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Tuesday, May 13, 2014

7:15 AM
REGISTRATION & CONTINENTAL BREAKFAST

8:00 AM
OPENING REMARKS

Michael Emory

David Gerofsky

Michael Emory, President & CEO, Allied Properties REIT
David Gerofsky, President & COO, Great Gulf and Chief Executive Officer, First Gulf Corporation


KEYNOTE PRESENTATIONS

8:05 AM
ECONOMIC OVERVIEW: WHAT ARE THE IMPLICATIONS FOR LAND AND DEVELOPMENT ACTIVITY?

With special attention to the development market including residential and commercial, Benjamin Tal will offer his insight on global and domestic issues that are driving the broader economy. He will also comment on monetary policy, rate trends, demographic trends and how geo-political and geo-economic trends will impact economic growth. What is the outlook for employment and spending growth and what are the key economic engines driving job creation? Benjamin consistently receives very positive feedback as a speaker at our conferences and we are pleased to welcome him back to share his leading edge opinions and well formulated conclusions.

Speaker: 
Benjamin Tal, Deputy Chief Economist, CIBC World Markets Inc.

Benjamin Tal’s presentation is available for Land & Development conference attendees only.

8:35 AM
DEVELOPMENT ACROSS THE GTA: THE BEGINNING OF THE END OR THE END OF THE BEGINNING?

The outcome of property markets in 2014 and beyond will largely depend on navigating extremity conditions by industry, government and consumers and connecting the dots. The GTA market is building a record number of high rise projects – more than any other region in North America while the scarcity of ground oriented housing is causing record high price gaps. Commercial land development is also operating at record pricing. For the first time in years, we are seeing completely new urban nodes being developed and large investments in employments lands outside of the traditional city core. George Carras’ presentation is ideally positioned to provide you with the key insights for better decisions in 2014 and beyond.

Speaker:
George Carras, President, RealNet Canada Inc.

Click here to download George Carra’s presentation and for more details regarding your complimentary REALNET® report offer.

9:10 AM
DEVELOPMENT CHARGES AND LAND USE PLANNING POLICIES: WHAT CAN POTENTIALLY BE DONE WITH THESE TWO MAJOR ONGOING CHALLENGES TO DEVELOPMENT ACTIVITY?

There is no doubt that developing commercial or residential properties has its challenges. When legislation, official plans or bylaws come into establishment there is a risk that those policy creators and recommenders do not have absolute knowledge of all the factors at the time of establishment. Section 37, DC’s and land use planning policies have challenged development activity over the decades. What changes should be made to select policies to create significant opportunities within the construction and development space? The results of two major research initiatives by the building industry will be presented.

Speaker:
Bryan Tuckey, President & CEO, BILD

9:40 AM
MORNING REFRESHMENTS

10:00 a.m.
CONCURRENT SESSIONS (SELECT A1, A2, or A3)
SESSION A1;
WHAT IS ACTUALLY HAPPENING IN THE HIGH RISE CONDOMINIUM MARKET: INSIGHTS ON PRICING, INVENTORY, PRE-SALES AND MARKETING STRATEGIES

The current version of Ontario’s Condominium Act came into effect in 1998. Since then, the condominium market has changed dramatically and now represents half of all new homes being built in Ontario and is home to well over one million people. All media speculation points to a crash or soft landing yet other trusted sources predict a growing population as justification for the continued growth of high-rise housing. While government policy is mandating that developments should go upwards and not outwards and many developers continue to view Toronto as one of the most robust high-density markets in the world; what is the legacy we are being left with? What market will the current product supply in the years to come and what do our leading developers plan on building in 2014 and 2015?

Leor Margulies

Peter Freed

Shaun Hildebrand

Mark Reeve

Jeanhy Shim

 

Moderator:
Leor Margulies, Partner, Robins Appleby LLP

Panel:
Peter Freed, President, Freed Developments
Shaun Hildebrand, Senior Vice President, Urbanation Inc.

Mark Reeve, Partner, Urban Capital Property Group

Jeanhy Shim, President, Housing Lab Toronto


SESSION A2:
TRANSACTION ACTIVITY IN THE GTA LAND MARKET: WHAT BELLWETHER DEALS HAVE BEEN DONE?

Join this session as a panel of industry experts specializing in land sales and valuations discuss current market conditions across the 416 and 905 markets. What deals have been completed over the past 12 months and what assets are on the market or coming to market in the near term? How has the market shifted over the past year in terms of assets, structure and buyer profile? As capital has proved that it can move freely; this session will also explore select transactions in other markets to provide a basis of comparison.

