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Presented by gold sPonsors silver sPonsors

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2016 AWARD CAtegoRiesOFFICE DEVELOPMENT ................................................. C4DEVELOPING LEADER (UNDER 35 YEARS OF AGE).................................. C4INDUSTRIAL LEASE ............................................................... C5MIXED-USE DEVELOPMENT ................................ C6RETAIL DEVELOPMENT .................................................. C7INDUSTRIAL DEVELOPMENT ............................. C8TENANT IMPROVEMENT ............................................. C9OFFICE LEASE ................................................................................... C10INVESTMENT TRANSACTION ........................... C10RETAIL LEASE .................................................................................... C11

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For more information on our property due diligenceand remediation management services, check outour website or give us a call. We are here to help.

Commercial Real Estate

Awards of Excellence

Visit www.biv.com/realestateawards to register

The NAIOP Vancouver Chapter, in partnership with Business in Vancouver, is delighted to present the 2016 Commercial Real Estate Awards of Excellence. This event will recognize excellence in commercial real estate within the Metro Vancouver area for the 2014 and 2015 calendar years.

May 17, 2016 | 6:15pm - 9:00pmThe Fairmont Waterfront

NAIOP member/BIV subscriber: $125Non-member/Non-subscriber : $150

Event partner table: $2250

PresenTed by: Gold sPonsors:

silVer sPonsors:

General sPonsors:

make it greatGO2PRODUCTIONS ®

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MessAge fRoM the PResiDent

Co-ChAiRs

NAIOP Vancouver is extremely pleased to partner with Business in Vancouver to co-host the Commercial Real Estate Awards

of Excellence Gala on Tuesday, May 17, 2016, at the Fairmont Waterfront Hotel. The event will recognize excellence in commercial real estate within the Metro Vancouver area for the years 2014 and 2015. This is the third such recognition gala in which we have partnered with Business in Vancouver. The last one was held in May 2014. The awards recognize the full range of disciplines involved in creating successful real estate solutions, while highlighting the leadership role played by property owners, developers and professional advisers. We were delighted with the number and quality of submissions we received.

I would like to acknowledge the vital role NAIOP Vancouver members and the commercial real estate industry play in our economy. A study conducted a few years ago by the University of British Columbia Sauder School of Business Centre for Urban Economics and Real Estate indicates that NAIOP Vancouver members generate more than $9.6 billion in GDP for the local economy, including the con-tribution of Port Metro Vancouver. In addition, NAIOP Vancouver members were responsible for the creation of over 200,000 direct, indirect and induced jobs in the Lower Mainland. The estimated value of annual new construction from office,

retail, industrial, and residential and mixed use in Metro Vancouver is over $877.9 million, and property tax payments by NAIOP Vancouver members in both the city of Vancouver and the Lower Mainland exceeded $310 million, or roughly 42% of all non-residential property tax revenues in the Lower Mainland.

In short, NAIOP Vancouver members make a sig-nificant contribution to our economy, and I am de-lighted to see the best of the best being honoured at the awards gala this month. I congratulate all the finalists and look forward to an exceptional evening at the Fairmont Waterfront Hotel on Tuesday, May 17. Individual tickets, corporate tables and regular tables are available at www.biv.com/realestateawards.

Chris MacCauley President, NAIOP Vancouver, 2016

Jennifer Podmore RussellJennifer Podmore Russell is a director of Deloitte Real Estate whose expertise involves a broad range of traditional and non-traditional real estate projects. Prior to joining Deloitte in late 2009, Jennifer successfully ran an independent consulting firm based in Western Canada focused on tracking all major residential and mixed-use development in B.C. and Alberta. Jennifer sits on the boards of NAIOP and Atira Women’s Resource Society.

Ernie HeeErnest Hee is a partner with McMillan LLP. He advises on all aspects of commercial real estate and corporate/commercial law. He has a varied client base that includes well-known banks, developers, pension funds, limited partnerships and private individuals. Ernest also acts for European real estate investors and has acted for prominent U.S. investors and real estate funds on various acquisitions in B.C. His skill as a negotiator and closer is well known in the real estate community.  Ernest is a board member of and legal counsel to the Vancouver chapter of the NAIOP Commercial Real Estate Development Association.

JuDgesStephanie SetchellLeasing manager,Farrell Estates Ltd.

Steffan SmithSenior director,GWL Realty Advisors

David PodmoreChair,Concert Properties

Steve SmithManaging director, western region, Manulife Real Estate

Andrew KirkhamVice-president, portfolio management, Western Canada,Kingsett Capital

Raymond ChoyChief investment officer,Peterson

Texcan - Pacific Link

We are a family company with a long history of looking forward, and we’ve been operating for more than 50 years. We are masterful planners and have extensive experience in rehabilitating and developing brownfields sites. Our foundation was built on developing relationships with good long-term tenants in our commercial holdings.

