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, Office

Cadillac Fairview Mulling 24-Storey Office Tower Near Gastown

Cadillac Fairview has submitted an enquiry to the Gastown Historic Area Planning Committee as a precursor to what may be a formal application to develop a mixed-use office tower on a vacant parking lot adjacent to their existing Station building; adjacent The Landing building at 375 Water St. The preliminary proposal calls for a 24-storey office tower, 417 ft tall, with 440,000 SF of gross building space.
601 W Cordova
The subject site is at the edge of the Downtown and Gastown districts and in between two
designated heritage buildings, the CPR Station and The Landing. It is one of the sites
referenced by the Central Waterfront Hub Framework which was adopted by City Council on June 11, 2009. While this proposal follows a number of other office projects planned or under construction downtown, it is unique in terms of location and potential views. Stay tuned for more on this project…
December 17, 2013by david.taylor@colliers.com
Development

Morningstar Homes Acquires North Van School Site

The North Vancouver School District is making inroads with the disposition of its surplus lands.

At a public meeting on Nov. 26 the school board voted 5-2 in favour of selling long-shuttered Monteray elementary to Morningstar Homes for at least $6.38 million.

Morningstar, which specializes in building single-family homes, is now in the process of filing a development application with the District of North Vancouver for the decommissioned school property situated above Montroyal Boulevard.

Monteray school officially closed in June 2004. The building was then leased for several years, but has been vacant since the spring of 2011.

Board chair Franci Stratton said selling to Morningstar was the right decision for all concerned parties, including the Monteray school neighbourhood. “I think in terms of where it was located, this particular piece, the community was hoping it was something the board would approve,” said Stratton.

Monterey Schoolmonterey

Read more: http://www.northshoreoutlook.com/news/235790881.html

December 17, 2013by david.taylor@colliers.com
Development

Another 300 Units Coming to Metrotown

A few older apartment buildings from the 1950s and 1960s could be replaced with a shiny new redevelopment in the Metrotown area.

The proposed 38-storey apartment tower with street fronting townhouses on Nelson Avenue and Dunblane Avenue and underground parking will go to a public hearing on Jan. 28, 2014.

The site includes 6616, 6642 and 6668 Nelson Ave. and 6635 Dunblane Ave., which currently have a single-family dwelling and older apartment buildings ranging from two to three storeys. The site is also in the heart of other new developments, including the 35-storey apartment building being constructed north of the proposed project.

“The development form has a strong street orientation on the site’s public frontages as well as a strong contextual relationship to the surrounding existing high and lowrise apartment developments,” states Lou Pelletier, director of planning and building, in his report.

A total of 304 units are proposed, ranging from 470 square feet to 1,686 sq. ft.

Read more: http://www.burnabynow.com/news/another-300-units-coming-to-metrotown-1.753554#sthash.snWI6yji.dpuf

December 17, 2013by david.taylor@colliers.com

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16 Apr

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

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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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