Real Estate

The firm expects more tenants will look to downsize this year as they rethink their office requirements, resulting in more sublease space coming on the market. 

Constructed in 2021, Eagle Pointe is a “high-quality asset” that fits the company’s long-term strategy to upgrade its holdings by selling older buildings and acquiring new builds, CAPREIT president and CEO Mark Kenney told OBJ on Tuesday.

Local property owners with residential rental properties say they are relieved that legislation that would have required them to purchase power generators has failed in the provincial legislature.

Avenue 31 is launching a new project dubbed Camino-Long Sault, a proposed multimodal logistics village near Cornwall.

Public Services and Procurement Canada recently confirmed it cancelled the bidding process to select a private-sector contractor to redevelop a 26-acre site at 599 Tremblay Rd. near St. Laurent Boulevard.

The Orléans company suddenly shuttered Feb. 3, leaving numerous clients, employees and contractors in the lurch.

The drop came as January sales also fell on a month-over-month basis as they dropped three per cent compared with December.

The six-month rolling average – designed to smooth out monthly fluctuations – was 1,735 units, compared with 4,095 units in December.

At one million square feet, One60 Elgin – which opened in 1971 and was formerly known as Place Bell – is the fourth-largest office building in Ottawa and one of the city’s most widely recognized downtown landmarks.

Former employees at local firm Highbridge Construction are once again on the job search after the sudden shuttering of the business just over a week ago.