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$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.