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DECEMBER 2009 |
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Headlines:
As reported in the Wall Street Journal on October 25, 2009, Solicitors
Neill Kalvin and
Peggy Spadafora and one of our senior law clerks,
Helen Wright, recently acted on the sale of 151 Front Street West and 20 York Street, Toronto on behalf of funds managed by Hamburg-based MPC Münchmeyer Petersen Real Estate Consulting GmbH and its Canadian advisor, Northam Realty Advisors Limited, to Allied Properties REIT for a sale price of $180,000,000. The transaction, which was completed on October 28, 2009, is the second largest commercial real estate deal completed in Canada this year. Click here ► to read the Wall Street Journal article for more information. |
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A number of our lawyers at Robins Appleby & Taub LLP contributed three chapters to the recently published "Shopping Centre Leases", Second Edition, edited by Harvey Haber, Q.C. The first edition was considered the seminal authority on commercial leasing law in the Canadian legal community. This new edition is expected to take the place of the original as the leading text in the commercial leasing area. |
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The 1 Bloor Street East project made headlines early on for the changes it would make to the city’s skyline. However, no one expected the project to be precedent setting from a legal perspective even before ground was broken. Acting for One Bloor Street East Limited, Leor Margulies and Sheldon Goodman, co-chairs of the Real Estate Investment Advisory Group of Robins Appleby & Taub LLP, known as BRIDGE, successfully negotiated and completed its sale to an affiliate of Great Gulf Homes on September 16, 2009. They did so in the face of aggressive and creative enforcement proceedings commenced by the first mortgagee. For more background information click here ► Check out the BRIDGE blog site for regular insightful updates on this transaction and other commentary on real estate lending and development issues. |
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 Notwithstanding rising stock markets, a strong Canadian dollar and robust new and resale figures for homes, real estate financing continues to be challenging. In particular, land financing for the past year has and will continue to be a challenge for all real estate investors and developers. Read Sheldon Goodman's article in the Ontario Home Builder Fall 2009 Edition and his thoughts about the liquidity challenges for developers and how they might be overcome. Click here for the link ► |
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We are happy to introduce the newest talent at our firm. Dominique, Robert, Wesley and Michael are all making themselves comfortable in their new positions. They add great depth to our taxation, litigation, real estate and business law divisions. 
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On November 4 our firm once again hosted the Robins Appleby & Taub World Invitational Clubbish Tournament. It was certainly the greatest success yet. We had 100 players in the Masters division, 20 players in the Novice division and another 60 drinkers eaters and schmoozers. The overall champs (but in a very tight race with the top nine teams) were Al Mintz and Abe Blankenstein repeating their victory of a few years ago. The winner of the Novice division was the young team of Errol Tenenbaum and Ben Zeidenberg. The results and photos of the event will soon be posted on our website. |
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