News
Vancouver Commercial Real Estate

Victoria Apartment Uptick

Colliers AVP Ken Cloak is looking ahead to an upcoming trip to Penticton to spend some time on the beach with the grandkids. The reason he can think of relaxing: There's been a significant jump in the dollar volume of Victoria apartment trades from 2013, he tells us. Estimated sales to date have already surpassed the $23M in total sales recorded last year. Greater Victoria had seven apartment sales in the first half of 2014—a combined value of $38.3M—notably Christie Point Apartments to Realstar Group and Seaview Towers to Starlight Investments. And multifamily activity will remain strong, he forecasts. (His family can agree that's a good thing.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Vancouver Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

America's War Machine Is Growing, Sparking A Defense Real Estate Boom