Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
As demand for properties in Ottawa continues to rise, a high-end apartment development in Barrhaven is creating up new business opportunities for local agents.
Crestpoint Real Estate Investments closed the deal with Ottawa’s Huntington Properties earlier this month. The four buildings, totalling about 220,000 square feet, are all leased to single tenants.
Smart Living Properties and Forum Equity Partners have applied to build a rental complex at 112 Nelson St. aimed at "young professionals" who cycle rather than drive.
Organization says it wants to retain the facade of its three-storey office at the corner of Lewis Street and the Queen Elizabeth Driveway and build a nine-storey building with 66 residential units.
The Ottawa-based REIT reported funds from operations of $11.9 million in the three-month period ending June 30, down from $12.7 million a year earlier.