Guide to the World's Leading Real Estate Lawyers - McCarthy Tétrault
Guide to the World's Leading Real Estate Lawyers - McCarthy Tétrault
Guide to the World's Leading Real Estate Lawyers - McCarthy Tétrault
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Legal Media Group<br />
<strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong><br />
REAL ESTATE<br />
LAWYERS<br />
www.expertguides.com
Methodology<br />
Legal Media Group was <strong>the</strong> first <strong>to</strong> publish international guides <strong>to</strong> individual lawyers<br />
in 1994 and this 2004 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong> contains only<br />
individuals nominated by clients and peers as leading advisers in <strong>the</strong> field. The guides<br />
are designed primarily for individuals who require access <strong>to</strong> pre-eminent practitioners<br />
in specific areas of law for <strong>the</strong> purpose of instruction on an international basis.<br />
To ensure <strong>the</strong> credibility of this publication, Legal Media Group commissioned its<br />
research department <strong>to</strong> carry out an in-depth study of experts in <strong>the</strong> field of real estate law.<br />
The initial stage of <strong>the</strong> research process involved distributing 3,600 questionnaires <strong>to</strong><br />
senior practitioners or in-house counsel involved in <strong>the</strong> practice area in 66<br />
jurisdictions. The questionnaires asked leading figures <strong>to</strong> nominate those practitioners<br />
<strong>the</strong>y considered <strong>to</strong> be among <strong>the</strong> most capable for real estate work. The results were<br />
analyzed and screened for firm, network and alliance bias.<br />
As a final verification, <strong>the</strong> list was discussed with a select group of advisers from leading<br />
legal centres worldwide, including: Chicago, London, Los Angeles, Montreal, New York,<br />
Paris, San Francisco, Sydney, Tokyo, Toron<strong>to</strong>, Vancouver, Vienna and Washing<strong>to</strong>n DC.<br />
At <strong>the</strong> culmination of this process <strong>the</strong> researchers had identified 411 specialists in 30<br />
jurisdictions. Once nominated, each individual was invited <strong>to</strong> enhance <strong>the</strong>ir<br />
complimentary listing by publishing a professional biography. Those submitting<br />
biographies were encouraged <strong>to</strong> provide information that would be of particular<br />
interest <strong>to</strong> clients. Where professional etiquette permitted, details of notable clients<br />
and cases were requested.<br />
The <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong> is designed <strong>to</strong> act as an adjunct <strong>to</strong><br />
traditional sources of opinion on experts in this field. The guide owes its value <strong>to</strong> <strong>the</strong><br />
many individuals who <strong>to</strong>ok <strong>the</strong> time <strong>to</strong> complete questionnaires and meet our<br />
researchers. Their help is much appreciated.<br />
Sean Müller<br />
Research manager<br />
2 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong>
Canada<br />
Canadian real estate: demand<br />
seems unending<br />
Gordon S Sa<strong>to</strong> (<strong>to</strong>p)<br />
and Danny C Grandilli<br />
<strong>McCarthy</strong> Tétrault LLP<br />
Toron<strong>to</strong><br />
Many of <strong>the</strong> obvious developments in <strong>the</strong> Canadian real<br />
estate market are due <strong>to</strong> <strong>the</strong> unparalleled demand by domestic<br />
and international inves<strong>to</strong>rs for Canadian real estate.<br />
First, <strong>the</strong> changed focused from real estate operating<br />
companies <strong>to</strong> real estate investment trusts (Reits) has<br />
continued. Inves<strong>to</strong>rs have not been as inclined <strong>to</strong> acquire<br />
shares in, or <strong>to</strong> encourage <strong>the</strong> creation of, new public real<br />
