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AWARD 2018 Categories OFFICE DEVELOPMENT...... C4

INDUSTRIAL LEASE...... C5

DEVELOPING LEADER...... C6

e INDUSTRIAL DEVELOPMENT...... C7

Tenant Improvement...... C8

OFFICE LEASE...... C9

retail...... C10

MIXED-USE DEVELOPMENT...... C10

INVESTMENT TRANSACTION...... C11 nc tate e s E ll e al e R al i c r a Aw ds of Exc Commer

Presented by gold sponsors silver sponsors

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CC2 2018 Commercial Real Estate Awards of Excellence

Mess age from the President

Vancouver is extremely pleased to partner with Business in •dialogue pertaining to the City of ’s False NAIOP Vancouver to co-host the Commercial Real Estate Awards of Creek Flats Plan Excellence Gala on Thursday, May 17, 2018, at the Fairmont Waterfront Hotel. The There is good reason for our voice to be heard. The event will recognize excellence in commercial real estate within the Metro Van- June 2017 Economic Impact Report, conducted by the couver area for the years 2016 and 2017. This is the fourth such recognition gala University of British Columbia Sauder School of in which we have partnered with Business in Vancouver. The last one was held in Business Centre for Urban Economics and Real Estate, May 2016. The awards recognize the full range of disciplines involved in creating indicates that NAIOP Vancouver members generate successful real estate solutions, while highlighting the leadership role played by nearly $9.7 billion in economic activity and $4.5 billion property owners, developers and professional advisers. in GDP in Metro Vancouver alone. NAIOP Vancouver We were delighted with the number and quality of submissions we received. I members are also responsible for the creation of over would like to acknowledge the vital role NAIOP Vancouver plays in advocating for 200,000 direct, indirect and induced jobs in the Lower our members and for the commercial real estate industry. No single real estate Mainland. In short, we make a significant contribution company can do this alone and we need a strong collective voice to both educate to our economy, and I am delighted to see the best of the best being honoured at and participate in these valuable discussions with all stakeholders. NAIOP does the awards gala next month. exactly this as our members continue to shape commercial real estate in Metro I congratulate all the finalists and look forward to an exceptional evening on Vancouver and British Columbia. Thursday, May 17. Over the past few years we have focused on numerous key issues, representing Individual tickets, corporate tables and regular tables are available at: www.biv. our industry in consultation with many municipalities and government bodies com/CREA. including but not limited to: •consultation regarding development charges pending TransLink Phase II expansion Steffan Smith •improving the City of Vancouver’s CAC negotiations process for office President, NAIOP Vancouver, 2018 developments •communication with the City of Richmond on DCC increases co-chairs Jennifer Podmore Russell Conrad Rego Senior Vice-President, Operations – Rennie Group Partner, Real Property & Planning - McCarthy Tetrault Jennifer has earned a reputation within the industry for her ability to Conrad Rego is a partner at McCarthy Tetrault’s Real Property & Planning craft, articulate and execute complex real estate strategies. Over the past Group in Vancouver. His practice is focused on all aspects of commercial decade, she has successfully built and managed a real estate consultancy real estate, with a particular emphasis on real estate financing. Conrad that focused on disseminating information and analytics into actionable regularly advises significant institutional and private landlords, developers, intelligence for clients in both the public and private sectors. Jennifer brings investors and lenders on a variety of residential, commercial, mixed-use and an invaluable combination of skill sets, including her network of real estate comprehensive projects. industry professionals, her ability to analyze and assess land valuation, her understanding of deal structures and her ability to map strategic transactions. Most notably, Jennifer is called upon by key industry and public sector leaders to assess risk and structure of real estate transactions in a manner addressing the often competing priorities of certainty, risk mitigation, ownership and, of course, value extraction.

Ju dges Cam Grieve Chris Enns Chuck We Partner, Vice President Executive Director, President, Office Leasing, Investments, Mortgage Investments, Oxford Properties Group Lotus Capital KingSett Capital

David Podmore Graeme Silvera Kirk Kuester Chairman & Co-Founder, VP Retail Development, Executive Managing Director, BC, Concert Properties Ivanhoe Cambridge Colliers International

 JOin us tO CeleBrAte

 Fairmont Waterfront Hotel | 900 Canada June 7, 2018 Place Way, Vancouver | 6:15pm - 9:00pm

 Business in Vancouver and the Chartered Professional Accountants of BC have once again partnered to recognize and celebrate the top CFOs in British Columbia. Winning CFOs will be profiled in Business in Vancouver on May 8th. Visit www.biv.com/bc-cfo-awards to register.

presented by: gold sponsors: general sponsors: 1274 20140401 page Categorya

Commercial Real Estate Awards of Excellence The NAIOP Vancouver Chapter, in partnership with Business in Vancouver is delighted to present the 2018 Commercial Real Estate Awards of Excellence. This event will recognize excellence in commercial real estate within the Metro Vancouver area for the 2016 and 2017 calendar years.

