Paloma 2 is just across Richmond Centre that features department stores such as The Bay, Sears and Zellers, plus a great mix of international retailers.
With momentum building from a strong finish to 2009, the British Columbia commercial real estate investment market enjoyed record sale transaction dollar volume of $1.026 billion in the first half of 2010.
For the first time in the province’s history, commercial real estate investment volume surpassed $1 billion in a six-month period as 45 sales transactions completed. In the first half of 2010, the total volume of office, retail and industrial property sales rose 43% from $715 million in the second half of 2009 and $643 million in the first half of 2009. As a result, the year-end 2010 total is expected to surpass the year-end 2009 mark of $1.36 billion by a wide margin.