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Investment, Market Research

MARKET POLL: Cap Rates in Vancouver

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May 23, 2013by david.taylor@colliers.com
Development

Trump Tower Vancouver Construction Reaches Grade

After more than a year constructing the underground parkade, construction at the site of the new luxury hotel/residential project at 1153 West Georgia Street, has reached grade level. Sales are expected commence later this year. The developer, Holborn Group, had originally anticipated completion by 2010, but the project was delayed.

Trump Tower Vancouver Construction

Trump Tower Vancouver Construction, picture by Built Form (SSP)

 

Trump Tower Vancouver Construction

Trump Tower Vancouver Construction, picture by Built Form (SSP)

May 22, 2013by david.taylor@colliers.com
Investment

The Centre for the Performing Arts Sold to Church Group

Arts and cultural groups are scrambling to find new venues after being told that a hip evangelical church has bought The Centre for the Performing Arts in downtown Vancouver and plans to take over the 1,800-seat theatre this summer.

Directors of the Vancouver International Film Festival, Goh Ballet and Unique Lives lecture series confirmed they were told last week by the centre’s management that the venue will not be available after the Westside Church takes over ownership in August.

…Diane Heal, the centre’s vice-president of operations, said the centre was for sale but referred all questions to Michael Law of Global Pacific Properties in Denver, Colo., an affiliate of Four Brothers Entertainment, which owns the centre.

Law did not return phone calls or respond to emails from The Vancouver Sun.

According to a March 27 blog on the website of the Westside Church, Pastor Norm Funk said he was “officially” and “publicly” announcing that a purchase sales agreement had been secured with the owners of the centre.

Read more: http://www.vancouversun.com/news/metro/Vancouver+International+Film+Festival+scrambles+find/8391069/story.html#ixzz2TYxgYgsZ
May 17, 2013by david.taylor@colliers.com
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