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

Vancouver’s Oakridge Centre proposes major expansion

“The owner of Vancouver’s Oakridge Mall is proposing a major expansion of the 56-year-old shopping centre that would transform the 11.5-hectare site into more of a community.

Ivanhoe Cambridge Inc. wants to build a broad range housing ranging from luxury to affordable, as well as more office and retail space, parks, bikeways, walking paths and a library, Senior Development Director Gordon Wylie said Monday.

Wylie said most of the development would occur on what are currently the mall’s massive parking lots.

“We’ll be building new parking underground and then on the surface area will become retail and residential areas.”

The city approved a similar plan in 2007, but since then, policies have opened up and Oakridge wants to take advantage with a new concept that goes beyond a modest expansion.”

Courtesy of the CBC: http://www.cbc.ca/news/canada/british-columbia/story/2012/07/23/bc-oakridge-mall-expansion.html

July 27, 2012by david.taylor@colliers.com
Development

1635-1637 West Broadway, Vancouver Sold

1635-1637 West Broadway has sold to a local private investor for $5,150,000, or $445 per sq ft.

The building, formerly occupied by Liberty furniture, is a single storey retail building that had undergone renovations in recent years and was available for lease. The building totals 11,583 square feet.

July 27, 2012by david.taylor@colliers.com
Development

Vancouver unveils plan to replace viaducts with ‘super road’, more housing

Half-marathon runners make their way across Dunsmuir Viaduct shortly after the start of the Vancouver Marathon. The Georgia and Dunsmuir viaducts could be demolished almost immediately, paving way for a new neighbourhood park system.
 
The Georgia and Dunsmuir viaducts could be demolished almost immediately, paving the way for new housing and a neighbourhood park system, if the plan is approved by council this fall.

On Tuesday, city transportation planners unveiled a new plan to create a “super road” around the north end of False Creek that would allow for the accelerated destruction of the viaducts and create more than 850,000 square feet of new housing space in Strathcona. It would also affect several other planned changes, including the construction of a long-awaited truck bypass route along Malkin Street.

The plan has yet to be approved, and the planners will bring back a final version within months, but the general proposal received thumbs up from both Vision Vancouver and Non-Partisan Association councillors.

Read more: http://www.vancouversun.com/news/Vancouver+unveils+plan+replace+viaducts+with+super+road+more+housing/6983485/story.html#ixzz21eE74500

July 25, 2012by david.taylor@colliers.com
Development

Vancouver Looks to Richmond in Hiring New Planning Boss

Vancouver looks to Richmond in hiring new planning boss.

After an extensive international search in which it received 108 applications from all over the world, the City of Vancouver had to go no further than the municipality next door to hire a new general manager and director of planning.

On Tuesday the Vision Vancouver-led council ratified the hiring of Brian J.Jackson as the new general manager of planning and development. For the last four years Jackson has been acting general manager of planning for Richmond. He begins work August 27.

Read more: http://www.vancouversun.com/Vancouver+looks+Richmond+hiring+planning+boss/6983088/story.html#ixzz21aAZ21iO
July 24, 2012by david.taylor@colliers.com
Development

NVSD Looking to Sell or Lease Four School Properties

North Shore Outlook – NVSD looking to sell or lease four school properties.

Moving ahead with plans to offload nearly a dozen vacant school sites, the North Vancouver School District is putting four properties valued at more than $26 million on the auction block.

On July 6, the school district issued a request for proposals to buy or lease the former Monteray elementary, Ridgeway Annex, Keith Lynn and Plymouth elementary school sites in North Vancouver city and district.

Read more: http://www.northshoreoutlook.com/news/162875106.html

View the RFP here.

July 24, 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

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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