Today, we are one of Western Canada’s largest private real estate organizations.

wesgroup.ca

TransLink - Brewery District Building 2 - Brewery District

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745 Thurlow Vendor/Owner: 2748355 Canada Inc.Team Members and AffiliatedCompanies: bcIMC, Bentall Kennedy, MCMP, Stuart Olson7 4 5 T h u r l o w i s a 2 3 - s t o r e y , 400,000-square-foot, triple A-down-town office development with main floor retail and a rooftop amenity area. It was designed and constructed to a LEED Gold standard with certification expected in 2017.

980 HoweVendor/Owner: Manulife Financial Group | Team Members and Affili-ated Companies: In collaboration with Endall Elliot AssociatesThis new office development by Manulife Real Estate in downtown Vancouver features 16 storeys of office space over a street-level podium with prime storefront retail space and building services. The commercial office component offers large floor plate rental opportunities, with areas ranging from 15,160 to 16,611 square feet, totalling over 250,000 square feet. It features a double-height entrance lobby with marble, granite and wood finishes, nine-foot office ceilings, floor-to-ceiling glazing on the exterior walls of all office floors and a shared penthouse meeting room, complete with roof terraces.

offiCe DeveloPMent | finAlistsAward will be given to the team or individual responsible for developing the top office project completed during the calendar years 2014 and 2015. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered.

MNP TowerVendor/Owner: Oxford Properties Group and CPPIB | Team Members and Affiliated Companies: Oxford Properties Group, CPPIB, Kohn Ped-ersen Fox, MCM Architects, LedcorThe project mandate was to create an “AAA” boutique office building appealing to the city’s predominantly 3,000-to-5,000-square-foot tenant size, capitalizing on its central location and North Shore views. Respectful of its context and the city’s sky-line, the project is connected to the heritage Marine Building and the University Club. Human-scaled architecture at the base was developed alongside a more urban scale at the tower’s top. Between the new build-ing and the University Club, the curtain wall peels upward, allowing the existing masonry facade to nestle beneath its prow and relate to the Marine Building base.

Coast Capital Savings Help Headquarters at King George StationVendor/Owner: PCI Developments Corp. | Team Members and Affiliated Companies: Musson Cattell Mackey Partnership Architects, Ledcor Construction, TriovestBu i lt to L E ED G old sta nd a rds, t h is innovative 10-storey office development at King George Station and Fraser Highway in Surrey City Centre includes 160,000 square feet of office space and 25,000 square feet of retail, with over 1,000 employees. This complex is home to the head office of Coast Capital Savings, a proud corporate citizen of Surrey that strategically chose a new, state-of-the-art building within an upcoming, vibrant, mixed-use, transit-oriented community.

Jason Kiselbach Senior associate, CBRE Ltd.Joining the NAIOP Developing Leaders committee in January 2014, Jason has become a mentor and leader to many in the industry. A trusted adviser to local industrial landlords and developers, he has been selected as the listing broker for many significant listing assignments. Jason coaches others to achieve their goals, helps students identify their career paths and has spoken at UBC Sauder events. Recently, Jason provided the industrial market overview and co-moderated the NAIOP Industrial Breakfast, and participated in the commercial real estate panel at Buildex Vancouver 2016. He has completed over 200 deals, executed on over $400 million of total transaction value and completed 5.4 million square feet of design builds.

Anthio Yuen Senior manager, portfolio analysis and research services, GWL Realty AdvisorsWith a background in property market analysis, urban planning and research strategy, A nthio manages the firm’s re a l e s tate m a rket re se a rch across Canada, supporting the firm’s portfolio m a n a gem ent te a m s a nd c l ient s b y providing insight into Canada’s property sectors. His primary duties include macro a nd u rba n-level econom ic a na lysis, property market forecasting and the formulation of investment strategy and emerging theme reports. Before joining GWL Realty Advisors, Anthio was part of a CBRE Ltd. research group and also had research roles with DTZ and the Real Property Association of Canada.

DeveloPing leADeR | finAlistsAward will be given to the NAIOP Vancouver developing leader who during the calendar years 2014 and 2015 showed exemplary leadership in the commercial real estate industry and who contributed to the industry in a significant way.

Janay Koldingnes Interior designer, DialogWith 15 years’ experience specializing in corporate workplace design, Janay has been the lead designer and project ma nager on major projects ra ng i ng from 10,000 to 215,000 square feet with corporations throughout Vancouver. With a well-rounded knowledge of the design and construction process, Janay provides her clients with timely, accurate updates to ensure a smooth process from start to finish. To establish optimal space utilization and design direction, she works with her clients to understand the dynamics of their organization. Working in Europe, she collaborated with a Dutch architectural firm creating architecturally significant spaces, the influence of which is evident in many of her projects.

Roy Pat Associate, Colliers InternationalRoy graduated from the University of British Columbia w ith a bachelor of commerce, specializing in finance, and completed a summer internship at GWL Realty Advisors. In 2012, he joined the industrial brokerage team at Colliers. Fully integrated in the underwriting, marketing, negotiating and sales processes, Roy has been involved in over $520 million of property sales, including those over $70 million in value, and 5.7 million square feet of leasing. He was a speaker at the 2015 NAIOP Vancouver Industrial Breakfast Event and a panellist in the fall 2015 Vancouver Real Estate Strategy and Leasing Conference. In spring 2016, he was involved with NAIOP’s consultation on the False Creek Flats with the City of Vancouver.

