News
Brokerage Sales News
April 2008315 multi-family residential units in the Dows Lake area sold for $26,500,000 (or $84,126 per unit).
November 2007
The 40 townhomes at 2155-2173 Elmira Ave. are sold for $100,000 per unit.
In addition, the 33 unit apartment building at 90 Willow St. (just east of Preston) is sold by District Realty for $1,700,000.
September 2007
Pinecrest Village sells for $100,000 per unit. This 76 unit stacked townhouse project was sold by District Realty to a private investor.
July 2007
District Realty has a very busy July with sales at 820 Belfast Rd., 181 Woodward Dr., 338 Somerset St. and 1030 Panet St.
Leasing News
October 2007District Realty successfully negotiates leases for 45,000 square feet on 7 Enterprise Ave. and 37 Enterprise Ave., bringing these properties to 100% occupancy.
July 2007
District Realty completes another lease with PWGSC on behalf of Osgoode Properties, successfully negotiating a full-floor lease to bring the property’s occupancy back up to 100%.
Property Management News
June 2008District Realty launches its new online Tenant Resource Centre , your source for Ottawa apartment guides, information, and useful links for Ottawa apartment tenants.
May 2008
District Realty has introduced a new Pre-Authorized Debit
Payment Plan for its tenants at Gilboa Place (3301 Uplands Drive). In addition
to our Interac payment option, District Realty's tenants can pay their rent in
the way that is most convenient for them. If this new payment option is
successful, it is expected to be offered at many other District apartments in
the coming months.
For more information on how to set up a Pre-Authorized
Debit Payment Plan, Gilboa Place tenants can contact Nicole Lemire at
613-521-7771.
May 2008
NEW STATE OF THE ART COOLING PLANT
District Realty has teamed with Keller Engineering Associates and Direct Energy to replace the cooling plant at 200 Elgin Street in Ottawa with a "State of the Art" oil free centrifugal chiller by Smardt. The new, dual compressor, variable speed drive chiller which services the 143,000 square foot office building in Ottawa's downtown core, and employs frictionless magnetic bearings.
The 65,000 kWh reduction in electrical energy use per year correlates to a Greenhouse gas reduction in CO2, SO2 and NOX, a meaningful first step towards a "Green" building operation. The project commenced in August 2007 with a budget of $425,000.00 and was completed both on budget and in time for the 2008 cooling season, with zero disruption to building occupants.
October 2007
The owners of 2249-2255 Carling Ave. appoint District Realty as their property manager, bringing our total area of commercial properties managed up to 2,000,000 square feet.
September 2007
A local syndicate chooses District Realty as its property and asset manager for 90 Willow St., a 33 unit apartment building requiring major renovations and repositioning.
The owners of 2249-2255 Carling Ave. appoint District Realty as their property manager, bringing our total area of commercial properties managed up to 2,000,000 square feet.
September 2007
The management portfolio at District Realty continues to grow with the following additions to our portfolio:
- 61 York St.
- 1 Nicholas St.
- 250 City Centre
- 7, 37 Enterprise Ave.
- 17, 18, 20 Enterprise Ave.
- 261 Somerset St.
- 900 Merivale Rd. (10,000 square feet)
- 10 Burnside Ave. (49 apartments)
- 346-376 Tillbury Ave. (42 apartments)
STAFF ANNOUNCEMENTS
July 2008District Realty is proud to announce that Laura Haviland has joined the District Realty Team in the position of Residential Property Manager on Monday, June 23, and has quickly proven to be an asset to both her department as well as the company.
Laura is a career-oriented individual who has proven herself in the Property Management and IT field over the course of several years. Working in an office environment is second nature for Laura, having worked as an Office Manager and Shift Supervisor, but where she is hoping to expand her experience is in the field.
As part of Laura's position, she will be visiting the residential sites with regularity to ensure proper maintenance and tenant satisfaction, supervising trades and superintendents, as well as working on rental development initiatives with the on-site staff. Laura along with Louisa Lalonde, Residential Property Administrator, will also be overseeing the development of the District Realty web site.
We would like to formally welcome Laura Haviland and wish her all the best and success in the years to come.December 2007
District Realty is delighted to announce the appointment of Mark Alcorn as our new Chief Financial Officer! For more information on Mark and his background please click here.
Charitable Events
District Realty is proud to be a sponsor for the following events:- Dhadkan Fundraising Event Dinner in support of the Ottawa Heart Institute (Lead Sponsor)
- Ottawa Celebrity Sports Dinner (Silver Sponsor)
- Special Olympics Festival Breakfast (Bronze Sponsor)
Jason Shinder, Executive Vice President has been named Deputy Chair of the Jewish Federation of Ottawa’s Annual Campaign.
Executive Vice President Jason Shinder has joined the Board of Trustees of the Children’s Hospital of Eastern Ontario (CHEO).