Market Insights
What's Happening in Today's Market?
Strategic renovations, leasing fills Winnipeg’s 330 Portage office tower Co-owners KingSett, Corpfin invested millions to make their class-B tower more enticing to tenants
Evan Duggan - RENX.ca
A key downtown Winnipeg office tower is nearly fully leased due, in part, to strategic renovations and a dedicated approach to leasing in an otherwise challenging market, say the brokers behind 330 Portage Avenue.
The success of the 56-year-old building bucks a national and local trend of sluggish office leasing for older buildings and showcases the value of retrofit investments, say Taylor Toni and Cliff Dyck, commercial brokers with the Dyck Toni Team at RE/MAX in Winnipeg. They have been working to lease the 150,000-square-foot building that’s connected to Canada Life Centre, home of the Winnipeg Jets.
Lots of activity in Manitoba’s Grande Pointe Industrial Acres Cobblestone Homes sells several small bay buildings to local business for $34.36M
Steve McLean - RENX.ca
Cobblestone Homes has sold a portfolio of small-bay industrial/commercial buildings on Discovery Drive in Grande Pointe Industrial Acres, just southeast of Winnipeg, to a local family-owned business for $34.36 million.
“We've done multiple transactions with them in the past, and they heard that we were going to be bringing this and they asked to take a first crack at it,” Re/Max Performance Realty commercial real estate sales and leasing advisor Cliff Dyck told RENX in an interview that also included his partner Taylor Toni.
Zoning Success: Applying Grandfather Clauses to Protect Existing Uses
"This was a fun project for our team! Despite its multi-generational use as a repair shop, the City of Winnipeg's Corydon-Osborne Secondary Plan included this property in their Planning Development Overlay, calling for a mixed-use zoning comprised of multi-family and cru..."
Reflecting on Todd Saunders’ Legacy: Design, Community, and Impact
"Some years ago, I engaged Todd Saunders to help with the design development for a retreat centre and spa in Pinawa, a remote town in the Canadian province of Manitoba, that was being faced with changes at the announcement that Atomic Energy of Canada (AECL) was decommissioning their research facility..."
Powering Multi-Family Growth for Those Who Endure the Process
"Canada's debt market -- particularly @CMHC's MLI Select programme -- continues to be that vehicle that drives the demand for new and value-add multi-family assets, and great rewards await those who have the patience to endure the pace of completion under their parameters!.."