*** ******** ** ** Downton ********* ***** ******, *** ***** **** so:

*** ******** ** * stories, *** ***,*** ****** feet *** ** ** years ***.
*******
*** ******** ** ********* well ******* ** *** downtown ** * ***** city. ******, ** *** be *** **** ************ specific ************* ** *** such * ********* ******* building, ** **** ************* are ** **** *****, less ***** *****.
** ****, ** ****** help ** ********** ******, especially ******* *********, *** want ** **** ** the ******* **** ** a ****.
*******, ** ** * showcase *** * ****** of ***** ** *** a ********, ********** ***** the ********.
*** ********* **********'* ************, "*** ******* ********* ***** are ******** ** ** on *** ****, ** less ****, *** **** ******** ********* **** *** *** leased ****** ** *********."
********
***** **** ** **** of ********'* ****** ***********, sales *** ********* ****** are *** ***** ***** out ** ***** / US, ********* ******'* *********, **** ******** ****** need **** ***** **** estate ** *********?
******, ********'* *** *** has*************** *** **** ** senior ****** ** *********, noting, "***** *** ****** **** gets **** ** ** the **** ****** *****." As ****, ** ** really ***** ******* ****** to ***-***** ********* ** prime ******** **** ******?
*** ** *** ******* surveillance ************* ********* ***** large ***** ***** ** that ************* ****** ***** of **** **** ****** is **** ** ******* versus.
*********'* **** ****** ** one ** *** ******* markets ** ***** *******. If **** *********, ******** will **** * *****. If ** ** * bubble **** **** ****, they **** **** * significant *****.
Increasing ****
******* ** *** ***** over *** **** *** months, *** *** ****** purchases *** *** *** $42 ******* ********, ** is ****** ***** **** Avigilon ** ********** *** risk ***** *************.
**** **** ****, ***** more ********* ****** *** also ********* *********** ** blowing ****** **.
**********, ******** ********* ** show **** ** ** focused ** ******* *******, while ****** ** **** risk.
****

Comments (8)
Undisclosed Integrator #1
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Undisclosed Manufacturer #2
If the company does not have liquidity issue, investing on real estate is a good move...
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Undisclosed #3
There is risk regardless. For a company that size, the ability to control rent reduces risk. If the company must reduce resources, it can rent out the space. If the economy goes south, it can sell off some of the real estate for cash.
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Undisclosed #3
>>What real estate downturn? Real estate prices across CA are surging.
To clarify, I meant with the foreclosures from real estate downturn in *2008-2013* created a landlord's market now. Yes prices are way up now also.
>>So long as the expansion / bubble continues. Avigilon is now betting on that.
Yes, exactly. It all comes down to what you are betting on.
FWIW, I've personally been betting against this expansion/bubble continuing for years now, and have missed many opportunities in the stock market as a result. The only thing I did right was to stay in real estate (again, my bias, since it was either that or rent), but nor was I super leveraged.
Interesting discussion John, thanks!
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Matt Ion
I don't think anyone around here would consider real estate in downtown Vancouver to be a bad investment even at the worst of times. There's certainly something to be said for owning vs. leasing, including the ability to rent out retail space for a nice supplemental cash flow (Telus and Black's Photography currently have storefronts there).
Note that this is only a few blocks from their current offices in the downtown core at 828 Beatty... just more central to the main business district. Maybe a little more convenient to SkyTrain (rapid transit) but if "being downtown" is a selling point for talent, it's (literally) a sideways move.
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