RegistRation open | May 17, 2018 | Fairmont Waterfront Hotel

2018 FINALIsTs Best Tenant Improvement Best Investment Transaction • 777 Dunsmuir - KPMG Offices • Barafield Multi-Family Rental and • ACL Services Ltd. Future Redevelopment Assets • Nightingale • Bentall Centre • Capcom - Solo Building • • Willingdon Business Park Best Industrial Development • Delta Link Business Park Best Office Development • Hopewell Distribution Centre, Phase IV • 510 Seymour • Oxford Queensborough Logistics Group • Hayer Business Centre • River’s Edge Business Park • Manulife - 980 Howe • The Exchange Best Industrial Lease • Loblaw Properties West Inc. – T&T Supermarket Best Office Lease • Hopewell Distribution Centre IV • Anvil Centre • Oxford Queensborough Logistics Park • Nickel Building • Oxford Riverbend Business Park • Ormidale Block Best Mixed Use Development • Capcom - Solo Building • Capital Park Best Retail of the Year • Parq Vancouver • Muji • Solo District • Northwoods Village Developing Leader • Ted Mildon, Senior Manager, Oxford Properties • Darren Wong, Director, Investments, Peterson

PRESENTED By: GOLD SPONSORS:

SILVER SPONSORS: GENERAL SPONSORS:

GO2PRODUCTIONS ® make it great

For more information and to register, visit www.biv.com/CREA.

1274 20140401 page Categorya

C4 2018 Commercial Real Estate Awards of Excellence B Est Office Development | Finalists Award will be given to the team or individual responsible for developing the top office project completed during the calendar years 2016 and 2017. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered.

510 Seymour Hayer Business Centre Manulife - 980 Howe The Exchange Vendor/Owner: Vendor/Owner: Hayer Builders Vendor/Owner: Manulife Vendor/Owner: SwissReal Group 510 General Partnership Group Team Members and Financial Group | Team Members and Credit Suisse | Team Members Team Members and Affiliated Affiliated Companies: Taylor Kurtz and Affiliated Companies: In and Affiliated Companies: Integral Companies: Serracan Properties Ltd. Architecture + Design, Integrated collaboration with Endall Elliot Group, Iredale Architecture, Harry (Gino Nonni, John Conicella) | Musson Construction Associates Gugger Studio, SwissReal Group, PCL Cattell Mackey Partnership | Ledcor Hayer Builders Group is a full-service The new office development by Manulife Constructors, MKT Development Group | Glotman Simpson Group of residential developer focused on providing Real Estate in downtown Vancouver Group, RJC, AES Engineering, Render Companies | Integral Group well-designed (single-family, townhome features 16 storeys of office space over a Light & Planning, MCW Consultants, Developed by Serracan Properties and and condo) homes throughout Surrey street-level podium with prime storefront PWL Partnership, RDH Building completed in 2017, 510 Seymour is a and Langley. Hayer Business Centre was retail space and building services. The Engineering, GHL Consultants, 10-storey, 82,000-square-foot LEED designed with the purpose of a being commercial office component offers large Donald Luxton Associates, Gold office building. Located on a small, a flagship office expansion to have all floor plate rental opportunities, with areas Geopacific Consultants Ltd., Vertech 9,360-square-foot corner site at Seymour staff under one roof as well as 12 small ranging from 15,160 to 16,611 square feet. Elevator Services, Stantec, Hygienica and West Pender in downtown Vancouver, bay industrial lease spaces. This is It features double-height entrance lobby Environmental Assessments Ltd., the building design concept makes a Hayer Builders Group’s first commercial with marble, granite and wood finishes, Palladin Security, Bunt & Associates, modern, architectural interpretation industrial building and totals 27,632 nine-foot office ceilings, floor-to-ceiling Conservart, RWDI Consulting of a “jewel in the box.” Two strong square feet. Hayer Business Centre glazing on the exterior walls of all office Engineers, Matson Peck & Topless, concrete flanks extend the building’s full will have a second building of 28,256 floors and a shared penthouse meeting McElhanney, Gallop Varley, WSP, height, framing two prominent glazed square feet breaking ground soon. Visit room, complete with roof terraces. Altus Group, Verve Projects, Renu facades featuring chiselled windows that hayerbuildersgroup.com to find out more. Bakshi, Brook Pooni Associates, JLL, culminate at its large roof deck. Ballard Fine Art The building is anchored by Adler Uni- Situated in the heart of the business precinct versity which occupies five different inter- of downtown Vancouver, The Exchange is connected floor levels. Grade level will a AAA-class 405,000-sq.-ft. office tower feature a bar/restaurant with a contigu- with hotel and retail components. Com- ous outdoor patio that animates Pender missioned by Credit Suisse and SwissReal street and takes advantage of the extra Group, the development was designed by wide setbacks. Iredale Architecture and Harry Gugger 510 Seymour demonstrates that a per- Studio. The 30-storey tower elegantly in- ipheral CBD location, combined with a tegrates the iconic 11-storey Vancouver boutique-scale and small-plate offer- Old Stock Exchange building, incorporat- ing can be viable and meet the needs and ing into it Vancouver’s early history and desires of a new and changing Vancouver earning it a “Heritage Building” designa- business environment. tion. The Exchange is on track to achieve LEED Platinum certification – a first for a Vancouver heritage conservation. Various key features contribute to its exemplary environmental performance, including a geo-exchange and solar thermal system, radiant heating/cooling, LED lighting, rain- water harvesting and more. The Exchange will expend half the energy of a like-sized office tower, and has been developed with architectural aesthetic, sustainability and occupant well-being in the forefront of its design – all while preserving a piece of Vancouver’s roots.

