Terry Harding and Jackson Tang of NAI Commercial – Vancouver has recently sold an apartment building on 6557 Burlington Ave, Burnaby, BC. The building is situated on the west side of Burlington Avenue between Kingsway and Grimmer Street. Metrotown Shopping Mall, SkyTrain and parks are only 2 blocks away. The transaction value was $5,000,000.
Rick Lui and Anne Chow of NAI Commercial – Vancouver arranged the sale $7,300,000 sale of concrete office builidng and parkade on 211 E. Georgia St, Vancouver, BC. This 6-storey, concrete office building comprises of over 13,000 s.f. of strata office units facing Main Street and a 163 parking stall parkade with 62,537 s.f. There is approximately 7,800 s.f. of retail space on the ground floor and a full-height basement with about 10,000 s.f. of rentable area currently vacant.
SK Jeon of NAI Commercial – Langley has sold an office building on 20644 Eastleigh Crescent, Langley, BC with 33,600 sf buildng size on 1.21 acre lot. The transaction value was $7,575,000.
NAI Commercial is pleased to announce the sale of Vision Chevrolet dealership’s property located 150 Taschereau Boulevard in La Prairie, for nearly $5M. The 166,179 square foot lot and 30,686 square foot building will be used by Groupe Park Avenue for a new concept slated for spring 2012. This is NAI Commercial’s sixth transaction with Groupe Park Avenue in the last three years alone. Five of these transactions took place on Taschereau Boulevard, between Brossard and La Prairie, proving that NAI Commercial and its brokers Laurent and Vincent Lauzon are experts in this sector!
According to the brokers and the current demand, several projects are expected in the Taschereau Boulevard area, where land is becoming increasingly scarce. NAI Commercial now relies more on redevelopment projects to find the ideal properties for its clients.
NAI Commercial is pleased to announce the sale of a lot owned by Hydro-Québec on Lionel-Boulet Boulevard, in Varennes.
Covering an area of 854,844 square feet and priced at $2.80 per square foot, the land was sold for $2,393,563. Paul-Eric Poitras’ team completed the transaction less than six months after the exclusive brokerage contract was obtained.
“We are extremely satisfied with the services provided by NAI Commercial. We especially liked NAI Commercial’s RealTRAC™ Online system, which informed us of all inquiries regarding our property. RealTRAC™ helps us keep up in this ever-changing world!” explains Benoit Comtois, Advisor – Real Estate, for Hydro-Québec.
“There is simply not enough European bank capital to cover the losses associated with Greece and any defaults by Spain, Portugal or Italy” says NAI Global Chief Economist Dr. Peter Linneman.
In his latest white paper, “Global Economic Round-Up”, NAI Global Chief Economist, Dr. Peter Linneman, evaluates the state of the global economy in Europe, Asia and the United States including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery.
The white paper addresses the future of the Euro, the rapid growth and rising vulnerabilities of the Chinese and Indian economies, and the potential for long-term economic malaise in the United States absent leadership from any branch of the U.S. government.
Vancouver, BC, January 25, 2012 — NAI Global, the largest network of independent commercial real estate firms worldwide, announced today that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally based NAI Commercial – Vancouver, is the B.C. representative of NAI Global.
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee. More >
We are pleased once again, to present you with the NAI Commercial Multi-Family Report for 2012.
Our report provides you with:
- all the multi-family transactions for 2011 with historial comparisons with 2009 and 2010
- an overview of the Vancouver Regional Market
- separate identification of the 17 submarkets in the region
- market insight into the Vancouver, Burnaby and Fraser Valley markets for the coming year
- our “Best Bets” for 2012
Click here to view NAI Commercial Multi-family Market Report
Please review our data carefully and we would appreciate any feedback you may have on our report.
NAI Commercial has a kiosk at the 2012 International Council of Shopping Centres’ (ICSC) Whistler Conference in British Columbia, to display and promote our commercial property listings. The event will be held at Fairmount Chateau Whister, British Columbia.
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.
Where are We in the Recovery, and What is the Impact on the Global Economy? Which MSAs are faring the best? Is quantitative easing helping or hurting? Join us as NAI Chief Economist, Dr. Linneman, provides an update on the real estate capital market and pricing; the impact of a lack of political leadership; the declining U.S. education system and the future of the Euro.
Join NAI Chief Economist Dr. Peter Linneman for an insightful discussion on these topics and more.
Global Economic Outlook with Dr. Peter Linneman
Date: January 19, 2012
Time: 1:00 PM Eastern / 10:00 AM Pacific