Frank S.A. Arnone

Partner

Frank S.A. Arnone

Frank S.A. Arnone

Partner

Bar Admissions
  • Ontario, 2002

Frank achieves success for clients by anticipating and responding to the challenges of large and complex transactions.

A detail-oriented lawyer who doesn’t lose sight of the big picture, Frank specializes in commercial real estate — advising on sales, purchases, leases and financing transactions. He offers insightful counsel to clients in structuring a transaction, including the implementation of co-ownerships, joint ventures and partnership structures. Leading Canadian and international real estate owners, investors and developers trust Frank’s business acumen and value his creative and practical solutions — as do many large Canadian pension funds and institutional investors.

Frank has played a key role in a variety of prominent public and private transactions, including the development of hospitals, office complexes, research and development centres and other mixed-use projects.

Frank S.A. Arnone

Partner

Frank achieves success for clients by anticipating and responding to the challenges of large and complex transactions.

A detail-oriented lawyer who doesn’t lose sight of the big picture, Frank specializes in commercial real estate — advising on sales, purchases, leases and financing transactions. He offers insightful counsel to clients in structuring a transaction, including the implementation of co-ownerships, joint ventures and partnership structures. Leading Canadian and international real estate owners, investors and developers trust Frank’s business acumen and value his creative and practical solutions — as do many large Canadian pension funds and institutional investors.

Frank has played a key role in a variety of prominent public and private transactions, including the development of hospitals, office complexes, research and development centres and other mixed-use projects.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board (CPPIB) in its $1.175-billion acquisition of a 50% interest in Canadian office portfolio from Oxford Properties Group (Oxford). Oxford will continue to manage the properties on behalf of the partnership. The transaction brings the total size of the jointly owned Oxford-CPPIB office portfolio to over 12 million square feet.

Canada Pension Plan Investment Board (CPPIB)

Acted for the Canada Pension Plan Investment Board (CPPIB) in the $105-million acquisition from Minto Properties Inc. of an undivided 60% ownership interest in Minto High Park Village, a multifamily rental property comprising three apartment buildings and approximately 750 rental units. Minto will continue to own an undivided 40% interest in the property and will continue to oversee management and leasing on behalf of the co-owners. This transaction marks CPPIB's first direct investment in the Canadian multifamily real estate market.

The Blackstone Group

Acted as Canadian counsel to The Blackstone Group in connection with the acquisition of GE Capital Real Estate's assets in a transaction valued at approximately US$23 billion.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with its joint venture with WAM Development Group and Walton Group of Companies to develop a 250-acre industrial site in northwest Edmonton, Alberta. CPPIB's initial equity commitment is approximately $200 million for phase one of the development, representing an 85% interest in the joint venture.

Edgecrest Capital Corporation and Canaccord Genuity Corp.

Acted for a syndicate of agents consisting of Edgecrest Capital and Canaccord Genuity in connection with a two tranche public offering of $62-million of convertible unsecured subordinated debentures and common share purchase warrants of North American Palladium Ltd. The securities were offered in Canada by way of a prospectus and in the United States by way of a registration statement filed under the Multi-Jurisdictional Disclosure System.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of one shopping centre located in Ontario and one shopping centre located in British Columbia to Retrocom Real Estate Investment Trust and its affiliates for approximately $61 million.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with the sale to Ivanhoé Cambridge of a 50% interest in Carrefour de l'Estrie shopping centre located in Sherbrooke, Québec, which is the largest shopping centre in Québec's Eastern Townships region, and the resulting joint venture.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with a 50/50 Canadian retail joint venture with Oxford Properties Group. As part of the transaction, CPPIB acquired a 50% interest in the approximately 1 million square foot Upper Canada Mall, in Ontario, from Oxford Properties Group, and Oxford Properties Group acquired a 50% interest in the 1.5 million square foot Les Galeries de la Capitale shopping centre, in Québec, from CPPIB.

City of Toronto

Acted for the City of Toronto in the Toronto waterfront revitalization project, including negotiations with private developers and government ministries and agencies, advising on issues such as public ownership of lands, governance, environmental liabilities and protections and the negotiation of procurement, design, development, construction and financing documentation.

