The design for a proposed 32-storey office building at the corner of Granville and Cordova (currently a multi-level parking garage) have been changed in advance of an Urban Design Panel meeting next week. As we reported last year, the project is for an office tower with a density of 25.5 FSR and 380,000 sq. ft.

Here’s a look at the new design:

Photos courtest: Built Form @ SSP

Investors Group has sold Newton Commerce Centre in Surrey for $7,000,000. The vacant office building, located at 76th Avenue and 130th Street, is a two-storey building built in 2001. The building is 42,500 SF, making the sale $165 per SF.

Investors Group has sold 6651 Fraserwood Place in East Richmond in a deal worth $12,000,000. The building, approximately 15 years old, is a 2-storey office/flex building with a total of 91,450 SF. The building had been substantially vacant and for lease for some time.

2245 West Broadway has been sold. This is a 30-year old, 4-storey concrete office building on West Broadway between Vine and Yew. 50 ft of frontage. Fully leased, mainly to medical tenants.  The 11,600 SF building sold for $4,650,000 (after asking $4,950,000), representing $400/SF and a 3.8% cap rate.

The office building known as the Ravensong Community Health Centre located at 2450 Ontario Street has sold to Vedado Properties headed by Chip Wilson of Lululemon. The 38,000 SF office building sold for $15,350,000, or $405 per SF. The building is fully leased to Vancouver Coastal Health, representing a 4.7% cap rate on the deal.