OBJ staff

Office vacancy rates in Ottawa edged up slightly in the first quarter, but one local brokerage firm says the statistics don’t tell the full story

Securit building sells for $9.8M

Non-Residential

An 86,000-square-foot warehouse with Queensway visibility has been purchased by Crestpoint Real Estate Investments Ltd. as part of a three-building portfolio sale. Constructed in 2007,

Sears spends $2M on Iris move

Construction

Department store retailer Sears is planning to spend $2 million on fitting up its new location in the Ikea plaza. The struggling national chain, which

Housing starts down 42% in March

Residential

Housing starts in the national capital fell 42 per cent year-over-year in March as the region cooled from a record a year ago, according to

Ottawa resales up 13% in March

Residential

Ottawa Real Estate Board members have sold almost 13 per cent more houses and condominiums year-over-year since last March, according to numbers released Wednesday. The

Construction permits up 34% in February

Construction

A smaller number of larger construction permits this February boosted the combined value by 34.3 per cent year-over-year, according to municipal records. The value of

City declares default on Strandherd bridge contractor

Construction

The City of Ottawa will use a $23-million performance bond to see the construction of the Strandherd-Armstrong Bridge through after declaring the general contractor, ConCreate

Community housing group seeks mortgage refinancing

Non-Residential

“A need for significant capital repair”, coupled with a lack of money to deal with it, is prompting the Ottawa Community Housing Corp. to ask the

Kimco buys $16.4M interest in Orleans shopping mall

Non-Residential

Kimco Realty Corp. has purchased a 50-per-cent ownership interest in the Orleans Gardens Shopping Centre for $16.4 million. The centre’s existing owner was North American Property

Public Works seeks 64,000 square feet of space

Non-Residential

Public Works is looking for “contiguous warehouse and special-purpose space” in a building in Ottawa’s east end. Local landlords and developers had less than two