1. Home
  2. News
  3. General
  4. Page 13
Search Title:

  1. Bidder appears to be recruiting staff and studying new retail concepts

    Weihong (Ruby) Liu has reportedly put down a 10-per-cent deposit for 25 Hudson’s Bay Co. stores, indicating that the billionaire B.C. mall-owner is serious about her bid for assets belonging to the liquidating company.
    By Jami Makan
    06-05-2025

  2. The site is 51,400 square feet, takes up over an acre of land and is currently assessed as having a value of $54.2 million

    Central 1 Credit Union appears poised to sell its prime piece of waterfront property next to the Burrard Street Bridge to Nch’Kay Development Corp., the company behind a massive 11-tower rental-housing Senakw project in the area, Postmedia has learned.

    Residents of the neighbouring 300-unit Harbour Cove condo building at 1450 Pennyfarthing Dr. recently received notice from their strata corporation about the planned sale of the site at 1441 Creekside Dr., which is currently occupied by a nine-storey office building.
    By Joanne Lee-Young
    25-04-2025

  3. Vancouver city council approves rental towers on former Safeway site in West Point Grey

    The revised proposal that was approved Tuesday has a lower street-front podium, its tallest towers are pushed farther north on the lot, the sidewalks and plaza have been widened, and the commercial space is increased.

    Article content

    The property’s 571 rental units will include 457 at-market rates and 114 at-below market, representing 20 per cent of the residential floor area. It will be anchored by a new grocery store, with a four-storey podium fronting onto West 10th, towers of 19 and 21 storeys that have been moved back from the street front, and two six-storey blocks on the property’s north side.
    By Joseph Ruttle
    11-03-2025

  4. BCFSA has launched two initiatives aimed at enhancing protections for buyers of pre-sale development properties

    BC Financial Services Authority (“BCFSA”) has launched a new pilot program that extends the early marketing period for real estate developers with large projects from 12 months to 18 months.

    Under theReal Estate Development Marketing Act(“REDMA”), developers can typically undertake early marketing activities over a 12-month period to secure pre-sale buyers for units within their properties. This helps developers secure financing and building permits for their projects. Due to their complexity and size, large development projects often face challenges securing the necessary approvals and financing within the 12-month marketing period.

    BCFSA’s new pilot program, which takes immediate effect, will allow eligible developers with projects of 100 or more development units to undertake an additional six months of early marketing. This provides developers with a total of 18 months to secure the approvals and financing required to complete their projects.
    By BCFSA
    28-02-2025

  5. The largest property on Mission’s waterfront is back up for sale.

    The largest property on Mission’s waterfront is back up for sale.   The 87-acre site at 7011 Herman S. Braich Blvd. has been listed for sale by Goodman Commercial.  In a statement, Goodman Commercial said it expects a sale over $100 million.   The property owned by the Braich family was previously listed for sale in 2022. It sits on a one-kilometre stretch of land on the bank of the Fraser River that has been cleared and partially filled with sand.

     

    H.S. Kenny Braich, who represents the family's interests with his brother Bobby, hopes to have the property sold by the end of summer.   "We're going to do our level best to get the best deal for this community. We want the best deal and I will not prostitute what we've stood for, regardless of how horrible that rubs people in powerful positions,” Braich said.   Current zoning allows a wide range of light and heavy industrial uses including manufacturing, transportation, warehousing, mini-storage, barge loading and outdoor storage. 

     

    The listing also highlights opportunities through Mission’s Waterfront Revitalization Master Plan to introduce higher-density uses through rezoning, such as stacked industrial, office, breweries and “destination” uses.  "There's a whole array of uses that can be put in place. So going to market brings everybody's attention," Braich said.  The properties consist of eight individual titles with Mission Raceway Park, Lougheed Highway and Highway 11 nearby.  

     
    By Howard Chai
    12-02-2025

  6. Waterfront lot key to Mission's plans

    A large waterfront lot being sold on the Fraser River in Mission is critical to unlocking that city’s waterfront plans, says realtor Mark Goodman, founder of Goodman Commercial Inc.

    The 35-hectare site, about the size of 35 average city blocks, occupies the south end of Mission, on either side of the Mission Bridge, in an area once known as Mission Flats.

    Goodman said the lot — between Mission Raceway Park and the Mission Railway Bridge — was needed for the City of Mission to accomplish its waterfront revitalization plan.

     
    By David Carrigg
    12-02-2025

  7. The Westfield Business Centre at 14178 104 Avenue in Surrey was constructed in 1998 Sold For $57M

    The Westfield Business Centre sits at 14178 104 Avenue in Surrey and makes up the entire block between 141 Street and 142 Street, about midway between Surrey City Centre and Guildford Town Centre.

    According to court documents, the three-storey commercial building was constructed in 1998 and was intended to serve as a stratified shopping mall called "The Asian Centre." It's unclear who the original developer was and why the mall never came to fruition, but the property was sold by Donald Pitt — a lawyer in Arizona who co-founded the Phoenix Suns NBA team — in early-2022 to a man named Kuldeep Bansal, according to a Peace Arch Newsreport from that time.

    By Howard Chai
    07-02-2025

  8. Keltic Development acquired 5502 Lougheed Highway, currently occupied by REVS Bowling, in 2023

    ust under two years after making the high-profile acquisition, Vancouver-based real estate developer Keltic Development has unveiled its redevelopment plans for the REVS Bowling site in Burnaby.

    The 4.3-acre site is located at 5502 Lougheed Highway, steps away from the Millennium Line SkyTrain's Holdom Station in the Brentwood neighbourhood and directly east of Boffo Development's Bassano master-planned community.

    The site has been home to REVS Bowling (formerly known as Brentwood Lanes) since the early 1960s and grew to become a popular entertainment and recreation destination for residents of Burnaby and beyond.

    Keltic Development acquired the site for $94,000,000 in September 2022, in a deal that was completed in April 2023 and brokered by Chris Midmore, James Lee, and Carl Chen of Macdonald Commercial.

    By Howard Chai
    05-02-2025

  9. New contractor PCL Constructors is working under a $1.95 billion "target-cost" contract to finish the project, which includes incentives if it can bring it in under budget, but project critics are still not reassured.

    Construction on Metro Vancouver’s $3.86 billion North Shore wastewater treatment plant is ramping back up this month under a “target-cost” contract with its new contractor, PCL. But the final price tag is still not set in stone.

    Metro had already spent $737 million on the beleaguered project as of October, the latest figure available. That close to the initial total budget for the project when it was approved in 2017.

    A new $1.95 billion contract awarded to PCL Constructors West Coast Inc. to finish the job is on a “target-cost” model, designed to encourage hitting that limit, according to Metro Vancouver’s project manager, Joe Cohrs.
    By Derrick Penner
    29-01-2025

  10. Prince of Dubai puts penthouses at Fairmont Pacific Rim up for sale

    A company whose beneficial owner is the crown prince of Dubai has listed four penthouse units at the Fairmont Pacific Rim condo tower in downtown Vancouver in a potential sale that offers a rare glimpse into the upper echelons of the city’s luxury real estate market.

    Leemar Investments FZE has owned these units since 2013, when it was reported that it bought the main penthouse on the top floor for $25 million and then a unit one floor below, on the 46th floor, for $15 million.
    By Joanne Lee-Young
    29-01-2025

Archives

Others