Alpha Gardens

June 30, 2022 / by Matthew Yung / / 0 Comments

Alpha Gardens is an exceptionally well-located, rezoning-approved, transit-oriented redevelopment site, with the potential to create a vibrant, five-tower master-planned community just a block away from The Amazing Brentwood in Burnaby, B.C. The site is just a 3-minute walk to the recently upgraded Brentwood SkyTrain Station, providing access to convenient rapid transit and hundreds of commercial amenities at The Amazing Brentwood. Alpha Gardens will comprise approximately 2,600 one-, two-, and three-bedroom homes planned across 5 high-rise towers, for a total gross area of more than two million square feet of buildable area including approximately 58,000 sq. ft. of office and retail space.

Through a targeted marketing strategy to a select group of qualified buyers, CBRE was able to successfully transact the site to a real estate development, investment, and management company based in Vancouver.

4683 Arbutus Street – Quilchena Gardens

June 30, 2022 / by Matthew Yung / / 0 Comments

Quilchena Gardens was positioned as a large-scale, multi-family rental redevelopment site located on Vancouver’s highly coveted and prestigious West Side, providing the opportunity for developers to create a landmark legacy development project in Vancouver’s thriving multi-family market. The site is currently improved by two rental apartment buildings situated on a 2.97-acre site and offering a total of 80 residential units.

CBRE successfully executed a global marketing campaign and transacted the property to a residential development company with projects across Western Canada.

Lotus Hotel

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

Lotus Hotel is a 6-storey mixed-use property located in Downtown Vancouver at 455 Abbott Street. The property comprises 109 residential rental units and 12,000 square feet of commercial, 100% occupied by The Pint. Originally constructed in 1913, the building underwent a complete renovation in 2004.

This was a strategic ‘off-market’ transaction successfully sold to an alternative asset management, investment, and development company that operates across North America.

2244 West 6th Avenue

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

2244 West 6th Avenue is a wood-frame, three-storey apartment building consisting of 46 units encompassing 27,639 sq. ft. of net rentable area. Located in the heart of the Kitsilano neighbourhood on the West Side of Vancouver, the property is just steps from a range of neighbourhood amenities and services along West 4th Avenue and West Broadway. The property offers a unique value-add opportunity through a potential renovation and upgrade program, which would allow for significant rental rate growth. In addition, 2244 West 6th Avenue was positioned as a rare investment opportunity with its premium location just three blocks north of the future Broadway Station Subway Line.

CBRE-NIT conducted a full-scale global marketing campaign, which ultimately led to the successful transaction to a Canadian investment fund, specializing in multi-family real estate.

The Link

December 8, 2021 / by Matthew Yung / / 0 Comments

The Link is a newly constructed rental apartment building comprising 66,000 sq. ft. of net rentable area consisting of 104 rental apartment suites over seven storeys. This wood-frame air-space parcel is located in the rapidly growing Collingwood neighbourhood in the Kingsway Corridor, in proximity to two SkyTrain stations on the Expo line. The property was positioned as a rarely available, purpose-built multi-family asset offering high-end amenities and mountain views in Vancouver’s extremely resilient multi-family market.

CBRE created a competitive bidding environment through the execution of a full-scale global marketing campaign which generated several offers from qualified groups. Due to the strength and uniqueness of this asset, CBRE was able to successfully transact the property to a commercial real estate investment management company.