Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development

Coquitlam announces plans for a Lincoln Avenue station on Evergreen Line

Coquitlam announces plans for a Lincoln Avenue station on Evergreen Line.

 

METRO VANCOUVER — The city of Coquitlam has reached a public-private partnership agreement with the federal government and Coquitlam Centre to build a third station for the Evergreen Line serving Coquitlam’s City Centre area.

Lincoln Station stop will be built at the City Centre of Coquitlam.

The federal government will contribute up to $7 million through the P3 Canada Fund toward the construction. The project will be co-funded through a partnership between the city and Pensionfund Realty Limited, a privately held real estate company. In addition, once selected, a private operator will be required to build and finance the project.

Read more: http://www.vancouversun.com/Coquitlam+announces+plans+Lincoln+Avenue+station+Evergreen+Line/6959452/story.html#ixzz217G3tVlz

July 19, 2012by david.taylor@colliers.com
Development

Another Trio of High-rises, 586 Units Proposed for Oval Village

Richmond Review – Another trio of high-rises proposed for oval village.

City staff are recommending approval of another set of high-rises in the oval village, but the latest proposal will force some civic bureaucrats out of the neighbourhood.

Hollybridge Limited Partnership is seeking to rezone 5440 Hollybridge Way, a site across the street from the Richmond Olympic Oval whose current tenants include city staff.

For more on this story: http://www.richmondreview.com/news/162947496.html

 

July 19, 2012by david.taylor@colliers.com
Market Research, Office

New Supply on the Horizon for Downtown Office Space

With less than 200,000 SF of new office space built since the completion of Bentall 5 in 2007, and a vacancy rate hovering below 5%, there is finally some new supply on the horizon.  Only Jameson House and the Hotel Georgia offices, both commercial strata office space in mixed-use projects have been built since that time, adding approximately 130,000 SF.

In 2014-2015, over 1,000,000 SF will be added to the downtown market with the addition of 745 Thurlow, Telus Garden and MNP Tower (1021 West Hastings).  All three are at varying stages of demolition or excavation.

July 19, 2012by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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