John Fox

Casey Gallagher

Milton Lamb

Jeff Thomas

Guy Wilson

Moderator:
John Fox, Partner, Robins Appleby LLP

Panel: 
Casey Gallagher, Senior Vice President, CBRE Limited 
Milton Lamb, Senior Vice President, Broker, National Investment Services, Colliers International 
Jeff Thomas, Managing Partner, Ashlar Urban Realty Inc. 
Guy Wilson, Senior Director, Altus Group


SESSION A3;
THE CHALLENGES IN THE INDUSTRIAL MARKET: HOW DO YOU DRIVE DEVELOPMENT OR REDEVELOPMENT OF EXISTING STOCK IN TODAY’S POLITICAL AND ECONOMIC ENVIRONMENT?

What is driving industrial development now? Is it the need for distribution or warehouse space? What impact are international markets having on the space and what should we expect over the next 12-18 months across the GTA? What does the supply side equation look like in terms of new product and how is the existing and aging stock being redeveloped? Will demand for logistics facilities and a softer Canadian currency push industrials markets forward? The panel will provide a solid overview of the industrial market and what we should expect in the near term.

Hanan Goldfarb

Sam Barbiere

Bill Bolender

Jaime Northam

Jordan Slatt

Moderator:
Hanan Goldfarb, Vice President, Industrial, JLL

Panel:
Sam Barbieri, Senior Vice President, Asset Management, LaSalle Investment Management 
Bill Bolender, Vice President, Country Manager, Prologis 
Jaime Northam, Vice President, Business Development, Greater Phoenix Economic Council
Jordan Slatt, President, LDC Logistics Development Corporation


11:00 AM
CONCURRENT SESSIONS (SELECT B1, B2, or B3)
SESSION B1:
SOURCING DEVELOPMENT AND CONSTRUCTION FINANCING IN TODAY’S MARKET: WHAT ALTERNATIVE LENDERS ARE REPLACING TRADITIONAL ONES? WHERE IS AVAILABILITY AND PRICING HEADING?

As an experienced or novice developer, with a project in mind that has strong potential cash flow and solid fundamentals, what type of debt is available today? What are the rates, terms and ratios that are available today? This session will explore the construction and development debt market over the past 12 months and take a forward look at what changes are pending. What are the different considerations between commercial and residential debt and small and large developers? As non-traditional or alternative lending sources start to emerge, what are the implications, if any, for traditional lenders?

Mike Kirchmair

Alan Bensky

Scott Cameron

Devon Cranson

Bruno Iacovetta

Moderator:
Mike Kirchmair
, Vice President Finance & Treasury, Great Gulf Group

Panel:
Alan Bensky, Vice President & Manager, Real Estate, TD Bank

Scott Cameron, President, Cameron Stephens Mortgage Capital Ltd.

Devon Cranson, President & Founder, Cranson Capital

Bruno Iacovetta, Managing Director, Development Finance Group, MCAP Financial Corporation 


SESSION B2:
UP AND COMING: WHAT SHOULD WE EXPECT FROM THE NEXT GENERATION OF DEVELOPERS?
The development and construction landscape is about to change with the influx of the next generation of professionals into the construction and development area. Who are they? How are they planning to run companies, develop product and what is their vision going forward? This panel will provide insight into the next generation of developers who are already extremely active in the sector. What projects have they already completed, are they working on, or have planned? What legacy do they want to create and who do they look up to as mentors?

Stephen Diamond

Jonathan Goldman

Jeff Hull

Mike Mannix

Jared Menkes

Moderator:
Stephen Diamond, President & CEO, Diamond Corp.

Panel:
Jonathan Goldman, Principal, Stafford Developments 
Jeff Hull, President, Hullmark Developments Ltd.
Mike Mannix, Asset Manager, Triovest Realty Advisors Inc. 
Jared Menkes, Director, Development, Menkes Developments Ltd.


SESSION B3:
INTERNATIONAL PERSPECTIVE: WHAT LESSONS CAN WE LEARN AND LEVERAGE FROM MAJOR DEVELOPMENTS?

With Toronto and the GTA taking on a number of major developments, what can we learn from other projects that have already been constructed outside of our local boundaries? What developments are other major cities considering, what have they built and what subsequent lessons have they learned? What major developments have shaped major cities and provided valuable lessons that the GTA can leverage as we expand upwards and outwards? This session will explore a number of projects in New York, Manhattan including the Highline and Hudson Yards projects.

