Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
VANCOUVER, BC , March 14, 2018 -- Today, West Coast firm Boughton Law announced the completion of the sale-leaseback for three Gateway Casinos & Entertainment Limited properties located in Greater Vancouver. Boughton Law represented Mesirow Realty Sale-Leaseback, Inc. (“MSRL”), the net-lease real estate investment arm of Mesirow Financial, as the company’s Canadian Counsel.
The deal, which is valued at over $500 Million, includes the acquisition of three properties, including the Grand Villa Casino in Burnaby, Starlight Casino in New Westminster and Cascades Casino in Langley. Each of the sites will continue to operate the casinos under the leases, offering the same outstanding experience with no expected changes to employees or operations at any of the three locations.
Represented by Boughton Law’s seasoned litigator and Shareholder George Cadman, George provided MSRL with strategic advice in the completion of the real estate acquisition. In addition to the team at Boughton Law, the purchase of the acquisition was arranged by Senior Managing Directors Garry Cohen and Douglas Barker. The acquisition financing was structured in collaboration with Mesirow Financial's Credit Tenant Lease (CTL) and Structured Debt group led by Senior Managing Directors Stephen Jacobson and Nathaniel Sager, as well as its Institutional Sales and Trading division. MRSL was also represented by law firm Goldberg Kohn of Chicago. Four Corners Advisors and David Solano served as the buyer's advisors on the transaction.
Upon the completion of the acquisition, Shareholder at Boughton Law George Cadman says, “A deal as large as this takes a great deal of collaboration from multiple parties. As an expert in real estate transactions in Metro Vancouver, Boughton Law was able to provide on the ground expertise to the other parties involved in the acquisition. A deal of this magnitude speaks to the calibre of the team we have here at Boughton Law and our ability to represent international companies in this capacity.”
Bennett Jones LLP and Latham & Watkins LLP served as legal counsel to Gateway. Colliers International, Capital Markets Group, also advised Gateway on the transaction.
-30-
About:
Boughton Law is a Vancouver-based law firm servicing organizations and individuals for business, dispute resolution, personal and public sector related legal matters. The distinctly West Coast law firm offers a full range of legal services inside and out of British Columbia. Boughton Law uses innovation, collaboration and out-of-the-box thinking to help provide its clients with swift, practical, effective solutions to any number of different legal matters. Bound by innovation, not tradition, Boughton Law continues to redefine the way it practices law.
Media Contact: Talk Shop Media Natalie Burgwin 604-738-2220 [email protected]
