Non-Residential

Spa Nordik owner happy with offer for Château Montebello as bid deadline extended

Potential owners of the Fairmont Le Château Montebello have been given a chance to revise their bids...

Developer calls off plans to build large spa facility in Kanata North

A “destination wellness spa” slated to be built in Kanata North is not going ahead.  Markham-based Silk Development...

Buying Château Montebello would be dream come true for Spa Nordik owner

A years-long dream could become reality for the founder and CEO of Groupe Nordik, who is waiting to hear if his group of investors is successful in its bid to purchase the historic Fairmont Le Château Montebello.

Montreal’s Brasswater acquires Carling Executive Centre for $53M

Montreal-based Brasswater has acquired the Carling Executive Centre for $53 million, marking the third sale of a...

Office tenants extend lease terms to spread out retrofit costs, experts say

As more employees return to the office, commercial tenants in downtown Ottawa are seeking longer leases to...

UPDATED: Former Bay store on Rideau Street acquired by company linked to Claridge Homes

The former Hudson’s Bay store on Rideau Street is being acquired by a numbered company in an...

Prominent broker urges feds to rethink plan to sell downtown office buildings

With at least one federal department already worried it won’t have enough space to bring its employees back to work four days a week, a prominent commercial real estate broker is calling on the feds to reconsider plans to sell some of their downtown office properties.

Space crunch ‘inevitable’ as feds set to expand return-to-office mandate, real estate execs say

A spokesperson for Public Services and Procurement Canada said Tuesday the department “does not anticipate any challenges” finding enough room in its existing portfolio for workers who will need to be in the office an extra day each week starting July 6.

Industrial rents fall slightly in Q1 as Ottawa market shows ‘signs of stabilization’: Colliers

Ottawa’s industrial market is “showing signs of stabilization” after several years of rapid growth, a new report...

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