Real Estate

Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.

Airport land development set to take off

Non-Residential

CE Centre paves the way for additional construction After scouring the city for a spot to construct Ottawa’s new trade show centre, Shenkman Corp. president

PCL poised to pick up Bayshore expansion contract

Construction

PCL Constructors appears set to lead the massive expansion of Bayshore Shopping Centre, a project that will add more than 200,000 square feet to Ottawa’s

Unitrin, Triform to build retail complex on brownfields land

Construction

Two local developers will build a retail and restaurant complex on brownfields land at 280-300 West Hunt Club Rd. The 11.6 hectare property used to

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

Investments sales drop 11.4%

Non-Residential

Fewer buildings for sale leads to increased interest in land Ottawa was the only major Canadian city to see commercial real estate transaction volumes fall

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

UPDATE 2: Concrete woes halt footbridge construction on parkway

Construction

Disintegrating concrete on a $5-million pedestrian bridge in progress over the Airport Parkway may delay construction for another full season, according to the area councillor.

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

Remedies available if bridge construction slips: city

Construction

A day after announcing the receivership of Strandherd-Armstrong Bridge general contractor ConCreate USL, a city general manager emphasized Wednesday that there are remedies in place