The Panel Kit · Dark Horse Works
Dark Horse Works · private working paper

The panel kit.

This is the hiring tool for your four advisors: a lawyer, a renting broker, a selling broker, and a tax and wealth planner. It matters because the team, not any single expert, is what keeps one confident voice from deciding your retirement. One screen per advisor: who to call, what to ask, and room to score the answers. Scores save in this browser and come out as one file at the end.

Private. For Adam and Trudy only. Candidate names and your scores sit side by side here; hand no part of this to a candidate.

How to run it

Ground rules for the interviews. They matter because they keep one charming meeting from deciding a retirement asset.

Interview at least two finalists per seat, so every answer has something to be compared against.

Keep the leasing and sales interviews separate and blind to each other until both have reported back. That is the whole point of a panel.

A finalist who volunteers their own conflict points scores up, not down. Candor about incentives is the trait you are buying.

The total is a tie-breaker, not a verdict. One disqualifying answer, evasive on conflicts, blames the market, cannot produce a comparable file, outweighs a high total.

Verify credentials before the interview, not after. Registry names sit with each seat.

The call order

Who to phone, in what order. The order matters because each advisor’s work feeds the next one’s.

01

Lawyer first. A first memo at a fixed price: what your lease actually says, how the two lots are legally set up, and what not to say to the tenant meanwhile. Nothing goes to the tenant before this exists.

02

Brokers second, quietly. Two renting brokers and two selling brokers pitch against each other, under a confidentiality agreement, from a one-page summary that names no address. Nobody gets the full lease yet.

03

Wealth and tax last. Hire this seat once the lawyer’s memo and the brokers’ first price reads exist, so the tax math compares real choices, not guesses.

How they charge

This matters because a fee’s shape can quietly steer the advice.

Brokers · fees are negotiable, never set by the regulator. Insist on a written fee for each outcome (a new tenant, a lease transfer, or a sale) and refuse one blended fee that pays the same whichever way the broker steers you.

Lawyer · a fixed price for the first stage, then an estimate per stage after that.

Tax and wealth · a fixed planning fee, kept separate from managing your money, with the full fee schedule in writing before they see your finances.

Keys 1–6 jump between screens.
Seat 1 of 4 · who would rent it

The renting broker

This is the broker who finds tenants for buildings like yours and works for the owner, not the renter. The seat matters because every option you have, hold, transfer, or sell, rests on what a real tenant would pay for your space. The formal title to search: landlord-rep industrial leasing broker.

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Before the interview, check them in the BCFSA “Find a Professional” registry, both the person and the company that signs the agreement.

First call

Kevin Volz Cushman & Wakefield, Vancouver

Strongest public fit for Tri-Cities, owner-side, small-to-mid-bay industrial.

1 · 90

Kevin VolzCushman & Wakefield

20+ years, 1,400+ industrial transactions, small-to-medium-bay focus across Fraser Valley, Tri-Cities, Maple Ridge; Tri-Cities Chamber and Coquitlam economic-development committee.

Test whether Kevin himself runs the file, and his landlord-side versus tenant-side mix.

2 · 88

Adam MitchellColliers

450+ transactions across Burnaby, Tri-Cities, Western Fraser Valley; marketed a sold Coquitlam Mayfair Industrial Park site; can run a find-a-tenant search without losing sight of a sale.

Also does occupier work; ask how he keeps a landlord frame on this mandate.

3 · 85

Avison Young Industrial Advisory GroupKerr · Lehman · White · Cartwright

204 transactions, 1.2M sq ft in 2024; a real team if finding tenants, transferring the lease, and courting buy-to-occupy buyers all run at once.

Metro-wide rather than Tri-Cities niche; blends sales and leasing, so guard the lease-versus-sell distinction.

4 · 84

Justin FisherCBRE

C$130M volume in 2024 across 21 sales and 19 leases; Vitacore’s 62,000 sq ft Port Coquitlam lease is directly relevant corridor work.

Fraser Valley tilt; both landlord and tenant practice.

5 · 80

Joe InksterCBRE

Team advised on 397 transactions and C$2.4B+ over five years; senior enough to challenge stale assumptions.

Less Tri-Cities-specific in public materials.

The interview questions · ask as written, score each answer 1–5

1. How will you discover which version of this property the market values most, while keeping our leverage intact?

Strong · A quiet, ring-fenced user-sounding campaign; scenario-tests one combined bay vs. re-demise; clear rules on what is disclosed to the tenant and prospects.

Weak · Jumps to “we’ll blast it out”; treats leverage as an afterthought.

2. Show us your last three Tri-Cities landlord-side industrial vacancy, sublease, or assignment files. How much of your last 24 months was landlord-side here versus tenant-side elsewhere?

Strong · Addresses, bay sizes, timelines, outcomes, and a real Tri-Cities landlord share.

Weak · Undated “we do this all the time,” or “we do both sides equally.”

