Crown Realty Partners purchased the 205,251-square-foot portfolio last month on behalf of its fifth value-add fund. Terms of the deal were not disclosed.
It's poised to be another challenging year for office REITs, but some money managers say there could be decent entry points in the sector for long-term investors.
Morin, one of Ottawa’s leading brokers of office and industrial space, didn’t wait long to launch his latest venture after he and former business partner Graeme Webster dissolved their previous company, Koble Commercial Real Estate, last month.
Hintonburg’s Orange Art Gallery will vacate its space at 290 City Centre Ave. at the end of December after the building's landlords did not renew its lease, leading other tenants and nearby residents to speculate about plans for redevelopment of the site.
The brokerage they founded in 2014 as 50-50 partners, Koble Commercial Real Estate, was officially dissolved last week. It marked the end of a business arrangement between the two that stretched back nearly two decades.