Allandale Lands

November 26, 2022 / by Matthew Yung / / 0 Comments

Allandale District Lot A is a three-building industrial development located on a nearly 4-acre site within the up-and-coming Allandale District on the Westshore of Victoria, B.C. in the City of Colwood. The Property provides over 81,600 sq. ft. of leasable area and is currently 100% pre-leased to Victoria Shipyards on a long-term 15-year lease. The Property was positioned as a forward sale opportunity for investors to own a piece of the Westshore’s future premier mixed-use employment hub and become part of the area’s transformation, with completion immediately following full occupancy.

CBRE NIT-Vancouver prepared a custom, full-scale marketing campaign in collaboration with CBRE’s Investment Properties Group in Victoria. Due to the property’s quality, location and stable long-term tenancy, CBRE was able to successfully transact this property to a private investment syndicate, representing the group’s first acquisition on Vancouver Island.

The Harwood

April 7, 2022 / by Matthew Yung / / 0 Comments

Located at the intersection of Thurlow and Harwood and currently improved by a low-rise residential rental building, The Harwood represents the unique opportunity to acquire and develop a high-rise residential tower in the heart of Vancouver. The site supports a 36-storey purpose-built rental apartment development offering a total of 349 market and non-market suites just steps to transit and all the amenities that downtown Vancouver has to offer.

Through an exclusive and targeted marketing campaign, The Harwood was positioned in the market as an opportunity to capitalize on Vancouver’s historically undersupplied rental apartment market and to achieve significant multi-residential scale in Vancouver’s downtown core. CBRE successfully transacted the property to a major Canadian real estate advisor.

Langley Mall

January 12, 2022 / by Matthew Yung / / 0 Comments

Langley Mall is a nine-acre mixed-use master-planned redevelopment opportunity adjacent to the future Surrey-Langley SkyTrain extension in Langley, B.C. The existing improvement on the site is a 136,677 sq. ft. shopping centre home to both national and local retail tenants, including its anchor tenants No Frills and McFrugal’s Discount Outlet. Langley Mall was positioned as a unique master-planned redevelopment opportunity offering more than 2.1 million sq. ft. of potential density in the transit-oriented core in Langley.

Due to the strength and potential of this asset, CBRE collaborated with our National Investment Team in Toronto to successfully transact this property to a local real estate developer.

1246-1286 Lynn Valley Road

July 7, 2021 / by Matthew Yung / / 0 Comments

1246-1286 Lynn Valley Road is a 1.54-acre residential redevelopment site located at the epicentre of Lynn Valley’s commercial core in the District of North Vancouver. The property is centrally located at the intersection of Lynn Valley Road and Mountain Highway, with immediate access to an abundance of retail and recreational amenities which will benefit future residential tenants. This property was positioned in the market with significant redevelopment potential to build a mid-rise multi-family apartment project and become part of Lynn Valley’s growth and development, with several residential developments planned or currently under construction in the area.

Through a comprehensive marketing strategy, CBRE was able to gain significant interest from several notable developers. CBRE created a competitive bidding environment, eventually transacting the property to a well-known local residential real estate developer.

351 W 3rd Street, North Van

May 12, 2021 / by Matthew Yung / / 0 Comments

Located on a prime corner site at the entrance to Lower Lonsdale, 351 W 3rd Street, North Vancouver is a redevelopment site with the potential to build a six-storey multi-family building in an exceptional location. With 39,309 sq. ft. of total permitted buildable area, this opportunity was positioned in the market as a unique chance to develop a transit-oriented rental apartment building near North Vancouver’s vibrant waterfront.

CBRE successfully implemented a full-scale comprehensive marketing strategy that generated significant interest from domestic and international developers. CBRE created a competitive bidding environment that generated several offers. Ultimately, CBRE successfully transacted the property to a well-known real estate group who is expanding into multi-family development projects.