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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Apartment, Development

Proposal Received for ‘Gentle Densification’ in West Van

Renters could have more options in West Vancouver if Hollyburn Properties’ infill project is given the green light.

An additional 49 purpose-built rental units in two low-rise buildings could be built beside an existing highrise in Ambleside at 195 21st St.

The development proposal, Hollyburn Gardens, brings a change of pace for West Van.

24118northshoreinfillrental

In the last 30 years, most developers have steered clear of building rentals. There are currently 1,900 purpose-built rental units in West Van, most built during the 1960s and ‘70s in the Ambleside Apartment Area.

Many are vulnerable to loss as new developers move in and want to maximize the return on their investment in expensive district land.

Read more: http://www.northshoreoutlook.com/news/247300781.html

February 28, 2014by david.taylor@colliers.com
Apartment, Development

16-Storey Rental/Strata Building Proposed for Lower Lonsdale

FDG Property Management has submitted a rezoning proposal for 161-165 E. Keith Rd. to allow the construction of a 93-unit 16-level residential building with 52 strata units, and 41 purpose built rental units secured in perpetuity and involving a density transfer/sale from adjacent City owned lands. The lands under consideration include Site B (12,598 SF) and the adjacent City Parcel Site A (7,600 SF) which have a combined area of 20,198 SF. This combined site shown below.

161 East Keith Rd_1The existing rental building on the site, Park Lane Manor, was constructed in 1954 and has 12 units. As such, it is one of the older purpose-built rental buildings remaining in the City and is in relatively poor condition. It will be replaced by this proposal.161 East Keith Rd.

February 19, 2014by david.taylor@colliers.com
Apartment, Investment

SOLD: 1546 Nelson Street

I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of this West End apartment building with laneway housing potential.1546 Nelson_Sold

Contact me if you’d like to learn more about what’s selling in the West End and about what the new West End Community Plan means for existing apartment properties.

February 14, 2014by david.taylor@colliers.com
Apartment, Development

Rental Apartment Building Proposed for Oak Street

The owners of an papartment building on Oak have applied for a development application to redevelop an existing apartment property they own at 2975 Oak Street (at West 14th). The proposal is permitted under the existing RM-3A zoning, but required City approval. The plan includes:

  • Heritage designation of the existing structure
  • 50 market rental units
  • A total density of 2.8 FSR

2975 Oak St._22975 Oak St

January 22, 2014by david.taylor@colliers.com
Apartment, Development

Rental Building Proposed for Kerrisdale Church Site

Bogner Development Group is proposing to rezone a former Church site on West Boulevard (2095 West 43rd Avenue) from RM-3A  to CD-1 to allow a 6-storey rental apartment building under the Rental 100 program that includes:

    • 56 secured market rental units;
    • a density of 3.25 FSR
    • commercial uses at grade; and
    • 29 underground parking spaces.

2095 West 43rd Ave

 

2095 West 43rd Ave_2Read more: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/2095w43rd/index.htm

January 22, 2014by 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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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

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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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