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

Casino Still Eyed for West of B.C. Place

Casino still eyed for west of B.C. Place.

Bets are still on that Edgewater Casino will relocate to a site west of B.C. Place Stadium.

Las Vegas-based parent Paragon Gaming has extended its lease with Canadian Metropolitan Properties for the Plaza of Nations casino until 2015 while Paragon and B.C. Pavilion Corporation hold their cards close to the vest.

In April 2011, Vancouver city council rejected a bid to expand the licence from 600 to 1,500 slot machines, but the city gave Paragon the green light to move the licence to a proposed $450 million casino/hotel complex on PavCo land. Company president Scott Menke told the Courier in May that he was expecting to announce the move by the start of August. That was before PavCo CEO Warren Buckley resigned and Jobs, Tourism and Innovation Deputy Minister Dana Hayden took over on Aug. 1.

Read more: http://www.vancourier.com/life/Community+Calendar/7475023/story.html#ixzz2D41OpoMf

November 23, 2012by david.taylor@colliers.com
Development

For Sale – 563-571 West King Edward Avenue

Please contact Ted Mildon at ted.mildon@colliers.com for more information on this opportunity.

November 15, 2012by david.taylor@colliers.com
Development

Kingsgate Mall & Beedie Development – Globe & Mail Article

Courtesy of the Globe & Mail

“In the last year, industrial developer Ryan Beedie has moved into the more precarious world of residential development.

When asked why he’d bother, Mr. Beedie, who already oversees $1-billion in industrial real estate assets, agrees that it’s partly due to one simple reason. He’s bored.

“Absolutely,” he says, without hesitation, straightening up in his boardroom seat. “You are absolutely right. ‘What’s this shiny thing over here?’ Absolutely. We have also expanded industrial into Alberta – we have quite a few projects now going on in Calgary. Again, why do that? Good question. Because it’s fun – it’s a new experience.””

View the entire article HERE

November 15, 2012by david.taylor@colliers.com
Development

Vancouver Stock Exchange building expansion to move ahead

Vancouver Stock Exchange building expansion to move ahead.

  
Vancouver Stock Exchange building expansion to move ahead
 
VANCOUVER — Global investment banking giant Credit Suisse will move ahead with plans to construct a 30-storey office tower over top the historic Vancouver Stock Exchange building after city council voted Tuesday to approve a rezoning application that will more than double the maximum density on the site.

The Exchange project, worth an estimated $200 million, will add 369,000 square feet of premium office space to the downtown core and employ an estimated 400 people during construction.

City staff had earlier recommended council approve the application, reasoning that it will contribute to Vancouver’s job space, economic development, heritage and sustainability objectives.

Read more: http://www.vancouversun.com/business/Vancouver+Stock+Exchange+building+expansion+move+ahead/7542502/story.html#ixzz2CAsoGNIO

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

Council to Vote on Credit Suisse Office Tower Proposal November 13

Courtesy of the Vancouver Sun

Credit Suisse is proposing to build the tower, which would be adjacent to and extend over the Vancouver Stock Exchange building at the corner of Pender and Howe streets.

The historic Vancouver Stock Exchange building at the corner of Howe and Pender streets is poised to get a $200-million overhaul as part of a major commercial development proposed by global financial giant Credit Suisse.

City council will vote Nov. 13 on a rezoning application that would more than double the maximum density and allow for the construction of a 30-storey tower on the site, which includes an adjacent property on Pender Street.

The design calls for retail uses at street level topped by 369,000 square feet of new, premium office space.

City staff has recommended council approve the application, reasoning that it will contribute to Vancouver’s job space, economic development, heritage and sustainability objectives.

Read more: http://www.vancouversun.com/business/commercial-real-estate/Proposed+office+tower+would+incorporate+former+Vancouver+Stock/7528003/story.html#ixzz2C3bx3ly8

November 13, 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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