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, Retail

Checking Out: West Vancouver Safeway Closing at Month’s End

North Shore Outlook – Checking out: West Vancouver Safeway closing at month’s end.

The end of this month will mark the end of an era in West Vancouver when a staple Marine Drive grocery store checks out its last customer.

Employees at the 1650 Marine Dr. Safeway store were given notice earlier this month that when they close shop on Saturday, June 30, it will be for good.

Read more: http://www.northshoreoutlook.com/news/159485535.html

June 19, 2012by david.taylor@colliers.com
Development

Reliance Properties Plans Micro-lofts in Victoria

More than 100 micro-lofts, plus live-work units, and retail space on the ground floor are planned by the new owner of the old Janion Hotel on Store Street.

The life-saving plan for the run-down, vacant Janion by Vancouver’s Reliance Properties dovetails with redevelopment of the west entrance to Victoria’s downtown. A new bridge is going in, a public plaza is planned next to the Janion, and a separate plan by the same developer aims to put up a mix of uses on the Northern Junk property at the foot of Johnson Street.

Crosstown Properties, a company within the Reliance group, bought the 1891 Janion for $2.49 million last month. Reliance has a long history of revitalizing older properties in Vancouver. It is also partnering with Jim Pattison Developments Ltd. on the $500-million, mixed-use Burrard Gateway development, one of the biggest projects planned for Vancouver.

Read more: http://www.timescolonist.com/business/Micro+lofts+planned+restoration+historic+Janion+building/6765662/story.html#ixzz1xmW6U78Q

 

June 14, 2012by david.taylor@colliers.com
Development

North Van City Mulls how to Handle Amenity Contributions

North Van city mulls how to handle amenity contributions.

Today, it boasts little more than the shells of a furniture shop and Chinese restaurant, both long out of business. But, like many unused sites in the Lower Lonsdale neighbourhood, 127 E. Third St. has caught the eye of a developer.

BT Investments is proposing a seven-storey mixed-use development for the 125-foot-wide site. Last month, plans for the plot — which include 43 strata units ranging in size from studios to two-bedroom suites, four retail spaces and 18 market rental apartments, with a covenant that will bind them as rental units in perpetuity — went to a town hall meeting.

http://www.northshoreoutlook.com/news/158874405.html

June 13, 2012by david.taylor@colliers.com
Development

Concert Acquires Translink’s Southeast False Creek Site for $47,000,000

Concert Properties has closed on a three-acre site on Quebec Street at East 1st Avenue in the Southeast False Creek area of Vancouver for $47,000,000.

The site was listed for sale by Translink last year as part of the sale of several surplus properties  to generate funds for a revolving land account that the transit authority will use to acquire properties for development.

 

June 12, 2012by david.taylor@colliers.com
Development

Open House Displays Fraser Mills Plans

Open house displays Fraser Mills plans.

It doesn’t appear changes to a massive development along the Fraser River in Coquitlam have dampened interest from residents and perspective buyers.

Dozens of residents from around the Tri-Cities turned out to an open house Wednesday night in Maillardville to see the changes proposed for the Fraser Mills development in Coquitlam.

Read more: http://www.thenownews.com/business/Open+house+displays+Fraser+Mills+plans/6749674/story.html#ixzz1xUxHU3yR
June 11, 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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