ICSC Toronto 2016

August 25, 2016

We will be at The International Council of Shoppings Centres’ (ICSC) conference  in Toronto from Sept 19-21st this year, again!

Stop by our booth or schedule an appointment with one of our representatives.

Don’t forget to check out our listings and tenant clients.

Founded in 1957, ICSC is the global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include shopping center owners, developers, managers, investors, retailers, brokers, academics, and public officials.

Protecting Against Marijuana Grow-Ops

August 16, 2016

By: Zack Silverberg, Associate Lawyer at Landy Marr Kats LLP 

The recently elected Liberal government has pledged to legalize marijuana as a recreational drug useable by adult Canadians. As rumours swirl around what regulation surrounding production is going to look like, when looking to purchase a property, it is critical that investigations take place prior to closing with regards to the property (residential and commercial) and its potential history as a Illegal marijuana grow-operation (“grow-op”).

Illegal marijuana grow-operations are often hidden in residential homes or commercial buildings and can go on for years without detection by law enforcement. When operating in residential or commercial properties, grow-ops can significantly damage the property’s future resale value and the physical structures themselves.

Potential Damage to Properties

Grow-Ops are notorious for circumventing electricity monitoring in an attempt to avoid detection by the police for high electrical usage (required to grow plants indoors with bright lights). In order to circumvent the hydro boxes and tap directly into the electrical lines, often these grow-ops drill through foundations to access the direct electrical inputs from the grid.

Another common detection method for grow-ops is a lack of (or less) snow on the roof of a property as compared to neighbours. This indicates a larger heat signature emanating from the property and is also often caused by the excess lighting required to grow plants.

A small grow-op in a home might only function in the basement but larger scale operations have been known to fill every inch of a property with plants. There is a serious additional risk of mould developing in the walls, ceilings, attic, etc. resulting from the high moisture environment required for marijuana.

Additionally, as a result of the physical damage and potentially latent mould damage (if not properly remediated), there is often also stigma attached to properties with a storied past – especially if the properties were mentioned in the news.

Protecting Your Investment

When looking at a property, it is critical to make the proper inquiries with regards to the history of a property. Reasonable steps might include Google searches for the property’s address to ascertain if it was in the news for a drug bust, instructing inspectors to check for mould, electrical issues, and holes or cracks in foundations, along with the typical inspection points.

(Note: many inspectors attempt to exclude liability for such inspections in their contracts for inspection. This is something to be aware of and to discuss with potential inspectors when interviewing them.)

Another effective means of mitigating against risk is to inquire with the local police department, if timing permits within the closing period, as to whether or not there were any warrants.

Although vendors ought to disclose the past existence of a grow-op on the property and inquiries of the vendor should be made, these steps will help to lower (though will not eliminate) the risk of your potential investments going up in smoke.

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The Toronto lawyers at Landy Marr Kats LLP have the legal experience, skill and expertise in civil litigation that clients need and can afford. Disability and insurance claims, automobile, personal injury, accident claims, class actions, employment law, wrongful dismissal claims, real estate litigation, commercial and shareholder/business disputes, mortgage enforcement, condominium litigation, construction lien and commercial tenancy disputes are examples of the depth and variety of civil litigation matters successfully handled by the lawyers of Landy Marr Kats LLP.

Yosi Behar is enjoying life in the fast lane

August 5, 2016

This past June, Yosi was invited by his long-time friend and business partner, Dr. Sylvester Chuang (Three Point Motors), to attend the grand opening of the Vancouver Island Motorsport Circuit – considered to be Canada’s first motorsport-themed country club.

“It was over the top and absolutely amazing,” said Yosi after visiting the circuit and country club. “The detail, the accommodation…everything imaginable was there.”

The car dealer group’s year-round resort includes a 15,000 square-foot, two-storey building that houses a clubhouse, presentation centre, observation deck and four pit garages.

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Yosi and other guests were treated to facility tours, on-track experiences and the opportunity to view a showcase of classic and modern motorcycles and automobiles.

