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People and Companies News for Week Ending July 24, 2026
- Kingswood Capital President Lorne Segal has been named a member of the Order of Canada. Segal was honoured for his “visionary, detail-driven leadership in landmark real estate development:” as well as his “enduring commitment to community service, including leadership in mental-health and youth-empowerment initiatives.” The governor-general’s office said his combined impact reflects of a “lifelong legacy of principled enterprise and meaningful civic contribution.” He joined his late father Joe Segal, a legendary commercial real estate investor and philanthropist, as a member of the Order. Lorne Segal said his honour carried special meaning for him because it connected him to his father, who first showed him what a life of contribution looks like. “He taught me that success is measured not only by what we accomplish but by what we contribute,” said Lorne Segal. “Those values have guided me throughout my life.”
- Saar Pikar will join Kensington Capital as the company’s new president on August 10. Pikar will leave his post as the head of venture capital and equity investments at the Ontario Municipal Employees Pension System. In addition, Bogdan (Bo) Cenanovic will join Kensington as managing director and head of private equity on the same date. Both Pikar and Cenanovic will become members of the firm’s investment committee, also on August 10.
- CGC raised more than $64,000 for the Safe Haven Foundation through the firm’s annual Cowboy Corral Calgary Stampede fundraiser. The Save Haven Foundation is a non-profit organization that supports girls and young women facing housing instability by providing sanctuary, stability and education pathways. The funds were raised through a silent auction. The effort brought CGC’s total amount raised for community organizations this year to more than $145,000. The event was held in partnership with the Home Depot Foundation.\
- Jonathan Turnbull has joined Woodbourne Capital as a partner after serving as head of Canada for Harrison Street Real Estate Capital for the past six years. He brings more than three decades of real estate industry experience to his new firm.
- AtkinsRéalis Group has appointed Amy Bunszel and Bill Ruh to its board of directors as part of the firm’s strategy to strengthen expertise in AI digital transformation and emerging technologies. The appointments, made following a selection process led by the board’s governance, ethics and sustainability committee, are intended to support the company’s long-term growth strategy and the integration of advanced technologies across its operations and services. Bunszel is executive vice-president of Autodesk‘s architecture, engineering and construction business, where she oversees global software platforms and has led AI and cloud-based technology initiatives, while Ruh is a veteran technology executive who previously served as CEO of Lendlease Digital and GE Digital, leading major industrial digital transformation and AI initiatives.
- Ankit Bhargarva has joined KPMG as a partner and Prairies region leader of infrastructure, capital projects and sustainability. He moved to KPMG from Deloitte, where he served as the leader of the firm’s infrastructure advisory business.
- Christie Love Thomas has been promoted to president at Jona Capital, the Love family’s investment arm, which has a controlling interest in Kingsett Capital, one of Canada’s largest institutional investment firms. Love moved up from her formper position of vice-president of strategy.
- Clarke has revamped its senior executive team and those of its subsidiaries Ravelin Properties REIT and Holloway Lodging Corporation amid a commercial real estate integration. The moves come after Clarke completed its $1.1 billion acquisition of Ravelin in May and assumed ownership of its commercial real estate portfolio under a plan of arrangement. Tom Casey has been promoted to president of Clarke from his former CFO position with the company, while George Armoyan has stepped down as president and will continue as chairman and CEO. Steve Cyr has been promoted to CFO from vice-president of accounting. Halifax-based Clarke already owned several commercial real estate assets at the time of the acquisition and has made a number of acquisitions in various parts of Canada, particularly Calgary, since then. At Ravelin, Casey and Steve Darrow have been appointed co-CEOs and will jointly oversee the REIT’s leadership, operations and strategic direction. At Holloway, Robert Sherman has been promoted to president while retaining his chief operating officer position as well. Clarke also appointed David Shahinian and Martin Pham as executive vice-presidents of U.S. real estate. They will oversee Clarke’s Chicago portfolio and lead future U.S. real estate investment activities.
