Paul  Morassutti

Paul Morassutti, Partner, Real Estate

Contact Information

  • tel: 416.862.6806
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Areas of Expertise

Bar Admission

Ontario, 1988

Education

  • Osgoode Hall Law School, LL.B.

Office

Toronto

Language(s)

English

Biography

Paul’s practice is focused primarily on all types of commercial real estate matters including environmental and contaminated lands issues. He has extensive experience in acquisitions and divestitures of real estate, commercial leasing, secured transactions, mortgage financings, REITS and environmental matters. Paul is also cross-appointed to the firm’s franchise & distribution practice group and the environmental law practice group, has worked extensively with the insolvency and construction law groups in the firm, acts for a number of clients in the retail industry and was formerly a member of the Cabinet and Executive Committee of the Canadian Bar Association (Ontario) – Real Property Section.

Notable Matters

  • KingSett Capital in its redevelopment of a mixed-use retail, office and residential tower in downtown Toronto.
  • Royal Bank of Canada on the purchase and subsequent sale–lease back of a downtown office tower.
  • Osmington Inc. on the sale of various shopping centres.
  • Standard Life in its $120 million financing of the acquisition of Adelaide Place, Toronto, ON, and numerous other mortgage loans.
  • A national accounting firm on its head office lease and other office lease transactions across Canada.
  • Forever 21, Ann Taylor, Vitamin Shoppe and other US retailers on their expansion into Canada.
  • Purolator Courier Limited on all aspects of its real estate matters including the acquisition of lands for its new central hub and other business-critical acquisitions and leases of significant depot locations, including the acquisition, design-build and lease-back of 12 facilities across Canada from a REIT.
  • A prominent developer in the acquisition and financing of a prime mixed-use development site in downtown Toronto from an insolvent vendor.
  • Imperial Oil Limited in its disposition program relating to surplus sites in Ontario, the negotiation and creation of an easement to accommodate a pipeline linking two refineries, numerous contaminated lands issues and its head office lease in Calgary.
  • Vale Inco Limited in the negotiation of its new head office lease, comprising eight full floors of a major downtown office tower, other acquisitions, dispositions and related realty tax assessment issues.
  • Standard Life in the $90 million dollar financing of a mixed-use retail, office and residential project built on lands subject to a long-term ground lease from the National Capital Commission.
  • Toyotoshi Group Canada on its leasing, acquisition, development and construction of various automobile dealerships in Canada.

Affiliations

  • Canadian Bar Association, Real Property Section, Former Cabinet and Executive Member
  • Law Society of Upper Canada
  • NAIOP
  • ICSC

Industry Recognition

  • The Best Lawyers in Canada 2014: Real Estate Law

Publications/Events/Education

  • 2006 to 2014 Bar Admission Materials for Real Estate
  • Doing the Brownfields Deal, The Canadian Brownfields Manual, LexisNexis Butterworths, contributing author

Pro Bono/Community Work

  • Kid’s Help Phone, Representation
  • Family Day Care Services, Representation
  • Museum of Contemporary Canadian Art, Representation