Award winning songwriter and producer, David Foster flew in as well for the opening to pay tribute to his cousin, the late Billy Foster, who became the first Canadian ever to race in the Indianapolis 500. Nearly 50 years since Billy’s passing, the Victoria-born race car driver’s spirit was alive at the new track that day.

Yosi’s reaction after his roaring weekend?

“It was one of the most incredible places that I’ve ever seen. I’m looking forward to going back again soon.”

Upon Yosi’s return from the BC track, he remains involved in the automotive industry and continues to advise and coordinate numerous transactions with companies like Volvo Canada, Volkswagen, Lexus/Toyota, Honda, BMW, Mercedes Benz and others.

Life is so fast, so why drive slowly?

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Welcoming our newest sales representative

August 5, 2016

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We want to welcome Meshesha Robel, our newest sales representative, to The Behar Group.

Meshesha, born and raised in Toronto, was a mortgage agent prior to joining The Behar Group four months ago. A real estate investor since his early twenties, he studied construction engineering at George Brown College.

What does he love most about his career? “I enjoy building clients value on a consistent and ongoing basis.”

How did he find out about The Behar Group? “Anyone looking for commercial real estate knows The Behar Group. I knew about their positive reputation in the real estate industry and all of their values (e.g. honesty, hands-on approach) align with mine.”

Fun facts about Meshesha:

  1. Favourite place you’ve ever travelled to?

“Italy! Everything is absolutely beautiful. The food is great, the scenery is amazing.”

  1. What’s one thing you can’t live without?

“Coffee!”

  1. What’s your favourite place in Toronto?

“King West. It’s a great area with lots of restaurants and a good after-work atmosphere.”

  1. What is one motto that you live by?

“Be honest.”

  1. What’s one fun fact about you that we don’t already know?

“I used to be a boxer, for about eight years…and I’m a serious poker player, really into it.”

To learn more about Meshesha and to see his current listings, visit: http://www.prebuiltcondos.com/

 

Staying relevant in the real estate world

August 5, 2016

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The real estate and development world isn’t new to me. What is new is the plethora of online content created DAILY for brokers, sales reps, landlords and tenants to absorb. There is so much information out there, that at times it becomes overwhelming to sift through. Well, today your lucky stars have aligned, because as a communications professional, I did a bit of the dirty work for you.

Inspired by commercial real estate writer, Duke Long and his list of top commercial real estate blogs you must read, I’ve put together a list for you of my favourite ones, along with a description of each.

You might be thinking, why is this even important Jen? I don’t have time to read this when all I want to do is help clients.

My response is simple: when working in the field, it’s important to know the latest news in your industry in order to stay relevant to further assist your clients’ wants and needs.

Top blogs (other than Duke Long’s…)

  1. Michael Beckerman

“I’m obsessed with anything related to content marketing. Equally passionate about all things real estate tech.”

  1. CRE Tech

“Technology is changing the commercial real estate business… we will help you uncover the value propositions of emerging technologies and how they align with the needs of your property stakeholders and tenants”

  1. Urban Land Magazine

“Information from your peers and colleagues in real estate and land use”

  1. The Broker List

“Opt-in way to unite CRE organizations and the affiliated members”

  1. Coy Davidson (The Tennant Advisor)

“Commercial real estate professional who has an interest in tech and economics”  

  1. The Source, A commercial real estate blog

“Voice of The National Association of Realtors. We discuss advocacy, education, research, tech and networking”

  1. Allen C. Buchanan

“Blogs, Vlogs and gives advice for owners and occupants”

  1. Box Thoughts

“My main goal for the site is to focus my thoughts around everything that is Corporate/Commercial Real Estate”

Now that I’ve given you my favourite CRE blogs, here’s my advice moving forward: READ THEM.

Reach out to a few of the founders and writers. Offer to write an article, or two, on a topic you’re passionate about. Perhaps, a “day in the life of a broker” piece, or an article on “the importance of networking.” Writing will help get your name out there, which will help you to establish yourself further as a professional in the real estate world.

Happy reading. Happy writing.

Are there any blogs that aren’t on my list that you follow regularly? Let me know by emailing me at jarmel@thebehargroup.com.