Study Asserts Vancouver Waterfront Project 'not Viable As Conceived' | The Columbian
Brookfield Canada Office Properties Declares October 2014 Monthly Distribution Yahoo Finance
In a market analysis commissioned by Tesoro Corp. and
Savage Companies...
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Study Asserts Vancouver Waterfront Project 'not Viable As Conceived' | The Columbian
Brookfield Canada Office Properties Declares October 2014 Monthly Distribution Yahoo Finance
In a market analysis commissioned by Tesoro Corp. and
Savage Companies operating together as Vancouver Energy Heartland LLC, a Seattle-based real
estate advisory firm, says that under reasonable market input assumptions the waterfront project
is not viable as conceived, making an argument about the impacts to value from the proposed
terminal irrelevant. Waterfront developer Barry Cain, president of Gramor Development a member,
along with local investors, of Columbia Waterfront LLC blasted the analysis as trash. Tesoro and
Savage are working against the waterfront, he said Thursday. Theyre working against whats good
for the downtown, because what theyre doing is bad. The Heartland analysis, which examines
such factors as rents, capitalization rates, and structured parking, is included as part of a 2,161page prel
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