Done Deals highlights: August 2018 issue

Anthem buys CBC Calgary site for $12M | Our top commercial real estate transactions from Western Investor's latest print edition

By
Western Investor
August 1, 2018





anthem cbc

Vancouver-based Anthem Properties has acquired the former headquarters of CBC/Radio-Canada Calgary for redevelopment into multi-family homes. 

The 2.43-acre site at 1724 Westmount Boulevard was purchased by Anthem for $12 million, after CBC moved to 1000 Veterans Place last fall after six decades at the Westmount location. The developer has plans to create an 84-unit, three-storey townhouse community of two- and three-bedroom suites. 

"We are pleased with the acquisition of the [this] site and our proposal to develop high quality townhomes in the Hillhurst-Sunnyside neighborhood," said Eric Carlson, CEO of Anthem. "Anthem is committed to Calgary as a core market for its diversified portfolio of residential and commercial properties. 

To date, Anthem Properties has developed, or is in the process of designing, 11,000 residential units across Canada, with a total commercial and residential portfolio value of approximately $5 billion.

Anthem submitted its land use and development permit application to the City of Calgary in June 2018. If approved, construction could begin by spring 2019. 

 


 

From | Landquest Realty Corp. Landquest agent Kurt Nielsen brokered the following:

DEAL | 13-unit strip mall sold for approximately $384,615 per units, situated on a three-acre lot. East Island Highway, Parksville. Price: $5 million. 

 

From | William Wright Commercial, Vancouver. William Wright agents Cory Wright and Marianne DeCotiis sold the following:

DEAL | A 10,129-square-foot development lot near King Edward Skytrain Station under the Cambie Corridor OCP. W 26th Avenue, Vancouver. Price: $11.95 million

William Wright agents Stathis Savvis and Will Hall sold:

DEAL | 13,420-square-foot, fully-leased and recently renovated mixed-use building. Lougheed Highway, Maple Ridge. Price: $5.2 million. 

William Wright agents Cory Wright and Matthew Everitt sold:

DEAL | 25,300-square-foot, eight-unit retail centre, sold for approximately $825,000 per suite. Montrose Avenue, Abbotsford. Price: $6.6 million. 

 

From | HM Commercial Group – Macdonald Realty Kelowna. HM agents Jeff Hudson and Marshall McAnerney report the following: 

DEAL | 3,749-square-foot retail building near Lake Okanagan. Bernard Avenue, Kelowna. Price: $1.44 million. 

 

From | Avison Young Commercial Real Estate, Vancouver. Avison Young agents Ryan Kerr and Garth White report the following. 

DEAL | Three parcels totaling 6.9 acres with industrial zoning. River Road, Savage Road and Patrick Street, Richmond. Price: $21.5 million. 

Avison agents Michael Farrell and Rob Greer sold the following:

DEAL | 77,719-square-foot single-tenant industrial building zoned for light impact industrial use. 129 Street, Surrey. Price: $9.5 million. 

 

From | Colliers International, Vancouver. Colliers agents Robert Down, Steve Fame and Dan Chatfield sold the following:

DEAL | Four apartment buildings comprised of 117 suites at the base of Burnaby Mountain. Inlet Drive, Burnaby. Price: $32.5 million. 

 

From | Frontline Real Estate Services Ltd., Langley. Frontline agents Mike Harrison and Justin Mitchell brokered:

DEAL | One acre of residential land designated for high-density development. 94 Avenue, Surrey. Price: $1.95 million. 

 

From | CBRE Edmonton. CBRE agent Bradley Gingerich reports the following sale: 

DEAL | 2.58-acre residential development land, zoned RA8. 1790 Keene Crescent, Edmonton. Price: $2.38 million.

 

From | NAI Commercial, Vancouver. NAI agents Terry Harding, Jackson Tang and Brandon Harding sold the following. 

DEAL | Fully-renovated, 21-unit apartment building situated on 13,720-square-foot lot. Fifth Avenue, New Westminster. Price: $6.95 million. 

 

From | JLL Canada, Edmonton. JLL agent Samuel Dean sold the following:

DEAL | 24-unit apartment complex near MacEwan University. 117 Street, Edmonton. Price: $3.24 million.

 

Tanya is a recent graduate of Langara College's journalism program and spent a summer freelancing for The Burnaby NOW and The Record, following a reporting internship with the publications. She joins Western Investor as an editorial assistant. Very much a millennial, she sees the irony in writing about real estate she will likely never be able to afford.
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