Distressed Real Estate
- Who To Contact
- Recent Developments
Aird & Berlis is dedicated to helping clients navigate their way through distressed real estate situations. Our Distressed Real Estate Team has a wealth of experience in successfully guiding clients through multiple real estate market cycles and uncertain economic conditions. We take a multi-disciplinary approach to distressed situations in collaboration with members of the firm’s Real Estate, Financial Services, Insolvency and Restructuring, Tax, Litigation and Construction Groups.
We provide effective and practical legal advice when our clients are faced with challenging circumstances. Our team proficiently manages the full spectrum of enforcement and restructuring proceedings, which include powers of sale, foreclosures, receiverships, proceedings under the CCAA and the BIA and informal restructurings and workouts. Our team will guide you through distressed real estate situations such as construction liens, lease termination, landlord distraint, and the realization of security for landlords and tenants.
We provide leading legal expertise to a broad spectrum of secured real estate lenders, including banks, trust companies, insurance companies, credit unions and private lenders. We act for developers, project owners, construction companies, landlords and tenants who are facing real estate-related distress. We are also counsel to court officers, such as receivers, monitors, proposal trustees and mortgage servicers, in connection with real estate-related restructuring and recovery proceedings.
Our scope of work ranges in size and complexity from single properties to portfolios valued at hundreds of millions of dollars. Aird & Berlis has played a major role in many fundamental restructurings of debt for troubled office and industrial buildings, hotels, resorts, shopping centers, residential developments and condominiums. Some of our matters are now considered precedents in the area of insolvency law.
When the real estate market experiences periods of significant disruption, you can trust Aird & Berlis to provide strategic advice on the challenges that arise with it.
ArticleOn October 18, 2023, many were surprised to hear that The One, a monster development at 1 Bloor St. West in Toronto, had been placed into receivership.
PublicationThe Spring 2013 edition of the Aird & Berlis LLP Real Estate Law newsletter provides insight into a variety of real estate law issues. The topics covered include: Mixed Use Developments and S...