Business in Vancouver is seeking B.C.’s outstanding young entrepreneurs, executives, managers and professionals in public, private and non-profit sectors NomiNatE SomEoNE for its 2018 Forty under 40 awards. aHEaD oF tHEiR aGE! Forty under 40 winners will be profiled in the December 4th issue of Business in Vancouver and celebrated at a gala dinner in January 2019. GO2PRODUCTIONS ® TO NOMINATE VISIT: www.biv.com/forty-under-40make it great Nominations will be accepted until July 30th.

Platinum Sponsor: Silver Sponsor: General Sponsors: 1274 20140401 page Categorya

2018 Commercial Real Estate Awards of Excellence C5

B Est Industrial Lease | Finalists Award will be given to the team or individual responsible for negotiating the top industrial lease completed during the calendar years 2016 and 2017. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of landlord and/or tenant. Market impact of the transaction will also be considered.

Loblaw Properties West Inc. Hopewell Distribution Oxford Queensborough Oxford Riverbend - T&T Supermarket Centre IV Logistics Park Business Park Vendor/Owner: Dayhu Group of Vendor/Owner: PIRET | Team Vendor/Owner: Oxford Properties Vendor/Owner: Oxford Properties Companies | Team Members and Members and Affiliated Companies: Group | Team Members and Group | Team Members and Affiliated Companies: Tenant: Murray DeGirolamo president, Affiliated Companies: Drew Affiliated Companies: Drew Loblaw Properties West Inc. (T&T Hopewell | Patricia Cayen, director | Gilbertson, Oxford Properties | Gilbertson, Oxford Properties Group Supermarket Inc. division) | Landlord: Kevan Gorrie & David Owen, PIRET | John Lecky, Avison Young | Stu Morrison, Colliers International | Dayhu Group of Companies | Tenant Chris MacCauley & Kyle Hanna, CBRE A local company celebrating international Tony Vigini, Wales McLelland Broker: CBRE Limited This four-building, 1,690,000-square- success, Aritizia aimed t0 accelerate sales After executing on a new long-term CBRE Limited represented Loblaw foot distribution centre campus, located growth by looking to its supply chain. contract to service 23 coastal health care Properties West Inc. in securing new within the Port of Vancouver’s Richmond Evaluating markets throughout the Pacific facilities, K-Bro was faced with the need central head office, warehouse and food Logistics Hub, represents the largest NW and Western Canada showed that a to expand its processing capacity and production facilities of 195,587 square feet speculative project ever constructed in the major part of the equation was to retain pursued options to build a new state-of- with the Dayhu Group of Companies. The Lower Mainland. This 330,000 square feet staff while promoting continued growth. the-art industrial laundry plant. After project also involved negotiating a new speculative distribution facility provided Benefiting from close proximity to public examining several scenarios, K-Bro lease at an offsite distribution warehouse the last opportunity for tenants to secure a transport, amenities and major consumer elected to pursue the first building in facility for a total project size of 370,514 new, tier-1 building within the Hub. IKEA markets, Aritzia executed a 223,000-sq.-ft. Oxford’s Riverbend Business Park for a square feet. The combined T&T facilities quickly recognized this when they entered lease transaction with Oxford Properties premises of 115,384 square feet (148,000 are unique for the Metro Vancouver the market to establish a new distribution months before completion on the last square feet including mezzanine). Problem industrial market – comprised of an centre to support its increasing retail building at Queensborough Logistics Park. solving and creative thinking have been unprecedented mix of central kitchen, growth pattern and its expanding The new facility will serve as a collection paramount in delivering this critical central bakery, freezer and cooler space, e-commerce. IKEA identified with the point for clothing manufactured overseas, service to the Lower Mainland’s hospitals ambient distribution warehouse and over quality of assets previously constructed providing a distribution hub for bricks- and hotels in a timely and efficient 50,000 square feet of newly renovated within Hopewell DC, its proximity to store and-mortar retail locations as well as manner. head office space with a showpiece test location, the port and overall centrality. Aritzia’s growing e-commerce business. kitchen in this flagship location.