- CoStar Group has appointed Mario Lefebvre as the company’s chief economist for Canada. He succeeds Carl Gomez, who joined EVP Research as its chief economist in January. Lefebvre has more than 30 years of experience in economics, real estate research and public policy. He most recently served as advisory partner at Aviseo Conseil and, since 2023, has been a lecturer in the MBA program at Université de Sherbrooke. Before joining Aviseo, he spent four years as regional director for Quebec at the Bank of Canada, where he supervised the central bank’s Business Outlook Survey across the province. He also spent four years with Ivanhoé Cambridge as the firm’s vice-president of global real estate market research.
- Power Corporation has appointed James O’Sullivan as president and CEO. He has extensive experience in the financial services industry, including the past six years as president and CEO of IGM Financial, a Power group company. Before then, he spent 29 years with Scotiabank, where he held senior leadership positions, including group head of Canadian Banking. He serves as a director and chair of certain of Power group companies, including Great-West Life and IGM Financial. Power Corporation’s holdings include GWL Realty Advisors and Sagard, a global multi-strategy alternative-asset management firm with interests in venture capital private equity, private credit and real estate.
- Park Property Management has promoted Lutz Loegters to president from his former managing director role, which he took upon joining the company in 2024. Loegters is credited with playing an integral role in advancing the organization’s strategic priorities. He has considerable experience in real estate and infrastructure investments across Canada, the United States, and Europe, with expertise spanning asset management, acquisitions, and project development. He succeeded Gerd Wengler, who retired June 30.
- NAIOP has changed its name to the Commercial Real Estate Development Association. The group said the new name builds on the association’s longstanding industry leadership while positioning it for the future. In addition, the CREDA label “more clearly communicates the breadth of its members’ work and the full scope of commercial real estate development they represent. Today’s members are creating a wide range of property types that support businesses, communities and critical infrastructure, including multifamily housing, retail destinations, logistics and fulfillment facilities, office buildings, mixed-use developments, data centers and other projects that shape how people live, work, shop, connect, innovate and thrive.”
- Forthlane Capital Partners has appointed Connor Kitchen as the head of its new office in Calgary. The office opening marked Toronto-based Forthlane’s expansion into Western Canada. Kitchen will lead the firm’s growth and client relationships across Alberta and the broader Western Canadian market. Kitchen will work in the Calgary office alongside Senior Fund Accountant Cornelia Geib.
- Full-service brand operator SIR Corp., has named Steven Pelton as the company’s new president and chief operating officer, effective July 13. He is succeeding Paul Bognar, who is entering retirement. Pelton was formerly president and CEO of Aegis Brands, which owns and operates the St. Louis Bar & Grill chain and holds the master franchise for the Sweet Jesus ice cream locations in Canada. Before then, he was a senior vice-president at Recipe Unlimited Corporation (2015-2019) and co-founder and CEO of the Landing Group of Restaurants.
- Joanne McNamara will leave Oxford Properties to become CEO of British Land. McNamara serves as Toronto-based Oxford’s executive vice-president for Europe. She joined Oxford in 2010 and has more than 20 years of real estate industry experience. Due to a maximum six-month notice period, McNamara is expected to join British Land by November 30 at the latest. Prior to joining Oxford, she worked at Hammerson and DTZ.
- Breno Lima has joined CBRE Investments as a director and client solutions officer, based in Toronto. Lima has about 16 years of experience across institutional and private wealth markets in Canada. Most recently, he served as vice-president at Slate Asset Management in Montreal.
- Valan‘s board and executive team have been revamped following the valve manufacturing company’s sale to private-equity investment firm Birch Hill. Ivan Velan, Peter Velan, Rob Velan and Tom Velan. Patrick Duncan, a partner at Birch Hill, has been appointed chair of the board. Joshua Lundy, Jim Mannebach and Shauna Gamble joined the board as Birch Hill nominees, while Daniel Desjardins, Edward Kernaghan and Suzanne Blanchet remain independent directors. Desjardins has been named lead director. Mannebach retired as CEO and stepped down as board chair but will remain a director and assist with the transition.
