(Posted on Apr 7, 2017 at 01:00PM by Michelle Bogle)
Valemount Glacier Destinations Ltd. (VGD) and the Province of British Columbia have completed a Master Development Agreement (MDA) approving a major year-round glacier sightseeing and skiing destination near Valemount – a village municipality of 1,018 people in east central B.C., approximately 320 kilometres from Kamloops. The project is estimated at $100 million.
The resort will feature some of the most impressive viewpoints, according to a recent press release by VGD. A modern lift system designed for both sightseers and skiers will take visitors to the summits of Mount Pierre Elliot Trudeau, Twilight Glacier and the majestic McLennan Glacier.Â
“This location opens lift access to one of the best snow zones and reliable climates for snow sports on the continent,†says Tommaso Oberti of Oberti Resort Design and the Pheidias Group. “It will be a true multi-peak experience surrounded by stunning glaciers. VGD embodies the best of B.C. – environmentally sustainable design coupled with some of the best vistas and mountain experiences in the world.â€
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Public access to glaciers with an elevation of over 3,000 meters is said to be a first in North America. A vertical sky drop of approximately 2,050 meters is also considered to be the largest in the region.
The project is in the Premier Range, in the territory of the Simpcw First Nation, from whom VGD has secured support and has worked with from the beginning. “We have appreciated that Chief Nathan Matthew and his Council have seen positively the promise of a significant tourism destination in their territory,†says Oberti in the same release. The Simpcw have participated extensively in the project through their environmental consulting company, Estsek.
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Final surveys and engineering of lifts will be completed this summer. Construction is expected to begin the following summer with a planned phase one opening of Christmas 2018. The entire site will be completed within a 15 to 20-year period over three phases. The resort will have a total of 1,997 commercial and residential units at completion.
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For more information about this project and its impact on the region’s commercial real estate market, please contact Marcus & Millichap’s Vancouver office to speak with an advisor.
And, as we embark into the New Year with great motivation and gusto, we are eager to partner with additional private investors, professionals and institutions to fulfill all of their real estate investment sales, research information and advisory needs as it relates to the following asset categories:
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• Multifamily
• Retail
• Office
• Industrial
• Single-tenant net-lease
• Self-storage
• Seniors housing
• Manufactured homes
• Hospitality
• Land and special assets
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To learn more about the Lower Mainland commercial real estate market and how you can partner with Marcus & Millichap, please contact our Vancouver office for more information. You can also view our current listing by visiting our Property Search Portal by clicking here.
(Posted on Dec 29, 2016 at 12:00PM by Michelle Bogle)
As we are about to embark on a fresh new year, Marcus & Millichap Vancouver is pleased to announce that our office is looking to expand upon our talented team of real estate investment sales associates.
We are currently hiring subject matter experts for our key property specialties, including multi-family, retail, office, industrial, land, senior housing, hospitality, self-storage and more.
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This is a unique opportunity to work and learn from the best in the industry. Through our hands-on training and mentorship program, you’ll benefit from real world experience that propels you into a successful career in commercial real estate sales.
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In this role, you will be responsible for:
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•   Researching potential clients and properties
•   Attending networking and industry events
•   Building relationships with potential clients and referral sources
•   Marketing properties to potential buyers using external/internal platforms
•   Fielding offers on listed properties from interested buyers
•   Working with attorneys, bankers and 3rd parties to coordinate a smooth closingÂ
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After a banner year for Vancouver’s commercial real estate industry, the timing couldn’t be better for you to start your new career with us. In fact, recent data from the Real Estate Board of Greater Vancouver (REBGV) shows that the third quarter of 2016 was the busiest quarter in the last five years with B.C.’s Lower Mainland, logging 645 commercial sales. This figure is up 6.3% from 607 in the same quarter of 2015 while the aggregate value was down 1.9% from last year at $2.4 billion. There is so much opportunity for personal, professional and financial growth within Vancouver’s commercial real estate industry.
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To learn more about this exciting opportunity, please see our job posting by clicking here. Interested applicants can submit their resume and cover letter to yunia.lubega@marcusmillichap.com.Â
(Posted on Jul 19, 2016 at 06:00PM by Michelle Bogle)
Charlie Hughes is a commercial real estate broker with Marcus & Millichap’s Vancouver office, where he specializes in helping sellers and buyers of multi-family properties in the City of Vancouver.Â
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Prior to joining Marcus & Millichap in 2016, Charlie was a top-selling Field Advisor with Tremco, where he worked with building owners and facility managers of hospitals, schools and commercial buildings to develop long-term roof asset management solutions.
He also has a Bachelor of Business Administration (BBA) degree from the University of Washington’s Michael G. Foster School of Business.
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Charlie is a true specialist in the multi-family sub-market. He provides investors with:
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•Timely and impactful news related to their property's value
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•Analyzes and distills market trends to educate his clients about Vancouver’s competitive commercial real estate market
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•Identifies investment opportunities in up-and-coming neighbourhoods
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•Connects Vancouver rental apartment building sellers with Marcus & Millichap’s expansive network of pre-qualified buyersÂ
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To learn more about Charlie Hughes, please click here to view his associate profile.
You can also follow along with Charlie’s blog where he shares the latest commercial real estate news related to multi-family properties in Vancouver.Â
(Posted on Jul 7, 2016 at 01:00PM by Michelle Bogle)
Dustin Miller is a commercial real estate broker with Marcus & Millichap’s Vancouver office, where he specializes in value-add and opportunistic land properties. He exclusively represents investment property buyers and sellers throughout Greater Vancouver and Vancouver Island.Â
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Dustin’s career in British Columbia’s real estate industry began in 2013 with Fair Realty, followed by roles with the British Columbia Investment Management Corporation and Sotheby's International Realty Canada. During his tenure with the BCIMC, he provided strategy and research intelligence for an $18 billion portfolio of real estate assets.
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As a real estate investor himself, Dustin provides his clients with realistic advice when it comes to evaluating a transaction. As an Economics graduate from the University of Victoria, Dustin offers highly analytical insight and utilizes decision-making skills based on opportunity costs, expectations, incentives and statistics.
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To learn more about Dustin Miller, please click here to view his associate profile.
You can also follow along with Dustin’s blog where he shares the latest commercial real estate news related to land assets throughout Greater Vancouver and Vancouver Island.Â