15.1 Acre Residential Development Site in North Vancouver Sold for $2.75 M

Gary Haukeland and JD Murray of NAI Commercial Vancouver has completed the sale transaction of the residential development site on Riverside Drive, North Vancouver for $2,750,000. The property is located on the East side of Riverside Drive and runs North-South between Carnation Street and Bendale Road, in the District of North Vancouver’s Riverside community. The property is close to Capilano University, Park & Tillford and Parkgate Village Shopping Centres as well as easily accessible to the Trans Canada Highway and the Iron Workers Memorial Bridge.

NAI Commercial Regina Industrial Report 2013

Demand for industrial property in Regina gained momentum through 2012 and will continue to do so into 2013. There are three main areas of industrial development in Regina. The three areas are the Ross Industrial Park in Regina’s northeast, the North Industrial Park in the Evraz (steel plant)area and the newly formed Global Transportation Hub.

Vacancy rates across the board are at historically low values. The rental rates have steadily increased over the past 5 years. It is thought that they may plateau in late 2013.

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Ashlar Urban Realty’s Multi-Residential Services Group is please to present our annual market report of the Greater Toronto Area multi-family market, summarizing 2012 activity and forecasts for opportunities in 2013.

If you are active in the multi-family sector, this information will be invaluable to you. The report contains key industry metrics, cap rates by municipality, debt market overview, plus commentary, and discussion of key transactions. We have summarized opportunities going forward and discuss important decisions facing all owners of apartment buildings today.

If you have any questions on assets in your portfolio in terms of current value, best value renovations or retrofits, or other market information, simply contact us to discuss same on a confidential basis. If you are actively seeking properties, be sure to get in touch with us, if we haven’t connected with you yet, to determine which off market opportunities are best fits for you.

Ashlar Urban is a member of NAI Global, one of the world’s leading providers of commercial real estate services.

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Redevelopment Site with Retail & Office Building close to South Granville False Creek

JD Murray and Gary Haukeland of NAI Commercial Vancouver closed the sale of a $2.1 Million retail/office building on 1234 W 6th St, Vancouver, with an approximate total floor area of 3,200 sq.ft., on a 6,000 sq.ft. lot. The building currently is being used as a music recording studio. There are five (5) surface parking spaces located at the front of the property with one point of ingress and egress onto West 6th Avenue.

NAI Commercial Multi-Family Market Report 2013

We are pleased to present you with the NAI Commercial Multi-Family Report for 2013.

2013 NAI Commercial Multi-family Report from NAI Commercial gives you information on all the sales activity in the past year. It is also full of helpful tips on what areas to look for when considering a multi-family investment. There is information on what is going on with the interest rates and how they will affect the markets throughtout the year. We have identified the best markets to be looking into when considering buying and why. 

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Richmond Strip Mall sold for $6.3 million

Rick Lui of NAI Commercial Vancouver sold the 13,639 sf Strip Mall on 8171 Alexandra Road, Richmond, B.C. This high traffic strip mall was fully leased with 5 ground retail tenants and an upper office located at the busy corner of Alexandra Rd and Hazelbridge Way.

Storage Centre in Edmonton sold for $8.5million

NAI Commercial is pleased to announce the sale of the Affordable Storage Centre, located in the prosperous city of Edmonton, Alberta by Ken Kiers and Ken Hick.
This very well situated, self-storage facility fronts on the very busy St. Albert Trail in the northwest area of the city. Weekday traffic volumes exceed 45,000 vehicles per day, as St. Albert Trail, a major artery, connects Edmonton to its largest suburb, St. Albert.

The sold property is comprised of 16 metal-framed, self-storage buildings, 436 units. Ken Kiers and Ken Hick of NAI Commercial Langley sold this 64,592 sf industrial property on 13441 St. Albert Trail/ 13431 & 13432 143rd St., Edmonton Alberta for $8,500,000.

The property borders on a major entertainment and shopping centre with tenants such as: Cineplex Odeon North Edmonton Cinemas, Moxie’s Classic Grill, Tony Roma’s, Booster Juice, Royal Bank of Canada, Sleep Country, Golf Town, World Health, Club Fit and many others.

NAI Commercial completed a 16 Million Multi-Family Building portfolio deal in Prince George and Quesnel in B.C.

Peter Seed of NAI Commercial Vancouver has successfully completed a multi-family building portfolio deal that consists of 5 Multi-Family Buildings in Prince George & Quesnel, BC for $16,825,000. The multi-family building portfolio includes the Boitanio Apartments, Renaissance I & II, Cedar Tower and Pioneer Tower with a total of 575 suites.
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After over 3 years of negotiating a complex transaction, NAI Commercial closed the sale of three school campuses, which were relocated to a single large campus situated in Ville St-Laurent. NAI was the only real estate agency involved in this transaction.

The overall project, estimated at over $30 million, is part of a major development project by Vanguard Schools Quebec Limited. Through this investment they will see a 30% increase to their student capacity by 2015.

The complex, located at 5935 Côte-de-Liesse, will finally have a new vocation in the next year, after two decades of inactivity. In addition to major renovations on their way (addition of a gymnasium), the school will gain a new mission in establishing an expertise center dedicated to continuous teacher education.

The brokers, Francois Paquin, Jacques Benoit, Richard Sauvé, Anne-Marie B. Sauvé and Vincent Lauzon are proud to have participated actively in this project. Together they managed the various challenges that were presented to them, such as administration councils, zoning, scarcity of sites, timing of sales with regard to the acquisition, financing, and others.

It is with great pleasure that we anticipate the fulfillment of this project with the announcement of the sale of their last campus, scheduled for early 2013.


Les Serres du St-Laurent Inc., the main greenhouse tomato producer operating under the Savoura brand name, mandated Alain Côté from NAI Commercial to sell their building, located at 335 Chemin Ste-Marie in Ste-Marthe. This greenhouse, which has a total area equivalent to 4 football fields and can produce 63,000 tomato plants, was sold to Les Serres Nouvelles Cultures Inc., which specializes in the production of organic tomatoes.