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Development

Oh Snap! – Shelley Fralic of the Vancouver Sun Responds to Bob Rennie’s Calls for a Brand Makeover of New Westminster

“It’s difficult not to have respect for Bob Rennie’s accomplishments, what with his notches-on-the-bedpost reputation as Vancouver’s king of condominium marketing and his international renown as an avid arts patron.

But Rennie has some ’splaining to do after a recent visit to New Westminster, where he regaled us small-town bumpkins with some city-slicker advice about how to sell our little burg to those who have yet to discover our charms.

Speaking at a New Westminster economic forum, Rennie suggested that our quaint settlement on the Fraser needs to develop its own “brand,” and one way to do that is to ditch our antiquated Royal City moniker.

According to a story in the New Westminster News Leader, Rennie thinks that retiring our historical link to the British monarchy will immediately make us a more palatable place to live for all those 30-somethings heading eastward and seeking shelter for their mountain bikes and smartphones. If only we embraced our hipster side, he posited, they’d be streaming toward our tax rolls on their Vespas faster than you can say “the Olympic Village was a real estate bust.”

Gee, Bob, thanks for the tip, but here’s a news flash.”
Read more: http://www.vancouversun.com/business/Shelley+Fralic+Keep+your+mitts+Royal+City/7706823/story.html#ixzz2FNk2yrGm

December 17, 2012by david.taylor@colliers.com
Investment

REITS Year in Review – BMO Capital Markets on REIT.com

Paul Adornato, REIT Analyst, BMO Capital Markets, shares his thoughts on how 2012 REITs performed and what we will see in 2013.  Specifically, Paul sees growth in Industrial focused REITs citing a lack of significant development in this sector.

To view the video click HERE.

December 17, 2012by david.taylor@colliers.com
Development

Proposed North Delta Highrise Slammed

North Delta doesn’t want to be Burnaby.delta tower

That’s what Delta council heard Tuesday night as residents packed into a public hearing at Kennedy Seniors Recreation Centre to speak their piece about a 37-storey apartment tower proposed to be built near Scott Road.

Blexo Developments Ltd. wants to build the highrise at 11941 80th Ave., where a nursery and coffee shop used to be before they were demolished in 2004.

Council could be voting on it as early as next Monday. If approved, the building would be by far the tallest in North Delta. Runners-up would be the three 14-storey buildings now standing, one at 88th Avenue and 119th Street and the other two across the street from where this new building would be built, just south of the Delta Shoppers Mall off Scott Road.

Read more from the Surrey Now.

December 17, 2012by david.taylor@colliers.com
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