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

Intracorp Brings River Park Place to Richmond

Richmond Review – Intracorp brings River Park Place to Richmond.

Located in the heart of Richmond’s Oval Village neighbourhood, River Park Place will be part of a master-planned community that is pedestrian-friendly and just minutes away from everything that Richmond has to offer. Whether it’s a walk on the dyke that winds all the way to Steveston or some evening entertainment at the River Rock Casino, nothing is out of reach.

River Park PlaceThe Richmond Oval Village is expected to become a new lifestyle hub, with restaurants, shops and leisure activities, and Intracorp is getting in at the start of it. A new T&T Supermarket, scheduled to open in late 2013, will add to the convenience. Grocery shopping will literally be walking distance away from your home at River Park Place.

The first phase of River Park Place is expected to go on sale in spring 2013, and will feature a 15-storey tower with one-, two- and three-bedroom homes. The floorplans are efficient and modern, with huge windows to take in your river and mountain views and gorgeous interior finishings.

Read more: http://www.richmondreview.com/business/191881571.html

February 26, 2013by david.taylor@colliers.com
Development, Retail

Two Downtown Sites Could Become Targets

Retail and real estate analysts believe large retailers such as Walmart or Target could start pushing for construction of a new mall on either of two downtown blocks that are ripe for redevelopment.

Canada Post’s sale in January of its long-time Vancouver headquarters to BC Investment Management Corp. (BCIMC) has opened up the block bounded by Georgia, Homer, Dunsmuir and Hamilton streets.

Two blocks east is Larwill Park, which is owned by the City of Vancouver and bounded by Georgia, Cambie, Dunsmuir and Beatty streets.

The Vancouver Art Gallery (VAG) is hoping to convince the city at a meeting, likely to be held in early March, that it should be given the site – which some estimate to be worth $200 million – to build a new $300 million gallery.

Read more: http://www.vancourier.com/business/downtown+sites+could+become+Targets/8001794/story.html#ixzz2LvPVwFZk
February 25, 2013by david.taylor@colliers.com
Development

Proposal Years Ahead of a (Possible) Station

The Tri-City News – Proposal years ahead of a (possible) station.

A company wanting to build a mid-rise housing complex near a future Evergreen Line station in Coquitlam may be offering a development that’s too small — and too soon.

Epix Developments is proposing to construct a six-storey building with 80 apartments and ground-floor commercial space at Falcon and Runnel drives on a vacant lot about 800 m from the Ioco station in Port Moody and two blocks north of a potential future Falcon Drive station.

Epix spokesperson Brad Marko told Coquitlam’s council-in-committee on Monday his company is also working with OK Tire to include its adjacent Falcon Drive property.

Read more: http://www.tricitynews.com/news/191895921.html

February 21, 2013by david.taylor@colliers.com
Development

Sold – 563-571 West King Edward Avenue

Pages from 563-571 West King Ed Sold

February 20, 2013by david.taylor@colliers.com
Development

New Proposal Floated for Bayview Lot

Richmond Review – New proposal floated for Bayview lot.

A new development plan is being floated for a site kitty-corner to Steveston’s fishing fleet.

Once home to Towns Netting and Marine Supplies, 3531 Bayview St. could soon be the site of a three-storey mixed-use building.

3531 Bayview St

3531 Bayview St

On Tuesday city council’s planning committee considered a rezoning proposal to allow for ground-floor retail and six homes over a partially in-ground parking structure.

Read more: http://www.richmondreview.com/news/191920631.html

February 20, 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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