2210 Commercial Drive traded on June 4, 2012 and was purchased by a private investor for $386 per square foot.
Peninsula Crossing, a 6,455 SF strip retail centre located at 24th Avenue and 152nd Street in South Surrey has been sold by David Taylor and Simon Lim of Colliers. The purchase price was $3,450,000, representing $534 per sq ft, and approx. 5.0% cap rate. The purchaser was a local investor. The property was fully leased to national and local tenants, including 7-Eleven.
Contact us for more information regarding opportunities in this area.
First Capital Realty has announced the acquisition of The Plaza at New Westminster. The property consists of 194,000 square feet of gross leaseable area and a 422 stall paid parking garage. The project is fully integrated with Skytrain and a bus terminal. Tenants include Safeway, Landmark Theatres, Shoppers Drug Mart, Dollar Tree, CIBC, RBC, Starbucks and A&W.
The acquisition price was approximately $100 million with the potential for furhter performance incentives.
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
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor
