200 West Esplanade, the Esplanade Theatre building, a 5-storey retail and office building in the Lower Lonsdale area of North Vancouver has been sold by Colliers for $12,350,000 to First Capital Realty.
The building has a net rentable area of 38,628 SF, of which about 30,000 SF is cinema space and the balance is retail and office. The building was built in 1990 and is on a 17,928 SF site.
3105-3139 Edgemont Boulevard in North Vancouver has sold for $11,526,175, representing $993 per sq ft and a 4.0% cap rate. The 11,600 SF building is located on the South side of Edgemont Village and includes such tenants as RBC, Starbucks and Cob’s Bread. The property includes 189 feet of frontage on Edgemont Boulevard and a site area of 17,500 SF. The purchaser is a local private equity group.
Peace Arch News – Morgan plan moves ahead.
A proposed commercial and office space development on a 25-acre parcel of property at 20 Avenue, just east of Highway 99 cleared an important hurdle last week, winning approval in the form of a unanimous third reading at a city public hearing (Couns. Mary Martin and Judy Villeneuve were absent, according to the city clerk’s record).
The $100 million Morgan Place Developments Ltd. project will include 25,953 sq. m (279,000 sq. ft.) of retail and restaurant uses and 9,662 sq. m (104,000 sq. ft.) of office space.
It will have 1,330 parking stalls, 676 of which will be underground.
Read more: http://www.peacearchnews.com/business/173751331.html
District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
