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.

$3,650,000 Development Site Sold in New Wesminster, BC

Jon Meder and Aleem Thaver of NAI Commercial Vancouver – sold a 26,136 sf development site on 813, 819, 823 Carnarvon Street, British Columbia. The transaction value was $3,650,000.

The subject property is situated in the downtown business district of New Westminster. Ideally situated directly across the street from the New Westminster SkyTrain station which is the beginning of the Millennium line providing service to Royal Columbian Hospital and Lougheed Mall in Burnaby.

The property is directly across the street from the new “Plaza 88” development with three apartment towers and 200,000 sq.ft. of commercial spaces.

Global Economic Outlook with Dr. Peter Linneman – July 11

We are recovering but will we ever be Back to Historical Trends? Join us as NAI Chief Economist , Dr. Linneman, provides his insights including why our economy and capital markets are still in uncharted waters; why commercial real estate investors are in a window of opportunity; the root cause of the Euro’s problems and more.

Join NAI Chief Economist Dr. Peter Linneman for an insightful discussion on these topics and more.
Global Economic Outlook with Dr. Peter Linneman Web Conference

Date: July 11, 2012
Time: 1:00 PM Eastern / 10:00 AM Pacific
Click here to register

25,000 sf Industrial Building in Prime Richmond Location Sold for $4,850,000

Rick Lui of NAI Commerical Vancouver concluded the sale of an 25,000 sf industrial building on 5700 Cedarbridge Road, Richmond, BC for $4,850,000. The subject property is located at the south east corner of Cedarbridge Way and Lansdowne Road in Richmond BC. It is only a short walking distance to the Lansdowne Rapid Transit Station and the Lansdowne Shopping Mall. With the coming expansion of Lansdowne Road, one can walk to the scenic Fraser River Bank and the Olympic Oval Skating Ring in just a few minutes.

Court Ordered Sale Tobiano Golf Course, Kamloops, B.C. for $5.5 million

NAI Commercial is pleased to announce the Court Ordered listing of the Tobiano Golf Course at 38 Holloway Drive in Kamloops, B.C., for The Business Development Bank of Canada. The property totals 231.3 acres – comprehensive development zoned (CD-1A) for golf course and other various uses – with a 10,129 square foot clubhouse, a 9,158 square foot maintenance building, and equipment and inventory for the golf course, restaurant, and pro shop. Tobiano is ranked 16th in SCOREGolf’s Top 100 courses in Canada, Top Public course in BC, and 3rd Best Course in BC overall for 2011. Tobiano was also rated 8th in the Top 15 Modern Courses (1960 – present) in Canada and has been rated the Top Public course in B.C. three years running, since it has been open for play in 2008.