- The OIM Group has appointed Damon Knights as a vice-president and head of residential lending. He moved to OIM from a leading Canadian financial institution, where he served as vice-president of sales and distribution in its personal banking segment. Knights has more than two decades of experience in banking, lending and financial services.
- Arcadis has strengthened its Vancouver team with the appointments of Maren McBride as principal and landscape architect, Antoine Henry as senior project manager, and Sahar Safaie as disaster and climate risk management specialist. McBride brings more than 17 years of experience in landscape architecture, urban design, and planning, and will help expand Arcadis’ landscape architecture and urbanism practice across Western Canada after previous roles with Dialog and PWL Partnership Landscape Architects. Henry, a civil engineer with 18 years of experience in transportation infrastructure projects, joins from Arcadis’ Paris office and has also held positions with Bouygues Construction and Eiffage. Safaie brings nearly 20 years of expertise in climate adaptation and disaster risk management, most recently leading Sage On Earth Consulting and previously working with the United Nations Office for Disaster Risk Reduction, The World Bank, Klohn Crippen Berger, and Pomeroy Engineering Consultants. Founded in 1888, Arcadis employs more than 34,000 people globally and provides services across architecture, engineering, environmental management, asset management, and business advisory.
- Activate has appointed Scott Shultz as chief technology officer. Shultz is a seasoned technology executive and AI strategist with more than 30 years of experience leading tech innovation and growth for some of North America’s leading organizations, including Exeter Finance, Topgolf, and Main Event Entertainment. Winnipeg-based Activate ranks as the world’s leading active gaming company, says the firm. Activate has more than 75 locations across Canada, the U.S., Denmark, France, Finland, Malaysia, Mexico, Norway, Sweden, the U.K., and the U.A.E.
- Allied Properties REIT has named Craig MacIntyre as its new CFO, effective July 29. MacIntyre has nearly two decades of experience in capital markets, corporate finance, strategic transactions, investor relations, and portfolio management. Most recently, he served as vice-president of investments amd corporate development at Choice Properties REIT, where he headed acquisitions, dispositions, capital allocation, and strategic initiatives.
- Capital Power has appointed Kevin Macintosh as vice-president of finance and CFO. Macintosh has more than 30 years of financial experience. He now leads the company’s treasury, financial reporting, financial planning and analysis, tax and investor relations. He is also responsible for Capital’s enterprise risk management processes. Prior to joining Capital, he served as vice-president and controller for Suncor.
- Cameron Stephens Mortgage Capital has appointed Steve Cameron as president and CEO. Scott Cameron, a company co-founder, has transitioned to the role of executive chairman, remaining actively engaged in credit oversight, investment committee leadership, and the firm’s most important investor relationships. Scott Cameron co-founded the company with George Frankfort in 2004 and helped grow assets under management to $12 billion from $50 million. Steve Cameron joined the firm in 2011 as is credited with becoming the “operational and strategic force behind its most significant growth period.”
- Evan Kirsh has left his position as president of Starlight U.S. Residential LP to pursue other career opportunities. Kirsh served as president of the limited since the inception of its predecessor in 2021. Daniel Drimmer, CEO of the LP and parent Starlight Invesments, praised Kirsh for his valuable contribution to the LP throughout his tenure, crediting him with playing an important role. Drimmer has assumed the role of the LP’s president and day-to-day responsibilities for it, withs support from team members.
- Ugo Bizzarri, founder and executive chair of Hazelview Investments has received a Rental Housing Canada Lifetime Achievement Award. The award program recognizes individuals who have made a lasting impact on Canads’s rental-housing sector through leadership, advocacy and a commitment to building better communities across the country. Bizzari co-founded the company now known as Hazelview in 1999 and has grown a former domestic investor and operator into a global investment firm with $11.2 billion in assets under management across 19 offices in Canada, the U.S., Europe and Hong Kong. Hazelview has owned and managed approximately 34,000 rental homes across six provinces and 21 cities in Canada, supplying 1,442 rental homes as of March 31.
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