4253-4273 Dunbar Street has sold for $8,010,000 to Dayhu Investments. The 12,870 SF C-2 zoned property on the Westside of Dunbar was listed by Colliers in late 2013 by unpriced bid process. There are existing tenancies in place, but the property has long-term redevelopment potential.

Grocery shoppers will have to wait a while for North Vancouver’s first Whole Foods to open on the corner of 13th and Lonsdale Avenue.

Slated to open in early 2018, the 40,000-square-foot store will be in the same lot where Safeway is now and will anchor The Onni Group’s mixed-use development, which includes an 80-foot office building and two condo towers measuring 240 feet and 180 feet.

“We are deeply committed to creating a store that serves the unique needs of this community, and will reach out to ask for direct feedback about what our new neighbours would like to see in the store,” said Joe Rogoff, president of Whole Foods in the Pacific North West region, in a press release.

Know for its organic and natural selection of food, this will be the second Whole Foods on the North Shore, including a location already at Park Royal Village.

Read more: http://www.northshoreoutlook.com/news/249328321.html

The Rona building located at 3000 Sexsmith Road in the Bridgeport area of Richmond has sold for $29,600,000. The 79,500 SF concrete retail building is located on a 3.91 acre site. The building was first being marketed for lease in 2013, and is now occupied by an LW Everybody’s Outlet Store.

A 140,000 SF strip retail centre on No. 3 Road has sold for $27,950,000. The property, located at 4551 No. 3 Road had been on the market for sale as an investment deal with the 5.5 acre site having upside for future redevelopment. Based on the 2012 reported income, the deal would appear to represent an approximate cap rate of 4.8%.

A recent survey of assessed values gives a glimpse at how the BC Assessment Authority is looking at commercial properties in Metro Vancouver in 2014.

Below is a random survey of various asset types in nine separate areas. The annual change in assessed values was derived from a random sample of five properties in each category. While this is by no means a scientific survey, it does show some variation that is interesting.