Reason for big jump today.I would not have thought an article on the sale of the office would cause such a big jump, but I cannot find any other catalyst. The following was on the BIV (business Vancouver) site. Have I missed anything?
Meanwhile, demand for the headquarters of Avigilon Corp. – one of the city’s tech stars – has come from all quarters.
Avigilon paid $42 million for 555 Robson Street in early 2015 but at the end of November 2016 announced its intention to sell the property.
CBRE senior vice-president Kevin Nelson characterized demand as “tremendous.”
“[It’s] attracting interest from a wide range of groups including local, national, U.S. and offshore investors,” Nelson said. “This points to continued strong interest in Vancouver office assets in a market where supply remains constrained.”