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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Development

Reflections in Edmonds Nears Sellout

Ledingham McAllister’s Reflections highrise condo project in the Edmonds area of South Burnaby completed construction in Spring 2012, and has now sold 210 of the 218 available units at an overall average of approx. $490 per sq ft. The project began selling in mid-2010.

Ledingham McAllister is expected to introduce more residential units in the area with the redevelopment of Safeway’s distribution site. The project is expected to take at least a year or more to go through the rezoning process before development occurs.

June 28, 2012by david.taylor@colliers.com
Development

North Vancouver City Council Green Lights Harbourside OCP Amendment

North Shore Outlook – North Vancouver city council green lights Harbourside OCP amendment.

In what’s becoming a weekly scene at city hall, residents once again filled council chambers Monday night to debate another contentious development project.

On the menu this week was Concert Properties’ and Knightsbridge Properties’ mixed-use community planned for the vacant waterfront lands on Harbourside Drive, just east of Bodwell High School.

Read more: http://www.northshoreoutlook.com/news/160530635.html

June 27, 2012by david.taylor@colliers.com
Market Research

Market Spotlight: Westside Home Sales

Often considered a bellwether of the overall residential market in Metro Vancouver, resales of Westside homes are definitively showing a slowdown. According to MLS statistics, with just 47 homes sold as of June 20, it is expected that June 2012 will conclude with below 100 sales. If it happens, it will be one of the slowest months in the past few years and the first June since 2000 to finish below 100 sales.

Source: MLS stats
June 27, 2012by david.taylor@colliers.com
Development

Proposal for 89 STIR Units at 1349 Granville Street

A rezoning public hearing has been scheduled for July 10, 2012 for a 10 storey, 89 unit Short Term Incentive for Rental (STIR) project by Cressey at 1388 Continental Street (Granville & Drake).  If approved the project will be 98.4 feet in height and have a Floor Space Ratio (FSR) of 6.99. The site, where the Maddox sales centre currently sits, has exposure to Granville Street as well as Rolston Crescent.

June 26, 2012by david.taylor@colliers.com
Development

Five High-rises Eyed for Kiwanis Court Lands

Richmond Review – Five high-rises eyed for Kiwanis Court lands.

 A senior falling through a water-damaged floorboard has “accelerated” a drive to relocate remaining Kiwanis Court residents as city council mulls a massive redevelopment plan for the Minoru Boulevard complex.

Just 69 of the 122 units at the half-century-old complex are still occupied, according to a new city staff report detailing a new five-tower proposal for the land bordering Minoru Park.

 Read more: http://www.richmondreview.com/news/159954685.html

June 26, 2012by 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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