6137-6261 Granville Street is a 2.45-acre residential redevelopment site offering the potential to be rezoned for the development of up to six storeys in Vancouver, B.C. CBRE was chosen by the second mortgage lender to conduct the court-ordered sale of the site. Representing an entire block for a total site size of 106,313 sq. ft., the site is currently improved by nine single-family homes along Granville Street. The site was positioned as an attractive residential redevelopment site with 2 corner frontages in a premium location, providing investors an opportunity to become part of the significant transformation around Oakridge Centre in the upcoming years.

After receiving significant interest from global and domestic developers and investors, including multiple unconditional offers, CBRE successfully obtained approval from the court and the property was sold to a qualified local real estate developer focused on creating a master-planned community project.

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.

Plaza 500 is a strategically located, mixed-use commercial and high-rise residential rental tower located on-transit in the heart of Vancouver. The residential portion of this property had been recently reconstructed and renovated, providing 118 modern, high-quality suites with exceptional views. The property offered a unique value-add opportunity to redevelop a portion of the site for additional residential density. Plaza 500 was positioned in the market as an exciting opportunity for a purchaser to capitalize on the strength of the Vancouver rental apartment market and own a premium rental investment asset in a highly desirable location. After an initial comprehensive marketing process that yielded several competitive offers from both local and institutional purchasers, CBRE was appointed by the mortgage holder of the asset to conduct a court-ordered sale of the property.

CBRE created a competitive bidding environment through the execution of a comprehensive global marketing campaign. This process resulted in multiple unconditional offers from qualified investors. CBRE successfully transacted this asset to a private investor at market-leading pricing, guiding the sale through the court-ordered process, and resulting in the largest multi-family transaction in Metro Vancouver in 2020.

Crossing at Belmont is a residential development consisting of an air space parcel comprising over 111,000 sq. ft. of net rentable area across two purpose-built rental buildings. The Property was developed by Ledcor Property Investments, offering a total of 156 residential rental units surrounded by an urban retail community in Langford, B.C. The project was positioned as an exciting development opportunity to invest in a premium rental apartment development with high-end features in a vibrant mixed-use community, in an area of high rental demand just 20 minutes from Downtown Victoria.

CBRE implemented a full-scale global marketing campaign which generated significant institutional interest. After a successful bidding process, CBRE secured a transaction to Killam REIT, in a forward sale that represented market-leading value. CBRE was honoured to have been involved in bringing Killam REIT into the B.C. market, completing the largest multi-family transaction by value on Vancouver Island in 2020.

Metro Vancouver apartment portfolio comprised of 19 properties with 22 buildings and 919 units recently renovated by Western Investment Properties. The Properties are strategically located with strong walk and transit scores in central suburban locations, including North Vancouver, Burnaby, New Westminster, Burquitlam, Surrey and Langley. NIT-Vancouver ran a sophisticated marketing strategy, offering the bid options of complete portfolio, sub-portfolio and individual offers. The team achieved the ultimate scenario sale of entire portfolio to a single buyer, which led them to win Investment Transaction Commercial Real Estate Award of Excellence in 2016.