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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Retail

Small-sized Walmart for Royal City Centre

New Westminster News Leader – Small-sized Walmart for RCC: Mayor.

Walmart will be the new anchor tenant at the Royal City Centre according to New Westminster Mayor Wayne Wright.

The mayor dropped the tidbit during a state-of-the-city address to a chamber of commerce luncheon at the Columbia Theatre on Wednesday. Wright said it would be one of the chain’s smaller outlets.

Earlier this year, the Royal City Centre applied for a development permit to build an atrium-style entrance off Sixth Avenue to service a new anchor tenant in the space vacated by Zeller’s in 2006.

Wright also revealed he is in discussions with an Indy-style kart racing circuit to run an electric kart race through Downtown New Westminster. The karts, he said, would race up Columbia onto Sixth Street, down Clarkson Street and circle back to Columbia via Begbie Street.

Read more: http://www.newwestnewsleader.com/news/207619701.html

May 16, 2013by 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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