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.
Development

Developer Wants to Add 1,000 Units to Project

From Coquitlam Now: Citing increased construction and development costs, members of the Beedie Group have asked for substantive changes to what will be Coquitlam’s largest waterfront development.

Dave Gormley, Beedie’s vice-president of land development, appeared before council in committee Monday asking for up to 1,000 additional units to be added to the Fraser Mills development in south Coquitlam.

And while there would be an increase in the number of units, the units themselves would be smaller, dropping in size to about 825 square feet from about 1,100 square feet.

 Read more: http://www.thenownews.com/business/Developer+wants+units+project/7620549/story.html#ixzz2Dilkp7Rl

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

Chinese Developers Dig Into U.S.

A Chinese company listed on the New York Stock Exchange is beginning to develop residential property in the U.S., hoping to tap into the hot demand among Chinese investors for U.S. apartments.

Xinyuan Real Estate Co. purchased a site last month in Williamsburg, in the New York City borough of Brooklyn, for its first development in the U.S., a 216-unit condominium building. The company also is scouting for other U.S. projects, planning to sell about 40% of the units it builds to Chinese investors.

Chinese developers of apartment buildings have an edge over U.S. developers when it comes to reaching potential buyers in China, says Omer Ozden, an adviser to Xinyuan and other Chinese investors in the market for U.S. real estate. “If right out of the gate you can get 40% the building sold to mainland Chinese, it’s going to be a successful project.”

Read more at the Wall Street Journal.

November 28, 2012by david.taylor@colliers.com
Development

City of Vancouver Lands Hootsuite as Tenant – Globe & Mail

Courtesy The Globe & Mail

“It took well over a year, but Mayor Gregor Robertson and his team has persuaded the explosively growing social-media company Hootsuite to stay in Vancouver.

On Thursday, the city announced it has struck a deal with Hootsuite to let the company buy a Vancouver-owned building in Mount Pleasant through a lease-to-own arrangement. And there will be more efforts like that, says the mayor, as the city fights to nurture fledgling head-office businesses to make up for ones that left over the last two decades.”

See the full article HERE.

November 23, 2012by david.taylor@colliers.com
Development

Design Plans for the 1300-block of Marine Drive in West Van Unveiled

North Shore Outlook – Design plans for the 1300-block of Marine Drive in West Van unveiled.

West Vancouver residents packed into district council chambers on Nov. 19 to have their say on whether a pair of buildings — one seven storeys, the other eight storeys — should be added to the 1300-block of Marine Drive.

Around 20 people, mostly seniors who live nearby, added their names to the list of speakers as overflow seating and a live-feed were set up outside the meeting room.

Many were upset about a proposed development that would take up an entire block on the south side of Marine Drive, close to the waterfront, saying the buildings would block their view, ruin the feel of the Ambleside community and cause too much traffic.

Read more: http://www.northshoreoutlook.com/news/180520711.html

November 23, 2012by david.taylor@colliers.com
Development

Casino Still Eyed for West of B.C. Place

Casino still eyed for west of B.C. Place.

Bets are still on that Edgewater Casino will relocate to a site west of B.C. Place Stadium.

Las Vegas-based parent Paragon Gaming has extended its lease with Canadian Metropolitan Properties for the Plaza of Nations casino until 2015 while Paragon and B.C. Pavilion Corporation hold their cards close to the vest.

In April 2011, Vancouver city council rejected a bid to expand the licence from 600 to 1,500 slot machines, but the city gave Paragon the green light to move the licence to a proposed $450 million casino/hotel complex on PavCo land. Company president Scott Menke told the Courier in May that he was expecting to announce the move by the start of August. That was before PavCo CEO Warren Buckley resigned and Jobs, Tourism and Innovation Deputy Minister Dana Hayden took over on Aug. 1.

Read more: http://www.vancourier.com/life/Community+Calendar/7475023/story.html#ixzz2D41OpoMf

November 23, 2012by david.taylor@colliers.com
Page 311 of 345« First...102030310311312313320330340...Last »

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
16 Apr

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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Load More

Categories