1. Home
  2. News
  3. General
  4. Page 1
Search Title:

  1. Waterfront lot key to Mission's plans

    A large waterfront lot being sold on the Fraser River in Mission is critical to unlocking that city’s waterfront plans, says realtor Mark Goodman, founder of Goodman Commercial Inc.

    The 35-hectare site, about the size of 35 average city blocks, occupies the south end of Mission, on either side of the Mission Bridge, in an area once known as Mission Flats.

    Goodman said the lot — between Mission Raceway Park and the Mission Railway Bridge — was needed for the City of Mission to accomplish its waterfront revitalization plan.

     
    By David Carrigg
    12-02-2025

  2. The Westfield Business Centre at 14178 104 Avenue in Surrey was constructed in 1998 Sold For $57M

    The Westfield Business Centre sits at 14178 104 Avenue in Surrey and makes up the entire block between 141 Street and 142 Street, about midway between Surrey City Centre and Guildford Town Centre.

    According to court documents, the three-storey commercial building was constructed in 1998 and was intended to serve as a stratified shopping mall called "The Asian Centre." It's unclear who the original developer was and why the mall never came to fruition, but the property was sold by Donald Pitt — a lawyer in Arizona who co-founded the Phoenix Suns NBA team — in early-2022 to a man named Kuldeep Bansal, according to a Peace Arch Newsreport from that time.

    By Howard Chai
    07-02-2025

  3. Keltic Development acquired 5502 Lougheed Highway, currently occupied by REVS Bowling, in 2023

    ust under two years after making the high-profile acquisition, Vancouver-based real estate developer Keltic Development has unveiled its redevelopment plans for the REVS Bowling site in Burnaby.

    The 4.3-acre site is located at 5502 Lougheed Highway, steps away from the Millennium Line SkyTrain's Holdom Station in the Brentwood neighbourhood and directly east of Boffo Development's Bassano master-planned community.

    The site has been home to REVS Bowling (formerly known as Brentwood Lanes) since the early 1960s and grew to become a popular entertainment and recreation destination for residents of Burnaby and beyond.

    Keltic Development acquired the site for $94,000,000 in September 2022, in a deal that was completed in April 2023 and brokered by Chris Midmore, James Lee, and Carl Chen of Macdonald Commercial.

    By Howard Chai
    05-02-2025

  4. Prince of Dubai puts penthouses at Fairmont Pacific Rim up for sale

    A company whose beneficial owner is the crown prince of Dubai has listed four penthouse units at the Fairmont Pacific Rim condo tower in downtown Vancouver in a potential sale that offers a rare glimpse into the upper echelons of the city’s luxury real estate market.

    Leemar Investments FZE has owned these units since 2013, when it was reported that it bought the main penthouse on the top floor for $25 million and then a unit one floor below, on the 46th floor, for $15 million.
    By Joanne Lee-Young
    29-01-2025

  5. Shawn Oaks site at 5505-5585 Oak Street in Vancouver, Landmark Premiere Properties in receivership

    A large-scale redevelopment plan for a site near Oakridge Park that has been in the works for several years is set to be delayed even further as the developer is now facing receivership proceedings, according to court filings in the Supreme Court of British Columbia.

    The 3.2-acre property is currently occupied by the 72-unit Shawn Oaks townhouse complex that Landmark Premiere Properties acquired in phases between 2016 and 2021, all of which are now owned by Shawn Oaks Holdings Ltd. and beneficially owned by Landmark Shawn Oaks Development Ltd., both of which are listed as respondents alongside Landmark Premiere Properties Ltd. and Helen Chan Sun, the two guarantors.
    By Howard Chai
    25-01-2025

  6. The key False Creek property has sold for an undisclosed sum

    Vancouver’s Plaza of Nations, a prominent but largely derelict waterfront parcel, has been sold for an undisclosed sum. The price is believed to be several hundreds of millions of dollars.

    There has been renewed attention on False Creek’s northeast shore — the last undeveloped waterfront piece of the Expo 86 lands — after Concord Pacific unveiled its vision for a massive development on the land immediately east of the Plaza of Nations.

    The Plaza of Nations property was rezoned in 2018 to allow for more than two million square feet of space in mixed-use buildings of up to 30 storeys, but progress on that stalled.

    By Dan Fumano, Joanne Lee-Young
    13-01-2025

  7. Little Mountain - One building is open, a second one will be completed in March and three others by spring and summer of 2026

    Holborn Properties Ltd. bought the 15-acre property near Queen Elizabeth Park in 2008 from the provincial government for $334 million and promised to replace more than 200 social housing units the company demolished in the early stages of ownership.

    So far, only a 53-unit social housing building for seniors has opened.

    The delays in replacing the housing have made the company a target of criticism for years from housing advocates and civic and provincial politicians, including Premier David Eby when he was attorney general in 2021.

    But in a Jan. 6 visit to the development site,BIVlearned a 62-unit building facing Main Street is expected to be completed by March, while three other buildings are scheduled to open in the spring and summer of 2026.
    By Mike Howell
    10-01-2025

  8. Period of relative stability continuing, new B.C. property assesments find

    Most B.C. homeowners didn't see a big change in their assessments this year. Experts say it's mostly because of high interest rates, but there are other factors at play.

    In all the authority’s regional offices, assessors found most homeowners can expect their home values to have changed between plus or minus five per cent, regardless of property type, which to lead surveyor Bryan Murao speaks to the impact of higher residential mortgage interest rates.
    By Derrick Penner
    02-01-2025

  9. Thinking of building a secondary suite in B.C.? These programs may help pay for it

    B.C. and Ottawa are offering loans to help with the cost of building secondary suites. Here's what you need to know about both programs.

    Homeowners in B.C. who want help covering the cost of converting an unused basement into a rental apartment or a garage into a laneway home can tap provincial or federal loan programs that are part of much larger plans to increase the housing supply.
    By Joanne Lee-Young
    29-12-2024

  10. City council backs demolishing hotel

    The heritage building at 500 Dunsmuir Street, owned by Holborn Properties, has been empty since 2013. It will be demolished within three weeks.

    There was unanimous support at a meeting of Vancouver city council on Wednesday for the recommendation that the 167-unit Dunsmuir Hotel be declared dangerous and taken to the ground.

     

    Chief building official Saul Schwebs told council that the heritage building at 500 Dunsmuir St. had been empty since 2013 and no maintenance work has been done since then.

     
    Source: The Vancouver Sun
    18-12-2024

Archives

Others