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British Columbia

Wal-Mart to anchor new Mission shopping centre

SmartCentres, Canada's largest retail developer, has broken ground on a new 117,000-square-foot shopping centre in Mission.

Showdown at the Ranch Motel

The notorious Ranch Motel in Prince George - where police visits are a near daily occurrence - has been bought by a group of Vancouver investors who now face a showdown against undesirable tenants.

BC Hydro opens biomass plants

BC Hydro is adding enough renewable electricity to power 70,000 homes annually thanks to four new bioenergy projects located in Chetwynd, Fraser Lake, Fort St. James and Merritt.

REIT buys Sooke retail centre

Victoria-based Partners Real Estate Investment Trust (Partners REIT) has bought the Evergreen Shopping Centre in Sooke for a reported $15.8 million.

Victoria: New life for old space

Jawl, for its part, saw 1112 Fort Street offering long-term value to its portfolio when it struck a deal with BC Ferry Services for the 35-year-old property and closed the deal in 2010 for $11 million.

Onni pushes to complete gigantic industrial park

Onni Group has received a greenlight from Pitt Meadows Council to construct six buildings to complete the second largest industrial business park in B.C.

Victoria office market tightens

After two years of negative absorption - meaning more space was left empty than leased up - the City of Victoria's office market is seeing a modest recovery, according to a Colliers International survey.

Vancouver prices head higher

Royal Lepage is forecasting Vancouver house prices, already the highest in Canada, will increase another 15.4 per cent this year compared with 2010. This would make the overall average price $780,000.

Chilliwack eyed for new casino

Great Canadian Gaming Corp. has been an active player in the Fraser Valley market this spring, picking up a Chilliwack bingo hall and a Surrey development site. The casino operator, which last year raked in revenue of $383.

Northern sales appear frozen

With just 15 per cent of residential listings selling and prices flatlining, the housing market across most of northern B.C. failed to thaw out this spring. The B.C.