Clark Wilson acted as Canadian counsel for Pure Industrial Real Estate Trust (PIRET) in their acquisition of a 10-property industrial portfolio in the US. The transaction, with a value of US $205M, included properties in California, Florida, North Carolina, New Jersey, Illinois, Louisiana, and Texas and involved bridge financing from the Bank of Montreal. Greenburg Traurig LLP acted for PIRET in the US. Davies Ward Phillips & Vineberg LLP and Morgan, Lewis and Bockius LLP acted for the Bank of Montreal in Canada and the US, respectively. James Speakman and Rosemary John comprised Clark Wilson’s team on the transaction. Learn more.
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Limited Common Property
My strata corporation consists of two sections – commercial and residential. The residential section has a limited common property lobby area with furniture that is looking worn and should be replaced. Do all owners have to pay for the new furniture?