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inDustRiAl leAse | finAlistsAward will be given to the team or individual responsible for negotiating the top industrial lease completed during the calendar years 2014 and 2015. 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.

Vector Aerospace Building – Langley AirportVendor/Owner: Airport Facilities Corp.Team Members and AffiliatedCompanies: Graeme Bullus, Newmark Knight Frank DevencoreAs part of a seven-year real estate planning project for Vector Aerospace (subsidiary of Airbus Helicopters), Vector chose to build-to-suit a custom facility at the Langley airport to house its airframes and avionics divisions, including up to 150 new high-skilled aviation and engineering jobs. We represented the tenant in the transactions. T he resu lt i ng bu i ld-to-su it wa s a n 80,000-square-foot building, including 20,000 square feet of office, 186 parking spaces and two helipads.

Different by DesignAs one of the fastest-growing firms in Canada, we lead by example. We understand

what it takes to not only grow your business, but to structure it effectively for the

long term. MNP’s Real Estate and Construction team have the strategic industry

knowledge and experience you need to maximize opportunities. We deliver in-depth

accounting, tax and business consulting solutions as innovative as you are, keeping

you at the forefront of the competition.

Craig Donnelly, CPA, CA

Vancouver Leader

Real Estate Services

T: 604.637.1523

E: craig.donnelly@mnp.ca

Rob Wesley, CPA, CA

Greater Vancouver Regional Leader

Real Estate & Construction Services

T: 604.536.7614

E: rob.wesley@mnp.ca

Oxford Queensborough Logistics ParkVendor/Owner: Oxford Properties GroupTeam Members and AffiliatedCompanies: Drew Gilbertson, Todd Scarlett (Colliers International), Port Metro Vancouver (land lease), Beedie ConstructionThis lease transaction marks the second full building lease at Queensborough Logistics Park. Teaming with Beedie Construction, Oxford has committed to a full brownfield redevelopment of a 35-acre land lease site, formerly a dilapidated s a w m i l l , p r o v i d i n g b e s t-i n- c l a s s facilities in an irreplaceable location. The transaction represents a 243,610-square-foot full building transaction housing both light manufacturing and distribution for Arc’teryx Equipment. At full capacity, the facility will provide over 600 jobs, making Arc’teryx New Westminster’s second-largest private employer. The transaction defines successful brownfield development and the repurposing of industrial land in our constrained market.

Overland West Freight Inc.Vendor/Owner: Wesgroup Properties LPTeam Members and AffiliatedCompanies: Developer Wesgroup Properties; tenant Overland West Freight Inc. (part of Reimer Group of Companies)T h e O v e r l a n d d e v e l o p m e n t i s a 36,000-square-foot, 48-door, built-to-suit cross-dock facility located on Bridgeview Drive in North Surrey. This state-of-the-art transportation facility is on six acres and will be a relocation of op erat ion s f rom Por t K el l s. T he development will also include 11,000 square feet of turnkey office to serve as a regional head office that will be positioned on the site to give maximum exposure onto Bridgeview Drive. The site is a prime logistical location adjacent to the South Fraser Perimeter Road and will provide Overland with a central location to service the Lower Mainland and Western Canada.

109 Braid StreetVendor/Owner: 2725321 Canada Inc. (British Columbia Investment Management Corp.)Team Members and AffiliatedCompanies: bcIMC, Bentall Kennedy (Canada) LP, Cushman & Wakefield, AmazonConstructed in 1982, this 38-acre indus-trial site, adjacent to the Braid Street Sky-train station and the Brunette interchange to Highway 1, has offered exceptional warehouse and distribution space within Metro Vancouver. The main warehouse is 585,000 square feet with loading docks on three sides, generous truck loading access, trailer storage and abundant surface park-ing. The building has accommodated users ranging in size from 80 to 350,000 square feet. The owner has been working with the City of New Westminster on amending the official community plan and rezoning the site for a comprehensive mixed-use, transit-oriented development, but, after a vacancy challenge in 2014, opted to pursue leasing the building for longer than what was a rolling six-month demolition period.

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MixeD-use DeveloPMent | finAlistsAward will be given to the team or individual responsible for developing the top mixed-use project completed during the calendar years 2014 and 2015. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation and scale will be considered.

Telus Garden Office BuildingVendor/Owner: Various VendorsTeam Members and Affiliated Companies: Westbank, Henriquez Partners Architects, Integral Group, LMDG, PFS StudioTelus Garden revolutionizes the Vancouver skyline with two new towers in the heart of downtown. This $750 million redevelopment project involves the design and construction of a new 44-storey residential tower and a 22-storey office tower. The 450,000-square-foot office tower was completed in September 2015 and is the first LEED Platinum office building in Vancouver. It houses the company’s new headquarters as well as other offices, a restaurant and a public plaza, while the 435,0000-square-foot residential building will include market housing, retail units and underground parking. This civic icon of sustainability features a central plant with high-efficiency heat pumps and waste heat recovery from Telus Data Centre, radiant heating and cooling, demand-controlled ventilation and LED lighting. With over 10,000 square feet of green roofs including two elevated roof forests, Telus Garden is a stunning and true representation of British Columbia.

