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.
Ottawa’s largest privately owned commercial property manager said Wednesday it partnered with an unnamed institutional investor to purchase a five-storey office tower and four acres of adjacent land at 1900-2000 City Park Dr. from Vancouver-based company.
The firm expects more tenants will look to downsize this year as they rethink their office requirements, resulting in more sublease space coming on the market.
Constructed in 2021, Eagle Pointe is a “high-quality asset” that fits the company’s long-term strategy to upgrade its holdings by selling older buildings and acquiring new builds, CAPREIT president and CEO Mark Kenney told OBJ on Tuesday.
In documents filed with Ontario Superior Court in late January, the company reported assets valued at about US$6.9 million and debts totalling about US$10.2 million.
Four years after its reported bid to acquire U.S.-based competitor Avaya fell through, Kanata firm is taking another crack at solidifying its status as a global leader in the unified communications space.
Public Services and Procurement Canada recently confirmed it cancelled the bidding process to select a private-sector contractor to redevelop a 26-acre site at 599 Tremblay Rd. near St. Laurent Boulevard.
In financial filings this week, Ottawa-based company says it brought in $939,000 in revenues in its fiscal year ending Oct. 31, 2022, down from about $1.3 million the previous year.