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.
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
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.
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.
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.
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%.
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 >
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.