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Marine GatewayVendor/Owner: PCI Developments Corp.Team Members and Affiliated Companies: Perkins+Will, Triovest Realty AdvisorsMarine Gateway is Vancouver’s first transit-oriented, mixed-use development directly connecting to the Marine Drive Canada Line station and the South Vancouver bus loop at Cambie and Southwest Marine Drive. Built to LEED Gold equivalency, this 830,000-square-foot landmark comprises five separate air parcels: two residential towers with 415 condominium homes and 46 rental apartments, a 250,000-square-foot Class A office building and over 240,000 square feet of retail and public space – a total project cost of approximately $400 million. The 14-storey office building, integrated into the complex with large floor plates (14,800 to 21,200 square feet), will appeal to back office, engineering and research tenants, with amenities such as a fully equipped gym and outdoor terrace. Marine Gateway’s “High Street” offers best-in-class service, retail, entertainment and convenience shopping. It includes 1,250 underground parking stalls, co-op car stalls and a bicycle mobility centre.

725 GranvilleVendor/Owner: Cadillac Fairview Corp. Ltd.Team Members and Affiliated Companies: Josh Thomson (CF), Lou Ficocelli (CF), Carson Pennock (CF), Tom Knoepfel (CF), Jason Howell (CF)In 2012, Cadillac Fairview announced a multimillion-dollar redevelopment of the former Sears building. This project extends the current Pacific Centre complex and further solidifies the complex’s position as Vancouver’s pre-eminent downtown mixed-use property. Situated between Granville and Howe streets and spanning from West Pender to Robson Street, the redevelopment, called 725 Granville, is uniquely constructed. Instead of demolishing the old structure to erect a new one, the existing building’s shell was kept, but the structure was re-clad in glass. The former Sears department store was reconfigured to accommodate a new 48,000-square-foot multi-tenant retail space on the lower mall level, a 230,000-square-foot Nordstrom store on three floors, including the street level, and 290,000 square feet of AAA-class office space on the top four levels.

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725 GranvilleVendor/Owner: Cadillac Fairview Corp. Ltd.Team Members and Affiliated Companies: Josh Thomson (CF), Lou Ficocelli (CF), Carson Pennock (CF), Tom Knoepfel (CF), Jason Howell (CF)Located in downtown Vancouver, Nordstrom’s Canadian flagship store is one of the first six Canadian stores for the highly anticipated upscale fashion retailer. The redevelopment of an existing Vancouver landmark located in the centre of the downtown core makes this a noteworthy project. The distinctive Sears building’s structure was kept, but the new exterior design includes an architectural mixture of glass and stone. Nordstrom occupies 230,000 square feet on three floors, making it the largest Canadian store and the third of nine full-line stores planned for Canada. The office space component is significantly different from others in the downtown core with 73,000-square-foot floor plates, 17-foot ceilings and two landscaped atriums that offer tenants an open-air amenity area.

Marine GatewayVendor/Owner: PCI Developments Corp.Team Members and Affiliated Companies: Perkins+Will, Triovest Realty AdvisorsMarine Gateway is Vancouver’s first transit-oriented, mixed-use development directly connecting the Marine Drive Canada Line station and the South Vancouver bus loop on Cambie and Southwest Marine Drive. Built to LEED Gold equivalency, Marine Gateway is home to over 750 residents, supports over 2,000 jobs and is projected to increase public transit ridership by two million per annum. This mixed-use landmark is composed of two residential towers, a 250,000-square-foot office building and over 240,000 square feet of retail and public space. Marine Gateway’s High Street offers best-in-class service retail, entertainment and convenience shopping, supporting a vibrant hub of activity. Loblaw’s T&T Supermarket, Cineplex, Winners, Steve Nash Fitness and Shoppers Drug Mart are just a few of the many conveniences serving neighbourhood residents and workers.

McArthurGlen Designer Outlet CentreVendor/Owner: Templeton DOC LP, a joint venture between the Vancouver Airport Authority and the McArthurGlen GroupTeam Members and Affiliated Companies: YVR, McArthurGlen Group, McMillan LLPOne of the most eagerly anticipated architectural developments of 2015, the McArthurGlen Designer Outlet brings European flair and design in the form of an open-air village-style shopping haven to Vancouver. Consisting of 77 individual retailers spread out over 240,000 square feet, the outlet features cobblestone walkways, tree-lined streets, a dancing fountain and luxury piazza complemented by a variety of facades. Inspired by iconic Vancouver architecture including the Sinclair Centre, Vancouver Rowing Club and the brick of Gastown, McArthurGlen has been created for a true leisure experience. In November 2015, McArthurGlen was awarded the prestigious Mapic Award for Best Outlet Centre, ahead of other nominated projects in France, Canada and Russia.

