Target announces B.C. store locations.

The U.S. Department store chain Target announced today it intends to open dozens of stores in Canada and 18 in B.C. by March or April of next year.

Target intends to announce additional locations over the next several months, the company said in a press release today. They include:

• Abbotsford – Abbotsford Power Centre

• Burnaby – Metropolis at Metrotown

• Chilliwack – Cottonwood Mall

• Coquitlam – Coquitlam Centre

• Delta – Scottsdale Mall

• Langley – Willowbrook Shopping Centre

• Maple Ridge – Haney Place Mall

• Surrey – Surrey Place/Central City

Read more: http://www.vancouversun.com/business/commercial-real-estate/Target+announces+store+locations/6679559/story.html#ixzz1vuyAKbR7

Burnaby NewsLeader – Crucial Burnaby Edmonds site sold to developer.

The Burnaby Value Village site at Kingsway and Edmonds Street has been sold to a developer, the latest step in the area’s revitalization.

Cressey Developments’ purchase of the three-acre property closed last week, confirmed Hani Lammam, Cressey’s vice-president of development.

Read more here: http://www.burnabynewsleader.com/news/153679735.html

Barclay Mansion, a 40-unit apartment building in the West End has been sold by John Gee, Colliers for $10,300,000, or $258,000 per unit. The purchaser was a local investor.

Constructed in 1962 by a well-known local developer, Barclay Mansion is improved with a nine-storey concrete high-rise offering eight bachelors and thirty-two one bedrooms, and approximately 23,000 square feet of net rentable area.

TransLink considers selling property to raise funds.

TransLink is revisiting a plan to sell assets, like the Oakridge transit station, to fund its operations, warning that while such a move is not sustainable long-term, it beats cutting much-needed transit services.

The move has surprised regional mayors — who warn it’s a “slippery slope” to take — but CEO Ian Jarvis said selling the centre and moving it to a new location could bring in $220 million. Without the sale, he said, the beleaguered transportation authority would have to rely on its surplus reserves, which would likely be depleted by 2014.

Read more: http://www.vancouversun.com/business/TransLink+considers+selling+property+raise+funds/6668897/story.html#ixzz1vnTAliB6

Home listings double in Dunbar since last year.

With more than double the number of listings from last year, homebuyers on the West Side can apparently afford to take their time.

The number of homes on the market in the Dunbar area is up almost double from this time last year, according the Real Estate Board of Greater Vancouver. Board president elect Sandra Wyant said the increased supply means buyers have more time to shop around.