estate companies. As a result, <strong>the</strong>re are far fewer substantial<br />
public real estate companies <strong>to</strong>day than in <strong>the</strong> past, largely<br />
due <strong>to</strong> <strong>the</strong> appetite of inves<strong>to</strong>rs for Reits. The combination<br />
of <strong>the</strong> public listing of Reits and <strong>the</strong> direct tax advantage <strong>the</strong>y<br />
offer <strong>to</strong> inves<strong>to</strong>rs has spurred <strong>the</strong> creation of additional Reits,<br />
some by way of IPOs and o<strong>the</strong>rs by way of conversion from<br />
operating companies. In fact, large portfolios of real estate<br />
have been marketed and sold en bloc with <strong>the</strong> specific intent<br />
of allowing purchasers <strong>to</strong> convert <strong>the</strong>ir newly acquired<br />
portfolios in<strong>to</strong> Reits. This change in focus during <strong>the</strong> past<br />
two years has been tangible – <strong>the</strong> deal lists have been<br />
dominated by Reits.<br />
The demand for Canadian real estate has also led <strong>to</strong> <strong>the</strong><br />
increased presence of private equity funds. These funds have<br />
traditionally been associated with pension fund vehicles, but<br />
<strong>the</strong> most recent trend has involved creation of private funds<br />
that take advantage of <strong>the</strong> inclination of inves<strong>to</strong>rs such as<br />
endowment funds, high-net-worth individuals and smaller<br />
pension funds <strong>to</strong> participate in real estate investment without<br />
owning assets directly. For o<strong>the</strong>r inves<strong>to</strong>rs, participation in private equity funds avoids <strong>the</strong><br />
capital market risks of Reits and allows diversification within <strong>the</strong> real estate asset class.<br />
Ano<strong>the</strong>r readily identifiable trend is <strong>the</strong> presence, in significant transactions, of<br />
international inves<strong>to</strong>rs, particularly those from Germany and Israel. In <strong>the</strong> last two<br />
years, inves<strong>to</strong>rs from <strong>the</strong>se countries have allocated funds <strong>to</strong> acquiring Canadian real<br />
estate and have been remarkably successful in bidding wars over high-profile<br />
properties. They have taken advantage of his<strong>to</strong>rically low interest rates <strong>to</strong> leverage<br />
<strong>the</strong>ir acquisitions <strong>to</strong> provide a rate of return acceptable <strong>to</strong> <strong>the</strong>ir overseas inves<strong>to</strong>rs.<br />
Pension funds continue <strong>to</strong> be substantial inves<strong>to</strong>rs. This is nothing new; however, while<br />
it is arguable that pension funds may have initially viewed <strong>the</strong> increased bidding and prices<br />
offered for Canadian real estate from o<strong>the</strong>r inves<strong>to</strong>rs as irrational, that view, if it ever<br />
existed, quickly changed and pension funds once again demonstrated <strong>the</strong>ir financial clout.<br />
The participation of Reits, private equity funds, offshore inves<strong>to</strong>rs and pension funds<br />
in <strong>the</strong> Canadian real estate market has made <strong>the</strong> market less parochial and more capital<br />
markets driven. As one senior commenta<strong>to</strong>r has noted, <strong>the</strong>re appears <strong>to</strong> be a new<br />
pricing paradigm for valuing real estate, which is not as irrational as some might have<br />
originally presumed.<br />
The last two years have been <strong>the</strong> most active for commercial mortgage-backed<br />
securities (CMBS) issuance. There have been 16 CMBS transactions for a <strong>to</strong>tal of CA<br />
$6.38 billion during this period, with 2004 seeing <strong>the</strong> largest single public issue of CA<br />
$580 million. There have also been new entrants in<strong>to</strong> this market. Most important,<br />
