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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Market Research

City of Vancouver Launches Marpole Community Planning Process

The City of Vancouver is embarking on a comprehensive community planning program in the Marpole neighbourhood.

The Marpole Community Plan program will take place over an 18-21 month time period starting in April 2012 and is expected to be completed in 2013.

Community Open Houses

Drop by to learn more about the community planning process and how to get involved.

Wednesday, May 2, 5 – 9 pm
Marpole-Oakridge Community Centre
990 West 59th Avenue (at Oak Street)

Saturday, May 5, 11am – 3 pm
8138 Granville Street

For further information.

 Source: City of Vancouver
May 1, 2012by david.taylor@colliers.com
Development

White Spot at Cambie & West 12th Slated for Redevelopment

A development is being proposed for the White Spot and adjacent lands at Cambie & West 12th, near City Hall. Shato Holdings Ltd. has applied to the City of Vancouver to rezone 2806-2850 Cambie Street and 454 West 12th Avenue from C-2C and RT-6  to CD-1 to allow a 6 to 8-storey mixed-use development, with approximately 20,000 sq. ft. of retail space, 138 residential units, and 194 parking spaces.

The proposal includes a max. height of 105.5 ft. and an FSR of 4.41. The proposal also includes the preservation of the heritage house at 454 West 12th Avenue and its relocation to West 13th Avenue, and the re-alignment of the lane to exit onto West 12th Avenue.

More details on the proposal.

April 30, 2012by david.taylor@colliers.com
Office, Retail

2303-2305 West 41st Ave. Vancouver, Sold

2303 – 2305 West 41st Avenue in Kerrisdale has sold. The two-storey retail and office building sold for $7,400,000. With 10,600 sq ft of rentable area, the price per SF was $698.

April 27, 2012by david.taylor@colliers.com
Retail

3950 Main Street Sold

Located mid-block on the East side of Main Street one block North Of King Edward Avenue, this 5,000 square foot redevelopment site is currently improved with a 2,400 square foot, two tenant retail building.

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

April 26, 2012by david.taylor@colliers.com
Retail

3880 Oak Street Vancouver, Sold

Colliers has acted on behalf of the Vendor in the sale of 3880 Oak Street, a 6,177 sq ft strip retail centre at Oak and West 23rd in Vancouver. The property is fully leased to Rackets & Runners, Subway and several local tenants. The centre is zoned C-2 and has long-term redevelopment potential. The purchase price was $4,686,000, or $759 per SF.

April 25, 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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