eb retrofitted york

Why There Are Unprecedented Premiums on Retrofitted Apartment Buildings

The term renoviction has become the coined term for any major capital improvements on purpose-built rental buildings; however, soon this will be a word only used for history. With Vancouver poised to set up regulations stipulating strict tenant relocation policies, a court decision allowing tenants to come back into their renovated suite at the previous rent, and a provincial task force recommending a halt...

GrossUpClause MainImage

In Review: BOMA 2017 Office Standards

It has been one year since the release of BOMA 2017 Office Standard, the dominant standard that defines how to measure and calculate the rentable area in office buildings in Canada. Today, we’ll go over the various changes made in the 2017 edition and the overall impact it has on the calculation of rentable square footage in office buildings. Quick overview: BOMA Standard for Office...

vacancy control

Worst Timing in Vancouver’s History to Bring in ‘Vacancy Controls’

Rent controls already force Vancouver landlords to follow strict rules, but this is not enough for some tenant advocacy groups pushing a controversial policy they call “vacancy controls.” They argue the right of landlords to charge market rates when a suite becomes vacant is unfair to tenants, and that rents should be maintained at the previous rates upon new occupancy. Read...

aditya chinchure 568068 unsplash

$644,000 in Additional Costs PER HOME?

How the city of Vancouver has been masking taxes on residents for decades For years news headlines and conversational topics have largely revolved around the increased cost of living in this beautiful city. As discussed in previous papers of mine the land constraints have forced new housing starts sky high in terms of design and dollars. The impact of this has caused distress and tiresome discussions...

SOLD landscaping

Just Sold: Professional Landscaping Company

We have recently sold another successful business! This business sold for full price in under 6 months. What led to such a fast & successful transaction? The Seller: Sellers had prepared their business well having all their systems & processes documented. The Broker: Confidential Information Memorandum (CIM) included a comprehensive valuation and business description for...

SOLD wholesaledistributor

Marion Van Keken-Rietkerk Advises Baby Lock® Canada in Sale to Tacony

After nearly 70 years in business, Mason Sewing Machine Company Ltd. dba as Baby Lock® Canada was looking for someone to help them sell their business. Baby Lock® trusted the services of Marion Van Keken Rietkerk, CBI MBA of NAI Commercial, to provide the full-service commercial real estate brokerage they needed for such a daunting transaction. They were looking for help to find out what their company...

hand shaking

Three Businesses Successfully Sold!

The M&A market in British Columbia has been very active this in the first half of 2017 and the latest transactions reflect that. Between April and August, three businesses successfully sold to new buyers. All three businesses were different, but all three were profitable, well-prepared and motivated. 1. First is the speed with which deals are getting done. This successful Irrigation Business...

officereport q2 cover

The Line Between Industrial & Office Space Becomes Blurred

Over the past few months I’ve had more inquiries regarding industrial listings and/or properties than all other sectors combined. Not to mention my last few completed deals (a mix of sales and leasing) were all industrial type properties. Why? What is the big attraction these days to this asset class? Well, if you’re looking in and around the Greater Vancouver area, the lease rates for industrial...

office furniture 2014888 web

Shared Spaces: What Are They & How Are They Affecting The Market?

What Are They & How Are They Affecting The Market? Packaged office is a concept that’s been around for decades in some form or another. The idea is simple: break up vacant space into small, short-term rentals; charge a premium on the rent; and, if you can keep it occupied, you have a business. Over the last several years Vancouver has witnessed a consolidation in this sector with Regus being the...

Compare listings

Compare