RetAil DeveloPMent | finAlistsAward will be given to the team or individual responsible for negotiating the top investment transaction completed during the calendar years 2014 and 2015. 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.

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inDustRiAl DeveloPMent | finAlistsAward will be given to the team or individual responsible for developing the top industrial development completed during the calendar years 2014 and 2015. 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.

TexcanVendor/Owner: Wesgroup Properties LPTeam Members and Affiliated Companies: Developer Wesgroup Properties; tenant Texcan, a division of Sonepar Canada Inc.This project was a significant build-to-suit industrial warehouse and head of-fice building for Texcan at PacificLink Business Park, Surrey. The total facility is 105,000 square feet and comprises a 75,000-square-foot warehouse compon-ent with yard and 30,000 square feet of office. Texcan’s multi-purpose indus-trial building is esthetically appealing and sustainably conscious. Designed and built to exceed the design guidelines for PacificLink Business Park, it enhances the atmosphere along 120th/Scott Road. In order to deal with the mass of the build-ing, the office and warehouse functions are accommodated in two distinct vol-umes with contrasting colours and use of materials. The emphasis for the office component is on allowing as much natural light to flood into the office as possible, and where required, the light is modulated through the use of passive sun-shading devices. Similarly, clerestory windows are incorporated in the warehouse area to allow daylight and reduce the electrical lighting requirements. Great emphasis was placed on energy conservation, and this is the first industrial building in the PacificLink Business Park to use LED fix-tures throughout the entire building, yard area and parking lot.

Millennium VIVendor/Owner: Grosvenor AmericasTeam Members and Affiliated Companies: Architect R. Martin Cruise Architect; civil engineer Hub Engineering Inc.; electricalengineer S&A Falcon Engineering Ltd.; mechanical HVAC engineer MEC Engineering Consulting Ltd.; landscape architect PMG Landscape Architects; envelope consultant JRS Engineering; land surveyor Butler Sundwick; geotechnical assessment Levelton Consultants Ltd.; health & safety consultant Carl Savard; structural engineer Weiler Smith Bowers; broker Colliers International(Darren Cannon & Stu Morrison)Annacis Business Park in Delta is con-sidered the distribution hub of Metro Vancouver and is home to more than 430 companies, which employ over 10,300 people. Grosvenor, the privately owned international property development and investment group, expanded from the U.K. into North America in the 1950s. Its first international acquisition was the purchase of Annacis Island for industrial development. Grosvenor currently owns about 20% of the Annacis Business Park’s GLA, including approximately 210 acres of land and nine industrial buildings com-prising 1.1 million square feet. Grosvenor developed six of the nine buildings, which are referred to as the Millennium Port- fol io. T he most recent development completed of these is the Millennium VI warehouse project, a 165,000-square-foot Tier 1 distribution centre at 1005 Derwent Way. The project completed in October 2015 with 102,536 square feet leased for 10 years by Direct Distribution, and 60,179 square feet leased to Orbit Distribution for a five-year period.

Boundary Bay Industrial ParkVendor/Owner: Dayhu Group of CompaniesTeam Members and Affiliated Companies: Jonathan Barnett, president and CEO, Dayhu; Paul Tilbury, COO, Dayhu; Dean Fader, vice-president, real estate, Dayhu; Tony Vigini, Wales McLelland; John Kristianson, CTA Design Group; CBRE Ltd.Boundary Bay Industrial Park is a large-format distribution complex built by the Dayhu Group of Companies. The project was completed in two phases, each ap-proximately 433,000 square feet and con-sisting of unit sizes beginning at 100,000 square feet. The project was developed on former federally owned lands at the Boundary Bay Airport and filled a void in the market for large-format space, pioneered a new industrial sub-market, included environmentally sustainable project features and offered best-in-class specifications for large-format users in-cluding being the first project built with 36-foot clear heights. This combination of features resulted in market-leading absorption as the project was fully leased within 36 months of the land purchase, a considerable achievement considering the size of the lease transactions required relative to the size of the average distribu-tion user in Vancouver. The success of this project has led other industrial developers to begin construction on similar projects.

Advanced Integration Technology Canada Inc.Vendor/Owner: 161884 Canada Inc. (Beedie)Team Members and Affiliated Companies: Developer Todd Yuen, Beedie Development Group; designer Darcy Forcier, dForce Designs Inc.; mechanical engineer Martin Swain, Bycar Engineering Ltd.; electrical engineer Rick Tucker, SML Consultants Group Ltd.; structural engineer Kevin Lemieux, WeilerSmith Bowers Consulting Structural Engineering; tenant design Christine Baker (project manager), Advanced Integration Technology Canada Inc. T he d evelop er wa s pre sente d w it h an opportunity to re-lease the subject 15-year-old industrial building after having expanded the previous tenant into a new-built to suit manufacturing building. The existing site allowed for a 40% increase in size of the existing building. The developer sought to find a tenant to backfill the 100,000-square- foot vacancy and proceed with construc-tion of the 40,000-square-foot addition, to either be leased as one contiguous space or create a multi-tenant facility.

