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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Apartment, Investment

FOR SALE: 1546 Nelson Street

Be the first to take advantage of the new West End Community Plan!

1546 Nelson Street is an ideally located 6-unit apartment building that offers a stable and secure return for an investor or an owner-occupier. The rear portion of the property is now permitted for additional laneway residential space as part of the laneway housing policies in the forthcoming West End Community Plan. The asking price is $2,050,000.

1546 Nelson Brochure

Front view
Rear Lane View

Potential Laneway Housing
Nelson Street
Neighbouring Properties on Cardero including Coffee shop

Interior Kitchen
Interior

Brochure: 1546 Nelson Brochure

Contact me for further info: david.taylor@colliers.com

November 13, 2013by david.taylor@colliers.com
Development, Office, Retail

Richmond Mulls Trade Centre Project

The so-called International Trade Centre at Versante could bring 214,008 square feet of new commercial, hotel and office space to North Richmond, according to a report presented Tuesday at city hall.

Marketed as “Richmond’s next epicentre of business,” the proposed development consists of three towers—nine, 12 and 14 storeys—and a common five-storey podium. Included in the project is a 110-room hotel.

The proposal comes from Hotel Versante Ltd., which is seeking to rezone a 0.7-hectare (1.6-acre) triangular site at 8451 Bridgeport Rd. to build it. City council’s planning committee considered the project this week, 14 years after council approved a previous rezoning application that’s now being abandoned.

The site is located in Bridgeport Village, near the Airport Connector Bridge and next to Duck Island, where a multi-phase development of retail, entertainment, office, hotel and conference uses is in the early planning stages.

Read more: http://www.richmondreview.com/business/230718231.html

November 7, 2013by david.taylor@colliers.com
Investment, Retail

3108 Highland Boulevard, North Vancouver, Sold

3108 Highland Boulevard, a 2-storey retail building in Edgemont Village has sold for $2,475,000. The building is at a prime corner in the village and is located on a 2,700 SF lot.

3108 Highland

November 5, 2013by david.taylor@colliers.com
Investment, Retail

851-855 West Broadway, Sold

A single-storey retail building at 851-855 West Broadway has sold to a local private investor for $4,700,000, or approx. $800 per SF. The 5,800 SF building contains three retail 855 West Broadwayunits and over 5,000 SF of basement space.

The building was recently renovated and tenants include Cafe Artigiano and Uniform Central. A third space was being marketed for lease at $35.00 per SF net.

 

 

October 30, 2013by david.taylor@colliers.com
Investment

Chartwell Buys Retirement Residence in Mission

Chartwell Retirement Residences has acquired a 138-suite residence in Mission for $27 million, the real estate trust announced Monday.

Cedarbrooke Chateau, built in 2009 and 73 per cent occupied, is Chartwell’s second retirement residence in Mission, a Fraser Valley community with a population of about 34,500.

Chartwell says it expects “strong operational synergies” with the existing 126-suite Chartwell Carrington House Retirement Residence but didn’t provide details in its announcement.

“This acquisition is fully in line with our strategy to acquire newer, well-designed and well-located properties in our existing markets,” Brent Binions, Chartwell’s president and CEO, said in a statement.

Read more: http://www.vancouversun.com/business/Chartwell+real+estate+trust+buys+retirement+residence+Mission/9091680/story.html#ixzz2j20I4su0
October 28, 2013by 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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