Archive for November, 2010
The Canadian economy, led by exports and a strong commodity cycle, performed well through 2010. Anchored by a stable banking sector, the Canadian economy out-performed most other economies in the developed world. GDP growth is expected to be 3% for 2010. But the overall economy faces headwinds going forward. In particular, a weak U.S. dollar has driven the Canadian dollar towards parity, slowing our trade with our largest trading partner. And an already slow recovery in the U.S. will keep a lid on Canadian growth prospects for 2011. The result is a slower growth of GDP, now forecast at 2.3% for 2011. More >
Paul-Eric Poitras, senior associate at NAI Commercial is proud to announce the sale of Ampère in Boucherville to BMR Le Groupe. The 160,750 sq. ft building built in 1977 and renovated in 1996 sits on a 387,420 sq. ft. lot and was sold for $7,500,000 which represents $46.87 per sq. ft. This commercial and industrial property has 28 foot-high ceilings as well as an excellent view of highway 20. Paul-Eric Poitras represented both parties in this transaction. This sale represents the largest industrial transaction on the South Shore in 2010 so far.
NAI Commercial is helping Le Groupe Master SEC with the renewal of a lease in Saint-Laurent. Paul-Eric Poitras and Alain Coté were hired for the renewal of the 25,000 square feet building on Lebeau Street in Ville Saint-Laurent. They have negotiated a long-term agreement with Rosdev to the satisfaction of both parties. The space is currently being used for administrative offices, a warehouse and a store. The space will also be renovated.