Counterpoint interiors inC.Design | BuilD | Relocate | Facilitate

CONGRATULATIONS TO THE COMMERCIAL REAL ESTATE AWARDS OF EXCELLENCE WINNERS!!Enjoy your successes, you deserve to be proud!

Counterpoint captures visions and dreams to create friendly attractive workspaces.

Brian Carroll, Ken Ly, Taylor Carroll 604-880-2248 brian@counterpoints.com | www.counterpoints.com

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tenAnt iMPRoveMent | finAlistsAward will be given to the team or individual responsible for developing the top industrial development completed during the calendar years 2014 and 2015. 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.

Expedia CruiseShipCentersVendor/Owner: Oxford Properties Group and CPPIBTeam Members and Affiliated Companies: Oxford Properties Group, Expedia CruiseShipCenters, Cushman & Wakefield, ProcomCentrally located in downtown Vancouver between Thurlow and Burrard, Oceanic Plaza is situated near the new Fairmont Pacific Rim Hotel and the convention cen-tre, offering spectacular views of Burrard Inlet, Stanley Park and the North Shore mountains. With Stanley Park on one side and Terminal City Club and the Vancou-ver Club on the other, it offers a unique combination of prestige and workplace satisfaction. Oceanic Plaza allows for easy access from any direction, by car or public transportation. Tenants also have access to the Guinness Tower fitness fa-cility across the street and fully equipped conference rooms with 14-foot ceilings on the Pender level. These bright facilities are ideal for meetings, corporate events or training seminars.

CBRE Vancouver officeVendor/Owner: CBRE (tenant improvement), Oxford (MNP Tower)Team Members and Affiliated Companies: CBRE Ltd.CBRE Canada decided a cross-country workplace transformation would be the ideal way to better serve its clients and influence the Canadian real estate in-dustry by demonstrating the benefits of integrating workplace strategy, design and employee well-being. The process began with CBRE Vancouver’s new office, which reflects the entrepreneurial and collabora-tive culture that CBRE prides itself on and provides an example to clients looking to realize their own workplace of the future. CBRE Vancouver found a 30,000-square-foot space in the new MNP Tower. Inte-grating over two dozen evidence-based wellness designs and technologies into the space, the CBRE Vancouver office was designed with a focus on creating a highly effective work environment and a space that supports health and well-being.

LGM FinancialVendor/Owner: Oxford Properties Group and CPPIBTeam Members and Affiliated Companies: Oxford Properties Group, Group 5 DesignLGM Financial’s new corporate office is located on the top three floors of the MNP Tower. LGM wished to highlight its success by moving to the most innova-tive tower in Vancouver, which had to be impressive for business partners and instil pride for staff. Every space had to allow access to views and encourage visual com-munication. The teardrop-shaped floor plate inspired details such as the curved and stepped ceilings, conference room art-glass and custom millwork throughout. The central staircase features polished granite cladding the core wall, and glass office fronts provide natural light and views through the office. Refined archi-tecture and European furnishings create a sophisticated interior that stands out in the marketplace.

Bull Housser & Tupper LLP Vendor/Owner: Bull Housser & Tupper LLPTeam Members and Affiliated Companies: Jo Ellen Kelly, Douglas Stimson, Erin SaucierThe new Telus Garden building features large floor plates, natural light and views of Vancouver’s skyline in the heart of downtown, which was perfect for Bull Housser to reinvent its workplace. The in-terior design firm expresses its B.C. brand and culture through imagery and a palette of natural materials. Facilities include lawyers’ offices with Italian designed modular furniture and wall systems, a col-laborative, all-staff lounge and in-house caterer. A key architectural feature of the building is the Sky Garden jutting out over Richards Street. New workspace standards and efficient space planning maximize the real estate investment. High quality and timeless finishes will stand the test of time well into the future growth of the firm.

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offiCe leAse | finAlistsAward will be given to the team or individual responsible for negotiating the top office lease completed during the calendar years 2014 and 2015. 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.

The Leckie Building Vendor/Owner: Talia Jevan Properties Inc.Team Members and AffiliatedCompanies: Colin Scarlett, Colliers; Kelvin Ng, Global Relay; Harmel Rayat, Talia Jevan Properties; Peter Tolensky, Lawson Lundell; Peter Anderson, BoughtonGlobal Relay, one of B.C.’s most celebrated and awarded tech companies, has experi-enced phenomenal growth over time. It was desperate for more space to accom-modate its growth and wanted to make sure its space was a big factor in employee retention/recruitment given all the U.S. tech firms that have come to Vancouver making the labour market frothy. The project came to Colin through a referral in 2003. Global Relay searched the market, but 220 Cambie Street secured its tenancy by satisfying all its requirements.

