
Real Estate
- Overview
- Who To Contact
- Representative Matters
- Recent Developments
Overview
With one of the largest real estate practice groups in the GTA, Aird & Berlis has the breadth and depth of experience to handle any real estate deal.
Our Real Estate Group assists clients with the purchase, sale and development of real property, leasing transactions and all types of real estate financing. We have extensive experience representing clients involved in the development, construction and management of office buildings, hotels, residential and commercial condominiums, residential rental projects, retirement homes and shopping centres. Our experience extends to infrastructure planning, financing and procurement.
We have acted on behalf of both public entities and private developers in structuring and implementing transactions involving public-private partnerships (P3) for infrastructure and we understand the policy, political and institutional issues involved.
Serving our real estate clients requires a multidisciplinary approach. Our real estate lawyers draw on the expertise of other firm professionals to give our clients the range of advice needed to successfully complete their real estate joint ventures and syndications, financings, reorganizations, financial workouts and environmental assessments.
Our Real Estate Group is a recognized leader in Canada. Developers of commercial, institutional, residential and industrial real estate, Canadian and international real property investors and providers of financing, construction services and property management have all benefited from our counsel.
We specialize in a number of areas of real estate law, including:
Development
Our group has had extensive experience in land development, from rural land to urban redevelopment and intensification. With the extensive involvement of our Municipal & Land Use Planning Group, we work with our clients in developing residential subdivisions, commercial developments and redevelopments, industrial subdivisions and condominium developments, both in an urban and a suburban context. We understand the development and planning approvals processes and we can help our clients navigate through it.
Construction
Our group acts for contractors, architects, land developers and builders, which allows us to see construction from all sides. We have extensive experience in CCDC and RAIC contracts. We are also involved in construction lien litigation. We ensure that construction issues as they arise are handled quickly and effectively.
Acquisitions
We have been involved in acquisitions from coast to coast, of all asset classes, including office, retail, industrial, multifamily, raw land, institutional, government and specialty assets such as hotels, refineries and manufacturing plants. We have done single assets and large portfolios. In each case, we bring a sophisticated and in-depth understanding of conveyancing and real estate due diligence matters, and can assure our clients that the property title as acquired meets their objectives and expectations.
Financings
We act for many major lenders and borrowers throughout Canada. We have been involved in everything from simple first mortgage financings to sophisticated mezzanine deals, bonds and commercial backed mortgage security issues. Our lawyers have extensive experience in mortgage enforcement and restructuring, and remedies such as power of sale, foreclosure and actions on the covenant. We are able to offer our clients the strategic advice necessary to ensure a smooth financing transaction.
Dispositions
We have assisted clients in the disposition of real estate assets by various means, including sale through a broker and by auction. In each case, we take care that the disposition is handled expeditiously, with the client’s objectives in mind, while attempting to eliminate any residual risk or liability. We are focused on getting our clients the disposition proceeds as quickly and as cleanly as possible.
Who We Help
Our clients include all participants in the real estate sector, from contractors to architects, land developers, builders and public sector entities.
Contacts
-
BioFull bio
A distinguished legal expert in commercial leasing, Monty is dedicated to fostering dynamic partnerships with his clients.
Group Members
Representative Matters
-
Choice Properties and Loblaw to develop 1.2 million square foot GTA distribution centre
Choice Properties Real Estate Investment Trust ("Choice Properties") exercised its equity conversion right from Rice Group to acquire a 75% ownership interest in 154 developable acres of industrial la... -
KIN Capital’s New Equity Arm Makes Debut Investment
KIN Capital Partners Inc.’s (“KIN”) new equity platform with Israeli-based Mivtach Shamir Holdings Ltd. (“MISH”) made its debut investment in an 11.6 acre site at 3300 Rutherford Road in Vaughan. The ... -
Allied Properties REIT Acquires Urban Office Portfolio for $794 Million
On March 31, 2022, Allied Properties Real Estate Investment Trust, a leading operator of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, completed... -
Hullmark and First Capital REIT Grow Portfolio With Latest Closing
Hullmark and First Capital REIT completed the closing of 102 Atlantic Avenue in Toronto, Ontario. -
Fengate Asset Management Completes Purchase of Land in GTA
Fengate Asset Management completed the purchase of approximately 49 acres of land in the Greater Toronto Area. -
Forest Gate Completes Acquisition of Two Toronto Properties
Forest Gate Advisors Inc. completed the acquisition of 189 Cedarvale Avenue and 4875 Dundas Street West. The Toronto-based properties collectively comprise 134 apartment units. -
Allied Properties REIT Completes $500 Million Green Bond Offering
Allied Properties Real Estate Investment Trust recently completed a $500 million debt offering of 3.095% series I senior unsecured debentures. The Series I Debentures are Allied’s second Green Bond is... -
Fengate Asset Management Completes Sale of its Legacy Portfolio
Fengate Asset Management completed the sale of its legacy portfolio of industrial properties located across Hamilton, Burlington and Stoney Creek, Ontario. -
Aird & Berlis Advises in $115 Million Sale
Aird & Berlis advised Northam Realty Advisors Limited on its $115 million sale of twin office buildings located in the Greater Toronto Area. -
Fengate Asset Management Closes Construction Financing
Fengate Asset Management secured construction financing for the development of a 230,000 square-foot industrial building located in the Greater Toronto Area.
