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

Onni Accuses Councillor of Conflict over Lonsdale Development Vote

North Shore Outlook – Onni accuses councillor of conflict over Lonsdale development vote.

A North Vancouver city councillor, whose accusations of ‘bullying’ against real estate developer Onni resulted in the company’s withdrawal from a controversial Central Lonsdale development this week, actually works for an Onni subcontractor on a similar development, The Outlook has learned.

Coun. Rod Clark has been working for a concrete contractor on an Onni site since May, building a three-tower mixed-use development strikingly similar to the one Onni recently failed to gain the favour of some North Van city councillors — including Clark — to build.

Read more: http://www.northshoreoutlook.com/news/182460722.html

December 7, 2012by david.taylor@colliers.com
Development, Office

With Hotel Plan Gone, Onni Favours Offices

With hotel plan gone, Onni favours offices.

At first it was going to be a hotel, then the plan was to build an office tower.

Now Port Moody residents will get their say on a major development slated for the Suter Brook site at an upcoming public hearing.

The Onni Development Corp. has applied for a land-use contract amendment that would allow the company to build a nine-storey office tower at 220 Brew St., on the south side of Suter Brook Way where it meets Ioco Road.

Read more: http://www.thenownews.com/business/With+hotel+plan+gone+Onni+favours+offices/7653288/story.html#ixzz2EHujUzz3
December 6, 2012by david.taylor@colliers.com
Development

DNV Votes to Downsize Proposed Seylynn Tower

North Shore Outlook – DNV votes to downsize proposed Seylynn tower.

A 32-storey tower is too high for District of North Vancouver council, but 28 floors will likely be just fine.

On Dec. 4,  district council voted to scale down a tower proposed for the Lower Lynn area by four floors to 28 storeys, if the development is eventually approved.

If the plan does go ahead, the neighbourhood near Capilano University will be transformed by a 790-unit development with three other mixed-use buildings, ranging in height from six to 28 storeys.

Read more: http://www.northshoreoutlook.com/news/182267251.html

December 6, 2012by david.taylor@colliers.com
Development

Highest Tower in Coquitlam Offers Too Little Parking, Says Council

The Tri-City News – Highest tower in Coquitlam offers too little parking, says council.

A proposal for a 43-storey tower in Coquitlam’s Town Centre raised eyebrows at Monday’s council meeting, but it wasn’t because of the neck-craning height of the building.

At 43 storeys, the Metropolitan 3 (M3) will be the highest building in Coquitlam. Other buildings in the Cressey project include the Metropolitan 1 (M1) at 27 storeys and the Metropolitan 2 (M2), which is under construction and will be 25 storeys.

But despite the big numbers, council members weren’t focusing on how high the tower would rise but on what’s missing down below: parking.

Read more: http://www.tricitynews.com/news/182089551.html

December 6, 2012by david.taylor@colliers.com
Development

December 5 Urban Design Panel Agenda – Oakridge, Rogers Arena & More

The December 5th Urban Design Panel meeting has two high profile projects on the agenda – Oakridge Centre and one of Aquilini’s arena towers which twice previously received unanimous design support.

View the meeting agenda HERE.

December 4, 2012by 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

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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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