Marcy Burchfield

Joe Berridge

Edith Hsu-Chen

Dean Shapiro

Moderator:
Marcy Burchfield, Executive Director, Neptis Foundation

Panel:
Joe Berridge, Partner, Urban Strategies Inc. 
Edith Hsu-Chen, Director, Borough of Manhattan, NYC Department of City Planning
Dean Shapiro, Senior Vice President, Investments, Oxford Properties Group Inc.


12:00 PM
NETWORKING LUNCHEON
LUNCHEON REFRESHMENTS

12:50 PM
AN INTERVIEW WITH MAYOR HAZEL McCALLION:
A RETROSPECTIVE ON THE EVOLUTION OF MISSISSAUGA, MUNICIPAL PLANNING AND DEVELOPMENT OVER THE PAST 35 YEARS

Mayor Hazel McCallion

Mayor Hazel McCallion first elected Mayor of Mississauga in 1978 and recognized as the longest serving Mayor in the City’s history is serving her final term in office. She will discuss the evolution of Mississauga into the 6th largest city in Canada and the role that development played in reaching this notable achievement. We are honoured to give recognition and thanks to her enormous accomplishments and notable achievements in offices and to celebrate her remarkable contribution to public life.

To view the video interview of Mayor Hazel McCallion, please click here.


1:30 PM
CONCURRENT SESSIONS (SELECT C1, C2, or C3)
SESSION C1:
SUPER PROJECTS: THE IMPACT OF LARGER SCALE OF DEVELOPMENT ON THE URBAN AND SUBURBAN FABRIC

With an influx of Super Projects on the horizon, this panel will review key developments that could ultimately shape our cities across the GTA. The conversation will examine what will bring these projects to fruition, how will infrastructure be impacted, what challenges to density will occur, how are employment lands or residential densities being considered and how are developers accommodating completely different uses within the same site.

Lisa Boorsook

John Campbell

Brad Keast

Barry Lyon

Catherine Rose

Moderator:
Lisa Borsook, Executive Partner, WeirFoulds LLP

Panel:
John Campbell, President & CEO, Waterfront Toronto

Brad Keast, Vice President, Development, Osmington Inc.

Barry Lyon, President, N. Barry Lyon Consultants Limited

Catherine Rose, Chief Planner, City Development Department, City of Pickering


SESSION C2:
THE BOOM IN OFFICE DEVELOPMENT: CASE STUDIES OF DOWNTOWN PROJECTS AND THEIR IMPLICATION ON THE GTA MARKET AND EXISTING STOCK

New office product has continued to receive support with a number of notable projects recently being launched or about to proceed. In fact, Toronto is on pace to add 4.3 million square feet in the next three to four years. What are tenants demanding in terms of built product and work place standards? How do corporate consolidations, increased physical densities and need for better technological solutions impact the office sector? What impact is the periphery and South Core having on the rest Toronto’s financial district and what is driving this tenant demand? What are the trends for office development across the 905 and 416?

Sandy McNair

Wayne Barwise

Mark Cote

Jeff Flemington

Peter Halsall

Moderator:
Sandy McNair, President, Altus InSite

To inquire about a copy of the presentation, please email Sandy McNair.

Panel:
Wayne Barwise, Executive Vice President, Development, The Cadillac Fairview Corporation Limited 
Mark Cote, Vice President, Development, Oxford Properties Group Inc. 
Jeff Flemington, Senior Vice President, Principal, Broker, Avison Young 
Peter Halsall, President & CEO, Canadian Urban Institute


SESSION C3:
THE SURGE IN PURPOSE BUILT RENTAL STOCK: WHO IS BUILDING, WHAT ARE THEY DEVELOPING AND HOW ARE THEIR DEALS GETTING DONE?
It’s undeniable that the condominium investor market has been filling the need for rental stock in the GTA. Have cap rates finally compressed to a point that developers are now going to build purpose built rental stock? It seems that every apartment owner is starting or contemplating a new development. Will select markets become oversaturated? How much demand is really out there and who will be the builders to satisfy this demand?

Drew Koivu

Adrian Kozak

Anne Morash

Greg Rogers

Greg Speirs

Moderator:
Drew Koivu, Managing Director & Principal, U.S. Apartment Fund, Avison Young

Panel:
Adrian Kozak
, Director, Investments, Concert Properties Ltd. 
Anne Morash, Senior Vice President, Multi-Residential, GWL Realty Advisors
Greg Rogers, Executive Vice President, Investments, Minto Properties Inc.
Greg Speirs, Senior Vice President, Investment Management, Realstar


2:30 PM
CONCURRENT SESSIONS (SELECT D1, D2, or D3)
SESSION D1:
DEVELOPING CHALLENGED SITES: THE NEED FOR INNOVATIVE STRATEGIES AND PATIENCE

Challenged sites present unique opportunities for land developers and property owners, given limited availability of land for development and redevelopment. Ontario’s 2014 Provincial Policy Statement also encourages the development on brownfield and contaminated sites. However, these “challenged” sites come with a host of issues that need to be considered and resolved to make the most of your investment and to minimize what can be serious risks and liabilities. From purchase to development this panel will explore what you need to know regarding these challenged sites.

