Airport cements designer outlet deal.

YVR announced today (Friday) it’s planning to develop a luxury designer outlet centre on airport land in partnership with Europe’s leading designer outlet owner.

“This is an exciting project that will increase the region’s destination appeal for visiting travellers and encourage local shoppers to spend within their own community,” said Larry Berg, president and CEO, Vancouver Airport Authority (VAA) on the deal with London-based developer McArthurGlen.

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.

http://www.burnabynewsleader.com/news/159077585.html

Bosa Development has acquired Pacific Point, a 227-unit strata building located at 1323 Homer Street, at Pacific Street in Downtown Vancouver. The 20 year old project includes two phases over a common podium and is stratified but has been operated as a rental building since completion. It includes 11 commercial units on the ground floor. The building had been listed for sale by the Vendor, Concert Properties. The price per unit is approximately $350,000.