however, has been <strong>the</strong> rapid growth in <strong>the</strong> inves<strong>to</strong>r base for Canadian CMBS securities,<br />
as demonstrated by <strong>the</strong> AAA spreads over three back-<strong>to</strong>-back transactions in <strong>the</strong> fall of<br />
2004. In a competitive interest rate environment, <strong>the</strong> principal challenge for <strong>the</strong><br />
Canadian CMBS industry in 2005 will be <strong>the</strong> need for increased loan origination.<br />
15
Canada<br />
Not <strong>to</strong>o long ago, public private partnerships were seen as an area of investment with<br />
explosive potential, especially given <strong>the</strong> stated intention of federal and provincial<br />
governments <strong>to</strong> reduce debt and limit spending. Public private partnerships have<br />
continued <strong>to</strong> be bruited, but actual progress has been in fits and starts with some being<br />
withdrawn or restructured at <strong>the</strong> whims of local government. While all levels of<br />
government pay lip service <strong>to</strong> <strong>the</strong> concept, <strong>the</strong>re is currently not an unconditional<br />
government commitment <strong>to</strong> this financing model. Whe<strong>the</strong>r <strong>the</strong> increasingly<br />
recognized need <strong>to</strong> improve and upgrade urban infrastructure will lead <strong>to</strong> greater<br />
demonstrated commitment <strong>to</strong> public private partnerships remains <strong>to</strong> be seen.<br />
There is a trend evident by <strong>the</strong> adoption of legislation in certain jurisdictions (most<br />
recently Ontario) <strong>to</strong> encourage inves<strong>to</strong>rs <strong>to</strong> reclaim brownfield sites. Infilling<br />
throughout urban centres, most often for multiresidential uses, has also been<br />
encouraged. Inves<strong>to</strong>rs, weary of competing for properties, which attracts <strong>to</strong>o many<br />
bidders, have begun exploring <strong>the</strong> opportunities that may exist in creating value by<br />
developing brownfield sites and using technological advances <strong>to</strong> deal with any<br />
environmental contamination. Ontario is attempting <strong>to</strong> assist inves<strong>to</strong>rs by passing<br />
legislation that will aid inves<strong>to</strong>rs and <strong>the</strong>ir lenders in avoiding certain environmental<br />
liability associated with owning <strong>the</strong> sites, although it is arguable whe<strong>the</strong>r that has yet<br />
been achieved.<br />
A number of significant events have occurred but cannot be characterized yet as<br />
evidence of a trend:<br />
• <strong>the</strong> recent opening immediately north of Toron<strong>to</strong> of Vaughan Mills Centre, <strong>the</strong><br />
first enclosed shopping centre in memory;<br />
• <strong>the</strong> new-found interest of our cultural institutions, particularly in Toron<strong>to</strong>, in<br />
redevelopments with statement architecture and design; <strong>the</strong>re is no evidence yet<br />
that commercial developers will follow suit; and<br />
• <strong>the</strong> federal government’s announcement of preliminary plans <strong>to</strong> sell and lease back<br />
much of its real estate.<br />
Lastly, although it is true that <strong>the</strong> Canadian market has traditionally followed<br />
developments south of <strong>the</strong> border, <strong>the</strong>re are two domestic fac<strong>to</strong>rs that may have a<br />
significant impact on <strong>the</strong> Canadian real estate industry:<br />
• <strong>the</strong> murmurings of Canada’s central bank (and even more so, it seems, <strong>the</strong> US<br />
Federal Reserve chairman) as <strong>to</strong> fur<strong>the</strong>r interest rate increases, if turned in<strong>to</strong> reality,<br />
will have seismic effects on real estate equity yields; and<br />