Ken Greenberg

Mike Czestochowski

John Georgakopoulos

Pamela Kraft

Michael Whelan

Moderator:
Ken Greenberg
, Principal, Greenberg Consultants Inc.

Panel:
Mike Czestochowski
, Senior Vice President, Land Services Group, CBRE Limited

John Georgakopoulos, Partner, Willms & Shier Environmental Lawyers LLP

Pamela Kraft, Managing Director, Planning and Development, Kilmer Brownfield Equity Fund L.P.

Michael Whelan, Vice President, Development, BUILD Toronto Inc.


SESSION D2:
WHAT HAS HAPPENED TO THE LOW RISE HOUSING MARKET? WHERE ARE THERE STILL OPPORTUNITIES? WHAT ARE THE CHALLENGES?

While high-rise condominiums keep being developed the single family home seems to be getting harder to find and more expensive. Possibly a direct result of intensification policies in action, the price gap between high rise and low rise housing continues to grow. The combination of very limited land supply due to densification and land use policies have created a scenario that makes one question what, who and how will low rise development will continue over the near term? With significant demand for ground-related product including townhouses, row houses, semi-detached and detached houses, the dilemma is how to produce more with restricted land availability.

Lyn Townsend

Matthew Cory

Paul Golini

Neil Rodgers

Moderator & Speaker: 
Lyn Townsend, Partner, WeirFoulds LLP

Panel:
Matthew Cory, Principal, Malone Given Parsons Ltd.

Paul Golini, Executive Vice President & Co-Founder, Empire Communities

Neil Rodgers, Executive Vice President, Acquisitions, Tribute Communities


SESSION D3 :
RETAIL, PAST, PRESENT AND FUTURE: THE EVOLUTION OF THE GTA RETAIL MARKET
The 1850’s marks the birth of modern purpose built retail in Toronto. What has changed since then and how has the change come about? How did Toronto’s retail development evolve to produce current day results and what is anticipated in the next 10 years? How will the landscape change be influenced by technology, international developments, tenants, and consumer choices. Will 3D printing, on-line purchasing and a trend to mixed-use developments revolutionize the industry? This panel will examine the past, present and future of retail in Toronto taking into consideration outside influences and global forces.

Tom Smith

Mark Grenville

Tony Hernandez

Hermann Kircher

Moderator:
Tom Smith
, Senior Vice President, Development & Leasing, Enclosed Malls, SmartCentres

Panel: 
Mark Grenville, President, Grenville International Consulting Corporation 
Tony Hernandez, Director, Centre for the Study of Commercial Activity, Ryerson University 
Hermann Kircher, President, Kircher Research Associates Ltd.

AFTERNOON REFRESHMENTS

3:30 PM
EXECUTIVE ROUNDTABLE:
STRATEGIC THINKERS: WHERE IS RESIDENTIAL AND COMMERCIAL DEVELOPMENT HEADING? WHAT INSIGHTS CAN WE GAIN FROM LOCAL TO GLOBAL PERSPECTIVES?

A panel of respected senior executives representing a diverse cross-section of development activities and interest will provide their insights and perspective on development locally, nationally and internationally over the next 12-18 months. What is their strategy going forward? Where are they developing next? What opportunities, challenges and obstacles are they contemplating? What lessons can we gain from looking at national and international projects and how can they improve our practice.

Michael Emory

Garnet Watchorn

David Gerofsky

Andrew Brethour

Michael Kitt

Jordan Robins

Mark Tutton

Moderator:
Michael Emory, President & CEO, Allied Properties REIT
David Gerofsky, President & COO, Great Gulf and Chief Executive Officer, First Gulf Corporation

Panel:
Andrew Brethour, President, PMA Brethour Realty Group
Michael Kitt, Executive Vice President, Canada, Oxford Properties Group Inc.
Jordan Robins, Senior Vice President, Development, RioCan REIT 
Mark Tutton, Chief Operating Officer, Plazacorp Investments Limited 
Garnet Watchorn, Chairman, Graywood Developments


4:30 PM
NETWORKING RECEPTION