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Ontario

The Canadian Legal Lexpert Directory—Corporate Commercial Law; Property Development; Property Leasing

The Best Lawyers in Canada—Corporate Law; Real Estate Law

Bar Admissions

Ontario, 2002

Education

Queen’s University, LLB, 2000
York University, BA (Specialized Hons) (Public Policy & Administration), 1996

Frank achieves success for clients by anticipating and responding to the challenges of large and complex transactions.

A detail-oriented lawyer who doesn’t lose sight of the big picture, Frank specializes in commercial real estate — advising on sales, purchases, leases and financing transactions. He offers insightful counsel to clients in structuring a transaction, including the implementation of co-ownerships, joint ventures and partnership structures. Leading Canadian and international real estate owners, investors and developers trust Frank’s business acumen and value his creative and practical solutions — as do many large Canadian pension funds and institutional investors.

Frank has played a key role in a variety of prominent public and private transactions, including the development of hospitals, office complexes, research and development centres and other mixed-use projects.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board (CPPIB) in its $1.175-billion acquisition of a 50% interest in Canadian office portfolio from Oxford Properties Group (Oxford). Oxford will continue to manage the properties on behalf of the partnership. The transaction brings the total size of the jointly owned Oxford-CPPIB office portfolio to over 12 million square feet.

Canada Pension Plan Investment Board (CPPIB)

Acted for the Canada Pension Plan Investment Board (CPPIB) in the $105-million acquisition from Minto Properties Inc. of an undivided 60% ownership interest in Minto High Park Village, a multifamily rental property comprising three apartment buildings and approximately 750 rental units. Minto will continue to own an undivided 40% interest in the property and will continue to oversee management and leasing on behalf of the co-owners. This transaction marks CPPIB's first direct investment in the Canadian multifamily real estate market.

The Blackstone Group

Acted as Canadian counsel to The Blackstone Group in connection with the acquisition of GE Capital Real Estate's assets in a transaction valued at approximately US$23 billion.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with its joint venture with WAM Development Group and Walton Group of Companies to develop a 250-acre industrial site in northwest Edmonton, Alberta. CPPIB's initial equity commitment is approximately $200 million for phase one of the development, representing an 85% interest in the joint venture.

Edgecrest Capital Corporation and Canaccord Genuity Corp.

Acted for a syndicate of agents consisting of Edgecrest Capital and Canaccord Genuity in connection with a two tranche public offering of $62-million of convertible unsecured subordinated debentures and common share purchase warrants of North American Palladium Ltd. The securities were offered in Canada by way of a prospectus and in the United States by way of a registration statement filed under the Multi-Jurisdictional Disclosure System.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of one shopping centre located in Ontario and one shopping centre located in British Columbia to Retrocom Real Estate Investment Trust and its affiliates for approximately $61 million.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with the sale to Ivanhoé Cambridge of a 50% interest in Carrefour de l'Estrie shopping centre located in Sherbrooke, Québec, which is the largest shopping centre in Québec's Eastern Townships region, and the resulting joint venture.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with a 50/50 Canadian retail joint venture with Oxford Properties Group. As part of the transaction, CPPIB acquired a 50% interest in the approximately 1 million square foot Upper Canada Mall, in Ontario, from Oxford Properties Group, and Oxford Properties Group acquired a 50% interest in the 1.5 million square foot Les Galeries de la Capitale shopping centre, in Québec, from CPPIB.

City of Toronto

Acted for the City of Toronto in the Toronto waterfront revitalization project, including negotiations with private developers and government ministries and agencies, advising on issues such as public ownership of lands, governance, environmental liabilities and protections and the negotiation of procurement, design, development, construction and financing documentation.

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Ontario

The Canadian Legal Lexpert Directory—Corporate Commercial Law; Property Development; Property Leasing

The Best Lawyers in Canada—Corporate Law; Real Estate Law

Bar Admissions

Ontario, 2002

Education

Queen’s University, LLB, 2000
York University, BA (Specialized Hons) (Public Policy & Administration), 1996