Merger expands NAI Commercial’s services capability in Vancouver BC

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NAI Global Expands Into the Greater Calgary Area with NAI Advent

NAI Global, the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today its expansion of coverage into the Calgary province of Alberta, Canada, with the addition of NAI Advent.

Headquartered in Calgary, NAI Advent is a full-service commercial firm offering a complete range of real estate services including buying and selling, leasing, development, group investment and property management services. NAI Advent was co-founded by Garry Bobke, Sid Smith and Luke Stiles, all industry veterans with extensive experience in the commercial real estate industry.

“NAI Global is a tremendous commercial real estate organization with a global platform that will allow us to broaden our services and enhance our ability to provide world-class service to our clients,” said NAI Advent Business Director, Sid Smith CCIM. “We are excited about our affiliation with NAI and the opportunity it provides to partner with other firms to enhance our client services regionally and globally.”

“We are proud to have Sid and his team embrace and build the NAI brand across the Greater Calgary Area,” said NAI Global Executive Vice President, David Blanchard. “Our business continues its upward trajectory. Calgary is a critical Canadian market for us. We are excited and confident that NAI Advent’s extensive local knowledge, relationships, commitment quality and results will greatly benefit our corporate and investor clientele.”

NAI Global is among the largest commercial real estate services organizations in the world, comprising 5,000+ professionals in 55 countries in more than 350 offices. NAI advisors such as NAI Advent work in tandem with its global management team to ensure clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage over 300 million square feet of commercial space.

NAI Advent is located at 833 34th Avenue SE Calgary, Alberta T2G 4Y9 Canada

Development Site adjacent to Richmond Olympic Oval Sold for $36M

Rick Lui of NAI Commercial represented the Buyer in this transaction which was a joint venture between Intracorp and MYIE Homes.

This 5.05 acre development site located on 5440 Hollybridge Road, Richmond currently has warehouse revenue in place but soon will be home to three high-rise towers comprising about 586 residential units with commercial and retail on the ground, located adjacent to the Olympic Oval in Richmond.

40,000 sf Medical Building Sold for $6M in Kamloops

The summer period has been a good one for Peter Seed of NAI Commercial Vancouver. Amongst other deals is the sale of a 40,000 s.f. medical building located on two acres in downtown Kamloops adjacent to the general hospital. The property includes some national retailers including Starbucks and Rexall. This investment yields 6.5%.

White Rock’s Waterfront Development Site Sold for $4.5M

Gary Haukeland and JD Murray of NAI Commercial Vancouver sold the 29,800 s.f. water front development site on 14807 Marine Drive, White Rock, B.C. The property is zoned CS-1 and should result in 67 new residential units and 9 commercial units at the foot of Buena Vista Ave on Marine Drive.

Two 18-Suite Apartment Buildings in Vancouver West Sold for $8.7 Million

Terry Harding and Jackson Tang of NAI Commercial – Vancouver have recently sold 2 adjacent 18-suite apartment buildings on 1610 & 1620 Haro Street in Vancouver’s West end, British Columbia to 2 different vendors. Each building sold price was $4,350,000. Located on the southwest corner of Haro and Cardero Street. It is located in the Central Portion of the West End district. Only 1 block to Robson St and 2 blocks to Denman St. This area has access to the waterfront area of Beach Avenue and Stanley Park and is within walking distance to the Central Downtown business district and shopping corridor of Robson Street.

Unprecedented Global Government Intervention

As regulatory legislation becomes increasingly burdensome, businesses are at the mercy of an unfamiliar and ever changing political landscape,” states NAI Global Chief Economist Dr. Peter Linneman.

In his latest white paper, “Unprecedented Global Government Intervention,” NAI Global Chief Economist, Dr. Peter Linneman, discusses the dangers and pitfalls of the extraordinary wave of global government intervention we are currently witnessing in capital markets. Citing historical examples, he demonstrates that intervention leads to prolonged periods of stagnation and uncertainty; “In all, government activity is now deterring the very investment it was hoping to spur.”

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Project to build a National Training Centre in Quebec valued at $50 million

NAI Commercial is pleased to announce that the Fédération du baseball amateur du Québec has drafted the Lacombe-Coulombe team on their project to plan and build a national training centre. This large-scale endeavour is valued at $50 million and will include a 5000-seat stadium as well as several related facilities such as training rooms, professional and administrative offices, and various businesses.

Robert Lacombe, Jean-Luc Lacombe, Daniel Coulombe and Sylvie Coulombe are the real-estate brokers involved in this project. They will study its specific needs, taking into account the managers’ values and ideologies; analyze the market to strategically target potential properties; and will develop and negotiate a proposal with the various stakeholders and decision-makers to ensure the project’s timely completion.

The Lacombe-Coulombe team and their client are currently evaluating potential land in the Laval region.

Please contact Jean-Luc Lacombe at 514-229-4499 for questions or further information.

$4,770,000 Jameson House Office Unit Sold in Vancouver Downtown Core

NAI Commercial, represented by Alf Sanderson and Delon Cheung, concluded the sale of the entire 8th floor office unit with area of 7,500 sf in new Jameson House located at 838 West Hastings in Vancouver, B.C. The transaction value was $4,770,000. More >

Produits Sany Inc. is expanding in Joliette, Quebec

Daniel Coulombe, chartered real estate broker of NAI Commercial Montreal, is pleased to announce the sale of the building at 830 Saint-Pierre Street South in Joliette.

Paul Sanschagrin, president of Produits Sany Inc., acquired this large property in view of consolidating and modernizing his Joliette facilities. It is located near the entrance of the industrial park, facing the city’s bypass road Route 158; less than a kilometer from Highway 31 and the region’s major roadways.

The 51,500 sq ft building sits on a lot of 400,000 sq ft and will house both the head office and all of the company’s production and distribution activities.

This building provides the buyer with the advantage of being able to expand his operations without having to renovate the existing parking or interior architecture.

This investment was necessary to maintain the company’s rapid growth. Daniel Coulombe wishes the best of luck to the entire Produits Sany team.