Biggest real estate deals of 2016

Ranked by total value of the deal

Updated and expanded March 28 and March 23, 2017 to include deals (23, 49, 66, 69, 70, 72 and 79) that were not included in the print edition published on March 21, 2017.  Updated March 22, 2017, to update incorrect information in deal #1 published in the print edition. Sources: Interviews with companies below, advisers to those companies and BIV research. 

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Rank '17FootnotesPropertyPurchaserSellerDescription of the dealPartial list of primary advisersDate deal closedPrice in CAD
1 Purchaser: Partnership comprising Squamish, Tsleil-Waututh and Musqueam First Nations Jericho Lands
Borders of West 4th Ave, Highbury St and West 8th Ave, Vancouver
MST (Jericho 2016) LP
Province of B.C.
Two parcels totalling 38.8 acres of ocean-view land overlooking Jericho Beach in West Point Grey; site of a former native village known as Iyelmexw Clark Wilson LLP, McCarthy Tétrault LLP 4/8/2016 $480,000,000
2 Seller: South Coast British Columbia Transportation Authority Oakridge Transit Centre lands
950 West 38th Ave, 929, 949 to 989 West 41st Ave, Vancouver
Intergulf-Modern Green Development Corp
13.8-acre former bus barn site; allows for more than 1.26 million sq ft of density in several low- and mid-rise buildings Cushman & Wakefield Ltd, Farris, Vaughan, Wills & Murphy LLP, Terra Law Corp 12/20/2016 $440,000,000
3 Royal Centre
1025 to 1055 West Georgia St, Vancouver
Royal Centre (KREC) Inc
Brookfield Canada Office Properties
589,102 sq ft, 37-storey, Class A office tower at the intersection of West Georgia St and Burrard St Brookfield Financial Real Estate Group Ltd, Forgestone Capital Management LP, RBC Capital Markets Real Estate Group Inc 2/29/2016 $427,500,000
4 Pearson Dogwood lands
500 West 57th Ave, Vancouver
Onni Pearson Dogwood Development LP
Vancouver Coastal Health Authority
Part of a $302 million, multi-purpose development land deal; this section is 25.4 acres with possible three million sq ft of density. Plans for 10 towers, several mid-rise buildings and a future Canada Line station Clark Wilson LLP, McCarthy Tétrault LLP 3/15/2016 $217,000,000
5 Molson Coors brewery
1550 Burrard St and 1655 West 1st Ave, Vancouver
Concord Pacific Developments
Molson Coors
Three-hectare manufacturing/industrial property on two lots, assessed at $49 million Colliers International 3/31/2016 $185,000,000

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Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Lists are researched by Carrie Schmidt and Anna Liczmanska. For questions or to provide feedback, please contact us by email,

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