BUILDING SOMETHING BETTER MNP Real Estate and Construction Services Real estate and construction is fast paced and dynamic — there’s an energy and at the centre is the desire to build something better. At MNP we continuously strive to create innovative programs and scalable solutions that help you capture that momentum. Big or small, we know it’s not about size – it’s about quality, value and above all else, the opportunity to build something you can truly be proud of.

Contact:

Rob Wesley, CPA, CA Craig Donnelly, CPA, CA Greater Vancouver Regional Leader Vancouver Leader Real Estate and Construction Services Real Estate Services T: 604.536.7614 T: 604.637.1523 E: [email protected] E: [email protected] 1274 20140401 page Categorya

C6 2018 Commercial Real Estate Awards of Excellence B Est Developing Leader | Finalists Award will be given to the NAIOP Vancouver developing leader who during the calendar years 2016 and 2017 showed exemplary leadership in the commercial real estate industry and who contributed to the industry in a significant way.

Darren Wong Ted Mildon Company: Peterson Company: Oxford Properties Position: Director, Investments Position: Senior Manager Darren Wong began his real estate career Ted Mildon is a Senior Leasing Manager with Peterson in 2005 where he gained with Oxford Properties, a global real estate valuable experience in the areas of real company that participates in international estate investment, asset management, markets as an owner, investor, asset capital lending and finance. After 10 manager, developer and real estate years with the company, Darren joined manager. Ted has more than 10 years of Second City / City Office REIT where real estate experience, initially starting in he co-ordinated the acquisition and investment sales at Colliers in Edmonton asset management of office and multi- before moving to retail leasing and family assets in the United States, before investment sales at Colliers in Vancouver. rejoining Peterson in 2017 where he is In 2013 Ted joined Oxford Properties now responsible for the company’s real and since that time he has participated estate investment activities. During his in over 250 transactions totaling over 1 13-year career, Darren has been fortunate to million square feet. Ted’s primary focus participate in over $1 billion in transactional is the leasing of Oxford’s seven downtown volume in Canada and the U.S. Vancouver office properties. Ted graduated Darren holds a Certified Management from the University of Alberta in 2006. Accounting designation (CPA, CMA) and He is a past member of the UDI U40 a Diploma in Urban Land Economics from Committee and he currently sits on the UBC. He currently serves on the Developing NAIOP Developing Leader Committee. Leaders Committee for NAIOP Vancouver and the BC Children’s Hospital Foundation Building for Kids Program committee, and is a past member of the Urban Development Institute U40 Committee.

More than you think.

 Serracan is proud to be a Best Office Finalist

1010 - 510 Seymour Accelerating success. serracan.com  1274 20140401 page Categorya

2018 Commercial Real Estate Awards of Excellence C7 B Est Industrial Development | Finalists Award will be given to the team or individual responsible for developing the top industrial development completed during the calendar years 2016 and 2017. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered. This category shall include both multiple building projects and single building projects.

Delta Link Business Park Hopewell Distribution Oxford Queensborough River’s Edge Business Park Vendor/Owner: Beedie | Team Centre, Phase IV Logistics Group Vendor/Owner: River’s Edge Business Members and Affiliated Companies: Park Limited Partnership (part of Vendor/Owner: PIRET/Hopewell Vendor/Owner: Oxford Properties Developer: BBeedie – Todd Yuen; Conwest Group of Companies) Team Members and Affiliated Group | Team Members and Binnie & Associates – Tom Rabey; Team Members and Affiliated Companies: Stuart Morrison, Affiliated Companies: Drew Geo-Pacific Consultants Ltd. – Companies: Conwest Developments Darren Cannon, Roy Pat - Colliers Gilbertson - Oxford Properties Group Roberto Avendano; Keystone Ltd. | Construction: Capo Construct- International | Kevan Gorrie – PIRET | | Todd Yuen - Beedie Group | Lindsay Environmental – Raminder ion Inc. / Clutch Contracting Inc.; Murray DeGirolamo – Hopewell Colin - Port of Vancouver Grewal; Envirowest – Mark Adams; Krahn Engineering Ltd.; GeoPacific; Hopewell Distribution Centre is a four- Oxford Queensborough Logistics Park Landscape – Al Tanzer; Bunt & ByCar Engineering Ltd.; Murphy building 1,690,000-square-foot distri- is prime out-of-the box thinking from Associates – Christephen Cheng; Design Services Inc /SML Consult- bution centre campus located within the three forward-looking partners. The John Hoefer and Tanya Mitchner ants Group Ltd.; KM Civil Consultants Port of Vancouver’s Richmond Logistics development transformed a dilapidated Beedie purchased the Chatterton Lands Ltd.; Durante Kreuk Ltd.; Papove Hub. 7031 York Road is the fourth and final sawmill into a 590,000-sq.-ft. state-of- located along the in 2015 and Professional Land Surveying Inc. phase of a project that transformed distri- the art logistics park. The catalyst was rezoned the site, allocating 84 acres for Located in Port Coquitlam and part of the bution centre design and development in a 45,580-sq.-ft. build-to-suit lease with development, 15 acres for parkland and Dominion Triangle master-planned com- Metro Vancouver through the introduction DAMCO, executed and occupied within 4.4 acres for new municipal roads and munity, River’s Edge Business Park boasts of Hopewell’s progressive and successful 12 months of lease signing. Once DAMCO public space. The site will eventually over 500,000 square feet of small and Calgary and the GTA projects to our mar- was fully operational, Beedie executed a provide approximately 1.75 million square medium bay strata warehouse units. Adja- ket. This 330,000-square-foot specula- forward purchase agreement with Oxford feet of industrial space to the market cent to over 35 acres of dedicated intertidal tive distribution centre represented the Properties. This created a structure that and will greatly increase employment wildlife habitat, parks and green space last opportunity for tenants to secure a allowed Beedie to maintain its construction opportunities for the City of Delta. along the Pitt River, and over 650 units new, tier-1 building within the Richmond interest in the remaining two speculative The original Park development had of new riverfront residential housing, the Logistics Hub. buildings. Oxford took over the buildings’ an estimated eight-year completion 23-acre River’s Edge Business Park has ownership, management and long-term schedule. established itself as a hub in the Tri-Cities land lease with the Port of Vancouver. for warehouse and distribution facilities.

