Social Community Portal
Real Estate News for Vancouver
Latest Real Estate News Vancouver
Showing posts for category Commercial Real Estate in B.C. (Back to Index)
Showing posts for category Commercial Real Estate in B.C. (Back to Index)
(Login)
Marcus and Millichap: Your Source for Vancouver Commercial Real Estate
Tags:
(Posted on Mar 31, 2017 at 01:00PM by Michelle Bogle)
One year ago, Marcus & Millichap expanded into the highly-competitive Vancouver marketplace after many years of success as a leading commercial real estate investment services firm in the United States.Â
Â
Since then, we’ve had the opportunity to establish our operations as Marcus & Millichap Vancouver, providing commercial real estate investors with our expert sales, research information and advisory services across British Columbia.
Â
We’ve also managed to grow our team from a handful of associates to a full-fledged panel of professionals who specialize in a range of assets, including multi-family, retail, office, industrial, single-tenant net-lease, self-storage, seniors housing, manufactured homes, hospitality, land and special assets.
Â
Our service offering remains unique in that we solely focus on commercial real estate sales – sales being the operative word, as our portfolio does not include property management or leasing.Â
Â
Our brokers are also trained as sole-asset focused advisors with geographical specialization, offering our clients superior expertise and proficiency. Whether you are looking to invest in a retail asset in downtown Vancouver, a seniors’ residence in Kelowna or a hospitality property in Squamish, our associates have the knowledge, know-how and professional network to make it happen.
Â
And, speaking of networks, Marcus & Millichap is highly connected and well-established across the industry. We have 78 offices in the United States with 1600+ agents and brokers who have access to our Vancouver listings – which also means that we have access to over $8 billion in listings within the United States. Whether you are looking to buy or sell in commercial real estate in Vancouver or the bordering states, our network has a robust inventory to pull from.Â
Â
Want to learn more about the Marcus & Millichap advantage and how you can partner with us? If so, please contact our Vancouver office to speak with one of our many commercial real estate advisors.Â
BC Commercial Leading Indicator Ends 2016 on a High Note
Tags:
(Posted on Mar 14, 2017 at 02:02AM by Michelle Bogle)
In a recent press release by the British Columbia Real Estate Association (BCREA), the organization released details from its Commercial Leading Indicator (CLI), which forecasts changes in broad commercial real estate activity.Â
Â
According to the BCREA, the CLI increased for the fourth consecutive quarter, rising 1.5 index points from the third to fourth quarter of 2016. The index now sits at 123.9, a 5 percent increase from a year ago and about a 1.2 percent gain on a quarterly basis.
Â
The CLI was propelled higher by strong fourth quarter growth in the B.C. economy; specifically, gains in the retail, wholesale and manufacturing sectors. Growth in wholesale trade jumped nearly 12 percent year-over-year in the fourth quarter and was up 5 percent on a quarterly basis. The dramatic increase was the result of higher sales of machinery and equipment, as well increased sales in the food and beverage sector. Retail sales were up 6.6 percent year-over-year and about 1.5 percent on a quarterly basis. Manufacturing sales also increased, rising 2.1 percent on a quarterly basis.Â
Â
Growth in the CLI’s economic activity component more than offset modest quarterly declines in the employment and financial component. According to the BCREA, Canadian REITs were down about 1 percent at the end of the fourth quarter, while rising short- and long-term interest rates following the US presidential election caused a widening of risk. That combination led to a second consecutive decline in the CLI’s financial component. The CLI measure of office employment was also flat in the fourth quarter, following six months of strong gains. The manufacturing sector shed close to 1,600 jobs in the fourth quarter despite strong manufacturing activity.Â
Â
However, the underlying CLI trend continues to push higher, signalling further growth in investment, leasing and other commercial real estate activity over the next two to four quarters.Â
Â
To view the full BCREA Commercial Leading Indicator index in its entirety, please click here. Or, for more insight into British Columbia’s commercial real estate market, please contact Marcus & Millichap’s Vancouver office to speak with an advisor.
NEB Accepts Woodfibre LNG’s Application for a 40-Year Export Licence
Tags:
(Posted on Feb 14, 2017 at 02:00PM by Michelle Bogle)
There’s more news out of Squamish, B.C., regarding the ongoing Woodfibre liquefied natural gas plant project.Â
Â
Last week, the company announced that the National Energy Board (NEB) accepted an application for a 40-year export licence for the plant. If approved, the licence would allow the export of approximately 2.1 million tonnes of liquefied natural gas per year, for 40 years, from the Woodfibre LNG Project. Â
Â
Â
The project initially received a 25-year licence in December 2013; however, amendments to the National Energy Board Act Part VI Regulations in 2015 increased the maximum term to 40-years. Â Â
Â
“This application, if successful, would provide even more assurance to the government, First Nations partners, stakeholders and potential customers of the certainty of this project,†said Byng Giraud, Country Manager and Vice President, Corporate Affairs, Woodfibre LNG Limited.
Â
The application is available to view on the National Energy Board’s website.Â
Â
Â
For more information about commercial real estate activity in the Sea-to-Sky corridor, including Whistler and Squamish, please contact our area expert, David Fox, in our Vancouver office.
Nanaimo: One of the Four Best B.C. Cities to Invest In
Tags:
(Posted on Dec 10, 2016 at 06:26PM by Michelle Bogle)
Error getting status updates from Twitter.