News
Vancouver State of Market

$1.6B in CRE Deals: Metro Vancouver's Best Start Ever

Greater Vancouver's commercial real estate market had its best-ever start to a year for investment, and the first quarter was the second-best to date, with 384 deals over $1M totaling $1.6B, according to RealNet Canada. The region's retail sector saw a 3% jump in investment while activity in the apartment and office sectors improved by 37% and 55%, respectively, versus Q4 2014. The first quarter saw $752.5M in land deals—48% of overall investment—including Concert Properties taking a 50% stake ($101.8M) of Langara Gardens (above) and the $53M sale of 5016 272nd St in Langley.

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

Wall Street Anxiety Pushes Meta Into The Neocloud Business

Microsoft Moves To Undo Local Tax Breaks For Atlanta Data Center Projects

ICE Pivot From Warehouse Plan Funnels Cash To Private Prison Owners

SpaceX, Tesla To Spend $16.8B Building First Phase Of 100M SF Chip Factory

Longtime Newmark CEO Barry Gosin To Step Down

USG To Unveil New Solution For Data Center Partners At DICE South In Texas

CRE’s ESG Retreat Masks Growing Spending On Climate Risk

Blackstone Vice Chairman Tom Nides On Leadership And The Future Of CRE

Delaware Statutory Trust Fundraising Jumps 31%, Putting 2026 On Track For A Record $10B

Fannie Mae Latest Lender Suing Alan Stalcup To Collect 'Bad Boy' Guarantee

Brookfield Accelerates Launch Of Giant Real Estate Fund As Market Improves

California Real Estate Exec Charged In Child-Safety Sting