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Office

747 Cardero Street Sold

747 Cardero Street, a 2-storey office building at Cardero and Alberni Streets in Downtown Vancouver has sold for $2,800,000, or about $995 per sq ft. The building had been fully vacant at the time of sale.

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

Debate over Vancouver fee system puts developers and public at odds

By Frances Bula – courtesy of the Globe & Mail

 

Vancouver got $223-million last year in fees and special charges from developers, an amount equal to about a quarter of the annual city budget.

But it got a large chunk of that through a unique system of painstaking negotiations that are done project by project – something that Vancouver’s reigning political team and incoming general manager of planning think needs to be simplified.

Full story here:http://www.theglobeandmail.com/news/british-columbia/debate-over-vancouver-fee-system-puts-developers-and-public-at-odds/article4477998/

August 13, 2012by david.taylor@colliers.com
Uncategorized

4434-4438 West 10th Avenue Sold

A single storey retail building in the Point Grey Village area of Vancouver has sold for $3,108,000, or $1,120 / SF. The building has tenants including Burgoo restaurant and UPS. The frontage is 50 ft and the lot is zoned C-2. The price works out to $204 per buildable SF, indicating that the property was likely bought as a hold with redevelopment potential.

August 13, 2012by david.taylor@colliers.com
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