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C8 2018 Commercial Real Estate Awards of Excellence B nEst Te ant improvement | Finalists Award will be given to the team or individual responsible for the best tenant improvement completed during the calendar years 2016 and 2017. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered. This category shall include both multiple building projects and single building projects.

777 Dunsmuir - ACL Services Ltd. Nightingale Capcom – Solo Building KPMG Offices Vendor/Owner: Manulife Real Estate Vendor/Owner: Hawksworth Vendor/Owner: BOSA Team Members and Affiliated Restaurant Group | Team Members Team Members and Affiliated Vendor/Owner: Cadillac Fairview Companies: Reotech Construction and Affiliated Companies: Studio Companies: Janay Koldingnes | Team Members and Affiliated Ltd. | SSDG Interiors Inc. | CBRE Munge, Interior Designer Alexa Bustamante | Nicole Companies: Carol Jones, Principal ACL Services Ltd., a global software de- Located on the site of Vancouver’s historic Broughton | Marie de Montigny- in Charge | Ricky Gruetz, Associate velopment company headquartered in University and Quadra Clubs, award-win- Simoneau | Turner Construction | Ken Bunn, Associate | Fiona Vancouver, wished to move its 150-person ning firm Studio Munge created Night- Tech has grown up: DIALOG’s Vancouver Chatterji, Interior Designer | office into nearly 64,000 square feet of a ingale’s multilevel interiors which pay interior design team turned gaming office Therese Ethier, Interior Designer new building, spanning four storeys. Its homage to building’s historic roots. Fea- design on its head with Capcom’s new | Dana Graf, Associate | Integral main objective was to create flexible space, tures such as refurbished light fixtures, Canadian headquarters. Cherished as the Group, Mechanical (Kai Chen) and aligned with its values and work styles, to exposed copper pipes and remodelled original video game maker, Capcom has LEED Consultant (Kevin Welsh) | almost triple the size of the firm in the next library furniture, contribute to a feeling of been an industry leader for over 25 years. MKT Development Group, Project few years. This objective was underpinned comfort and intimacy akin to a perfectly While the company was founded and is Manager (Laura Beaton) | Flow by a desire to attract excellent people, imperfect gentlemen’s club. headquartered in Japan, DIALOG knew Consulting Group Inc., Electrical encourage collaboration and teamwork, that Capcom Vancouver was destined to Consultant (Othmar Brunner) | whether onsite or remotely through ef- put their name back in the limelight and Engineering Harmonics Limited, AV fective use of technology. come out swinging. Capcom’s goal was to Consultant Floors 3-10 (Paul Alegado) relocate to a more urban, transit-oriented | Applied Electronics, AV Consultant building that would ease employees’ com- Floor 11 (Stephen Monteith) | Jensen mutes, which is exactly what they did. Hughes Consulting Canada Ltd., Together with Cressy, Capcom selected Code Consultant (Gordon Richards) 52,000 sq.ft. of raw shell space in Bosa | Read Jones Christoffersen Ltd., Properties’ mixed-use development. SOLO Structural Consultant (Dennis Gam at 2025 Willingdon Avenue in Burnaby. and Julia Halipchuck) | General Contractor/Construction Manager: Reotech Construction Ltd., (AJ Pratt, Dave Price and Cindy Bressler) This project originally included the reno- vation of KPMG’s existing six floors and the associated interconnecting internal staircase, with staged expansion to four additional full floors, for a total of 160,000 square feet of space, housing nearly 1,000 KPMG staff. The project included a de- tailed functional space program and full interior design services, including furni- ture, demountable walls, custom furniture and signage over a phased schedule span- ning five years. KPMG was interested in transitioning from a primarily enclosed office space to a more transparent of- fice environment using smaller offices with glass fronts, open workstations and benching.