Recent Developments
-
Firm News
Aird & Berlis Welcomes Nine New Partners
Aird & Berlis is pleased to announce that Meaghan Barrett, Jacob Brown, Holly Cunliffe, Alex Kagan, Amy Marcen-Gaudaur, Dasha Peregoudova, Stefan Radovanovich, Russell Sanders and Leah Silber have bec... -
Article
British Columbia Introduces Statutory Cooling-Off Period for Residential Property Contracts
In an effort to both curb a hot residential market and protect purchasers, British Columbia has implemented a three-day cooling-off period for buyers who have signed contracts of purchase and sale for... -
Article
New Year, New Details: Canadian Regulations Banning Foreign Home Buyers Released
On December 21, 2022, the Canadian federal government released the Prohibition on the Purchase of Residential Property by Non-Canadians Regulations made pursuant to Section 8 of the recently enacted P... -
Article
Toronto Vacant Home Tax Occupancy Declarations Due Before February 2, 2023
All residential property owners in Toronto are required to declare the occupancy status of their property or properties, even if the property is occupied. The City of Toronto has sent yellow notices b... -
Article
More Homes Built Faster Act, 2022 Receives Royal Assent: A Quick Guide to What’s in Force
This article summarizes the key amendments that were passed by the legislature, with a focus on the amendments that will impact development stakeholders in the Greater Toronto and Hamilton Area the mo... -
Firm News
Aird & Berlis Named One of Canada’s Best Law Firms 2023 by The Globe and Mail
Aird & Berlis is pleased to announce its inclusion in The Globe and Mail’s Canada’s Best Law Firms 2023 list. For a second year, The Globe and Mail's Report on Business magazine partnered with Statist... -
Article
Canada’s Prohibition on Foreign Home Buyers Knocking on the Door
Canada’s Parliament recently passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which has prohibited the purchasing of residential real estate by non-residents, direc... -
Article
More Homes Built Faster Act, 2022 Proposes Significant Changes to Legislation
Bill 23 will be subject to committee review and further readings by the legislature and may be amended through that process. However, many of these proposed legislative changes are highly consequentia... -
Firm News
2022 Edition of Doing Business in Canada Now Available!
Aird & Berlis is pleased to present the 2022 edition of Doing Business in Canada. This publication was developed to provide a general overview of Canadian federal and Ontario law, and is intended for ... -
Firm News
Aird & Berlis Recognized in Chambers Canada 2023
Aird & Berlis is pleased to announce its inclusion in the 2023 edition of the Chambers Canada Legal Guide. The firm was recognized as a leader across seven different practice areas. Twenty of the firm... -
Article
What's Fair When Terminating a Commercial Lease? The Court of Appeal's Diverging Views in Bennett Law Chambers Professional Corporation v. Camcentre Holdings Inc., 2022 ONCA 658
On September 22, 2022, the Ontario Court of Appeal revisited the interpretation of termination notice provisions under commercial leases. The case highlights the importance for commercial leasing part... -
Article
Client Advisory on New Condominium Interest Rate Change, Effective January 1, 2023
Section 1 of Ontario Regulation 450/22 (which comes into force on January 1, 2023) introduces a new reference rate which will change the prescribed rate of interest payable under Section 82(1) of the ... -
Article
Can a Mortgagee Receive Accelerated Interest Upon the Repayment of a Closed Mortgage That Is in Default?
The Court of Appeal for Ontario recently confirmed that there is no standalone “established common law entitlement” allowing a mortgagee to claim accelerated interest on a closed mortgage when the mor... -
Event
Condominium Development in Ontario: Legislative Updates, Best Practices and Market Trends
- 11:15 AMGain insight into condominium development in the current marketplace and what to expect in the future. -
Firm News
Aird & Berlis Welcomes New Partner Kristian N. Arciaga
We are pleased to announce that Kristian N. Arciaga has joined the firm as a partner and member of our Real Estate Group. -
Firm News
88 Aird & Berlis Lawyers Recognized in The Best Lawyers in Canada 2023
Aird & Berlis is proud to announce that 88 members of the firm were selected by their peers for inclusion in the 2023 edition of The Best Lawyers in Canada. The firm is recognized across 43 practice ...