TBG’s Listing Round Up

October 20, 2016

Here are the latest listings from us (Oct 17 – 21st):

266 King Avenue East, Newcastle
Feature Sheet 

266-king-avenue-east-newcastle

  • Newcastle is a community in the Municipality of Clarington in Durham Region, Ontario, Canada.
  • Newcastle is located about 80 km east of Toronto, and about 18 km east of Oshawa and Bowmanville on Highway 401. It is also the southern terminus of Highway 35 and Highway 115.
  • Rapidly developing area with new residential communities in development.
  • New retail/commercial project in the heart of Newcastle.
  • High-traffic zone.
  • Great exposure, access and parking.
  • Ideal for all retail/commercial/institutional uses, including, but not limited to, restaurant, service, medical, retail, schools, offices.
  • For more information, please call The Behar Group Realty Inc., Brokerage’s sales representatives, Justin Pearlstein (extension 250, jpearlstein@thebehargroup.com), Matthew Goldsman, Manager of Sales and Leasing (extension 225, mgoldsman@thebehargroup.com) or Michael J. Saperia, Senior Vice President and broker (extension 229, msaperia@thebehargroup.com) at 416-636-8898.

861-863 St. Clair Avenue West, Toronto
Feature Sheet

861-st-clair-ave-west-toronto

  • Rare opportunity to lease a prominent corner in the trendy and high-traffic St. Clair Avenue West neighbourhood.
  • Highly visible signage opportunities including pylon signage.
  • Surface parking available and St. Clair streetcar stop at your door.
  • Ideal for retail, restaurant, service or professional office.
  • For more information, please call The Behar Group Realty Inc., Brokerage’s sales representative, Rami Kozman (extension 245, rkozman@thebehargroup.com) at 416-636-8898.

129 & 131-133 Danforth Avenue,Toronto
Feature Sheet 

129-131-133-danforth-avenue-toronto

  • Prime Danforth retail space.
  • Currently operating as a medical clinic.
  • Two doors over from The Danforth Music Hall.
  • Located on the Bloor/Danforth subway line with TTC access at street level.
  • Ample street and area parking with a Green P lot around the corner.
  • Situated among strong independent/national tenants and a strong residential community.
  • Both spaces can be divided to meet the needs of smaller tenants.
  • For more information, please call The Behar Group Realty Inc., Brokerage’s sales representative, Daniel Gangbar (extention 231), dgangbar@thebehargroup.com) at 416-636-8898.

30 Kern Road, Toronto
Feature Sheet

30-kern-road-toronto

  • First class prestigious office space, located in prime Don Mills Rd. / York Mills Rd. area.
  • Easy access to Hwys. 401 and 404 and Sheppard Subway.
  • Ample free parking.
  • Close to restaurants.
  • Ideally suited for professional office.
  • For more information please call The BeharGroup Realty Inc., Brokerage’s sales representative Robert Eklove (extention 224, reklove@thebehargroup.com) or Greg Evans, Executive Vice President and Broker (extension 230, gevans@thebehargroup.com) at 416-636-8898.

Tiny Hoppers – Immediate Lease Requirement
Feature Sheet

tiny-hoppers

Tiny Hoppers is an international company providing quality child care. They have locations in the Greater Ottawa Area, Eastern Canada, Western Canada and Saudi Arabia.

Requirements:

  • Searching for locations throughout Ontario.
  • 3,500 – 7,000 square feet.
  • Outdoor play area of 2,500 – 4,500 square feet (must be adjacent to the building and provide direct access).
  • Standalone unit/pad or an end unit to maximize number of windows.
  • Centre and outdoor play area can be on first or second floor (with elevator).
  • Located within high-density corporate sites, office buildings, business parks, hospitals, or in middle to upper class residential communities with a neighbourhood plaza, and a mix of row homes, town homes and single family homes (usually new construction and developing communities
  • For inquiries, please call The Behar Group Realty Inc., Brokerage’s sales representatives Kelly Farraj, Director of Tenant Services (extension 249, kfarraj@thebehargroup.com) or Lily Masters, Manager of Sales and Leasing (extension 239, lmasters@thebehargroup.com) at 416.636.8898.

Craft Chippery – Immediate Lease Requirement
Feature Sheet
craft-chippery

Fresh chips and snacks prepared fresh on-site daily using healthy and high quality ingredients such as sunflower oil and local non-GMO potatoes Unique and premium array of products, including a variety of chips (eg. sweet potato, taro, cassava, plantain, nacho), puff products (eg. onion rings, pork rinds, shrimp crackers), dips and beverages Cooked and packaged in front of the customer to create a fun and theatrical experience Offering take-out, eat-in (optional), catering, gift baskets, custom orders and seasonal promotions.