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ContACt: Marie Pearsall | 604-608-5158 | [email protected] 1274 20140401 page Categorya

2018 Commercial Real Estate Awards of Excellence C9 B Est Office Lease | Finalists Award will be given to the team or individual responsible for negotiating the top office lease completed during the calendar years 2016 and 2017. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of the landlord and tenant. Market impact of the transaction will also be considered.

Anvil Centre Nickel Building Ormidale Block Capcom – Solo Building Vendor/Owner: 777 Columbia Street Vendor/Owner: PC Urban Vendor/Owner: Century Group Vendor/Owner: BOSA Inc. (Suki Sekhon and Joe Segal) 285 West 5th Holdings Ltd. / Team Members and Affiliated Team Members and Affiliated Team Members and Affiliated PC Urban Properties Corp. Companies: Colin Scarlett, Colliers Companies: Janay Koldingnes | Companies: Colin Scarlett, Colliers Team Members and Affiliated International – acted for the Tenant Alexa Bustamante | Nicole International – acted for Tenant | Companies: Colin Scarlett, Colliers | Dan Jordan, Colliers International Broughton | Marie de Montigny- Jason Teahen, Colliers International International – acted for Tenant | – acted for the Landlord | Stephen Simoneau | Turner Construction – acted for Tenant | Brian Mackenzie, Brent Sawchyn, PC Urban Moscovich, Colliers International Tech has grown up: DIALOG’s Vancou- Colliers International – acted for Properties – Landlord | Relic – acted for the Landlord | Jeff ver interior design team turned gaming Tenant | Sarah Batut, Fasken – acted Entertainment - Tenant Malenfant, Regus/SPACES - Tenant office design on its head with Capcom’s for Tenant | Douglas College – Tenant One of Vancouver’s oldest and most nota- Originating in Amsterdam and acquired new Canadian headquarters. Cher- | Roger Leggatt, Cushman Wakefield ble video game companies, Relic Enter- by Regus, SPACES is the largest profit- ished as the original video game maker, – acted for Landlord | Max Zessel, tainment (owned by SEGA), doubles in able co-working brand in the world and Capcom has been an industry leader for Cushman Wakefield – acted for size to kick off a new 71,000-square-foot were looking for their first ever Vancouver over 25 years. While the company was Landlord | Suki Sekhon, CRS Group Mount Pleasant office/industrial mixed- location. The Ormidale Block was the founded and is headquartered in Japan, – Landlord | Pat Julien, Koffman – use building being built by progressive first building to be built in in DIALOG knew that Capcom Vancou- acted for Landlord developer, PC Urban. 100 years. Together, SPACES and Century ver was destined to put their name back The success of the local economy has driv- Group were pioneering. in the limelight and come out swing- en a demand for qualified business people ing. Capcom’s goal was to relocate to a and Douglas College’s business program is more urban, transit-oriented building satisfying this demand, but their growing that would ease employees’ commutes, program needed more space. The vacant which is exactly what they did. Together Anvil Centre needed a tier 1 tenant to break with Cressy, Capcom selected 52,000 the back on the leasing. This was a great sq.ft. of raw shell space in Bosa Prop- business case study. erties’ mixed-use development, SOLO, at 2025 Willingdon Avenue in Burnaby. 1274 20140401 page Categorya

C10 2018 Commercial Real Estate Awards of Excellence B l EST Retai | Finalists Award will be given to the team or individual responsible for negotiating the top investment transaction or development completed during the calendar years 2016 and 2017. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of all parties involved. Market impact of the transaction will also be considered.

MUJI NorthWoods Village Vendor/Owner: MUJI Canada Inc. Vendor/Owner: PCI Developments Corp. Team Members and Affiliated Companies: MUJI Canada Inc., Unison Team Members and Affiliated Companies: Construction, RKJ (MUJI Japan) Michael Reed and Geoff Heu (GWL Realty Advisors), Keith Hemphill and Anca MUJI Robson Street is a combination of our Japanese heritage and the feel of the city we Hurst (Rositch Hemphill Architects), John Sharp and Tyler Pasquil (Ventana are opening in. An effort to have many elements of the West Coast have been included Construction Corporation) within the store to blend the two different world together for this very unique Global NorthWoods Village is a pedestrian-oriented, mixed-use shopping centre consisting Experience Flagship Location on Robson Street. of 60,000 sq.ft. of neighbourhood retail, anchored by a boutique grocery store and an integrated, 80-unit market rental apartment building. As the final phase of the 23-acre NorthWoods Business Park, the Village development offers residents the opportunity to truly live, work and play in a compact, walkable community and in proximity to the vast outdoor recreational amenities on the North Shore. The retail mix, including the locally owned Stong’s Market grocer, not only appeals to the residents and the local community, it offers needed amenities to neighbouring Maplewood businesses.

