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Retail rents rising as space crunch grows in Ottawa, new report says

With new retail construction at a virtual standstill in recent years as escalating costs and rising interest rates kept developers on the sidelines, the supply of available quality space has all but dried up, CBRE said in its recent Canada retail rent survey.

Windmill eyes mid-2025 start date for pair of major rental development projects

Windmill Development Group says it hopes to start construction later this year on a 24-storey highrise at 384 Arlington Ave., just west of Bronson Avenue, as well as two buildings at 2475 Regina St., just north of Richmond Road on the west side of the Kichi Zibi Mikan Parkway.

Smiths Falls appliance salesman featured as TikTok phenom during Super Bowl broadcast

Corey McMullan may not be much of a football fan, but that didn’t make it any less exciting to be featured in a commercial for TikTok that aired during the Super Bowl Sunday night.

Calian inks $50M in new defence contracts in Q1 amid ‘continued geopolitical instability’

Calian Group says it has signed more than $50 million in new and renewed multi-year defence contracts...

BluMetric Environmental to boost U.S. production capacity after acquiring Florida firm

BluMetric Environmental is more than doubling the size of its U.S. manufacturing facilities after acquiring a Florida-based...

Snowball effect: Busy canal skating season should mean a strong year for tourism, officials say

The Rideau Canal is frozen and packed with skaters, which is a good sign for Ottawa’s tourism sector this year, according to the Conference Board of Canada. 

Ottawa’s top 10 commercial real estate transactions of 2024

Forum Asset Management’s $183-million acquisition of a 579-unit student residence near the University of Ottawa topped the list of the capital’s most valuable commercial real estate transactions in 2024 as trading volumes held steady with the previous year.

Ottawa-born Turnstone Biologics halting clinical studies, laying off staff

Ottawa-born biotech startup Turnstone Biologics is halting all clinical studies, ceasing further development of its cutting-edge cancer-fighting...

‘A very volatile future’: Lee Valley Tools exec on how talk of tariffs is upending his industry

Nearly 50 years after Lee Valley Tools began as a mail-order retailer of woodworking equipment, the firm...

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