• <strong>the</strong> recent rise in <strong>the</strong> value of <strong>the</strong> Canadian dollar against <strong>the</strong> US dollar, and<br />
forecasts as <strong>to</strong> its continued appreciation, will undoubtedly have a large impact on<br />
investment decisions.<br />
16 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong>
Canada<br />
Keith E Burrell<br />
<strong>McCarthy</strong> Tétrault LLP<br />
Pacific Centre, Suite 1300, 777 Dunsmuir Street<br />
PO Box 10424<br />
Vancouver, BC V7Y 1K2<br />
Canada<br />
Tel: (1) 604 643 7939<br />
Fax: (1) 604 643 7900<br />
Email: kburrell@mccarthy.ca<br />
Website: www.mccarthy.ca<br />
Keith E Burrell is a partner in <strong>McCarthy</strong> Tétrault’s Vancouver office and a member of<br />
<strong>the</strong> firm’s <strong>Real</strong> Property and Planning Group.<br />
Mr Burrell’s commercial real estate practice involves extensive work with public and<br />
private real estate developers, both local and offshore, as well as real estate inves<strong>to</strong>rs,<br />
including pension funds and Reits seeking commercial income properties.<br />
He is also experienced in all aspects of real estate development, with a particular<br />
emphasis on commercial projects and public-private partnerships. Mr Burrell has<br />
extensive experience in preparing and negotiating documentation required for projects<br />
structured as partnerships or joint ventures, as well as in ancillary management and<br />
o<strong>the</strong>r service agreements.<br />
His recent experience includes acting for <strong>the</strong> selected proponent for <strong>the</strong> expansion of<br />
<strong>the</strong> Vancouver Convention and Exhibition Centre; <strong>the</strong> purchaser of a landmark office<br />
building for in excess of $130 million; <strong>the</strong> province of British Columbia (represented<br />
by BCBC) in <strong>the</strong> limited tender and sale of two office buildings for $64 million; <strong>the</strong><br />
purchasers of Semiahmoo Shopping Centre and West Oaks Mall; and an institutional<br />
inves<strong>to</strong>r acquiring <strong>the</strong> McMillan Bloedel Building in Vancouver for $76.8 million.<br />
Mr Burrell appears in Legal Media Group’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong><br />
<strong>Lawyers</strong> 2004 along with <strong>McCarthy</strong> Tétrault partners Abraham (Bram) Costin, Danny<br />
C Grandilli, Michael D Levinson, Gordon S Sa<strong>to</strong> and Godyne NL Sibay. In fact, in<br />
<strong>the</strong> latest edition of <strong>the</strong> guide, <strong>McCarthy</strong> Tétrault remains a step ahead, having<br />
received more individual nominations than any o<strong>the</strong>r Canadian law firm – a position<br />
<strong>the</strong> firm has held since 1999.<br />
Mr Burrell also appears in Lexpert’s 2005 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> <strong>Leading</strong> 500 <strong>Lawyers</strong> in Canada<br />
and in its 2004 Canadian Legal Lexpert Direc<strong>to</strong>ry (a guide <strong>to</strong> <strong>the</strong> leading law firms and<br />
practitioners in Canada) in <strong>the</strong> area of property development.<br />
He is an active member of <strong>the</strong> Urban Development Institute and served on <strong>the</strong><br />
Institute’s board of direc<strong>to</strong>rs from 1991 <strong>to</strong> 1993. Mr Burrell is also a member of <strong>the</strong><br />
Canadian Bar Association and <strong>the</strong> Law Society of British Columbia.<br />
He received his BComm with an urban land economics option in 1977 and his LLB<br />
in 1978, both from <strong>the</strong> University of British Columbia. Mr Burrell was called <strong>to</strong> <strong>the</strong><br />
British Columbia Bar in 1979.<br />
18 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong>
Canada<br />
Abraham (Bram) Costin<br />
<strong>McCarthy</strong> Tétrault LLP<br />
Toron<strong>to</strong> Dominion Bank Tower<br />
Suite 4700, Box 48<br />
Toron<strong>to</strong>, ON M5K 1E6<br />
