Morguard North American Residential REIT announced that it has purchased 160 Chapel Street, a rental apartment building in Ottawa, ON, for $67 million, exclusive of closing costs.

InnVest Real Estate Investment Trust will purchase the Ottawa Marriot Hotel in downtown Ottawa for $115 million.

Centro Mortgage Inc. recently announced the exit of investors in a syndicate mortgage for a Fortress Real Developments Inc. project in Ottawa.

Vacancy rates among Class A and B office buildings in Ottawa have continued to increase over the past six months to almost 6.5 per cent.

Mercury Court, a three-storey office building with ground floor retail in the trendy ByWard Market of Ottawa, has been sold for $22 million.

AVG Technologies has opened the doors to its new state-of-the-art AVG Business facility in Ottawa, Ont.

Constitution Square in downtown Ottawa is the first office complex in the area to earn LEED Platinum EB certification.

According to data from the Ottawa Real Estate Board, a total of 853 residential properties were sold in Ottawa during the month of February, a decrease of 1.7 per cent from the year prior. The sales figure is also below the five-year average for February, which is 914 units.

According to the 2014 Multi-Family Real Estate Report from Colliers International, the total number of sales transactions in Ottawa’s multi-family sector grew 61.54 per cent last year, making it one of the most attractive rental markets in Canada. At the same time, the total dollar value of multi-family asset transactions rose 33 per cent, year-over-year.

A 74-unit affordable rental housing development has officially opened in Ottawa, Ont. The complex, located at 140 Den Haag Dr., offers housing for low-income individuals and families as well as persons with disabilities.

An $867-million Communications Security Establishment Canada (CSEC) Long-Term Accommodation Project (LTAP) has been completed in Ottawa, Ont. to house Canada’s national cryptologic agency. The 72,000-square-metre

Ottawa’s National Arts Centre (NAC) will undergo a $110.5-million expansion and transformation thanks to funding from the Government of Canada. Diamond Schmitt Architects, the designer for the project, will revamp the building to include improved performance and theatre spaces, new wings for presentations and an enhanced entrance.

The new 250,000-square-foot Faculty of Social Sciences building at the University of Ottawa, designed by Diamond Schmitt Architects and KWC Architects, has earned three design awards. The facility received an Institutional Building Award at the Ontario Concrete Awards, an Interior Wood Design Award from Ontario Wood WORKS!, and an Interior Green Wall Award of Excellence at CitiesAlive, the Green Roofs for Healthy Cities conference.

The Ottawa Hospital is on its way to rebuilding a first-rate Civic Hospital campus and teaching facility on 60 acres of land once owned by

Members of the Ottawa Real Estate Board sold 1,133 residential properties in September through the Board’s Multiple Listing Service® system, compared with 1,118 in September 2013, an increase of 1.3 per cent.