3. For ~20,000 sq ft combined on two legal parcels, what user sets do you test first, and what would make you separate the space?

Strong · Segments by manufacturing, service industrial, warehouse, owner-user; names the thresholds that justify re-demising.

Weak · Offers only rent comps.

4. What would you do in the first 21 days that our current brokers likely did not?

Strong · Targeted call list, tour calendar, broker-to-broker canvass, specific collateral, decision gates.

Weak · Blames the market or the prior broker.

5. How do you get paid if the path changes, replacement lease, to sublease consent, to sale? Where could your incentives distort?

Strong · Volunteers conflict points; proposes credits and clear fee mechanics.

Weak · Waves the question away.

Your scorecards · add each person you interview
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Seat 2 of 4 · who would buy it

The selling broker

This is the broker who sells industrial buildings and knows who is buying them. The seat matters because “sell it” only becomes a real option once someone who writes cheques says what they would pay, with the tenant in place or with the building empty. The formal title to search: industrial investment-sales broker.

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Check them in BCFSA too, and confirm whether the job covers the sale only or quietly captures the renting work as well. Keep this seat at a different firm from Seat 1, at least until both have reported.

First call

Joel Barnett CBRE, Vancouver

Strongest documented disposition record across investor and owner-user channels.

1 · 91

Joel BarnettCBRE

C$1B+ closed for owners, private investors, institutions, and owner-occupiers; #1 industrial broker, CBRE Vancouver, 2025.

Probe his exact Coquitlam comparables.

2 · 87

Adam MitchellColliers

Best Tri-Cities fit if the likely buyer is a business that would move in, rather than an investor buying the rent.

Test how he values income versus vacant possession.

3 · 85

Justin FisherCBRE

21 sales and 19 leases in 2024; credible on owner-user demand and replacement-tenant scenarios at once.

Development and strata tilt; test Coquitlam investor depth.

4 · 83

Stirling RichmondCBRE Private Capital

The numbers specialist: what income buildings are worth and how buyers finance them; C$2.5B+ analyzed.

More big-investor world than local tenant world.

5 · 81

Avison Young Industrial Advisory GroupKerr · Lehman · White · Cartwright

Team test of both freestanding owner-user buyers and investment-sale interest.

Breadth can blur the independence line if used for both seats.

6 · 79

Bruce HyndsCBRE

725 industrial and commercial transactions since 1984; deep operational fluency.

Recent local comparables thinner in public sources.

Note on your above-market rent: selling with the lease in place is weaker than it looks, because a buyer will not pay full price for high rent from a tenant who is visibly trying to leave. A strong candidate raises this without being asked.

The interview questions · ask as written, score each answer 1–5

1. Which buyer pools are genuinely in play, private investors, owner-users, split-parcel buyers, developers, and why?

Strong · Segments the market; explains how the in-place lease helps or hurts each pool.

Weak · “All of the above.”

2. How would you test leased-fee value against vacant-possession value without giving the tenant or the market leverage?

Strong · Controlled outreach, staged pricing hypotheses, information discipline.

Weak · Public marketing on day one.

3. What does the two-parcel structure do to financing, underwriting, and buyer psychology?

Strong · Talks title, lenders, owner-user flexibility, whether the split widens or narrows the pool.

Weak · “Probably doesn’t matter.”

4. Give us three recent industrial sales where lease status materially changed value. What did buyers care about most?

Strong · Specific examples.

Weak · Stays theoretical.

5. If selling today were not the best path, what evidence would you expect to find?

Strong · Intellectually honest; names what would disconfirm their thesis.

Weak · Sounds like a pitch deck.

Your scorecards · add each person you interview
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Seat 3 of 4 · what the lease allows

The lawyer

This is your lawyer for the lease and any deal that follows. The seat matters because your leverage lives in the lease’s exact words, and one friendly email can sign it away. The search: a BC commercial real estate lawyer.

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Check them in the Law Society of BC Lawyer Directory: status, restrictions, discipline. Require a formal conflict check before they see the lease. This seat is hired first.

First call

Peter Anderson Boughton Law, Vancouver

Best practical commercial-leasing fit for a landlord-side surrender, assignment, and disposition file.

1 · 90

Peter AndersonBoughton Law

Best Lawyers for commercial leasing and real estate since 2021; a firm big enough for depth, right-sized so a mid-size private file gets senior attention.

Boughton acts both sides; run the conflict check first.

2 · 87

Serene ChowBoughton Law

Leasing documents and negotiation, industrial included; strong on consent, surrender, restoration language.

Less disposition emphasis than Anderson.

3 · 85

Allison MacInnisFasken

20+ years across acquisitions and leasing; strong where lease restructure meets a sale.

Large national firm; confirm partner-level day-to-day.

4 · 83

Carmine BoskovichFasken

Co-leads the real estate practice; right if this becomes an end-the-lease-and-sell-in-one-moment deal or a complex two-parcel transaction.

