As reported in the Vancouver Sun, Clark Wilson client Vancouver Coastal Health has agreed to sell the Dogwood Lodge, George Pearson Centre and surrounding lands to Vancouver-based developer, Onni. Darren Donnelly worked with VCH’s negotiating team to settle the agreement terms. Our Commercial Real Estate Group continues legal work to faciltate VCH and Onni’s collaboration to rezone and develop the lands for over 3 million square feet of new construction, including residential buildings, 20% social housing, a new park, a contribution to the construction of the 57th Avenue Canada Line station, other amenities and replacement facilities to ultimately be returned to VCH.
Related Content
The Role of an Administrator
I am often asked by my friends who are not in the strata property industry how I will keep myself busy once condominiums stop “leaking”. ... Continued
Ontario Court Confirms Binding Nature of Bought Deal Engagement Letters
The Ontario Superior Court of Justice (Commercial List) recently confirmed the binding nature of bought deal engagement letters when it awarded a judgment of $16,042,669 plus interest and costs in favour of Stetson Oil & Gas Ltd. (TSXV: SSN), a junior oil and gas exploration company, and against Thomas Weisel Partners Canada Inc. (now Stifel Nicolaus Canada Inc.) (“Weisel”), an investment bank and a securities dealer, for Weisel’s failure to close a bought deal private placement pursuant to an engagement letter with Stetson.
Clark Wilson Appoints Emily Clough as Managing Partner
Clark Wilson is pleased to announce that effective January 2024, Emily Clough is the firm’s Managing Partner. “Emily is a proven leader to guide the ... Continued