominated by the topic of increasing land prices.
Two industrial buildings on the ideal location in Chilliwack Industrial Area, 44444 Progress Way, with a total of 37,000 SF on 3.5 acre lot was sold by Ted Weibelzahl of NAI Commercial Langley. One of the building is the 25,000 sq.ft Storage Warehouse while the other building is the 12,000 sq.ft ± Production Plant.
NAI Commercial is pleased to announce the sale of Best Western Plus Downtown Vancouver Hotel on 718 Drake Street, Vancouver by Vice President of NAI Commercial, Aleem Thaver. The transaction is approximately $40 million.
144-room hotel conveniently located in the prime area of Downtown Vancouver facing Granville Bridge and nearby all the amenities.
DTZ Nanaimo Joins NAI Commercial
NEW YORK, NY – December 10, 2015 – NAI Global, the single largest, most powerful global network of owner-operated commercial real estate brokerage firms, today announced that its Canadian Member, NAI Commercial, has expanded its capabilities through the addition of DTZ Nanaimo in Nanaimo, British Columbia. The firm, which will be known as NAI Commercial Central Vancouver Island, effective January 1, 2016, will continue to operate under the local leadership of Bob Moss.
“We are pleased to offer our Member firms and their clients greater access and additional opportunities through NAI Commercial’s expansion into this market,” said NAI Global President Jay Olshonsky, SIOR, FRICS. “We have the highest level of confidence in the team’s continued ability to represent NAI Global throughout Canada.” More >