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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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

City of Vancouver Lands Hootsuite as Tenant – Globe & Mail

Courtesy The Globe & Mail

“It took well over a year, but Mayor Gregor Robertson and his team has persuaded the explosively growing social-media company Hootsuite to stay in Vancouver.

On Thursday, the city announced it has struck a deal with Hootsuite to let the company buy a Vancouver-owned building in Mount Pleasant through a lease-to-own arrangement. And there will be more efforts like that, says the mayor, as the city fights to nurture fledgling head-office businesses to make up for ones that left over the last two decades.”

See the full article HERE.

November 23, 2012by david.taylor@colliers.com
Development

Design Plans for the 1300-block of Marine Drive in West Van Unveiled

North Shore Outlook – Design plans for the 1300-block of Marine Drive in West Van unveiled.

West Vancouver residents packed into district council chambers on Nov. 19 to have their say on whether a pair of buildings — one seven storeys, the other eight storeys — should be added to the 1300-block of Marine Drive.

Around 20 people, mostly seniors who live nearby, added their names to the list of speakers as overflow seating and a live-feed were set up outside the meeting room.

Many were upset about a proposed development that would take up an entire block on the south side of Marine Drive, close to the waterfront, saying the buildings would block their view, ruin the feel of the Ambleside community and cause too much traffic.

Read more: http://www.northshoreoutlook.com/news/180520711.html

November 23, 2012by david.taylor@colliers.com
Development

Casino Still Eyed for West of B.C. Place

Casino still eyed for west of B.C. Place.

Bets are still on that Edgewater Casino will relocate to a site west of B.C. Place Stadium.

Las Vegas-based parent Paragon Gaming has extended its lease with Canadian Metropolitan Properties for the Plaza of Nations casino until 2015 while Paragon and B.C. Pavilion Corporation hold their cards close to the vest.

In April 2011, Vancouver city council rejected a bid to expand the licence from 600 to 1,500 slot machines, but the city gave Paragon the green light to move the licence to a proposed $450 million casino/hotel complex on PavCo land. Company president Scott Menke told the Courier in May that he was expecting to announce the move by the start of August. That was before PavCo CEO Warren Buckley resigned and Jobs, Tourism and Innovation Deputy Minister Dana Hayden took over on Aug. 1.

Read more: http://www.vancourier.com/life/Community+Calendar/7475023/story.html#ixzz2D41OpoMf

November 23, 2012by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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gravitasmsn MN @gravitasmsn ·
16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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