It's not just homeowners who are making big bucks flipping properties.
The security-solutions company Avigilon announced today that it has reached an agreement to sell its downtown Vancouver office tower for $107.5 million.
It bought the building at 555 Robson Street in November 2015 for $42 million.
The company will lease back the space.
"The transaction unlocks over $100 million in cash, will substantially reduce our debt, and secures a state-of the-art facility to support our growing business," president and CEO Alexander Fernandes said in a news release.
The deal is subject to certain conditions, including Avigilon meeting obligations under its credit facility.