Brad Lamb has purchased this 0.7-acre parking lot at 117 King William St. in downtown Hamilton.
This week witnessed good transaction levels in all subject markets.
We saw multiple eight-figure transactions as Sycamore Partners purchased several Lowe’s for approximately $140/sq. ft each. (It was announced earlier this month that Lowe’s will operate as RONA.) Among these transactions, the largest was in Woolwich, where 278 acres of land adjacent to the Waterloo airport was purchased for $35 million ($125,000/acre).
Beyond the Lowe’s transactions, the largest transaction in Hamilton took place downtown as Brad Lamb purchased 117 King William St., a 0.7-acre parking lot, for $7 million ($10 million/acre).
In the news, 43- and 36-storey towers have been proposed in Stoney Creek, the Jamesville Lofts development sees new life, and there’s an update on Oracle Condos, Coletara’s Main and Queen St. development.
The GHA Sales Transaction Database offers you this week’s CRE transaction activity.
43 and 36-Storey Towers Submitted for 8 Shoreview Place in Stoney Creek
The Public Record, February 5, 2023
Another residential high-rise bringing density downtown
The Hamilton Spectator, February 4, 2023
Construction resumes on momentarily defunct Jamesville Lofts development
The Hamilton Spectator, February 6, 2023
Investors own big chunk of Ontario’s condo market
The Globe & Mail, February 3, 2023
CIBC: Higher interest rates here to stay until 2024
The Financial Post, February 4, 2023
Canadian hiring spree puts pressure on BoC
The Globe & Mail, February 10, 2023
Pair of Kitchener heritage buildings to be incorporated in development
The Record, February 10, 2023
Pent up demand for housing is growing
The Toronto Star, February 11, 2023
Here’s an excellent opportunity for business owners who want to move into one of Brantford’s fastest-growing areas!
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