Office Real Estate Recent Commercial Sales Retail Real Estate

Recent Sale: 417-419 West Hastings Street, Vancouver

The 5-floor, 27,000 square foot building on 417-419 West Hastings Street in Downtown Vancouver was just sold for $4,850,000, which represents a price per square foot of $180. FAR for the site is 5 times the lot area. The building is currently single-tenant and contains both retail, office and warehouse on its 5 floors.


New Developments

Capilano Walk Development, North Vancouver

The District of North Vancouver has received a development application to construct 200 woodframe low-rise units at the corner of 2010 Marine Dr, which is at the corner of Capilano Road and Marine Drive. Currently a Travelodge Hotel sits on the property, and is operational and taking guests. A new 200-unit development will bring a substantial amount of residential inventory to the North Vancouver market.


Commercial Real Estate Reports Vancouver Real Estate News

Vancouver Resale Homes Continue to Rise in May

Canada Real Estate Association statistics are out for May, and they show seasonally adjusted sales increases of 8 percent for Vancouver. While not directly related to commercial real estate, an increase in residential real estate sales indicates consumer confidence and a return to a balanced economy. This is good news for the Commercial Investor.

Original Article:
CREA Article

Real Estate Magazines

Knowledge Leader Summer 2009 Issue Out

Colliers International’s Quarterly Property Magazine Knowledge Leader is out.. the Summer 2009 Issue. Lots of interesting reads regarding the real estate cycle and lots of tips on how to maximize your time and succeed. All important things for the Commercial Real Estate professional.

See the online version of the Knowledge Leader magazine here:
Colliers Knowledge Leader Magazine