The Vij’s Restaurant property on Cambie Street has sold. The single tenant retail property had been on the market for several months and sold to a local investor.
Details:
The building was listed and sold by Brett Aura of TRG. The original asking price was $7,988,000.
A 3-storey medical office building known as Fleetwood Professsional Centre has sold. The property is located at 16088 84th Avenue in the Fleetwood area of Surrey.
Details:
The property was sold by Nicholas Westlake of CBRE.
Allied Properties REIT has announced the completion of the remaining 50% interest in M4 of Main Alley Campus in Mount Pleasant from Westbank.
Details:
The sale was negotiated in July and completed September 30.
Marcon has completed an acquisition of a 20,647 SF site at the Southeast corner of West 3rd and Vine in Kits for $30,700,000, or $195 per buildable SF.
Marcon originally submitted a rezoning application under the Broadway Plan for a 207-unit, 21-storey rental tower in 2024, with a revised application increasing the height to 22-storeys in July 2025.
Allied Properties REIT has sold 1220 Homer Street to a user group for $13,250,000, . The 4-storey, 19,384 SF heritage office building was originally built in 1947 but had been restored. The building was primarily vacant at the time of sale.
The sale price equates to $684/SF.
The building had originally been acquired in 2018 for $17,500,000, and a 3.40% cap rate.