Vancouver has weathered the slumping office real estate market better than many North American cities, but two planned new developments have been paused in recent months. And, the region's overall vacancy rate remains well above traditional norms, NAI Commercial reports.
Crestpoint Real Estate Investments has created a new opportunistic fund, and partnered with Anthem Properties to acquire a Vancouver development site – 1318 Thurlow St. – on which they plan to build a 32-storey purpose-built rental tower.
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