Burnaby NewsLeader – Nokia to close Burnaby R&D facility.
Finnish cellphone company Nokia plans to close its Burnaby research and development facility.
It’s part of plans announced Thursday to cut up to 10,000 jobs around the world by the end of 2013.
A 3-storey office and retail building located on Johnston Road in downtown White Rock has sold for $3,650,000. The building totals 10,550 SF, equating to $350 / SF, and is anchored by HSBC, who has a total of approximately 4,000 SF. The site area totals 8,520 SF. The property had been listed for sale by Dean Baumann of RE/Max at $3,995,000. Click here for a brochure.
Morgan Dyer and Simon Lim of Colliers has listed for sale 1445 West Georgia Street, a 6-storey, 39,620 SF office building in Coal Harbour. The property is 10,800 sq ft in size and is situated mid-block on West Georgia Street between Nicola and Broughton Streets. This represents an excellent redevelopment opportunity with potential to develop with residential to a density of 6.0 FSR (or higher with rezoning).
Colliers International is pleased to announce the sale of 198 West Hastings Street to a local private investor. Colliers represented the purchaser in this transaction which was a City of Vancouver administered tender process.
*Sold by Kelly Heed, Steve Fame & Casey Weeks
A two-storey warehouse/office building in the Southeast False Creek area has sold for a reported $5,950,000, or $240 per sq ft. The 24,799 sq ft building, zoned I-1, was built in 1965 and has potential for extensive renovation, addition, or conversion to office use. It had been listed for sale with Cushman Wakefield at $6,300,000.