This week witnessed great transaction levels, which are typical for month-end periods.
In Hamilton, the most significant transaction was Slate Asset Management's purchase of Stelco's 809 acres of land for $518 million, which was the talk of the town last week.
The Slate Stelco deal by the numbers:
It's the largest GHA transaction recorded since our records began in 2005.
It smashes the previous record set in March by Panattoni Development's purchase of 423 acres in Brantford for $290 million.
The value of Slate's Stelco deal is about as large as six months' worth of transactions for Hamilton CRE.
The area's next largest transactions were:
Slate's repurchase of an existing residential plot of land for $21 million.
Valery Homes' purchase of 5.98 acres of residential land on Hamilton Mountain for $15 million ($2.5 million per acre). That's a high value for standard, single-family development land, should it be used as such.
In the news
Eastgate is planning for a phased, extensive residential development
TAS joins Aeon and Forge & Foster in redeveloping Barton-Tiffany lands into a film district
The June Hamilton Design Review Panel submissions have been released
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