FVREB & CCIM WCC Present: Fraser Valley Land Assembly Forum, October 11

On Wednesday, October 11, the Fraser Valley Real Estate Board is hosting a Land Assembly Forum in conjunction with the CCIM Western Canada Chapter.

Forum details:

  • Date: Wednesday, October 11
  • Place: Fraser Valley Real Estate Board, 15463 – 104 Avenue, Surrey
  • Continental breakfast: 8:30 am – 9 am
  • Forum: 9 am – 11 am
  • Cost: $50 plus GST

Forum description:

Land assembly is the process of forming a single site from a number of parcels of land, usually for eventual development or redevelopment.

Land assemblies can be profitable because it creates the potential for higher returns for landowners, developers and Realtors. The risks, however, are complex, creating a wider set of challenges requiring careful consideration, patience and creativity.

At this forum, we will have a moderator to introduce you to our five specialists and help you understand the intricacies of the land assembly process from their professional perspectives. Each speaker will give a 10-minute presentation followed by time for questions from those in attendance.

Moderator: Stephen Gammer, CCIM

Stephen Gammer is a Vice President at Re/Max Commercial Advantage and has been practising commercial real estate since 2005.  He specializes in office and industrial properties in the Fraser Valley. He has been a director of the Fraser Valley Real Estate Board and on committees for BCREA and CREA. He received his CCIM in 2011 and is currently the President of the CCIM Western Canadian Chapter.  He has been a contributing writer for Business in Vancouver, Surrey Business Journal and Federation of Rental Housing Providers of Ontario.

1. Darren Donnelly: Assembly and winding up of strata properties

Darren Donnelly is a Partner at the law firm Clark Wilson and Chair of its Commercial Real Estate Group, which for the last 10 years has appeared more times than any other law firm in Business in Vancouver’s annual list of Biggest Real Estate Deals.  Darren has been advising real estate developers and investors for nearly 30 years. As a member of the Urban Development Institute’s Legal Issues Committee, he provided input on the recent changes to the Strata Property Act which facilitate the winding up and sale of strata corporations.  He has been widely quoted in the media as an expert in this field.

2. Scott Thompson: Land assembly in a local government context

Scott Thompson has been the Manager, Property Services with the Township of Langley for nine years.  In this role, Scott is responsible for the delivery of a full range of real estate services including acquisitions, disposals and management of the Township’s real estate portfolio.  Prior government service includes eight years as a Senior Negotiator with Metro Vancouver and five years as a Property Agent with the City of Surrey.

3. Brad Hughes: The developer’s perspective on assembly

Brad Hughes is a real estate developer and builder who has created dozens of projects throughout the lower mainland.  Their family business, Park Ridge Homes, has built award-winning homes since 1986.  Their most successful and rewarding projects have been those where their team has purchased raw land, developed a plan and built out their vision.  Brad and Park Ridge Homes have worked with many other developers and Realtors throughout the Fraser Valley and have extensive experience and expertise in land assembly and development.  Park Ridge Homes currently has multiple projects in the planning stage through to construction and forecasts selling 80 to 100 townhomes each year.

4. Ed Landry: Profitability of residential vs. commercial development

Ed Landry is the President of Penny & Keenleyside Appraisals Ltd. and Collingwood Appraisals Ltd.. He is a professional, accredited AACI member of the Appraisal Institute of Canada, has received the RI designation from the Real Estate Institute of BC and also holds the Certified Reserve Planner (CRP) designation from the Real Estate Institute of Canada.

5. Alexander Hayne: Trends in project financing – What matters to lenders now

Alexander Hayne is a Commercial banker specializing in commercial mortgage and project financing. He acts exclusively for commercial real estate investors and developers in urban markets throughout western Canada. With over 30 years of industry experience, he has arranged and funded over $2 billion in projects including  virtually every type of commercial property and development project. His company, InstaFund Financial (Commercial) is recognized as one of western Canada’s top full-service mortgage companies providing direct access to private mortgage capital as well as funding from Canadian institutional lenders.  Alexander has a B.Comm. (Finance) from UBC and is a fellow of the Institute of Canadian Bankers.

Registration details:

  • Members: register through the TLC Calendar
  • Non-members: call 604.930.7644

Come out and hear these experts share their professional perspective on land assembly and what it can mean to you and your business!

To learn more about CCIM Western Canadian Chapter, please click here.