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 Intends to Quit Lonsdale Development

North Shore Outlook – Onni intends to quit Lonsdale development.

Onni Group, the developer behind one of the most ambitious and publicly divisive condo plans in North Vancouver history, is expected to announce it will walk away from the lucrative Central Lonsdale project, citing “possibly defamatory” remarks made by two city councillors.

In a Dec. 3 letter obtained by The Outlook, Onni president Rossano De Cotiis told Mayor Darrell Mussatto the company intends to “publicly announce within the next 48 – 72 hours that we are withdrawing our application” for the 13th Street and Lonsdale Avenue redevelopment. De Cotiis blamed his company’s departure on comments made in council by councillors Pam Bookham and Rod Clark.

In his letter, De Cotiis said the problem “goes well beyond a simple disagreement over the issues associated with the project,” and claims the two councillors acted unfairly when they accused Onni of manipulating a public hearing at which Onni staff and supporters spoke in favour of the project.

Read more: http://www.northshoreoutlook.com/news/182046341.html

December 4, 2012by david.taylor@colliers.com
Development

Morningstar Homes Brings Coach Homes to Coquitlam

Burnaby NewsLeader – Morningstar Homes brings coach homes to Coquitlam.

Morningstar Homes is introducing a new type of single-family home to Coquitlam with its newest project, Somerton. Bringing an added coach home to their always-gorgeous floorplans, Morningstar is offering a degree of livability and affordability that is unique to the area.

“Coquitlam has never done this before,” says Deborah Calahan, Vice-President of Sales and Marketing for Morningstar. “This is really the right product at the right time.”

With 34 homes in the development, 21 of which will have coach homes (the others will have the option for a legal suite in the finished basement), Morningstar is building on its legacy for amazing homes.

Read more: http://www.burnabynewsleader.com/business/realestate/181571491.html

December 3, 2012by david.taylor@colliers.com
Development

Dava Developments Proposing 6-storey Concrete Buildings For Cambie & West 26th Ave

Dava Developments Ltd. has applied to the City of Vancouver to rezone 4139-4187 Cambie Street from from RS-1 to a Comprehensive Development District. The proposal is for two 6-storey residential buildings on Cambie Street and one 2-storey townhouse on the rear lane, with a total of 76 residential units, including 11 townhouses and 65 apartment units. The proposal includes a floor area of 86,416 SF, a density of 2.6 FSR, and two levels of underground parking with 114 parking stalls.

The site, just over 33,000 SF in size and comprised of three single family lots, had been sold by Colliers in 2011 for $12,750,000.

More information can be found here.

December 3, 2012by david.taylor@colliers.com
Development

Changes in Store for Moody’s Core

The Tri-City News – Changes in store for Moody’s core.

Port Moody’s vision for a post-Evergreen Line community includes new mixed-use neighbourhoods, walkable neighbourhoods and even high-density towers in Moody Centre.

The draft of the official community plan update, which has been in the works since shovels went in the ground for Evergreen, was presented to council’s committee of the whole on Tuesday. It pulls together information a public survey, public input session and a design charette and offers the following changes:

• Western end of Moody Centre, next to Barnet Highway: Pictured as PoMo’s western gateway, the proposed changes will bring in more commercial space to serve local residents. Increased density comes with buildings ranging from six to 12 storeys, with multi-family residential development encouraged.

Read more: http://www.tricitynews.com/news/181445481.html

November 30, 2012by david.taylor@colliers.com
Development

Polygon Proposing 108-unit Low-rise in Lynn Valley

Polygon Homes is proposing to rezone a site at Mountain Highway and 27th in the Lynn Valley Town Centre area for a 108-unit residential complex consisting of two apartment buildings, one of 4 storeys in height and the second, 5 storeys in height. The overall density is 1.96 FAR (before road dedication) which is in keeping with the Official Community Plan.

The site includes 7 lots currently zoned RM2 and RM3. Polygon is proposing a residential complex that will consist of two buildings connected with a central lobby area. The total number of residential units will be 108 units and will include: 9 one bedroom units, 83 two bedroom units in a mix of styles and sizes, and 16 three bedroom units.

November 30, 2012by david.taylor@colliers.com
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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

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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