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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

Port Moody’s Development Future on Agenda for Tuesday’s Meeting

The Tri-City News – Port Moody’s development future on agenda for Tuesday’s meeting.

Future Conceptual Drawing of Moody Town Centre

Future Conceptual Drawing of Moody Town Centre

Port Moody residents interested in proposed development guidelines for neighbourhoods like the western gateway and Moody Centre should attend Tuesday night’s council meeting.

Staff will be presenting the draft official community plan and discussing options for public consultation.

Most of the changes proposed in the draft OCP are in Moody Centre, where the city is pursuing transit-oriented design principles to increase density around the Evergreen Line stations. The vision for areas around the Ioco and Moody Central stations suggests the most significant changes within a 400- and 800-metre radii (or five- to 10-minute walking distance) of the stations, including high-rise towers.

Read more: http://www.tricitynews.com/news/197183301.html

March 11, 2013by david.taylor@colliers.com
Development

For Sale – 591, 595, 599 West King Edward Avenue

BRO 591-599 West King Ed 1st page

Visit http://www.collierscanada.com/8872 for more details.

March 8, 2013by david.taylor@colliers.com
Development

A Tale of Two Cities – Novel funding plan could kick-start southeast LRT

If only we charged a Community Revitalization Levy in Vancouver….(tongue in cheek).  It’s amazing how Vancouver has been addicted to Community Amenity Contributions (CACs) for almost 30 years but some cities are just starting to figure it out.   

“Told repeatedly that there’s no way to afford the southeast LRT for perhaps decades, Ald. Shane Keating will bring another fundraising idea to council Monday.

He’ll ask colleagues to explore whether the same complicated funding scheme that finally got the East Village redeveloped can also deliver his southeast ward’s long-awaited dream project.

Some colleagues say it’s a long-shot proposal, but Keating said he’ll test it “rather than sitting here and having no money.”

“Let’s find the money instead of (saying), ‘I want to steal it from wherever,’ ” he said.

After finishing the nearly $1.5-billion west LRT, the city has a group of more modest and partially completed transit projects slated for the next decade: special bus-only lanes down 17th Avenue S.E., bus-only lanes partway up Centre Street, and the first phase of a new southeast “busway” road that will eventually become LRT to the south hospital.”
Read more: http://www.calgaryherald.com/news/calgary/Novel+funding+plan+could+kick+start+southeast/8043975/story.html#ixzz2MgUgqQw6

 

Novel funding plan could kick-start southeast LRT.

March 5, 2013by david.taylor@colliers.com
Development

46-Storey Tower Proposed for Brentwood Area

A 46-storey tower has been proposed for the Southeast corner of Halifax Street and Gilmore Avenue in the Brentwood Town Centre area of Burnaby. The rezoning proposal for the site at 1846-1904 Gilmore Ave includes 340 units, 374 underground parking spaces, and a total density of 5.0 FAR under the City’s RM-5s designation.

1846 GilmoreSource: City of Burnaby

February 27, 2013by david.taylor@colliers.com
Development

Beach Towers Proposal Approved, 633 Main Street to Council Tomorrow

After numerous nights of discussion, Vancouver City Council approved the Beach Towers proposal (view it HERE) this morning.  The project will add 133 units and nearly 100,000 square feet of density to the property. 

 Beach Towers

Council will get back at it on Wednesday night when a proposal for 633 Main Street by Blue Sky Properties (view it HERE) is contemplated.  The proposal is for 188 units over 16 storeys with retail at grade. 

 

February 26, 2013by david.taylor@colliers.com
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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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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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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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