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Canada  + Cross Border News  + Finance  | 
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People & Companies News for Week Ending July 18, 2025

  • Joseph Feldman has been promoted to president and chief operating officer at Camrost Felcorp. He takes over daily operations from his father David Feldman, the company’s founder, chairman and CEO. Joseph Feldman joined the company in 2014. He has held the COO role since 2020.
  • Secure Capital, a large commercial real estate mortgage provider investment-fund manager, says on LinkedIn that it has partnered with Olympia Trust to provide its investors with an “added layer of security, transparency and peace of mind.”
  • EQB, the parent of Equitable Bank, a large commercial real estate mortgage provider, has appointed Chadwick Westlake as its new president and CEO, effective August 25. Westlake rejoins the bank after a brief stint as CFO of Open Text, where he moved in March. Westlake was formerly the bank’s head of finance. He succeeds late CEO Andrew Moor, who died unexpectedly in June. Westlake will also join the bank’s board. Marlene Lenarduzzi will remain as interim president and CEO until Westlake takes the helm. Lenarduzzi will then resume her role as chief risk officer.
  • Secure Waste Infrastructure raised a record $1 million at its annual Calgary Stampede Breakfast during the 10-day exhibition. More than 800 guests attended the July 9 event. Proceeds will go to STARS Air Ambulance, Classroom Champions, KidSport Calgary and Providence, which provide early-intervention and inclusive education to children with developmental delays and disabilities.
  • The 2025 Dream Lottery has launched with 10 new luxury homes in Vancouver and across B.C., available to lucky winners. Other prizes include $2.5 million in cash. Proceeds will go to the B.C. Children’s Hospital Foundation. The lottery will run until October 10.
  • IDA Canada, the International Downtown Association‘s Canadian chapter, will hold Downtown Month across Canada in August. Downtown Month will celebrate and showcase the vital role that downtowns play in communities throughout the country. IDA Canada advocates for federal leaders to strengthen Canada’s downtowns. The organization’s policy priorities include: Investing in infrastructure and public spaces to promote vibrancy and accessibility; increasing housing density; supporting local businesses and entrepreneurs; addressing homelessness, mental health and addictions; and ensuring downtowns remain safe and inclusive spaces through reforms to the bail system and justice policies. IDA Canada is encouraging its members to promote the importance of downtowns by sharing key messages and engaging their communities during Downtown Month.
  • Choice Properties is hosting the Lots of Play event until the end of July. The new series of free events open to all ages in communities across the Greater Toronto Area. Choice has joined forces on the series with its program partner VIBE Arts. According to a Choice spokeswoman, the neighbourhood popup series is part of a broader trend of reclaiming public spaces while transforming parking lots and sidewalks into vibrant gathering places. Lots of Play also creates spaces where local artists, small businesses and the community can come together.
  • Lyndsay Hopps has joined JLL Canada as senior vice-president of industrial in the company’s Mississauga, Ont., office. Hopps will leverage her extensive experience as an industrial real estate specialist in the Greater Toronto Area (GTA) market to serve clients in leasing, acquisition, and disposition of industrial facilities, with a specific focus on the GTA West submarket, said JLL. She has two decades of industry experience. In another move, the company promoted Julian Smith to senior vice-president of climate and decarbonization practice director. He previously served as the global lead of asset and performance modelling.
  • Phil De Luna has resigned as Deep Sky‘s chief science and commercial officer to pursue other opportunities. In a LinkedIn post said he joined Deep Sky to learn how to build a company and has reached a point where he wants to take on a new challenge. Deep Sky is a carbon-removal startup that recently opened its first commercial facility in Innisfail, Alta.
  • The City of Burnaby, B.C., has named its first CEO of its new municipal housing authority. McEown brings more than a decade of affordable-housing experience to his new role. He most recently served as associate vice-president of development strategies at BC Housing.
  • Graywood Developments has appointed Gregory Sweeney as chief operating officer. Sweeney moved to Graywood after spending seven years with Manulife Investment Management, most recently as a senior managing director and head of Canadian real estate equity transactions and capital markets.
  • Lena Kamenetska has joined Hazelview Investments as a partner responsible for investor relations and asset management.