B Est Mixed-Use Development | Finalists Award will be given to the team or individual responsible for developing the top mixed-use project completed during the calendar years 2016 and 2017. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation and scale will be considered.

Capital Park Solo Building Parq Vancouver Vendor/Owner: Jawl Properties and Concert Vendor/Owner: SOLO District Vendor/Owner: Parq Holdings Limited Partnership Properties | Team Members and Affiliated SOLO District by Jim Bosa’s Appia in Burnaby is one of the (lessee), BC Pavilion Corporation (owner) Companies: Architects: HDR | CEI Architecture region’s newest and largest master-planned communities. Team Members and Affiliated Companies: Parq Associates, Inc. and Endall Elliot Associates Located just steps away from the Millennium Line and Holdings Limited Partnership (Paragon Gaming, | Landscape Architects: PWL Partnership Brentwood Station the community offers the opportunity Dundee Corp. & PBC Group) | Marriott Hotels | Blau Landscape Architects Inc. | Structural: RJC | to live, work and shop within the four iconic towers. SOLO + Associates (food & beverage) | IBI Architects Electrical: AES | Mechanical: Integral | Civil: WSP | has successfully redefined urban living in Burnaby through A new international entertainment destination, located Water Features: Vincent Helton & Associates its daily shopping conveniences, restaurants, services, in downtown Vancouver next to BC Place Stadium, Parq Capital Park is strategically located across from the offices and residences. Vancouver features two luxury hotels, which include a JW Provincial Legislature in the heart of Victoria. HDR | CEI The SOLO District has seamlessly and successfully Marriott and the Douglas, an Autograph Collection Hotel. and Endall Elliott Associates designed this mixed-use integrated various commercial and residential uses into one Both hotels provide guests access to Parq Vancouver’s development to include office, residential and street-front defined community. Community design has considered wide range of amenities, including downtown retail space. and accommodated its residents and tenants through Vancouver’s only casino, eight diverse restaurants and An important component of the project was to enhance thoughtful features such as an elevated dog park, podium lounges, a 30,000-square-foot park with native trees the area without jeopardizing the established essence of the rooftop gardens, barbecue areas, car-share programs and located six floors above street level, a world-class spa, neighborhood, which dates back to the 1940s. Community public gathering space among its anchor retail tenants. a modern fitness studio and more. Parq Vancouver also gardens, generous greenways, and the relocation and includes more than 60,000 square feet of well-appointed, revitalization of heritage buildings are several features that flexible meeting and event space, featuring Vancouver’s emphasize a commitment to the current neighbourhood largest hotel ballroom. dynamic. The architectural design takes strong cues from the adjacent Legislature and Queen’s Printer building. A broad plaza connects the lobbies of the two office buildings, providing social gathering space for the public and people who live and work at Capital Park. Targeting LEED Platinum, many sustainable initiatives have been incorporated, including a holistic approach to heating and cooling, green roofs, solar domestic hot water, and solar shading. 1274 20140401 page Categorya

2018 Commercial Real Estate Awards of Excellence C11 B Est Investment Transaction | Finalists Award will be given to the team or individual responsible for negotiating the top investment transaction completed during the calendar years 2016 and 2017. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of all parties involved. Market impact of the transaction will also be considered.

Barafield Multi-Family Bentall Centre Grouse Mountain Willingdon Business Park Rental and Future Vendor/Owner: Ivanhoe Cambridge Vendor/Owner: McLaughlin family Vendor/Owner: HOOPP Team Members and Affiliated Team Members and Affiliated Team Members and Affiliated Redevelopment Assets Companies: Jim Szabo, Tony Companies: Tony Quattrin, Jim Szabo Companies: Colin Scarlett, Colliers Vendor/Owner: Barafield Realty Ltd. Quattrin, CBRE National Investment - CBRE National Investment Team International & Tony Quattrin, CBRE Team Members and Affiliated Team Vancouver CBRE’s NIT Vancouver sold Grouse NIT-Vancouver | Simon Lim, Colliers Companies: Kevin Meikle, Don CBRE’s NIT Vancouver sold Bentall Centre Mountain in July 2017. Grouse Moun- International | James Lang, Colliers Duncan, Edgar Buksevics, Chris Driver in June 2016. Widely regarded as the pre- tain represents the best of Vancouver’s International (Cushman & Wakefield ULC) eminent downtown office complex, the natural beauty and outdoor energy and 2,000 jobs! $7 billion global tech giant For- The Barafield Multi-Family Rental and Fu- portfolio ranks among the most prestigious is situated on an expansive 1,262 free- tinet acquired two buildings from HOOPP ture Redevelopment Assets consisted of an Vancouver office assets. CBRE sourced a hold acres of land. Grouse Mountain is in Willingdon Business Park with a total offering for sale of thirteen multi-family foreign buyer for this transaction, its first the only privately owned mountain and of 282,000 square feet allowing them to rental properties totaling 1,058 suites. entry into the Vancouver market. Bentall boasts 90 years of rich recreational his- grow to 2,000 employees to become one of The properties are located in four muni- Centre contains approx. 1.45 million square tory. NIT Vancouver ran a comprehensive the largest employers in Metro Vancouver. cipalities, including Vancouver, Burnaby, feet of institutional office space, 145,000 global marketing process from September Coquitlam and Surrey, and represented square feet of prominent retail space in an 2016 that successfully communicated the an exceptional opportunity to acquire a underground concourse and two parkades. asset’s tremendously rare offering and mix of highly coveted income-producing The complex is home to world-class ten- high desirability, resulting in an unparal- multi-family rental assets as well as rental ants. Each tower features sophisticated leled level of demand globally, with mul- intensification and condominium redevel- interior and exterior common areas as well tiple offers from a wide range of investors opment projects in some of the region’s as classic architecture. This sale is the most who were extremely motivated to own this highest growth areas. While it was pos- significant real estate transaction in Van- Vancouver icon. CBRE secured a leading sible that all properties could be acquired couver’s history and at the time the largest international investment group as a buyer All finalist descriptions by a single entity, each of the properties single office transaction recorded in B.C., for Grouse Mountain Resorts and achieved sourced from submitted was analyzed independently and was of- at over $1 billion. pricing beyond comparable resort sales. nomination packages. fered for sale on an individual basis. A BETTER WAY