Likely a higher cost band than the file needs at the start.

5 · 80

Chad TravisLawson Lundell

Leasing plus municipal and title; useful if the two-parcel history creates physical or planning complications.

Less industrial-leasing depth in public materials.

6 · 79

Serge LakatosBLG

Industrial lease drafting and negotiation at national scale.

More institutional and big-file oriented than this mandate.

The interview questions · ask as written, score each answer 1–5

1. Walk us through the landlord decision tree when a tenant asks for early relief but we want maximum sale optionality.

Strong · Separates lease language, remedy election, consent rights, sale consequences.

Weak · Speaks in abstractions.

2. On a first-pass lease review, what clauses are you hunting for before we answer the tenant at all?

Strong · Names assignment, subletting, consent standards, recapture, surrender, default, remedies, notice, estoppel and SNDA, relocation, operating-cost, demolition and redevelopment.

Weak · “It depends,” no checklist.

3. How do you protect a landlord from waiving leverage while still sounding cooperative?

Strong · Reservation of rights, non-waiver language, controlled communications, sequencing of letters.

Weak · Casual about email correspondence.

4. How would you coordinate with separate leasing and sales brokers without one process prejudicing the other?

Strong · Privileged issue memos, approved talking points, document-room controls, who says what to whom.

Weak · Assumes everyone can freestyle.

5. Tell us about recent files: assignments, subleases, terminations, or landlords selling encumbered industrial property.

Strong · Concrete and current.

Weak · Leans on broad reputation.

Your scorecards · add each person you interview
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Seat 4 of 4 · what you live on after

The tax and wealth planner

This is the advisor who turns any path into what you would actually live on, after tax. The seat matters because a big sale price and a good retirement are not the same number.

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Check CPABC; if they would also manage investments, the CSA National Registration Search and CIRO AdvisorReport; the TEP credential via STEP. This seat is hired last, after the lawyer’s memo and both brokers’ reports, so market opinion becomes an after-tax decision.

First call

Steve Ivacko MNP Family Office Services, Vancouver

Best integrated fit for tax, estate, continuity, and retirement-income framing.

1 · 90

Steve IvackoMNP Family Office Services

CPA, CMA, TEP, FEA; tax, estate, continuity, and governance for business-owner families; past president, Estate Planning Council of Vancouver.

Keep the engagement scoped to after-tax option comparison, not a family-office upsell.

2 · 87

Kam NatBDO Canada

Tax partner for private companies and HNW families; reorganizations, estates, trusts, divestitures; real estate industry list; STEP member.

Tax-technical more than retirement-income design; may need pairing.

3 · 84

Lynne ZulianDoane Grant Thornton

HNW tax, succession, and estate planning with real estate industry experience and transaction awareness.

Less explicit on drawdown design.

4 · 82

Kerry SmithMNP Family Office Services

National family-office lead; cash flow, retirement, strategic tax and estate planning.

Public profile leans to incorporated professionals.

5 · 80

Yogesh BhathellaDoane Grant Thornton

Tax, estate, and succession for family-held businesses; wealth preservation and reorganizations.

Confirm who leads a Metro Vancouver file day to day.

6 · 76

Ethan AstanehNicola Wealth

Retirement income planning and life-after-sale portfolio modeling for retirees and business owners.

Strongest pull toward “sell and invest it with us” on the list; not a substitute for a CPA-led tax memo.

The interview questions · ask as written, score each answer 1–5

1. Walk us through the after-tax picture of a sale, capital gains, CCA recapture, transaction costs, before we fall in love with a headline price.

Strong · Distinguishes gross from after-everything; names recapture as a specific bite.

Weak · Talks only about the sale price.

2. If we sell, how do we replace this income, and what is the reinvestment risk?

Strong · Models the cheque-versus-portfolio tradeoff; addresses inflation and longevity.

Weak · Assumes proceeds redeploy at the same yield.

3. How do you handle it when one spouse prioritizes liquidity and the other prioritizes predictability?

Strong · Treats it as a real planning input, not a footnote.

Weak · Ignores the tension.

4. Is this building meant to be spent or passed on, and how does that change the structure?

Strong · Connects the estate question to the tax and sale structure.

Weak · Doesn’t ask.

5. How are you paid, and where could that steer your advice?

Strong · Distinguishes planning fee from AUM; offers a project-fee planning engagement first.

Weak · AUM relationship baked in from the start.

Your scorecards · add each person you interview
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Decide · run once, across the whole panel

The independence gate

This is the last check before you hire anyone. It matters because four advisors who cannot disagree will give you one opinion four times, at four prices. Confirm every line before you finalize.

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The record

Everything you scored: finalists, answers, checks, and the gate. It matters because this file is what you compare notes over, and what sets the agenda if we talk. Saved in this browser, out as one plain-text file.