Vancouver Downtown Core Jameson House Office Unit Sold by NAI Commercial for over $4.7 M

Alf Sanderson and Delon Cheung of NAI Commercial Vancouver office concluded the sale of the entire 8th floor office unit with area of 7,416 SF in Jameson House on 838 West Hastings in Vancouver, B.C. The transaction value was $4,750,000.

Designed by world renowned architectural firm Foster and Partners, Jameson House office tower is located at downtown Vancouver. The office unit features exposed architectural concrete ceilings with suspended ambient lighting, opening windows and a raised floor system for power, data and air. Floor-to-ceiling glazing on three sides provides abundant natural light.

NAI Commercial attended 2015 ICSC Quebec

Once again this year NAI Commercial was pleased to have a booth at the ICSC Quebec Conference held at the Westin Montréal, June 10th & 11th 2015.

NAI Commercial made a good impression on active provincial and national developers and retailers. Presenting a wide variety of real estate located across Canada allowed us to consolidate our image as a national and international network. More >

Affordable Storage Centre Sold by NAI Commercial for $15.7 M

NAI Commercial is pleased to announce the sale of Affordable Storage Centre on 61 Broadway Boulevard, located in the prosperous and sought-after community of Sherwood Park, Alberta by our Langley office – Ken Kiers & Ken Hick.

Affordable Storage Centre has 417 storage units with land area of 3.95 acres is set amongst big-box retailers such as Costco Wholesale and Save-On-Foods, Tim Hortons, Dollarama, A&W, BMO, several major car dealerships, hotels and many other restaurants and retailers. The property is located on Broadway Boulevard, between Broadmoor Boulevard and Baseline Road. Baseline Road, just to the south, connects Sherwood Park to Anthony Henday Drive, which provides freeway access to all corners of the City of Edmonton. Because of its superior location, the occupancy rate of this well-established facility always remains in the high ninety percentile.

NAI Commercial participated in Habitat for Humanity – Global Village Bali

A Global Village build abroad is an enormously rewarding and life changing experience. NAI Commercial Senior Vice President, Gary Haukeland, has the honoured with privilege to lead and participate in the Habitat for Humanity – Global Village to Bali, Indonesia from May 9th to 20th, 2015. Gary has the opportunity to roll-up his sleeves and make a difference.

Multi-Family Investment Opportunity in Lachine, Quebec

New on the market! Unique investment opportunity for owner occupant in Lachine (Quebec)

NAI Commercial, represented by Shlomo Benarroch, has been mandated exclusively for the sale of 401-403, des Érables, Lachine.

This investment property with visibility and accessibility from Highway 20 is ideal for an owner occupant and includes 5 apartments units.

The asking price is $1,125.000

Please review the listing flyer and/or contact the listing Real Estate Broker. More >

NAI Global Economic Briefing Featuring Dr. Peter Linneman on May 21st

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:

    What inning is the recovery in?
    Is the market overheating?
    Is there finally light at the end of the economic tunnel?
    As tapering ends, will rates finally rise?
    What are banks doing with all their money?
    How vulnerable are cap rates?
    Update on oil prices.


13,000 SF Freestanding Distribution Facility in Delta, BC sold by NAI Commercial

Doug O’Neill of NAI Commercial – Vancouver has recently sold a Distribution Facility with 13,000 SF building size on 2.25 acres on 1659 Fosters Way, Delta, British Columbia for $4,700,000. The freestanding building is located in the highly sought after industrial area of Annacis Island, Delta.

Sale of a 4,898 SF Industrial Property near Mascouche train station, Quebec

NAI Commercial, represented by team Lacombe-Coulombe (Daniel Coulombe, Sylvie Coulombe, Jean-Luc Lacombe, Robert Lacombe) announces the sale of 1370 de la Gare, Mascouche, a 4,898 sq ft industrial condo that includes an additional private fenced lot of 4,579 sq ft.

Having already two other transactions in the same complex, the vendor chose team Lacombe-Coulombe for its effective results.

On his part, the buyer will operate a new business consisting in the preparation and maintenance of ice surfacing machines for arenas. More >

Oil Economics – The Linneman Letter from NAI Global Chief Economist

The big questions on everyone’s mind are, “What do low oil prices mean?” and “Will they remain low?” The volatility of crude prices has increased since 1994. From 1964-1993, the standard deviation of real crude prices was $24 per barrel. In contrast, the standard deviation of prices for the most recent 20 years was $31 per barrel. In the
first quarter of 2008, immediately before the Great Recession, real oil prices increased 41%, from $104 per barrel to $146 per barrel, a 50-year high. Since 2008, real oil prices have been volatile, with crude plummeting to $43 per barrel in the first quarter of 2009 before rising to $116 by the second quarter of 2011, and subsequently declining to current pricing.
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NAI Commercial Q1-2015 Office Report on Metro Vancouver

The first quarter of 2015 closed with little change over the last quarter of 2014. Crude oil is still hovering around $50 a barrel. Since oil has such a strong influence on Canada’s economy, the Canadian dollar seems to have stabilized around $0.80. US.

The Canadian unemployment rate fell through 2014. That trend continued into 2015 with the unemployment rate falling to around 5.5 percent. Locally, we are happy to report that the Vancouver Office Space market is continuing on a steady, level path. Last quarter we reported a vacancy rate Downtown of 10.2 percent; that has increased slightly to 10.5 percent. The Suburban market shows a decrease of just 0.3 percent in vacancies. The Vancouver periphery market has decreased 0.4 percent.

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