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

Holborn’s 1153 West Georgia Project to be Branded Trump

From the press release:

VANCOUVER, June 19, 2013 /CNW/ – Holborn Group and TA Global Bhd. today confirmed plans to welcome the city’s first Trump development, Trump International Hotel & Tower Vancouver®. Situated on Georgia Street in Downtown Vancouver’s Coal Harbour, the premium $360-million Arthur Erickson-designed tower will include a world-class hotel and residences.

In addition to 147 guest rooms, the luxury hotel will include a Champagne lounge, signature restaurant, Trump Spa, and banquet and conference centre. It will also be home to Vancouver’s first pool bar nightclub. Above the hotel will be 218 stylish residences, offering residents spectacular views of the North Shore and beyond. When completed, the twisting tower will stand at 616 feet (63 storeys).

The original twisting design of the tower maximizes the window features and views in every suite, making each unit distinctive, with no two views exactly alike. Attention to detail and personalized service will further differentiate the development. Residences will range from 644 to 2,117 square feet with the penthouses between 3,500 and 4,400 square feet.

Official announcement regarding Trump International Hotel and Tower streaming live at 1:30pm today on CTV.

trump

IMG_1653_zps3f2403dcTrump Vancouver

Pix by Built Form @ SSP

June 19, 2013by david.taylor@colliers.com
Development

Trump Sells Himself Outside the U.S.

Donald Trump, who first found fame as a real-estate developer, has put his name on mens’ fragrance, mattresses and neckties in recent years. But there is one type of product he hasn’t licensed his name to since the beginning of the financial downturn: a U.S. building.

The last time Mr. Trump signed a deal licensing his name to a U.S. real-estate project was in 2007, when he agreed to put it on the Trump Soho, a hotel-condo project in downtown Manhattan. He also sold his name to a golf resort in Puerto Rico in 2008.

Donald Trump’s name is everywhere — but not on a major real-estate project in the U.S. since 2008. Mr. Trump says he invests only in projects that he really believes in, licensing the use of his name to more than a dozen real-estate developers world-wide.

It isn’t that Mr. Trump has lost his taste for seeing his name stamped in capital letters on other developers’ undertakings. He is just doing it overseas instead. In recent years, Mr. Trump has licensed his name to more than a dozen real-estate developers in Turkey, the Caucuses, Brazil and other corners of the globe.

On Wednesday, Mr. Trump is expected to unveil plans for a Trump-branded hotel and condominium tower in downtown Vancouver, British Columbia, according to executives familiar with the project.

Plans for Trump-branded condominiums, resorts and commercial centers also are under way in the Philippines and Azerbaijan. In March, Trump Organization opened an office in Shanghai to identify Chinese branding deals for the company.

Read more: http://online.wsj.com/article/SB10001424127887323836504578553492930645794.html

June 19, 2013by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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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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