“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.”
Actively involved in the financial field since 1988, Joseph Akoury has extensive business experience. He began his career in garment manufacturing after studying industrial management at Collège de Bois-de-Boulogne. Thanks to his previous experience as a manufacturer, distributor and retailer, Joseph is better equipped than ever to understand people’s needs and concerns in his new role as commercial real estate broker. Whether it involves property sales, purchases, or leasing, his entrepreneurial skills and vast network of business contacts made throughout the years are valuable assets for NAI Commercial. More >
Laurier Tremblay & Benoit Jacques, guided by their experience, have completed with success their mandate in selling 3 of the National Bank of Canada unoccupied branches in Quebec; these three mandates were previously given to other real estate agencies without succeeding.
NAI Commercial strategy, personalized for the National Bank’s needs, was a direct success within a few months. The efficient marketing approach, the continuous work and the diligent follow-up of the real estate brokers contributed to the conclusion of these three transactions. Both parties appreciated their support and their advices.
The NAI team has met all expectations of this major institutional client. A job well done!!! More >
Our real estate broker Yvan Héroux, long member of the Honor Committee, has also actively participated in the ticket sale to allow Tel-Jeunes and Ligne Parents to pursue their activities in supporting both families and young people in need.
The event was a true success and raised net impressive amount of $900,000 More >
NAI Commercial finds new location for Jean Coutu Group New Headquarters with a 3 million SF Site in Quebec
In February 2013, the Jean Coutu Group called upon NAI Montréal to find a location for its new headquarters and to negotiate the terms and conditions. Among the five properties sourced by brokers François Paquin and Laurent Lauzon, the Jean Coutu Group selected a lot of 3 million square feet in the city of Varennes, Quebec. Construction of the 800 000-square foot complex is slated to begin in 2014 and involves an investment of $190M. The transfer of operations is expected to take place in early 2016. More than 1000 employees will be transferred to the new site. More >
NAI Commercial is pleased to announce the sale of one of BC largest medical distribution companies. The $8.1 million transaction completes the succession plan for the Vendors.
The transaction was negotiated by Alf Sanderson with the assistance of his team, Delon Cheung and Jens Sigvardt of our Vancouver office’s Business Advisory Practice which provided the principle business elements of the deal. For more information, contact Alf Sanderson, Vice President at (604) 691-6646 or Greg McPhie, Managing Partner-B.C. at (604) 691-6643.
NAI Commercial is an integral part of the world’s leading managed network of commercial real estate firms. NAI manages a network with 5,000 professionals and 350 offices in 55 countries worldwide. We bring together people and resources wherever needed to deliver outstanding results for our clients, and complete over $45 billion in transactions annually. Our clients come to us for our deep local knowledge. They build their businesses on the power of our global managed network. To learn more, visit www.naicommercial.ca or www.naibusinesses.ca.
NAI Commercial invites its valued clients as well as retailers, developers, landlords and property owners to visit its booth and to meet with its brokers at the 2013 ICSC Quebec Conference, which will be held June 19-20 at Le Westin Montréal.
A leader in the global commercial real estate market, NAI Commercial’s participation at the conference will provide visitors with a unique opportunity to discuss with members of our team. The firm’s comprehensive service offer also includes market studies, visibility strategies in partnership with its solid global network. By taking part in this event, NAI Commercial highlights its goal to maximize the visibility of its local and international clients, to help them drive their business development and to share its market insight and know-how in view of promoting a long-lasting and mutually profitable partnership.
This prestigious conference hosted by the International Council of Shopping Centers will bring together over 500 retailers as well as inspiring speakers and corporate leaders. NAI Commercial’s participation is in line with its on-going commitment to industry excellence and staying on top of real estate trends. Most importantly, NAI Commercial ultimately aims to help its clients and partners benefit from outstanding visibility and expertise. More >