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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Office

OPEN HOUSE: 320 Granville Street

The City of Vancouver is holding an open house for 320 Granville Street, a proposed 32-storey office building with a density of 25.5 FSR and 380,000 sq. ft.

The Open House will be a “drop-in” event where you can view the proposal. City staff and the applicant team will be available to answer your questions and receive your comments.

Community Open House
Date: Thursday, July 12, 2012
Time: 5 – 8 pm
Place: The Landing (atrium)
375 Water Street

July 3, 2012by david.taylor@colliers.com
Investment, Retail

108-116 East Broadway, Sold

108 & 116 East Broadway, two retail buildings located on the South side of Broadway near Main Street, have sold for a combined $4,900,000, representing a cap rate of approximately 3.0%. The properties are zoned C-3A, and have a site area totaling 9,520 SF, equating to a price per buildable sq ft of $157.00.

The buildings are currently occupied by a thrift store and a mattress store. The purchaser was a local private investor. The property had been listed with Cushman Wakefield.

June 20, 2012by david.taylor@colliers.com
Investment

275 Feet of Frontage on East Hastings Street Sells

A local Vancouver investment group has purchased the Acme Labs property at 828 – 868 East Hastings Street.  Zoned M-1, the property was purchased for $7,250,000 and is 33,541 square feet in size with 275 feet of frontage on East Hastings Street.

June 19, 2012by david.taylor@colliers.com
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
Apartment, Investment

SOLD – 1364 West 10th Avenue – Shavian Apartments

Located mid-block on the south side of West 10th Avenue, this three storey, 11 suite apartment building is well positioned in the Fairview neighbourhood. Built in 1958, the Shavian Apartments had been owned by the Shavian family since construction.

The property was sold by Ted Mildon and Matt Saunders in June 2012.

June 18, 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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