From design to construction, our approach promises a better experience for our clients. 1274 20140401 page Categorya

Board of Directors 2018

Back, left to right: Anthio Yuen, Developing Leaders Chair, GWL Realty Advisors Inc., Marvin Haasen, Development Issues & Government Relations Co-Chair, Madison Pacific Properties Inc., Jarvis Rouillard, Past President, PCI Developments, Steffan Smith, President, GWL Realty Advisors Inc., Andrew Laurie, Membership Chair, JLL, Dan Jordan, Breakfast Committee Co-Chair, Colliers International, Tony Tse, Treasurer, KPMG, Don Fairgrieve-Park, Development Issues & Government Relations Co-Chair, QuadReal Property Group, LP., Pedro Tavares, Development Issues & Government Relations Co-Chair, Altus Group Ltd. Front, left to right: Carolina Miranda, Administrator, NAIOP Vancouver, Stephen Smith, Breakfast Committee Co-Chair, Manulife Real Estate, Darlene Hyde, BC Real Estate Association, Janay Koldingnes, Events Committee Chair, Dialog Design Missing: Ryan Berlin, Communications Chair, Rennie Group, Beth Berry, Vice President, Beedie, Jason Kiselbach, Member at Large, CBRE Limited Brokerage Services, Chris MacCauley, National Director, CBRE Limited, Conrad Rego, Legal Counsel, McCarthy Tetrault LLP

NAIOP Vancouver represents commercial Why become a member of NAIOP? real estate developers, owners and investors of office, industrial, retail and mixed-use properties. It provides strong advocacy, • Legislative voice with municipal and provincial officials—through our Development Issues and education and business opportunities and Government Affairs Committee. connects its members through a powerful North American network. • Local networking opportunities through monthly breakfast speaker series and events. NAIOP truly reflects the pulse of the • Mentorship Program and special events for Developing Leaders, under 35 years of age. commercial/industrial/development industry in Greater Vancouver. It provides its diverse • A biennial Commercial Real Estate Awards of Excellence Gala, to recognize the best in the industry. membership with a valuable network of industry professionals, a powerful forum • Industry and market information—through breakfast speakers, special publications and the chapter to exchange ideas, economic information website, www.naiopvcr.com and market news, and a collective voice to lobby for regulatory debate and change. • Access to the NAIOP Canada Sustainability Blog’s wide collection of articles, reports, case studies NAIOP works for members year round to and other sustainability-related works enhance market knowledge and exposure, to help streamline the industry, and provide a • The Annual Cost of Business Report—which reviews the effectiveness of local municipalities in healthy sprinkling of camaraderie and fun. addressing office and industrial development projects. The Vancouver Chapter of NAIOP is one of 51 chapters within an extensive network • Educational opportunities—through seminars, webinars and symposiums, including the annual that represents the interests of developers and owners of industrial, office and Developers’ Symposium. related commercial real estate throughout North America. NAIOP’s Award Winning • Biweekly e-bulletins which keep the membership up to date on industry news and events. annual Cost of Business Survey provides a benchmark for performance of over 21 • Active online community, allowing members to join the conversation, grow their networks, and municipalities in the Metro Vancouver area obtain the latest commercial real estate news at @NAIOPVancouver & NAIOP Vancouver Group with respect to their development costs and (LinkedIn) ease of doing business.

For more information on NAIOP – Vancouver Chapter or any of its events, please visit the website at www.naiopvcr.com, email [email protected] or call 604.601.5106