Marquee transactions worth a combined $87 million have Ottawa brokerage predicting the new year will pick up right where a frothy 2021 left off for the city's office market.
Crown Realty Partners
Crestpoint Real Estate Investments and Crown Realty Partners purchased the 1.17-million-square-foot downtown property in a transaction that closed last week.
Crown Realty Partners says the fund has closed its first round of financing with more than $140 million worth of commitments from institutional investors and family offices.
A total of 50 office, retail, industrial, apartment and hotel properties changed hands in Ottawa in the second quarter, a 37 per cent drop from 2019.
Firm has purchased more than 400,000 square feet of office space in the south and east ends of the city.
A Toronto-based real estate investment firm has purchased a trio of prime Class-A office buildings in Westboro in a push to expand its footprint beyond the southern Ontario market