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


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.


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

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.