NAI Commercial would like to invite our valued clients as well as retailers, developers, landlords and property owners to visit our booth and to meet with our brokers at the 2013 ICSC Whistler Conference, which will be held January 26 – 28, 2014 at Chateau Whistler Hotel.
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
DATE: THURSDAY, JANUARY 30, 2014
LOCATION: SURREY BOARD OF TRADE
101-14439 104 AVENUE, SURREY
TIME: REGISTRATION 5:45 PM / PROGRAM 6:00 – 8:30 PM
ADMISSION: FREE – LIMITED SEATING. RESERVE EARLY TO SECURE YOUR PLACE.
Join us for an informal evening of networking, while learning how to value and extract the wealth you have built up in your business.
• Learn how to successfully plan your succession and exit to ensure wealth maximization for you and your family.
• Mingle with local professionals who have experience and skills to help you successfully plan and implement your succession plan during our networking cocktail reception.
Edmonton continues to have one of the strongest economies in Canada. How do we know that? The government issued a total of $1.2 billion in non-residential building permits through the end of June 2013 and there has been an increase of $372 million in non-residential building permits during the first six months of 2013 alone.
• If it’s true that suburban office space is heading towards disaster.
• Why real rents in almost all MSAs are either at or very near their historic lows.
• Why the middle class is forced to move to the suburbs.
• Why the slow recovery of the suburban office sector is cyclical rather than secular.
NAI Commercial is proud to announce that one of its brokers, Anne-Marie Sauvé, is a finalist for the Rising Star Award, which will be presented on November 26 at the awards ceremony organized by Crew Mtl. This prize is awarded to a woman who has less than ten (10) years’ experience in commercial real estate and who is recognized for her sense of commitment, her leadership and her achievements. Please join us in wishing her the best of luck.
L’équipe de NAI Commercial est fière de souligner qu’un de ses courtiers, Mme Anne-Marie Sauvé, figure parmi les finalistes pour le Prix Étoile montante qui sera remis le 26 novembre prochain lors de la Soirée Excellence organisée par Crew Mtl. Ce prix est décerné à une femme ayant moins de dix (10) années d’expérience en immobilier commercial et qui s’est démarquée par son sens de l’engagement, du leadership et leurs réalisations. Joignez-vous à nous pour lui souhaiter la meilleure des chances!
Featuring Jay Olshonsky, NAI Global President & Dr. Peter Linneman, NAI’s Chief Economist
October 24th, 2013, 2013
12:00 PM – 1:00 PM Eastern
Where are we in the recovery? Which MSAs present opportunities? 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:
◾Where are we in the recovery?
◾Changes in job growth
◾Which MSAs present opportunities?
◾Implications of the changing interest rate environment
◾Which markets still hold investment opportunities?
◾Real rent analysis – which markets are below historical averages?
◾Update of real estate capital markets
◾Social security Implications as the Boomers retire
“This seminar is open to all business owners who are considering selling their business in the near future.”
DATE: October 10th, 2013
TIME: 6:00 pm—8:30 pm
LOCATION: Vancouver Club
915 West Hastings Street
DRESS: Business Casual (NO JEANS)
They were the best of times, they were the worst of times; each with too much supply in the face of cyclically low demand. Just as in Dickens’ Tale of Two Cities, every real estate cycle is the same, yet every cycle is different,” Dr. Peter Linneman stated in his recent White Paper, “The Tale of Two Cycles.” Linneman explains that in the crashes of the early 1990s and 2009, there was an abundance of supply for too little demand yet both offer distinctive features and lessons for the future.
Both crashes were not only caused by a much greater supply of space than demand but also due to a retreat of real estate capital. Linneman explains that the crashes evolved into this enigma very differently. Dr. Peter Linneman states, “The recent crash was caused by a sharp decline in space demand meeting modest overbuilding. Thus, the second quarter of 2007 registered a healthy CBD vacancy rate of 9.7%, and most observers (we were among the minority which foresaw a recession) felt that due to the so-called Great Moderation, the demand boom would never end. In marked contrast, the 1990s real estate crisis was the result of out of control development meeting a modest cyclical demand decline.”
In his latest White Paper, Linneman illuminates on the late 1980s. The economy was booming during this time but the supply was increasing so vividly that vacancy rates stayed dangerously high. He states an example on the matter, “Even as the CBD office vacancy rate was 15.6% in 1989, developers refused to stop building, assuming that their new speculative buildings were immune to the forces of supply and demand. Hence the recessionary decline in demand in 1990 caused a complete real estate collapse due to the already existing excess supply and a burgeoning pipeline of new supply.”