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

North Shore Kia Moves for New Condos

It was a game of musical developments at City of North Vancouver council Monday night as council members voted to approve a new home for North Shore Kia dealership and a condo building to go in its place.

The joint bid between the Dick Irwin Group, which owns North Shore Kia, and Darwin Properties will see the dealership moved to a 43,500-square-foot home at 843-855 West First St., just above the Northshore Auto Mall.

kiaThe land is currently home to an auto shop and overflow parking for auto dealerships. Making the move would allow the company to better serve clients as well as hire more staff, the owners said in their pitch to council.

Once the Korean autos are moved out, the building at 725 Marine Dr. will be demolished for a five-storey, 92-unit mixed-used building with commercial space on the ground floor.

Read more: http://www.nsnews.com/news/north-shore-kia-moves-for-new-condos-1.1213315

July 22, 2014by david.taylor@colliers.com
Apartment, Development

Construction Update: Keefer Block

July 21, 2014by david.taylor@colliers.com
Development

Two More Towers Proposed for Metrotown

A rezoning application has been submitted for 6380 & 6420 Silver Avenue by Belford Properties for two highrise towers on the 81,400 SF site. The application seeks rezoning under the C-2 and RM-5s designations in the Metrotown Centre Plan.

6380-6420 SilverA previous rezoning application had been made in 2012 for 6380 Silver Avenue alone, but it was determined by the City that the lot area was insufficient to support a tall tower.

July 21, 2014by david.taylor@colliers.com
Development

Two More Brentwood Projects Proposed

Two more residential projects are being proposed for the Brentwood Town Centre area of Burnaby:

1. Brentwood Mall Residential Tower 2

After selling out Tower 1 in a day last month, Shape Properties is pushing ahead with rezoning for Tower 2, which will be nearly identical in height at 53-storeys. This tower will similarly contain 591 units, with rental apartments on the lower floors, and 291 condo units above. The total height will be 611 ft., or approximately the same height at the Trump Tower downtown.

2. Willingdon and Dawson Lowrise

Amacon BrentwoodAmacon is proposing a 5-storey residential building with commercial on the ground floor; totalling 75 units. The total density is 2.1 FAR.

The site is ideally located near all of the highrise activity in the area.

July 21, 2014by david.taylor@colliers.com
Development

Construction Update: Trump Tower

July 18, 2014by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

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

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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

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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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