ARTICLE · 02 DECEMBER 2009

Focus On Real Estate - November 2009

Dentons Canada LLP

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Jameson House Properties Ltd. and Jameson House Ventures Ltd. (the Jameson Companies) were incorporated to develop a 37-storey mixed-use building in downtown Vancouver called Jameson House.

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Contents

Review Of The Jameson House Restructuring
A Bird In The Hand: Renegotiating Commercial Leases
Toronto's New Zoning By-Law: Are Your Rights Being Protected?
Licensed To Lend: Licensing Obligations And Vendor Take-Back Mortgages
Recent Highlights For The National Real Estate Group At Fraser Milner Casgrain

REVIEW OF THE JAMESON HOUSE RESTRUCTURING
By John Sandrelli, David Goult, Robert Nikelski, Jordan Schultz

Jameson House Properties Ltd. and Jameson House Ventures Ltd. (the Jameson Companies) were incorporated to develop a 37-storey mixed-use building in downtown Vancouver called Jameson House. By 2008, after many years of planning and development, the Jameson House project was well underway. After more than one year of construction under the stewardship of an experienced head contractor, the Jameson companies had pre-sold a majority of the units in the building, and despite having nearly spent their existing interim financing, the

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