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Alberta

Nexus to acquire 9 industrial properties, in 4 provinces, for $359M

RENX Staff Commercial Transactions Ontario Aug. 16 2021

Nexus REIT (NXR-UN-T) announced Monday afternoon it has deals to acquire a total of nine distribution centres and other industrial properties in four provinces, for a total price of $359 million, as it continues to transform to a pure-play industrial entity.

Where has all of Alberta’s distribution space gone?

Bronwyn Scrivens Commercial Market Trends Alberta Aug. 13 2021

GUEST SUBMISSION: It truly wasn’t long ago, maybe 12 months or less, that Edmonton and Calgary were flush, perhaps too flush, with class-A speculative distribution space. In a matter of not years, but months, the inventory in both major cities

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