$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.

2.32 acres Site at Abbotsford, BC Sold for $2,250,000

After many initial offers and a call for “Best and Final” offer, Brian Larrivee of NAI Commercial Langley has successfully sold this development site on 2700 McMillan Ave, Abbotsford, British Columbia for 40% more than the asking price.

NAI Commercial Regina Office Market Report Spring 2012

Regina will lead the country in a healthy growth in 2012 at about 3.4%, maintaining its position as one of Canada’s top performers. The office market has had one of the lowest vacancy rate in Canada. The office vacancy rate is currently 1.63%, and is made up on a number of smaller spaces. New office developments will have an impact on the Regina office market coming over 2012 and 2013.

View REPORT

Visit our booth in ICSC Montreal (June 6 – 7, 2012)

NAI Commercial has a booth at the 2012 International Council of Shopping Centres’ (ICSC) Montreal Conference in Quebec, to display and promote our commercial property listings. The event will be held at The Westin Montreal. Please drop by our booth.

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.

$3,200,000 Investment Sale in Saint-Bruno, Quebec

NAI Commercial, represented by Paul-Éric Poitras and Béatrice Roquet, concluded the sale of an industrial property located at 1545 Marie-Victorin Street in Saint-Bruno.

The investment opportunity consisted of a 59,640-square-foot building built in two phases (1988 and 2006) on a lot of 121,753 square feet. The property is fully occupied by Les Systèmes de Distribution Coast (Canada) Inc., a company registered on the New York Stock Exchange.

Société Immobilière IMSO, a Quebec company, acquired the building for $3,200,000 or $53,66 per square foot. The sale was concluded at an OCR of 9.5%.

234,142 sf Industrial Building Sold for $2,400,000 in Laurierville, Quebec

NAI Commercial is pleased to announce the sale of a building belonging to Les Industries de la Rive-Sud Ltée, located at 326 Tanguay Street in Laurierville, south of Quebec City. Alain Côté, real estate broker – commercial, successfully concluded the sale of the 234,142-square-foot building on a lot of 651,137 square feet for the sum of $2,400,000 to the Fédération des producteurs agricoles du Québec. More >

4.8 acre Development Site in Langley Sold for $3,700,000

Aleem Thaver of NAI Commercial Vancouver – has sold a 4.8 acre development site on 19820 – 88th Ave , Langley, British Columbia. The transaction value was $3,700,000.