550 Cambie Street

February 11, 2021 / by Matthew Yung / / 0 Comments

534-548 Cambie Street is located in the heart of Downtown Vancouver, on-transit, near the city’s entertainment district. CBRE participated in a broker selection process, led by two adjacent land owners looking to sell their properties for maximum value.  CBRE was selected as the vendors’ agent, working with many developers, architects, and City of Vancouver planning staff and council members to increase the potential density of the consolidated property, allowing for a high-rise office building to be developed.  CBRE navigated development constraints such as view corridors, shadowing and setback requirements in order to successfully secure a transaction providing full redevelopment value to the vendors.

In conjunction with securing the land sale to PC Urban, CBRE also assisted the buyer in sourcing a joint venture partner in the proposed development project. The proposed development would see 250,000+ sq. ft. of prime office space in the emerging Crosstown neighbourhood, bridging the gap between Gastown and the Financial District. This joint venture opportunity was positioned in the market as an opportunity to partner with one of Western Canada’s most prominent developers to build a signature office tower, while capitalizing on Vancouver’s exceptionally well-performing office market.

CBRE successfully assembled two adjacent land-owners, a Canadian developer and Canadian private equity firm, in the disposition and capital raise of 550 Cambie Street, achieving maximum value for all involved.

The Onyx (1296 Station Street)

February 11, 2021 / by Matthew Yung / / 0 Comments

The Onyx, located at 1296 Station Street in Vancouver, is a DP-approved site to immediately develop a 13-storey, AAA office tower located adjacent to the Main Street-Science World SkyTrain station. This development project is approved for a total buildable area of more than 282,000 sq. ft., including ground-floor retail space. This site is just five minutes from Vancouver’s downtown core and is exceptionally well connected to the rest of the city via transit. This unique project was positioned as a rare opportunity to build a landmark office development at a high-profile intersection, allowing investors to immediately capitalize on Vancouver’s unprecedented office market performance, all while becoming part of the transformation and development of this area of Vancouver.

CBRE executed a full-scale global marketing program that generated significant interest from both domestic and international developers. CBRE created a competitive bidding environment that generated several offers from qualified groups, and ultimately successfully transacted the property to a major Canadian institutional investor.

Maplewood Gardens

April 16, 2019 / by Matthew Yung / / 0 Comments

Maplewood Gardens is a 4.4-acre development opportunity located in North Vancouver, with a proposed development plan to build more than 500 residential units over five buildings, for a total of 550,000 sq. ft. Strategically-located less than two blocks from Highway 1, the site provides immediate access to the Ironworks Memorial Bridge and is adjacent to a transit loop providing bus service to all of North Vancouver and downtown Vancouver.

CBRE NIT-Vancouver successfully transacted on this Property, and secured a joint venture between one of Canada’s major real estate pension funds and one of Vancouver’s leading builders as the Purchaser, at a price that exceed value expectations.

Canada Post

January 21, 2016 / by Matthew Yung / / 0 Comments

Canada Post Corporation (CPC) engaged NIT – Vancouver in the sale of their main mail processing plant (2.98 acres) in downtown Vancouver. The property comprised a high-profile city block redevelopment opportunity with political sensitivities that required a fair and transparent marketing process. The team ran an extensive global marketing campaign to 2,000+ investors in Canada, Hong Kong, Beijing, Shanghai, Singapore, London, New York, Tokyo, Frankfurt, California and Sydney. CBRE NIT – Vancouver achieved a record setting price which was more than double the internal appraised value and far exceeded the vendor’s value expectations.

1555 Robson St.

January 8, 2016 / by Matthew Yung / / 0 Comments

1555 Robson Street is a prime, corner residential development site located on Downtown Vancouver’s bustling Robson Street. The Site is surrounded by a wide range of local amenities and services, and is designated in the West End community plan for up to 8.75x FSR of residential density, with a commercial podium. This Property was sold to a foreign developer and the transaction represented a new benchmark value for a downtown residential site.