News
Office Deal Profit Turns Heads
RealNet’s Paul Richter had an exciting stat on Westsea Properties' headline sale of the Royal Bank Building at 618-634 6th Ave. The building sold for $32M—a 101% increase from what the seller bought it for in 2007. (It's the extra 1% that really gave spectators some whiplash.) Local private investor Lezam International snapped up the property at a number close to the values per square foot the downtown Vancouver market's been experiencing, he says.
