I am pleased to have acted on behalf of both parties in the sale of this 23-unit apartment property in the West End, located at 1075 Nelson Street. The purchase price was $9,000,000.

Renters could have more options in West Vancouver if Hollyburn Properties’ infill project is given the green light.

An additional 49 purpose-built rental units in two low-rise buildings could be built beside an existing highrise in Ambleside at 195 21st St.

The development proposal, Hollyburn Gardens, brings a change of pace for West Van.

In the last 30 years, most developers have steered clear of building rentals. There are currently 1,900 purpose-built rental units in West Van, most built during the 1960s and ‘70s in the Ambleside Apartment Area.

Many are vulnerable to loss as new developers move in and want to maximize the return on their investment in expensive district land.

Read more: http://www.northshoreoutlook.com/news/247300781.html

Concerns are emerging that a building boom of office towers in downtown Vancouver is creating far too much supply.

Only half the 2.18 million square feet of new office space in seven towers under construction downtown — a boom enabled by new zoning bylaws in 2009 — has been preleased, executives at the Vancouver Real Estate Forum said Thursday.

“I am not seeing a lot of office demand right now, and that is concerning to me,” Bart Corbett, senior vice-president of Cushman & Wakefield, said in an interview.

Corbett and other executives discussed office space development and economic trends at a panel discussion titled “The Vancouver Hangover?”

A common theme was that Vancouver’s commercial real estate market is slowing. The panel was asked how eager landlords are to offer inducements to would-be tenants, and which sectors among high-tech startups, resource industry offices, or “slow and steady” traditional businesses, are preferred.

Read more: http://www.theprovince.com/business/real+estate+executives+gather+discuss+Vancouver+housing+trends/9530873/story.html