Oceanic PlazaVendor/Owner: OMERS Realty Corp. and CPPIBTeam Members and AffiliatedCompanies: Oxford Properties Group, Expedia CruiseShipCenters, Cushman & Wakefield, ProcomC r u i s e Sh ip Centers wa s lo c ate d i n Guinness Tower, but wanted to merge with Expedia in Oceanic Plaza. T his required the relocation of two existing tenants, which Oxford did not have a right to complete, and the termination of a third who had left the building. One ex-isting tenant agreed to move to Guinness Tower, ex pa nd i ng to 10,000 squa re feet. The second was to occupy a newly expanded and renovated space at Ocean-ic Plaza in a week. Instead, they shifted tempora ri ly to a 2,000-squa re-foot space before moving to MNP Tower. This allowed the retention and expansion of CruiseShipCenters to 28,500 square feet, while securing an extra 15,000 square feet with two existing tenants.

725 GranvilleVendor/Owner: Cadillac Fairview Corp. Ltd.Team Members and AffiliatedCompanies: Kayvon Besharat (Colliers), Lou Ficocelli (CF), Carson Pennock (CF), Tom Knoepfel (CF)At the beginning of 2014, Cadillac Fairview and Microsoft Canada entered into a lease agreement for two full floors in Cadillac Fairview’s new 725 Granville redevelop-ment. The transaction saw Microsoft lease the top two floors of what was previously the Sears department store, totalling over 143,000 square feet.

510 SeymourVendor/Owner: Serra Holdings (No. 4) Ltd.Team Members and AffiliatedCompanies: Colliers, Serracan, Adler University, GowlingsThe Adler University lease at 510 Seymour Street with Serracan Properties was the result of a truly collaborative process be-tween the agents, tenant and developer. Colliers represented both the tenant (Dan Jordan and Colin Scarlett) and landlord (Marco DiPaolo), and was able to bring the parties together to solve a number of challenges involved with pre-leasing a space of 30,000 square feet (almost half of the building), two years in advance of the building being completed. The deal gave the tenant the required flexibility to grow or contract the space during the design process, while still providing the developer with the certainty required to complete construction of the project.

Metrotower IIIVendor/Owner: Metro VancouverTeam Members and Affiliated Companies: Bob Levine, Avison Young; Jason Mah, Avison Young; Michael Gill, Avison Young; Michael Emmott, Avison Young; David MacFayden, Avison Young; Jonathan Pearce, Ivanhoé Cambridge; Randy Wenge, Metro VancouverT he off-ma rket sa le of the 414,000-squa re-foot Metrotower I I I proper ty i n Bu rnaby by Iva n hoé Cambridge to Metro Vancouver. The largest suburban office sale transaction in 2015.

Greater Vancouver Apartment PortfolioVendor/Owner: Western Investment Properties (WIP)Team Members and Affiliated Companies: Jim Szabo, Tony Quattrin, Lance Coulson, CBRE Capital MarketsThe Greater Vancouver Apartment Portfolio was a premier, multi-family rental apartment portfolio comprised of 19 properties improved with 22 rental apartment buildings and a combined total of 919 apartment units. This portfolio provided investors with a truly unique opportunity to achieve immediate scale in Vancouver’s highly constrained and sought- after rental investment market.

investMent tRAnsACtion | finAlistsAward will be given to the team or individual responsible for negotiating the top investment transaction completed during the calendar years 2014 and 2015. 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.

All finalist descriptions sourced from submitted nomination packages.

C112016 CommerCial real estate AwArds of ExcEllEncE

Oxford Properties is proud to be a finalist!

Oxford proudly owns and manages commercial real estate in major downtown markets across Canada as well as New York City, Boston, Washington, DC and London, England.

From new developments to marquee landmarks, our portfolio offers a vast selection of world class real estate, allowing our customers to find the right space to achieve excellence in their respective businesses.

Discover why 95% of Oxford customers surveyed would recommend to their employer that they stay in their building.

Make the move today.

CONTACT US:

Chuck We, Director of Leasing604-893-3257cwe@oxfordproperties.com

Queensborough Logistics Park MNP Tower Oceanic Plaza 800 Burrard

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RetAil leAse | finAlistsAward will be given to the to the team or individual responsible for negotiating the top retail lease completed during the calendar years 2014 and 2015. Selection will be based based upon 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.

The Carlyle Vendor/Owner: Thurlow & Alberni Project Ltd.Team Members and AffiliatedCompanies: CBRE Ltd.The Carlyle is at the heart of Vancouver’s emerging high-end shopping district, attracting numerous international luxury brands. The CBRE Urban Retail Team, working with the ownership group, provided advice on the re-merchandising strategy in all aspects. This provided holistic guidance on issues such as the handling of exist-ing tenancies, an appropriate facade upgrade, reconfig-uration of the remaining spaces and overall marketing approach. CBRE directed a diligent marketing program to gain exposure on a local, national and global level and provided a wide variety of potential suitors. The project is now occupied by De Beers and Tory Burch with deals soon to be finalized with Prada, Moncler and Jimmy Choo.