Canada<br />
Tel: (1) 416 601 7762<br />
Fax: (1) 416 868 0673<br />
Email: acostin@mccarthy.ca<br />
Website: www.mccarthy.ca<br />
Abraham Costin is a partner in <strong>McCarthy</strong> Tétrault’s Toron<strong>to</strong> office and <strong>the</strong> National<br />
Practice Group Leader of its <strong>Real</strong> Property and Planning Group.<br />
Mr Costin’s practice covers a full range of transactions, including leasing, acquisitions,<br />
development and financing. He acts for both large and small developers, pension<br />
funds, financial institutions and <strong>the</strong> owners of <strong>the</strong> SkyDome in Toron<strong>to</strong>. Mr Costin’s<br />
practice also includes insolvency and realization work related <strong>to</strong> real property.<br />
Recently, he was involved in <strong>the</strong> real estate aspects of several financings of wind energy<br />
projects in <strong>the</strong> western US.<br />
Mr Costin is a frequent guest speaker at national and international conferences,<br />
including <strong>the</strong> International Council of Shopping Centres, Law Society of Upper<br />
Canada, <strong>the</strong> Canadian Bar Association, Insight, Federated Press and <strong>the</strong> Institute for<br />
International Research dealing with commercial leasing, conveyancing and<br />
receivership. He has authored numerous articles and co-authored a chapter in Anger<br />
and Honsberger on <strong>Real</strong> Property. Mr Costin also sits on <strong>the</strong> edi<strong>to</strong>rial board of Taxation<br />
of <strong>Real</strong> <strong>Estate</strong> in Canada.<br />
He appears in Legal Media Group’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong><br />
2004 along with <strong>McCarthy</strong> Tétrault partners Keith E Burrell, Danny C Grandilli,<br />
Michael D Levinson, Gordon S Sa<strong>to</strong> and Godyne NL Sibay. In fact, in <strong>the</strong> latest<br />
edition of <strong>the</strong> guide, <strong>McCarthy</strong> Tétrault remains a step ahead, having received more<br />
individual nominations than any o<strong>the</strong>r Canadian law firm – a position <strong>the</strong> firm has held<br />
since 1999.<br />
Mr Costin also appears in all editions of Lexpert’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> <strong>Leading</strong> 500 <strong>Lawyers</strong> in<br />
Canada in <strong>the</strong> areas of property development and project finance as well as in its 2004<br />
Canadian Legal Lexpert Direc<strong>to</strong>ry (a guide <strong>to</strong> <strong>the</strong> leading law firms and practitioners in<br />
Canada) in <strong>the</strong> areas of property development, property leasing and project finance.<br />
He is also listed in <strong>the</strong> 2005 edition of Chambers Global: The World’s <strong>Leading</strong> <strong>Lawyers</strong> in<br />
<strong>the</strong> area of real estate law.<br />
Mr Costin received his BSc in 1977 from <strong>the</strong> University of Guelph and his LLB in<br />
1980 from <strong>the</strong> University of Toron<strong>to</strong>. He was called <strong>to</strong> <strong>the</strong> Ontario Bar in 1982.<br />
20 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong>
Canada<br />
Danny C Grandilli<br />
<strong>McCarthy</strong> Tétrault LLP<br />
Toron<strong>to</strong> Dominion Bank Tower<br />
Suite 4700, Box 48<br />
Toron<strong>to</strong>, ON M5K 1E6<br />
Canada<br />
Tel: (1) 416 601 7597<br />
Fax: (1) 416 868 0673<br />
Email: dgrandil@mccarthy.ca<br />
Website: www.mccarthy.ca<br />
Danny C Grandilli is a partner in <strong>McCarthy</strong> Tétrault’s Toron<strong>to</strong> office and a member<br />
of its <strong>Real</strong> Property and Planning Group.<br />
Mr Grandilli’s practice focuses on many areas of commercial real estate, including<br />
retail and commercial leasing, acquisitions, real property components of mergers and<br />
acquisitions, sale and leaseback transactions, and financing transactions on behalf of<br />
