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Development

“City Hall to Examine Plea for More Retail Space, Taller Highrises”

Allan Buium is standing at the southwest corner of Cambie Street and 41st Avenue, envisaging a future in which Oakridge Centre morphs from a shopping mall into a city within a city.

The chairman of a local citizens’ group, the Riley Park-South Cambie Community Visions Committee, recalls when the Vancouver mall opened in 1959 and attracted car traffic to its anchor tenant at the time, Woodward’s, and other retail stores.

Courtesy Globe & Mail.  For the entire article please click here: http://www.theglobeandmail.com/news/british-columbia/city-hall-to-examine-plea-for-more-retail-space-taller-highrises/article4568356/

September 27, 2012by david.taylor@colliers.com
Market Research

Market Spotlight: Downtown Vancouver Condo Resales

Below is an update to some data we posted previously outlining activity and pricing for Downtown Vancouver condo resales. Sales volume was down 30% YoY in August 2012. For product less than 2 years old, the market has come off in terms of both pricing and sales activity. The majority of newer condo product downtown continues to trade in the bandwidth between $600 and $800 per sq ft.

Source: REBGV stats.

September 27, 2012by david.taylor@colliers.com
Investment, Office

Anthem Properties Acquires The BC Electric Building

Anthem Properties recently announced the acquisition of the BC Electric Building, a 119,334 square foot office building located at in intersection of Hastings Street and Carrall Street.  The price was undisclosed.

September 10, 2012by david.taylor@colliers.com
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