Receiving a 2021 Best Ottawa Business (BOB) Award is a tremendous achievement – and for the team at Regional Group is an additional reason to celebrate the success of the past year.
Since 1958, Regional Group has helped shape real estate in Ottawa and throughout Canada’s National Capital Region. From its humble beginnings, the business has evolved into a real estate powerhouse that offers a host of services to clients and investors — with projects ranging from land and commercial development, investment assemblies and urban infill, to the creation and delivery of complete master-planned communities.
Today, Regional is lauded as one of Ottawa’s most trusted and recognized developers. The company is made up of a real estate pipeline in the excess of $5.2 billion, with several projects in various stages of development in Ontario and Quebec, as well as a management portfolio of more than 2.9 million square feet of commercial space and 2,000 residential units.
Regional has six divisions: Property & Asset Management, Investment & Leasing, Commercial Development, Land Development, Tax & Valuation Advisory and Production Home Building via affiliated and award-winning company eQ Homes. This vertical integration is a powerful differentiator that allows the company to create value for clients through the entire life cycle of real estate investments.
In 2020, Regional Group implemented a successful succession plan, transferring leadership from long-standing CEO Steve Gordon, to third generation family-member and son, Sender Gordon, who has taken the reins, gaining industry trust and respect.
Although 2021 presented its challenges, maneuvering through the pandemic has played to Regional’s strengths. The company – known for not settling for status quo – successfully adapted its strategy in the search for new and innovative ways of capitalizing on technology and business opportunities.
Despite the uncertainty of the past two years, Regional has experienced significant growth and continued to diversify its business mix — resulting in a year of record profits and earnings.
The recent creation of a new Commercial & Multi-Family division has opened the doors for Regional to expand and flourish within the competitive market of office park and mixed-use apartment building development.
Regional also developed two purpose-built rental buildings in Greystone Village. Milieu Modern Apartments – the first of two properties – received occupancy in November 2021, providing a much-anticipated high-quality rental option for hundreds of Ottawa families.
In addition, Regional’s subsidiary and award-winning builder eQ Homes, noted a record year with over 350 new home and condo sales, the completion of four phases in master-planned communities in the greater Ottawa area and added an extensive collection of 2021 industry awards to their portfolio.
The company continues to be driven by a philosophy of integrity and embodies a culture that is creative, forward-thinking and innovative. Regional credits its success to its growing team of industry experts and recognizes the value of investing in homegrown talent.
“Our team has grown significantly over the last few years and I am so proud of the entire Regional team, and highlight team,” says Sender Gordon, president and CEO of Regional Group. “None of what we do can be accomplished without the support of a full team.”
Regional is thrilled to celebrate the success of the past year and is elated to join previous years’ winners of the Best Ottawa Business Award. The team extends congratulations to all local businesses and recipients on their achievements with a big thank you to the Ottawa Business Journal and the Ottawa Board of Trade for this honour.