corporate borrowers and financial institutions.<br />
In recent years, he has concentrated a significant portion of his practice in serving <strong>the</strong><br />
pension fund community and has been engaged by several pension funds, large and<br />
small, and pension fund asset managers in acquisitions, dispositions, joint venture<br />
arrangements and asset management advice.<br />
Mr Grandilli appears in Legal Media Group’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong><br />
<strong>Lawyers</strong> 2004 along with <strong>McCarthy</strong> Tétrault partners Keith E Burrell, Abraham<br />
(Bram) Costin, Michael D Levinson, Gordon S Sa<strong>to</strong> and Godyne NL Sibay. In fact, in<br />
<strong>the</strong> latest edition of <strong>the</strong> guide, <strong>McCarthy</strong> Tétrault remains a step ahead, having<br />
received more individual nominations than any o<strong>the</strong>r Canadian law firm – a position<br />
<strong>the</strong> firm has held since 1999.<br />
Mr Grandilli is also listed in <strong>the</strong> 2005 edition of Chambers Global: The World’s <strong>Leading</strong><br />
<strong>Lawyers</strong> in <strong>the</strong> area of real estate law.<br />
He is <strong>the</strong> co-author of <strong>Real</strong> <strong>Estate</strong> Practice in Ontario, an authoritative text on real estate<br />
practice in Ontario.<br />
Mr Grandilli received his BA in 1984 from <strong>the</strong> University of Toron<strong>to</strong> (St Michael’s<br />
College) and his LLB in 1987 from Queen’s University. He was called <strong>to</strong> <strong>the</strong> Ontario<br />
Bar in 1989.<br />
22 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong>
Canada<br />
Michael D Levinson<br />
<strong>McCarthy</strong> Tétrault LLP<br />
Le Windsor<br />
1170, rue Peel<br />
Montréal, QC H3B 4S8<br />
Canada<br />
Tel: (1) 514 397 4167<br />
Fax: (1) 514 875 6246<br />
Email: mdlevinson@mccarthy.ca<br />
Website: www.mccarthy.ca<br />
Michael D Levinson is counsel in <strong>McCarthy</strong> Tétrault’s Montréal office and a member<br />
of its <strong>Real</strong> Property and Planning Group.<br />
Mr Levinson’s practice focuses on commercial law, real estate acquisition,<br />
development, financing and leasing, and acquisition of rights-of-way for pipelines.<br />
He appears in Legal Media Group’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong><br />
2004 along with <strong>McCarthy</strong> Tétrault partners Keith E Burrell, Abraham (Bram)<br />
Costin, Danny C Grandilli, Gordon S Sa<strong>to</strong> and Godyne NL Sibay. In fact, in <strong>the</strong> latest<br />
edition of <strong>the</strong> guide, <strong>McCarthy</strong> Tétrault remains a step ahead, having received more<br />
individual nominations than any o<strong>the</strong>r Canadian law firm – a position <strong>the</strong> firm has held<br />
since 1999.<br />
Mr Levinson also appears in all editions of Lexpert’s Canadian Legal Lexpert Direc<strong>to</strong>ry<br />
(a guide <strong>to</strong> <strong>the</strong> leading law firms and practitioners in Canada) and in its 2004 <strong>Guide</strong> <strong>to</strong><br />
<strong>the</strong> <strong>Leading</strong> 500 <strong>Lawyers</strong> in Canada in <strong>the</strong> area of property development.<br />
He has lectured at conferences sponsored by <strong>the</strong> American Right-of-Way Association,<br />
<strong>the</strong> International Council of Shopping Centres, <strong>the</strong> National Banking Law Review<br />
and <strong>the</strong> Canadian Institute. Mr Levinson has also served on <strong>the</strong> advisory committee<br />
for McGill University’s Faculty of Law, Law and You seminar “Changes in Business<br />
Practice under <strong>the</strong> New Civil Code of Québec.” He was also a member of <strong>the</strong><br />
committee revising <strong>the</strong> English version of <strong>the</strong> Code of Québec; president of <strong>the</strong> Lord<br />
