I am pleased to announce the sale of 1166 West Pender Street, a 140,000 SF office building located in Downtown Vancouver.  This off-market transaction closed earlier this month.

The 15-storey building was built in the early 1970’s and is located on an 18,700 SF site that may permit a higher density and height in the future.

Transaction details:

Buyer: Reliance Properties

Seller: Triovest Realty Advisors, on behalf of Greystone

Please contact me for further information regarding this sale.

Construction for The Exchange is now well above ground and becoming noticeable from street level.The construction had just reached the ground level back in December.

The 31-storey, 369,000 SF office tower is now over a year into construction, with completion slated for 2017. Aside from National Bank, there have been no major tenants announced for the building yet.

courtesy mcminsen http://po.st/WpSyw2 via @imageshack

courtesy mcminsen http://po.st/NI3oQY via @imageshack

courtesy mcminsen http://po.st/fsUIU5 via @imageshack

Here is a construction update on the second phase of Appia’s Solo District project in the Brentwood Area of Burnaby.

The first phase of the project included a tower branded ‘Stratus’, a 367-unit 45-storey tower which has just recently completed and which is substantially sold out. Burnaby’s first Whole Foods is an anchor of the retail component of the project.

The second phase of the project is ‘Altus’, a 48-storey tower at the corner of Lougheed and Willingdon that includes 284 condo units above 250,000 SF of office space on 12 floors. Pre-sales launched in 2013 and this phase of the project is also nearing sell-out.

photo courtesy mcminsen http://po.st/RDvsVU via @imageshack

photo courtesy mcminsen http://po.st/avE0BU via @imageshack

photo courtesy mcminsen http://po.st/ut93EP via @imageshack