Real Estate

The Marriott Ottawa has been sold to Toronto-based Manga Hotels Group in a deal that closed last week. The purchase price was not released.

Sarah Vandenbelt has joined the Paradigm Commercial Group of Companies as founder and CEO of Paradigm Commercial Real Estate and Brokerage, the firms announced last week.

Brigil is adding to its growing pipeline of mixed-use development proposals in Ottawa with a plan to build two highrises comprising nearly 600 apartments on Richmond Road.

The ongoing dispute over a proposed highrise at the corner of Wellington Street West and Parkdale Avenue will continue this summer. 

Ottawa’s industrial vacancy rate more than doubled in the second quarter compared with a year earlier as some tenants began moving into newer buildings with smaller footprints, Avison Young says in its latest market report.

The sale of the Carlingwood Shopping Centre could pave the way for a new mixed-use “ecosystem” that would eventually see condo towers built at the 30-acre site, real estate and retail experts predict.

Ottawa-Gatineau’s annual pace of housing starts soared in June, Canada’s housing agency says, part of a nationwide trend that saw the pace of starts post their largest month-over-month increase in a decade.

Colonnade BridgePort says it plans to build five residential highrises with upwards of 1,200 units on property near the Blair LRT station it purchased earlier this year.

Carlingwood Shopping Centre, which opened in 1956 and now contains the country’s largest Canadian Tire store, has been put on the market.

The City of Ottawa is seeking community feedback on a proposed development at the intersection of Little Italy, Hintonburg and Chinatown.