Done Deals is Western Investor's monthly feature highlighting some of the major real estate transactions across Western Canada’s vibrant commercial real estate market.
Featured deal: City sells Village retail package
First West Capital Realty has bought the retail properties at the Village on False Creek for $46.1 million, including closing costs, from the City of Vancouver. A BC Supreme Court judged approved the sale of the distressed property. The site, which originally served as the athlete village in the Vancouver 2010 Olympic Winter Games, has around 64,000 square feet of commercial space. This is First Capital’s first property in the City of Vancouver.
From: Monark Investments, Surrey. Monark announces the following sale:
Deal: 18,700-square-foot office building, Croyden Drive, Surrey. Sold for Group Health. Price: $6.55 million.
From: Onni Group, Vancouver. Onni vice-president Chris Evans announced the following acquisitions:
Deal: City block in downtown Seattle WA, formerly the Seattle Times building, Zoning allows for residential towers. Price: $35.5 million.
Deal: Parking lot adjacent to former Seattle Times site, Seattle. Zoning allows for residential towers. Price: $29 million.
From: Avison Young, Vancouver. Avison Young agents Chris Weiser and Rob Grier report the following sales:
Deal: 40-suite rental apartment building, 177B Street., Cloverdale. Price: $3.9 million.
Deal: 73-suite rental apartment building, Craigflower Road, Esquimalt. Price: $6.90 million.
From: Cushman Wakefield Ltd., Vancouver. Cushman Wakefield agents Lee G. Hester and John Weis report the following sale:
Deal: 26,500-square-foot strata commercial building with 12 units; 52 Avenue, Surrey, at an average of $163 per square foot. Price: $4.32 million.
From: HQ Commercial, Vancouver. HQ agents David and Mark Goodman report the following sales:
Deal: 20-suite, three-storey apartment rental building, East 14 Avenue, Vancouver. Price: $4.42 million.
HQ Commercial agents David and Mark Goodman report the following sale:
Deal: 28-suite, 46-year-old, three-storey rental apartment building, Ash Street, New Westminster. Price: $3.37 million.
From: London Pacific Property Agents Inc., Vancouver. London Pacific broker Ben Williams, with Re/Max Bill Goold Realty broker Bill Goold, reports the following sale.
Deal: 32-suite rental apartment building, Metrotown, Burnaby. Price: $11.55 million.
London Pacific brokers Ben Williams, Keath Williams and Grant Gardner report the following sale:
Deal: 41,057-square-foot , seven-lot assembly, North Vancouver. Price: $7.29 million.
From: Royal LePage Nanaimo Realty, Nanaimo. Royal LePage agent Sandy Clark reports the following sale:
Deal: 4.75-acre ocean/mountain view residential development site, Arbot Road, Nanaimo. Price: $11.5 million.
From: Re/Max Dawson Creek Realty, Dawson Creek B.C. Re/Max agent Tom Moran reports the following sales:
Deal: 5,400-square-foot commercial building on 2.26 acres, Collins Road., Dawson Creek. Price: $930,000
Deal: 6,400-square-foot commercial building on .65 acre, 7 Street, Dawson Creek. Price: $715,000
Deal: 3,200-square-foot commercial space on .25 acre paved lot, 97 Street, Dawson Creek. Price: $515,000
Recently completed a major commercial real estate deal?
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