Archive for January, 2012
Sale of 854,844 sf Land owned by Hydro-Quebec in Varennes, Quebec
Jan 31st
NAI Commercial is pleased to announce the sale of a lot owned by Hydro-Québec on Lionel-Boulet Boulevard, in Varennes.
Covering an area of 854,844 square feet and priced at $2.80 per square foot, the land was sold for $2,393,563. Paul-Eric Poitras’ team completed the transaction less than six months after the exclusive brokerage contract was obtained.
“We are extremely satisfied with the services provided by NAI Commercial. We especially liked NAI Commercial’s RealTRAC™ Online system, which informed us of all inquiries regarding our property. RealTRAC™ helps us keep up in this ever-changing world!” explains Benoit Comtois, Advisor – Real Estate, for Hydro-Québec.
NAI Global Chief Economist Evaluates Global Economy in Latest White Paper
Jan 30th
“There is simply not enough European bank capital to cover the losses associated with Greece and any defaults by Spain, Portugal or Italy” says NAI Global Chief Economist Dr. Peter Linneman.
In his latest white paper, “Global Economic Round-Up”, NAI Global Chief Economist, Dr. Peter Linneman, evaluates the state of the global economy in Europe, Asia and the United States including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery.
The white paper addresses the future of the Euro, the rapid growth and rising vulnerabilities of the Chinese and Indian economies, and the potential for long-term economic malaise in the United States absent leadership from any branch of the U.S. government.
Acquisition of NAI Global by C-III Capital Partners is Complete
Jan 25th
Vancouver, BC, January 25, 2012 — NAI Global, the largest network of independent commercial real estate firms worldwide, announced today that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally based NAI Commercial – Vancouver, is the B.C. representative of NAI Global.
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee. More >
Multi-Family Report for Greater Vancouver 2012
Jan 25th
We are pleased once again, to present you with the NAI Commercial Multi-Family Report for 2012.
Our report provides you with:
- all the multi-family transactions for 2011 with historial comparisons with 2009 and 2010
- an overview of the Vancouver Regional Market
- separate identification of the 17 submarkets in the region
- market insight into the Vancouver, Burnaby and Fraser Valley markets for the coming year
- our “Best Bets” for 2012
Click here to view NAI Commercial Multi-family Market Report
Please review our data carefully and we would appreciate any feedback you may have on our report.
Visit our ICSC Whistler Booth (January 21 to 23, 2012)
Jan 21st
NAI Commercial has a kiosk at the 2012 International Council of Shopping Centres’ (ICSC) Whistler Conference in British Columbia, to display and promote our commercial property listings. The event will be held at Fairmount Chateau Whister, British Columbia.
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.
Global Economic Outlook Webcast with Dr. Peter Linneman
Jan 18th
Where are We in the Recovery, and What is the Impact on the Global Economy? Which MSAs are faring the best? Is quantitative easing helping or hurting? Join us as NAI Chief Economist, Dr. Linneman, provides an update on the real estate capital market and pricing; the impact of a lack of political leadership; the declining U.S. education system and the future of the Euro.
Join NAI Chief Economist Dr. Peter Linneman for an insightful discussion on these topics and more.
Global Economic Outlook with Dr. Peter Linneman
Web Conference
Date: January 19, 2012
Time: 1:00 PM Eastern / 10:00 AM Pacific
Paris Musee Grevin is coming to Montreal
Jan 4th
Paris’ famous Musée Grévin wax museum will open a branch in downtown Montréal in spring 2013, and will feature 120 wax figures depicting famous Quebec and International personalities.
A subsidiary of the Compagnie des Alpes, Musée Grévin Montréal will settle into the Eaton Centre (ownedby Ivanhoé Cambridge), renting the space vacated by the movie theatre several years ago, and where the temporary exhibits of Titanic and Bodies were held.
This prime location (Sainte-Catherine Street, McGill College Street, De Maisonneuve Boulevard), is easily accessible by metro, and linked to 63 interconnected buildings, as well as nine large hotels. The Musée Grévin’s window display will overlook the Eaton Centre’s atrium on Sainte-Catherine Street.
The Montréal museum, a first Grévin to open outside of France, is to become a popular meeting place, showcasing only the latest technologies. The arrival of the Musée Grévin is a significant asset for the city and the greater metropolitan area. Involving a 13 million dollar investment by the Compagnie des Alpes, the opening of the museum will create 30 new jobs in Quebec, and will be a valuable addition to the city’s cultural landscape.
NAI Commercial Montreal office agent – Laurier Tremblay’s solid expertise in commercial and office building real estate brokerage spans more than 25 years. He represented and assisted the Musée Grévin in its search for a space, and throughout negotiations with the leasing company. His participation was a key factor in the successful completion of this transaction.