Site Requirements:

  • Targeting GTA sites with high traffic and visibility.
  • 500—1,000 square feet.
  • Mall, plaza and street front.
  • Ventilation required.
  • For inquiries, please call The Behar Group Realty Inc., Brokerage’s sales representative Rami Kozman (extension 245, rkozman@thebehargroup.com) at 416.636.8898.

 

 

 

 

 

 

Avi Behar’s September Hike To The Office #CityResolve

October 14, 2016

Our new series, Get to know your Behar broker/sales rep, has launched!

September 27, 2016

Potbelly Sandwich Shop Comes To Canada

September 7, 2016

potbelyl

We are excited to announce that our client, Halsted Hospitality Ltd, who is the exclusive franchisee and operator for Potbelly Sandwich Shop in Canada, will be opening their first and flagship location in Toronto this October at 83 Yonge Street (at King).

“Potbelly will bring a bold new flavour to the Toronto sandwich market by offering delicious and classic sandwiches prepared quickly by a friendly staff, all in a warm and inviting environment,” said David Kozman, President of Halsted Hospitality Ltd.

Potbelly Sandwich Shop is a fast casual restaurant chain with over 400 locations across the United States, the Middle East and the United Kingdom. They serve warm and toasty classic sandwiches with high quality ingredients, as well as salads, soups, cookies, hand-scooped shakes, cold beer and a full breakfast program.  Potbelly’s promise is to provide its customers with fresh food, delivered fast by a friendly staff.

“We are thrilled about the opportunity to be working with Potbelly to open up stores in Canada.” said Greg Evans, Executive Vice President at The Behar Group Realty brokerage. “Their story, food, promise and commitment to corporate responsibility are just a few of the many reasons why we are happy to be working with them.”

Another major piece of the brand Potbelly brand is their welcoming environment, with the décor of each store reflecting the local community and history.  Each Potbelly shop also has a local musician playing acoustic guitar a couple of hours a day.

Another Potbelly location will be opening at 180 Bloor Street West (across from the Royal Ontario Museum) in January 2017.


 

To learn more about The Behar Group – check out our corporate profile.

For more information on Potbelly Sandwich Shop® visit, www.potbelly.ca.

Vendor vs. Purchaser: How to get the Upper-Hand in a Commercial Real Estate Negotiation

August 26, 2016

By: Aaron Grinhaus and Ardalan Ghassemi

Negotiating a commercial real estate deal is both a battle of guts and a battle of wits.  The addition or subtraction of one dollar or one condition can make the difference between a good deal and a bad deal for your client. There are a myriad of issues that arise during a commercial real estate transaction that are not usually dealt with in a residential transaction. The following are a few of the negotiation points that can add value for your clients and give you an edge in helping them negotiate a deal:

Price: Most deals come down to one important question: how much?! But what happens when there is no movement on the price? Generally, agreements will give the purchaser a chance to satisfy themselves as to the physical and financial conditions of a property during a due diligence period. The due diligence period is also a useful time to satisfy, or even eliminate, unnecessary conditions to make the deal more palatable and to give more bargaining power when discussing price. In addition, certain corporate structures require the approval of the purchase or sale price by the board of directors of the corporation before they are able to buy or sell. Front-end investigation of the corporate structures of both parties avoids costly delays and hurried decisions weeks or days (or sometimes hours!) before closing. The party who is more prepared usually comes out ahead in the deal.

Income Tax: So what happens if the price is a deal breaker? Commercial transactions often allow flexibility in allocating the type of income received. Things like HST, capital gains/income tax, etc. are often malleable when an expert in tax structuring is involved. Parties can save hundreds of thousands just by putting the right paperwork in order.

The purchaser should endeavor to negotiate the allocation of more of their purchase price towards the assets of the commercial deal (in a deal only involving real estate, the building on the property would be the biggest asset) since allocation of the purchase price to the building allows the purchaser to claim an annual capital cost deduction on the depreciation of the capital asset.

The vendor, on the other hand, if structured properly, should be negotiating a sale of shares in a holding corporation rather than a sale of assets from the corporation.

Harmonized Sales Tax (HST): HST is applied to a large number of commercial real estate deals and should be addressed in the agreement of purchase and sale; the APS should spell out whether HST is included in, or in addition to, the purchase price.

With proper advice, if both the purchaser and the vendor are HST registrants, they may elect to offset their HST obligations in order to avoid the tax altogether. However, this can put the vendor at risk: if the purchaser doesn’t pay, the tax authorities will move their target onto the vendor. To protect against this the vendor should have legal counsel knowledgeable in the area of tax and real estate in order to maximize the benefit and minimize the risks.

The negotiation process behind a commercial real estate transaction extends beyond price, location, and other classic real estate metrics. The team at Grinhaus Law Firm is uniquely equipped to solve problems and save deals by mitigating risk, negotiating flexible and creative terms, and maximizing tax benefits.  Please feel free to call or email, realtors® receive a free consultation.

Aaron

Grinhaus Law Firm is a boutique business, estates, tax and real estate law firm located in mid-town Toronto.