“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.
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 >
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.
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.
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
Date: January 19, 2012
Time: 1:00 PM Eastern / 10:00 AM Pacific
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.
Benoit Jacques, François Paquin and Serge Marcotte, real estate brokers – commercial for NAI Commercial, recently concluded the sale of a 66-unit apartment building in prestigious Town of Mount Royal. The six-story concrete structure is located a mere 200 metres from Rockland Centre and is surrounded by two beautiful green spaces. Despite the outstanding construction quality of the building and great number of potential buyers interested in the property, the brokers sought the advice of legal experts to protect both parties, since the seller was a trust acting on behalf of a family member. Though the transaction was delayed by a few weeks because of this issue, it was concluded to the satisfaction of everyone involved.
The NAI Commercial team was once again successful in adding another multiresidential property to its portfolio.
The sales team is proud to announce the launch of a new commercial and office development project in Laval. Two buildings of two stories each, an area of 64,800 square feet, will be built on the lot at the corner of Curé-Labelle Boulevard and Louis-B.-Mayer Street. This project will house a private medical clinic, as
well as several complimentary tenants. The development aims at creating a harmonious balance between offices for professionals and retail businesses. Square footage is still available. For further information, please contact Richard Sauvé, SIOR at tel:(514)866-3333. More >
According to Ted Parcel, Senior Vice President of NAI Global Corporate Services, the answer is yes and no. Space measurement does not matter in cases where there is annual or monthly rent defined in the contract in terms of absolute dollars and there is no pass throughs of common area expenses to the tenants. In most other cases size matters and here is why.
Many contracts provide for a rental rate on a dollar per square foot basis. The basis may be rentable, gross, or usable and there are a number of alternative space measurement standards. In these cases, the rent is multiplied by the area of the demised premises so an incorrect rental rate can lead to a discrepancy between what is actually being rented and the amount of the rent. More >
Doug O’Neill of NAI Commercial – Vancouver has sold an industrial building on 3210 Lake City Way, Burnaby, BC with 32,000 sf buildng size on 1.4 acre lot. The transaction value was $5,100,000.