commercial real estate

The industrial property at 7280 River Road in Richmond.
Industrial

City Of Richmond Pays $68M For Industrial Property Valued At $32M

​The property sits at 7280 River Road, one block away from No. 3 Road and Alderbridge Way in Richmond.

Office

Westbank Sells M2 Office Building In Vancouver For $115M To Spear Street Capital

The M2 office building sits at 114 E 4th Avenue in Vancouver and is part of the ongoing Main Alley development by Westbank.

Office

TD Greystone Sells Partial Stake In Vancouver Telus Garden To Morguard

Telus Garden sits at 510 W Georgia Street in Vancouver and was developed by Westbank and Telus, who then sold it to Greystone Managed Investments and Forgestone Capital.

Industry

CBRE To Broker Sale Of High Park Church Conversion Under Receivership

Construction on the High Park site has not advanced since late 2023 when the trade contractors abandoned the project “due to liquidity challenges and other delays.”

Commercial

As Vancouver Office Market Dips, Developers Turn Their Attention To Hotels

There continues to be uncertainty around the office market, while the region pushes for more hotel development ahead of FIFA 2026.

Multifamily

Westbank Continues Selling Spree With $133M Sale Of Zephyr To Crombie REIT

​Crombie REIT has reached an agreement with Westbank to acquire the remaining 50% interest in The Zephyr at 1661 Davie Street for $133M.

Office

Conversion Potential Sparks Office Sales As Calgary Relaunches Incentive Program

Around 20 office buildings in Calgary have changed hands since January 2023, many of which are considering an office-to-residential conversion.

Development Projects

Bosa Properties Planning 5-Tower Bristol Project In Surrey After $170M Acquisition

The Bristol project is set for 13301 104 Avenue in Surrey, near the Parkway and University District projects also by Bosa Properties.

Listed Commercial

KingSett Moving On From Planned 69-Storey Isabella Street Project

​The 135 Isabella Street project was proposed to the City of Toronto by KingSett Capital in June 2023, but was recently listed for sale.

Retail

Tokyo Smoke Seeking “Interested Bidders” Weeks After Announcing Restructuring

Tokyo Smoke’s parent company has initiated a stalking horse bid, which means that the company stands to be bought out in an effort to maximize the value of its assets.