Done Deals highlights: December 2016 issue

Our top commercial real estate transactions from WI's December edition | Whistler Creekside Village sold as part of $103 million portfolio transaction

By
Western Investor
December 2, 2016





Creekside
Whistler Creekside Village at Whistler was sold as part of an international portfolio by CNL Lifestyle Properties. — CNL Lifestyle Properties

A private real estate consortium made up of The Imperium Cos.MMG Equity Partners and Blue River Family Office Partners has acquired a seven-property portfolio of international trophy retail assets located within luxury resorts, from CNL Lifestyle Properties, for $103 million.

The portfolio includes Whistler Creekside Village at Whistler and consists of 423,482 square feet of ground-floor retail in the mixed-use villages of six ski resorts and one golf and beach resort in the United States and Canada.

Marcus & Millichap arranged the transaction.

The deal also involves The Village at Mammoth, CA.;Village at Copper, CO.; Stratton Mountain Village, Vt.; The Village of Baytowne Wharf, FLA.; and Blue Mountain Village, Ontario.

Marcus & Millichap’s brokers in the transaction included Rene Palsenbarg in British Columbia Mark Paterson in Ontario. 


 

From | HM Commercial Group, Macdonald Realty, Kelowna

DEAL | Three-storey, 9,260-square-foot retail character building in Pandosy core, Kelowna. Price: $3.5 million.

DEAL | 1.05-acre strip mall, Southgate Shopping Centre, near Lake Okanagan, Kelowna. Price: 6.3 million.

DEAL | 12-unit multi-family investment property, developed by Radec Group. Downtown Penticton. Price: $3.1 million.

DEAL | 1.33-acre manufacturing site on long-term lease by Universal Packing Inc. Kosmina Road, Vernon. Price: $2.5 million.

 

From | HQ Commercial. HQ Commercial agent Cynthia Jagger brokered the following sales:

DEAL | 10-unit rental apartment complex, Esquire Apartments. West Broadway, Kitsilano. Price: $4.3 million.

DEAL | Two-storey, 19-unit rental apartment building, Sage Manor. Royal Oak Avenue, Burnaby. Price: $5.48 million.

 

From | Frontline Real Estate Services Ltd. Frontline agents Todd Bohn, Justin Mitchell and Owen Yates brokered the following transaction:

DEAL | Mission Community Health Centre, under long-term lease by Fraser Health Authority.  Price: $15.5 million.

Frontline agent Todd Bohn sold the following:

DEAL | An acre of commercial development land purchased by Spire Construction for construction of a 51-square-foot strata office building. 200 Street corridor, Langley. Price: $1.4 million.

Frontline agent Todd Bohn and Kyle Dodman, with sales agents Mike Thompson and Bruno Fioventa of JLL, sold the following:

DEAL | Two acres of industrial land, 25 Avenue, Surrey. Price: $2.96 million.

 

From | William Wright Commercial, Vancouver, sold the following:

DEAL | 1,567-square-foott Gastown Paris Block retail building, tenanted by restaurant Acme Café and located in downtown Vancouver at West Hastings and Abbott. Price: $1 million.

William Wright agent Marianne DeCotiis sold the following:

DEAL | Two parcels of land, 104 acres in total, zoned for waterfront residential development along Howe Sound, off Highway 99, West Vancouver. Price: $4.2 million.

William Wright agent Cory Wright reports the following:

DEAL | 1,598-square-foot, corner-unit retail space in new strata development, Mount Pleasant, Vancouver. Price: $1.7 million.

 

From | HomeLife Glenayre Realty. HomeLife agent Rick Toor reports:

DEAL | A five-unit retail building, including two rental suites, Vedder Road, Chilliwack. Price: $2.6 million

DEAL | More than two acres of serviced commercial land, sold by 3157 Investments Inc. for storage or light industrial development. Yale Road, Chilliwack. Price: $1.25 million.

 

From | CBRE Ltd., Edmonton, National Apartment Group. CBRE agent Brad Gingerich reports the following:

DEAL | 72-unit apartment complex consisting of four buildings and 53,520 square feet of rentable area, in Red Deer, Alberta.  Price: $7.16 million.

DEAL | 30-unit rental apartment building, 127 Street, Edmonton. Price: $4.95 million.

 

From | NAI Commercial, Langley.  NAI agent Gary Niesner sold the following:

DEAL | 5,226-square-foot office building, 176 Street, Surrey. Price: $1.56 million. •

 

Recently completed a major commercial real estate transaction? Submit details using our new online form for a free listing in Done Deals. 


Frank O'Brien is the editor of Western Canada's biggest commercial real estate newspaper, Western Investor, as well as a contributing editor at West Coast Condominium, real estate contributor to Business in Vancouver and a regular media commentator on real estate investment.
Tanya is Western Investor's web content and social media coordinator. She first joined the Western Investor team as a editorial assistant in 2016, after a summer spent freelancing at Glacier Media papers The Burnaby Now and New West Record. She is a graduate of Langara College's journalism program.
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