Reading Law Society (2001 <strong>to</strong> 2002); councillor on <strong>the</strong> council of <strong>the</strong> Bar of Montréal<br />
(1998 <strong>to</strong> 2000); trustee and vice-chair of <strong>the</strong> Executive Committee of <strong>the</strong> Corporation<br />
of Bishop’s University as well as corporate secretary <strong>to</strong> various companies in <strong>the</strong><br />
Mallinckrodt Group; and direc<strong>to</strong>r and member of <strong>the</strong> Executive Committee of <strong>the</strong><br />
Montréal Association for <strong>the</strong> Blind.<br />
Mr Levinson received his BA in 1961 from Bishop’s University and his BCL in 1964<br />
from McGill University. He practised as a Québec notary from 1965 <strong>to</strong> <strong>the</strong> time he<br />
was called <strong>to</strong> <strong>the</strong> Québec Bar in 1970.<br />
28 <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Lawyers</strong>
Canada<br />
Gordon S Sa<strong>to</strong><br />
<strong>McCarthy</strong> Tétrault LLP<br />
Toron<strong>to</strong> Dominion Bank Tower<br />
Suite 4700, Box 48<br />
Toron<strong>to</strong>, ON M5K 1E6<br />
Canada<br />
Tel: (1) 416 601 7682<br />
Fax: (1) 416 868 0673<br />
Email: gsa<strong>to</strong>@mccarthy.ca<br />
Website: www.mccarthy.ca<br />
Gordon S Sa<strong>to</strong> is a partner in <strong>McCarthy</strong> Tétrault’s Toron<strong>to</strong> office and a member of its<br />
<strong>Real</strong> Property and Planning Group. Since joining <strong>the</strong> firm in 1979, he has practised<br />
extensively in real estate-related transactions.<br />
Mr Sa<strong>to</strong> has acted in <strong>the</strong> purchase, sale, financing and development covering <strong>the</strong> full<br />
range of real estate, including office developments, hotels, shopping centres and<br />
infrastructure. He has extensive experience with respect <strong>to</strong> private placement<br />
(mortgage bond), bank financing and real estate transactions.<br />
Mr Sa<strong>to</strong> appears in Legal Media Group’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong><br />
<strong>Lawyers</strong> 2004 along with <strong>McCarthy</strong> Tétrault partners Keith E Burrell, Abraham<br />
(Bram) Costin, Danny C Grandilli, Michael D Levinson and Godyne NL Sibay. In<br />
fact, in <strong>the</strong> latest edition of <strong>the</strong> guide, <strong>McCarthy</strong> Tétrault remains a step ahead, having<br />
received more individual nominations than any o<strong>the</strong>r Canadian law firm – a position<br />
<strong>the</strong> firm has held since 1999.<br />
Mr Sa<strong>to</strong> also appears in Legal Media Group’s latest edition of <strong>the</strong> Best of <strong>the</strong> Best guide,<br />
which covers <strong>the</strong> area of real estate law, where he is listed as <strong>the</strong> world’s leading real<br />
estate lawyer, having received <strong>the</strong> highest number of nominations worldwide. He also<br />
appears in all editions of Lexpert’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> <strong>Leading</strong> 500 <strong>Lawyers</strong> in Canada in <strong>the</strong><br />
area of property development and in its 2004 Canadian Legal Lexpert Direc<strong>to</strong>ry (a guide<br />
<strong>to</strong> <strong>the</strong> leading law firms and practitioners in Canada) in <strong>the</strong> areas of property<br />
development, property leasing and project finance. Mr Sa<strong>to</strong> is also listed in <strong>the</strong> 2005<br />
edition of Chambers Global: The World’s <strong>Leading</strong> <strong>Lawyers</strong> in <strong>the</strong> area of real estate law.<br />
He received his BA and his LLB from <strong>the</strong> University of Toron<strong>to</strong>. Mr Sa<strong>to</strong> was called<br />
<strong>to</strong> <strong>the</strong> Ontario Bar in 1979.<br />
31
Canada<br />
Godyne N L Sibay<br />
<strong>McCarthy</strong> Tétrault LLP<br />
Toron<strong>to</strong> Dominion Bank Tower<br />
Suite 4700, Box 48<br />
Toron<strong>to</strong>, ON M5K 1E6<br />
