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Development

151 West Hastings Street, Vancouver Sold

Steve Fame and Casey Weeks of Colliers International have sold the Asia Imports Building at 151 West Hastings Street for $6,500,000 to Century Group.

The building, formerly known as the Ormidale Block, is a 4-storey office building half a block East of Victory Square and directly across from the Woodward’s building.

June 30, 2012by david.taylor@colliers.com
Development

Madison Pacific Properties Inc. Announces Resignation of CEO

Madison Pacific Properties Inc. Announces Resignation of CEO.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 27, 2012) – Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) (the “Company”) a Vancouver-based real estate company announced today that Alan Firth, its President and Chief Executive Officer, has tendered his resignation in order to pursue other interests. Mr. Firth will continue as Acting President and Chief Executive Officer until the Company concludes a search for a qualified replacement to ensure a smooth transition.

“Over the past 7 years, Alan has been instrumental in Madison Pacific’s growth and I thank him for his leadership. The Board is reluctantly accepting Alan’s resignation and will immediately begin the search for his replacement,” said Sam Grippo, Chairman of the Company.

 
June 29, 2012by david.taylor@colliers.com
Development

1401 Comox Street Approved by Vancouver City Council

Vancouver City Council approved Westbank’s proposal for a 22 storey market residential tower under the STIR program at 1401 Comox Street in Vancouver’s West End yesterday.  Westbank originally applied to rezone the former church property in October of 2009 and after revisions to their proposal in 2010 and 2011 were successful in having the project approved.  The project will have a 7.14 FSR, stand 190 feet tall and 186 market rental units.

June 28, 2012by david.taylor@colliers.com
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