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People & Companies News for February 16, 2024

  • Guy Metcalfe has been appointed to RioCan REIT’s board. Metcalfe will also serve on Toronto-based RioCan’s investment committee and people, culture and compensation committee. Metcalfe was previously a member of Morgan Stanley’s executive committee and, for about two decades, he led Morgan Stanley’s real estate investment banking business. He was the segment’s global executive chairman before retiring from Morgan Stanley in January. He has played a leading role in some of the largest public company transactions in the U.S. and in several major real estate deals in Europe.
  • Hazelview’s Canadian multi-family real estate portfolio has earned 100% green building certification through the Canadian Certified Rental Building Program, or BOMA Best, the company announced. The properties had to meet 55 industry-leading standards of practice, including 10 environmental standards, and over 250 specific requirements. Toronto-based Hazelview is an owner, developer and manager of global real estate investments.
  • Manulife Investment Management has named Anne Valentine Andrews as global head of private markets, effective March 4. Valentine Andrews has more than 25 years of asset management and alternatives experience. She will lead all investment teams and direct the overall strategy, business development and growth of the Toronto-based firm’s private markets business. Based in New York, she joins Manulife after spending the past nine years with BlackRock, serving most recently and managing director and global head of infrastructure and real estate.
  • AtkinsRéalis has appointed Christine Healy as president of its Asia, Middle East and Australia business. Healy’s primary focus will be on advancing AtkinsRéalis’ engineering services offering, spanning infrastructure, transportation, and clean energy segments. She joined the Montreal-based company from TotalEnergies, where she held successive senior executive positions, including senior vice-president for carbon neutrality and continental Europe. A lawyer and economist by profession, she also served as chief strategy officer and general counsel for Maersk Oil, overseeing strategy, business development, commercial development and commercial negotiations and legal matters in 14 countries. AtkinsRéalis is the new name for professional services and project management firm SNC-Lavalin, which specializes in engineering.
  • Windmill Development Group has promoted Jeremy Reeds to president. Reeds previously served as CFO and COO. He rose to those positions after joining the real estate investment and development company as finance director in December 2019. Ottawa-based Windmill is a commercial real estate investment and development company with roots in the wind-energy sector. The firm’s name was coined after John Westeinde, the father of the company’s founder, became known around Ottawa as “Mr. Windmill” for his efforts to get an authentic Dutch windmill constructed in the nation’s capital. The attempt was designed to commemorate the long friendship between Canada and Holland stemming from Canadian soldiers’ liberation of the European company near the end of World War II. At the time of the company’s formation, wind energy had not taken off, so the name Windmill Developments was available. Reeds previously served with Ottawa-based apartment developer and investor Minto Group for about eight years. During his tenure he as director, was responsible for investor reporting and played a leading role in the creation of Minto REIT.
  • Pure Industrial has named Peter McFarlane as executive vice-president and head of real estate operations. McFarlane joined Toronto-based Pure after spending eight years with Montreal-based Fiera Real Estate, most recently as head of investment operations. Before rising to that position, he served as Fiera’s senior vice-president of asset management and vice-president of pooled funds. Prior to joining Fiera, he was a vice-president with LaSalle Investment Management in Toronto for about three and a half years.
  • Karin Finley has joined Stone Creek Resorts as senior vice-president of resort development. Finley moved to Calgary-based Stone Creek after spending five years in the roles of president and CEO of AND Villages and president of AND Strategies. The Alberta firms specialize in delivering serviced land parcels and managing development land for investors. Finley is also a former vice-president and general manager of Calgary-based Qualico’s communities business unit.
  • Trent Balog has resigned from the board of Taiga Building Products. Burnaby, B.C.-based Taiga said Balog’s vision and leadership have been pivotal to the company’s achievements. Taiga is a wholesale building materials supplier. Balog formerly served as Taiga’s president and CEO. Upon completing his executive duties in 2021, he remained with the company until year-end 2023 to mentor the next generation of Taiga leadership. Balog spent about 30 years with Taiga altogether.

Inside The Story

Karin FinleyAnne Valentine Andrews

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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