Canada<br />
Tel: (1) 416 601 7748<br />
Fax: (1) 416 868 0673<br />
Email: gsibay@mccarthy.ca<br />
Website: www.mccarthy.ca<br />
Godyne N L Sibay is a partner in <strong>McCarthy</strong> Tétrault’s Toron<strong>to</strong> office and a member<br />
of its <strong>Real</strong> Property and Planning Group.<br />
Ms Sibay’s practice focuses on commercial transactions with a real estate base. Such<br />
transactions include <strong>the</strong> acquisition, development, leasing, financing and disposition of<br />
commercial and industrial properties, including hotels and hospitality-related<br />
properties, office developments, stadiums, convention centres, hospitals, shopping<br />
centres and utility and o<strong>the</strong>r power projects; and <strong>the</strong> negotiation of various<br />
agreements, including joint venture agreements, co-tenancy agreements, ground<br />
leases, construction agreements and o<strong>the</strong>r agreements related <strong>to</strong> project development.<br />
Projects include all aspects of <strong>the</strong> development and financing of <strong>the</strong> Air Canada<br />
Centre; <strong>the</strong> expansion of <strong>the</strong> Metro Toron<strong>to</strong> Convention Centre; <strong>the</strong> expansion of St<br />
Michael’s Hospital; The National Ballet School expansion; <strong>the</strong> acquisition,<br />
development and financing of <strong>the</strong> fifth <strong>to</strong>wer of <strong>the</strong> Toron<strong>to</strong> Dominion Centre;<br />
disposition of The Fairmont Glitter Bay, Barbados; <strong>the</strong> creation of Fairmont Hotels &<br />
Resorts Inc, a hotel management company; <strong>the</strong> acquisition of several hotels for Delta<br />
Hotels Limited and Legacy Hotels <strong>Real</strong> <strong>Estate</strong> Investment Trust, including Fairmont<br />
Le Château Frontenac and The Fairmont Empress; <strong>the</strong> creation of Enwave District<br />
Energy Limited; construction projects for Sephora USA, LLC; disposition of Maple<br />
Leaf Gardens, former home of <strong>the</strong> Toron<strong>to</strong> Maple Leafs; and several development<br />
projects for York University, including <strong>the</strong> Rexall Centre, home of <strong>the</strong> Tennis Master<br />
Canada Series, and <strong>the</strong> Schulich Executive Education Centre.<br />
Ms Sibay appears in Legal Media Group’s <strong>Guide</strong> <strong>to</strong> <strong>the</strong> World’s <strong>Leading</strong> <strong>Real</strong> <strong>Estate</strong><br />
<strong>Lawyers</strong> 2004 along with <strong>McCarthy</strong> Tétrault partners Keith E Burrell, Abraham<br />
(Bram) Costin, Danny C Grandilli, Michael D Levinson and Gordon S Sa<strong>to</strong>. In fact,<br />
in <strong>the</strong> latest edition of <strong>the</strong> guide, <strong>McCarthy</strong> Tétrault remains a step ahead, having<br />
received more individual nominations than any o<strong>the</strong>r Canadian law firm – a position<br />
<strong>the</strong> firm has held since 1999.<br />
Ms Sibay is also featured in Lexpert magazine’s “Canada’s Top 25 Women <strong>Lawyers</strong>”<br />
article (September 2003).<br />
She is a member of several professional and industry organizations, including <strong>the</strong><br />
Ontario and Canadian Bar Associations, Canadian Association of University Solici<strong>to</strong>rs<br />
and Toron<strong>to</strong> CREW (Toron<strong>to</strong> Commercial <strong>Real</strong> <strong>Estate</strong> Women). Ms Sibay has served<br />
as a panellist and speaker at various industry seminars, including <strong>the</strong> International<br />
Council of Shopping Centres conferences.<br />
She received her BSc in 1980 from <strong>the</strong> University of Toron<strong>to</strong> and her LLB in 1983<br />
from <strong>the</strong> University of Ottawa. Ms Sibay was called <strong>to</strong> <strong>the</strong> Ontario Bar in 1985.<br />
33
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