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.
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 Purchases 396 East 1st Avenue

Onni Development Corp has completed the purchase of a 1.07 acre residential development site from The University of British Columbia Foundation for $15,375,000.  The property is currently zoned IC-3 and is to be developed as part of the Great Northern Way Campus.

July 18, 2012by david.taylor@colliers.com
Development

New developments spur upgrades in Vancouver’s downtown office market

New developments spur upgrades in Vancouver’s downtown office market.

VANCOUVER — The impact of three new AAA office buildings in downtown Vancouver is already being felt in the market despite the fact they won’t be ready for another two years.

 

According to Colliers International’s Q2 2012 Office Report, the addition of Telus Garden, 745 Thurlow and MNP Tower is creating a more competitive environment for office space and pushing landlords to upgrade properties to meet shifting tenant demands and maintain occupancy levels

Read more: http://www.vancouversun.com/business/commercial-real-estate/developments+spur+upgrades+Vancouver+downtown+office+market/6925230/story.html#ixzz20nfS6Lsl

July 16, 2012by david.taylor@colliers.com
Development

Vancouver’s Shannon Mews Eyeing First Permit

Vancouver’s Shannon Mews eyeing first permit.

The application for phase one of the Shannon Estate development at 57th and Granville goes before the city’s Development Permit Board July 16.

Council approved the rezoning of the Shannon Mews site almost a year ago—at 2 a.m., July 29—following three days of contentious hearings that went late into the night. Of the 179 people registered to speak, 85 were opposed, four were classified as “other,” seven were in support and 83 didn’t speak.

Read more: http://www.vancourier.com/Vancouver+Shannon+Mews+eyeing+first+permit/6924802/story.html#ixzz20nSFxgN4
July 16, 2012by david.taylor@colliers.com
Development

238 West Broadway Approved at Development Permit Board

238 West Broadway – An eight storey, 61 unit mixed use development was recently approved by the Development Permit Board.  The project will be utilizing a density transfer from a donor site (163 West Hastings Street – the Flack Block) which will give the project a total FSR of 3.25.

July 11, 2012by david.taylor@colliers.com
Development

1545 West 8th Avenue Approved at Development Permit Board

1545 West 8th Avenue – An eight storey, 18 unit development with two levels of underground parking was recently approved by the Development Permit Board.  The project, by Kenstone Properties, will be 23 metres in height and will have a 3.0 FSR.

July 10, 2012by david.taylor@colliers.com
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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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