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Content tagged with: Transactions

Algoma suspends mall sale due to Sears closures

RENX Staff Commercial Transactions Ontario Jun. 27 2017

Sears Canada’s announcement it will close its store in the Station Mall in Sault Ste. Marie, Ont., has spurred Algoma Central Corporation to suspend efforts to sell the property. “Although Algoma has yet to receive formal notification of Sears’ intent for

Off-market deal spikes Nexus REIT’s value

Danny Kucharsky Commercial Transactions Quebec Jun. 20 2017

Nexus REIT’s recent purchase of a half stake in a Quebec portfolio of Sandalwood Management properties represents about a 50 per cent increase in Nexus’ gross book value to about $450 million. The purchase price for the 1.53 million square feet of gross

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