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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Development

Edmonds Development Awaits Area Planning Process

Burnaby NewsLeader – Edmonds development awaits area planning process.

The development of the vacant lot at Edmonds and Canada Way is awaiting completion of an updated Sixth Street Area Plan at Burnaby City Hall.

A four-storey mixed-use project is being proposed for the corner property at 7320 Canada Way, a former gas station site, according to a city planning report.

City staff informed the rezoning applicant, Kamcon Construction, that “substantial efforts” would have to be made to acquire and consolidate the Odd Fellows Hall property next door at 7724 Edmonds St. into any potential development.

November 1, 2012by david.taylor@colliers.com
Development

Townhouses Proposed for Hastings, Sardis

Burnaby NewsLeader – Townhouses proposed for Hastings, Sardis.

Almost five years after the rezoning process started a townhouse project for North Burnaby is set to go to public hearing.

In November 2007, the developer first proposed a 17-unit stacked townhouse project at 5161 and 5191 Hastings St., at the northwest corner of Hastings and Springer Avenue. The properties are currently home to an older four-plex and an older single-family home, according to a city staff report, and both are designated for medium-density apartment projects in city plans.

Read more: http://www.burnabynewsleader.com/news/175861301.html

October 29, 2012by david.taylor@colliers.com
Development

First Station Square Tower in Burnaby Sells Out in Hours

Burnaby NewsLeader – First Station Square tower in Burnaby sells out in hours.

The first tower at the Station Square redevelopment sold out in three-and-a-half hours Saturday.

Some of the 269 units had already been sold to family and friends of the developers over the last few weeks and the lineup for buyers for the remaining units started at 6:30 a.m. that day, according to Greg Zayadi, director of residential sales and marketing for Anthem Properties, which is developing the project with Beedie Living.

Read more: http://www.burnabynewsleader.com/news/175297501.html

October 24, 2012by david.taylor@colliers.com
Development

Burnaby’s Station Square Begins Major Transformation

Burnaby NewsLeader – Burnaby’s Station Square begins major transformation.

Back in the 1950s, Keith Beedie heard that a large piece of property, home to the Ford Motor Co. and Kelly Douglas, could be had for a price.

“They wanted $1 million for it. I thought, ‘are they crazy?'”

He never would have dreamed back then that one day he’d own a large piece of the property, and that the company he founded, Burnaby-based Beedie Development Group, would have a hand in its transformation.

The company, which until now had mainly been known for its industrial development projects, is now run by his son Ryan Beedie and is half-owner of Station Square shopping centre through its residential development division, Beedie Living.

Along with partner Anthem Properties, the developer is launching sales this weekend of condominium units in the first of five new towers slated for the major redevelopment.

Read more: http://www.burnabynewsleader.com/news/174798661.html

October 19, 2012by david.taylor@colliers.com
Investment, Retail

SOLD: 3744 Canada Way, Burnaby

David Taylor of Colliers is pleased to have acted in the sale of 3744 Canada Way, a single-tenant retail building located on Canada Way near Boundary Road in Burnaby. The purchase price was $2,900,000. The property is occupied by a local retailer, Charlie’s Chocolate Factory.

October 2, 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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