Casino still eyed for west of B.C. Place.

North Shore Outlook – Four futures for Ridgeway Annex.

Nearly 100 North Vancouver residents and seven school board trustees gathered in the gymnasium of the once vibrant, now vacant, Ridgeway Annex school Tuesday to hear four possible futures for the former school property now up for grabs.

The lease and purchase proposals were made by representatives from three interested property development companies (Anthem, Darwin Construction and Atti Group)  and one local childcare business.

But when all the cards were down, Ridgeway’s four possible futures could be grouped into just two options. One, the building is saved and renovated for use as daytime daycare and nighttime community centre. Or two, it’s bulldozed and new housing is built atop the Ridgeway property at 450 East Fifth St.

Read more: http://www.northshoreoutlook.com/news/180377141.html

From Canada Newswire

“VANCOUVER, Nov. 20, 2012 /CNW/ – Pure Industrial Real Estate Trust (TSX: AAR.UN) (“PIRET”) announced today that it has entered into conditional agreements to acquire $169.2 million of income producing properties (collectively, the “Acquisitions”), consisting of seven industrial properties representing 1,524,818 square feet of gross leasable area (“GLA”) located in Richmond and Surrey, British Columbia, Edmonton, Alberta, Toronto Ontario, and Quebec City, Quebec. The Acquisitions consist of a portfolio of two properties located in Richmond, British Columbia (the “Richmond Portfolio”), another property located in Richmond, British Columbia (the “Second Richmond Property”), one property located in Surrey, British Columbia (the “Surrey Property), two properties located in Edmonton, Alberta and Toronto, Ontario (collectively, the “Edmonton-Toronto Properties”) and one property located in Quebec City, Quebec (the “Quebec Property”).  The properties are being acquired at a weighted average going-in capitalization rate of 6.25%.”