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Property availability has made the Fraser Valley Metro Vancouver's dominant industrial zone of late, Avison Young's Michael Farrell tells us, with Surrey and Langley fuelling a record $391M in region-wide deals last year. 
The Fraser Valley saw 214 industrial transactions in 2015. It was not the best year ever for volume (2011 had 226 deals), but industrial sales activity there outpaced Metro Vancouver competition, such as Richmond (105 deals, $268M) and Delta (39 deals, $133M).…
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Brookfield Office Properties' Royal Centre Sale Nets $285M
Brookfield Canada Office Properties has sold Royal Centre, netting proceeds of $285M. The 590k SF, 36-storey building at 1055 W Georgia St (housing Royal Bank of Canada's BC head office) was put on the block last year. While Brookfield didn't…
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Real Estate Board Hikes Fines For Badly Behaving Brokers
The Real Estate Board of Greater Vancouver voted to up the maximum penalty for realtors who violate its code of ethics, to $30k from $10k. The fine increase—REBGV's first since 2004—was ratified by 80% of members at the board's AGM…
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Bisnow Special Report: How Some Of The Nation's Top Leasing Agents Find Buyers (And Tenants)From broker parties to virtual tours, owners and leasing agents keep a delicate balance between creative and cutting edge when looking to market the nation's office buildings. Sure, Mark Georgas had business in mind when he paid $5k for a skybox at a Paul McCartney concert and invited 10 brokers and a dozen members of his team to the show in 2014. Mark, a VP for JLL Agency Leasing in Chicago (here with wife Jamie), wanted to fill the client's office space. But the music came first. |
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Colliers Edmonton Collects 27 Bags Of Shoes For A Good Cause
Colliers International Edmonton's charity shoe drive—a competition among its brokerage, property management, and valuation and appraisal teams—brought in three times the number of pairs anticipated. The office supplied 27 bags of shoes—626 pairs!—to Soles4Souls Canada, a global nonprofit organization committed…
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Here's How Much Money You'd Have If You Put $10k Into These Restaurants' StocksEveryone wishes they had gotten in on the ground floor of Facebook, Uber and other skyrocketing startups, and for good reason. Here's the breakdown of a few restaurants that have taken off over the 10-year stretch from 2004 to 2014, and how much cash you could have if you invested just $10k in them. |
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Bisnow Takes Its Talents To Nashville!Be on the lookout for the chance to rub shoulders with real estate's movers and shakers in Music City, as Bisnow brings its (almost) never boring news and events to Nashville. Hurry up and subscribe to our Nashville newsletter before April 6 to avoid missing any of the latest news and events info. And keep your eyes peeled for the first Bisnow event in the Wall Street of the South in July.
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Attention: Multifamily Owners And Developers (And Hotel Folks)In recent months it's been reported Airbnb is in talks with big landlords like Avalon, Equity Residential and Camden about working together to rent out apartments with a revenue split. This would obviously have huge implications for both the multifamily and hotel sectors. We are therefore excited that Airbnb senior official Chip Conley will be keynoting Bisnow's Lodging & Innovation Series on April 28 in Los Angeles. Normally our hotel conference is oriented to hotel operators, owners and managers. But this year it will also be of great interest to multifamily owners, developers and brokers. We think you will find our program—which also includes such notables as SLS founder Sam Nazarian, Ace Hotel president Brad Wilson, Virgin Hotel CEO Raul Leal, Google's head of Industry Travel Michelle Vincent and many others—enormously valuable. Please follow this link to information!
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