David Sali

Dave is OBJ's senior features writer with two decades of experience in the newspaper industry working for a variety of publications from community weeklies to major dailies. He is a four-time award-winning journalist by the Alliance of Area Business Publishers (AABP). He has received awards for best news feature, best scoop and best overall writer among medium-sized business publications.
https://www.linkedin.com/in/dave-sali-62882925/

Surging cleantech firm Thermal Energy lands $2.9M in new orders

The Ottawa-based cleantech firm, which posted revenues of $5.6 million in its most recent quarter, has landed a pair of new contracts worth a total of nearly $3 million.

Condo market still ‘challenging’ for builders despite rising starts, Claridge exec says

Claridge Homes chief financial officer Neil Malhotra said higher mortgage rates, rising construction costs due to inflation and a new bylaw that hikes the fees developers pay to the city in lieu of parkland at highrise building sites have combined to make large-scale development projects a risky proposition.

Ottawa tourism sector on the rise, but foreign visits still lagging, veteran hotelier says

Ross Meredith, the general manager of the Westin Ottawa and the Delta Ottawa City Centre hotels, said he thinks it will “probably take a few years” for the Ottawa tourism sector to see pre-COVID levels of overseas visitor spending.

Annual pace of housing starts in Ottawa-Gatineau rises slightly in April: CMHC

The national housing agency says the seasonally adjusted annual rate of housing starts for the fourth month of the year was 16,673 units, up six per cent from 15,715 in March.

Why Sacha Gera is leaving a ‘really good thing’ at Calian to lead Jatom Systems

The 42-year-old president of Calian’s IT and cyber solutions division announced this week he’s leaving his job at one of Ottawa’s most prominent publicly traded companies to become CEO of Jatom Systems Inc. (JSI).

Telesat ‘making headway’ on financing for Lightspeed LEO satellites, CEO says

Telesat chief executive Dan Goldberg says the Ottawa firm is still in talks with export credit agencies aimed at securing financing for its next-generation communications satellites.

Calian reports record Q2 revenues of $168.5M, acquires Hawaii Pacific Teleport

Calian posted a net profit of $4.5 million, or 39 cents per diluted share, compared with $1.3 million, or 11 cents per diluted share, a year earlier.

Minto Apartment REIT refinances mortgages as rising interest rates eat into cash flow

Minto Apartment REIT is refinancing hundreds of millions of dollars’ worth of mortgages as rising interest rates jack up the costs of servicing its debt and eat into its cash flow, the company said this week.

True North REIT selling Narono Building at 360 Laurier Ave. for $17.5M

True North Commercial REIT said in financial filings this week it has agreed to sell the 11-storey Narono Building at 360 Laurier Ave. W. to an unnamed buyer for about $17.5 million.

InterRent REIT, CLV Group seeing brisk demand for units at Slayte rental conversion project

InterRent REIT says occupancy at the Slayte, the 11-storey rental complex at 473 Albert St. it is developing in conjunction with sister company CLV Group, is “quickly approaching” the 50 per cent mark “despite lease-up having mainly occurred during the weaker winter rental months.”
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