Ontario · Receivership (court-appointed)
Supplement to Fourth Report of the Receiver dated December 8, 2025
Court officer report · 8 December 2025
What we verified from this filing11 verified
- report date8 December 2025
- report noSupplement to the Fourth Report
- cash on handamount: 11000000 · currency: CAD
- operational summaryThe Receiver's activities since the Second Report have included corresponding with counsel, closing transactions, advancing the Pilehver and Hoffner Actions, engaging JLL to market the 253 Ontario Real Property, reviewing bids, and responding to Investor inquiries.
- professional feesab fees: amount: 670934.5 · currency: CAD · receiver fees: amount: 242437.75 · currency: CAD
- closing confirmedscope: the Farhi Properties and the 5318 CT Property · outcome: completed · effective: 2025-07-04 · date basis: stated; scope: the Weaver Properties · outcome: completed · effective: 2025-08-14 · date basis: stated
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 719.61 · quote: The average hourly rate for the Receiver and A&B for the referenced billing period was $719.61 and $516.82, respectively. · scope: the Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Supplement to the Fourth Report of KSV Restructuring Inc. as Receiver and Manager · context quote: as Receiver and Manager of Clearview Garden Estates Inc., Talbot Crossing Inc., Niagara Estates of Chippawa II Inc.; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 516.82 · quote: The average hourly rate for the Receiver and A&B for the referenced billing period was $719.61 and $516.82, respectively. · scope: A&B · currency: · invoices: · firm text: A&B · firm quote: The average hourly rate for the Receiver and A&B for the referenced billing period was $719.61 and $516.82, respectively. · context quote: The average hourly rate for the Receiver and A&B for the referenced billing period was $719.61 and $516.82, respectively.
- process resultsbids: 3 · note: JLL emailed 1,542 prospective buyer contacts; three offers were submitted by the Bid Deadline. · as of: 2025-09-10 · solicited: 1542
- purchaserFarhi Farming Corporation and Farhi Holdings Corporation
- sale advisorJones Lang LaSalle Real Estate Services, Inc.
- sale outcometext: proposed sale of the 253 Ontario Real Property to Farhi pending Court approval · scope: parcel · status: pending_approval