800 Burrard Vendor/Owner: Oxford Properties Group and CPPIBTeam Members and AffiliatedCompanies: Oxford Properties Group, CPPIB, Lululemon, Ledcor, CBRE Ltd.When Lululemon required a new flagship store in down-town Vancouver, Oxford Properties jumped at the op-portunity. This lease originated from a conversation between Oxford and Lululemon’s agent, CBRE. With deep backgrounds in design and development, and a strong relationship with Ledcor as general contractor, Oxford Properties was able to finalize the scope of work and re-price the design, resulting in a financial structure that accommodated all parties. This transaction changed the face of the building on one of the most prominent retail corners in downtown Vancouver, and has showcased Lululemon to residents, the business community and tourists on one of the most productive retail boulevards in the world, elevating the business on all levels.

McArthurGlen Designer Outlet CentreVendor/Owner: Templeton DOC LP, a joint venture between the Vancouver Airport Authority and the McArthurGlen GroupTeam Members and Affiliated Companies: YVR, McArthurGlen Group, McMillan LLPOne of the most eagerly anticipated architectural developments of 2015, the McArthurGlen Designer Outlet brings European flair and design in the form of an open-air village-style shopping haven to Vancouver. Consisting of 77 individual retailers spread out over 240,000 square feet, the outlet features cobblestone walkways, tree-lined streets, a dancing fountain and luxury piazza complemented by a variety of facades. Inspired by iconic Vancouver architecture including the Sinclair Centre, Vancouver Rowing Club and the brick of Gastown, McArthurGlen has been created for a true leisure experience. In November 2015, McArthurGlen was awarded the prestigious Mapic Award for Best Outlet Centre, ahead of other nominated projects in France, Canada and Russia.

• Local networking opportunities through monthly breakfast speaker series and events.

• Mentorship Program and special events for Developing Leaders, under 35 years of age.

• A triennial Commercial Real Estate Awards of Excellence Gala, to recognize the best in the industry.

• Industry and market information—through breakfast speakers, special publications and the chapter website, www.naiopvcr.com

• Access to the NAIOP Canada Sustainability Blog’s wide collection of articles, reports, case studies and other sustainability-related works

• The Annual Cost of Business Report—which reviews the effectiveness of local municipalities in addressing office and industrial development projects.

• Educational opportunities—through seminars, webinars and symposiums, including the annual Developers’ Symposium.

• The “Icon Speaker” series, which provides access to the top tier of industry leaders.

• Weekly e-bulletins which keep the membership up to date on industry news and events.

• Legislative voice with municipal and provincial officials—through our Development Issues and Government Affairs Committee.

• Active online community, allowing members to join the conversation, grow their networks, and obtain the latest commercial real estate news at @NAIOPVancouver NAIOP Vancouver Group

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

Back, left to right: Beth Berry, Developing Leaders Chair, Beedie Group | Donald Harrison, National Director, GWL Realty Advisors | Dan Jordan, Breakfast Committee Co-Chair, Colliers International Inc. | Marvin Haasen, Development Issues & Gov’t Relations Co-Chair, Madison Pacific Properties Inc. | Ernie Hee, Legal Council / Gala Co-Chair, McMillan LLP | Janay Koldingness, Events Committee Co-Chair, Dialog Design | Steffan Smith, Development Issues & Gov’t Relations Co-Chair, GWL Realty Advisors | Darren Burns, Communications Committee Chair, Stantec Architecture | Gordon Wylie, Development Issues & Gov’t Relations Co-Chair, Wylie Development Corp.

Middle, left to right: Stephen Smith, Breakfast Committee Co-Chair, Manulife Real Estate | Stephanie Setchell, Events Committee Co-Chair, Farrell Estates Ltd. | Darlene Hyde, Executive Director, NAIOP | Jennifer Podmore Russell, Education Committee/Gala Co-Chair, Deloitte

Front, left to right: John Middleton, Past President of NAIOP, ONNI Group | Chris MacCauley, President of NAIOP, CBRE Limited | Jarvis Rouillard, Vice President of NAIOP, Triovest Realty Advisors Inc.

Missing: Pav Sikham, Treasurer of NAIOP, KPMG LLP

Board of Directors 2016

Why become a member of NAIOP? NAIOP Vancouver represents commercial real estate developers, owners and investors of office, industrial, retail and mixed-use properties. It provides strong advocacy, education and business opportunities and connects its members through a powerful North American network.

NAIOP truly reflects the pulse of the commercial/industrial/development industry in Greater Vancouver. It provides its diverse membership with a valuable network of industry professionals, a powerful forum to exchange ideas, economic information and market news, and a collective voice to lobby for regulatory debate and change. NAIOP works for members year round to enhance market knowledge and exposure, to help streamline the industry, and provide a healthy sprinkling of camaraderie and fun. The Vancouver Chapter of NAIOP is one of 51 chapters within an extensive network that represents the interests of developers and owners of industrial, office and related commercial real estate throughout North America. NAIOP’s Award Winning annual Cost of Business Survey provides a benchmark for performance of over 21 municipalities in the Metro Vancouver area with respect to their development costs and ease of doing business.

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