  • David Blyth has joined GWL Realty Advisors as vice-president of corporate development and investor relations. Blyth brings more than 20 years of experience with expertise in institutional sales, relationship management, and investor engagement to Toronto-based GWLRA. The company said Blyth is taking on a newly developed role and will lead lead its capital-raising and client-servicing efforts, support the development of new product offerings, and help deepen client relationships—starting with the GWLRA Residential Value Fund.
  • GWLRA has also appointed Namit Bhasvar as vice-president of residential leasing and marketing. He has 18 years of experience in real estate and hospitality and is known for building strong teams, fostering partnerships, and driving results through collaboration and innovation.

    He will lead GWLRA’s residential leasing and marketing strategies, supporting the company’s vision for growth and excellence in the multi-residential space.
  • Kingsett Capital CEO Rob Kumer has been appointed as co-chair of the Toronto-based Sinai Health Foundation‘s board of directors. He has been an active member of the board since 2017 and also serves on the board of Sinai Health.
  • James Isenberg has joined QuadReal as vice-president of human resources. He moved to QuadReal after 13 years with CAPREIT.
  • Oren Jourdan has been appointed director of construction and development for Allied Properties REIT. He previously served as director of development at Great Gulf.
  • Ravelin Properties REIT has appointed Calvin Younger as chair of its board. Meanwhile, George Armoyan as resigned as board chair but will continue to serve as a member. Armoyan is the majority owner of the REIT through his family-owned firm G2S2 Capital. Younger had been a member of the board since March. He has held real estate-related senior executive roles with CIBC, Ernst & Young and a subsidiary and Deutsche Bank Canada. He is also an executive-in-residence and adjunct professor at the University of Toronto’s Rotman School of Management.
  • Andrew Bernd has moved to Lankin Investments to serve as the company’s director of private capital markets. He spent the past three years as manager of private capital markets for McGillivray.
  • Michael Rosenfeld has joined 407 International‘s board. The company owns Highway 407 ETR, a Greater Toronto Area express toll route, through a subsidiary. Rosenfeld is the managing director of the Public Sector Pension Plan Investment Board. Meanwhile, Jose Espinosa has been appointed as president and CEO of 407 ETR. He succeeds Javier Tamargo, who had served in that role since 2020. Tamargo has been named CEO of Cintra US, a Ferrovial subsidiary and leading private-sector transportation infrastructure company.
  • Avison Young Controller Jennifer Kosloski is the new president-elect for Toronto CREW. Vera Gisarov, founder and principal of Studio Athena was elected as this year’s president.
  • Avison Young has appointed Hadley Duncan as a principal and senior director of the valuation and advisory services team in Toronto. He will lead a team specializing in industrial, office and land valuations. He will focus on the Greater Toronto Area but also support clients across Ontario.
  • JLL has launched its 2025 campaign with Breakfast Club of Canada and reached a fundraising milestone to support school breakfast programs across Canada. JLL and Breakfast Club are celebrating the 10th anniversary of their partnership.
  • Alex Petre has been promoted to CEO of Deep Sky. Petre moved up from her previous position of chief operating officer. She replaces the highly praised Damien Steel who stepped down for personal reasons. Montreal-based Deep Sky is developing a series of carbon-removal facilities.
  • JLL has expanded its valuation and risk advisory practice. Charles-André Latour and Sébastien Samuel were both appointed as vice-presidents of Canadian valuation and risk advisory. Latour has more than 20 years of experience in the field, while Samuel has 15.
  • Nicola Real Estate‘s Lightworks office building in Vancouver has garnered the Outstanding Building of the Year award from BOMA BC. Lightworks won in the Office Under 100,000 Square Feet category.
  • Benjamin Shinewald, president and CEO of BOMA Canada has been awarded the prestigious King Charles III Coronation Medal. He was nominated by the Rick Hansen Foundation. The honour recognizes individuals who have made significant contributions to Canada.
  • JLL has appointed Scott Barras to oversee business operations and drive growth as the firm’s Work Dynamics group lead. Barras will help clients primarily based and operating in Canada drive maximum value from their real estate portfolios. He has 18 years of experience in corporate real estate and has focused recently on with a recent focus on workplace strategy, portfolio transformation and project management across Europe, the Middle East and Asia Pacific.
  • CreateTO, a City of Toronto real estate entity, has promoted Shoon Huggett to vice-president of financial analysis and advisory services. He previously served as director of financial analysis and advisory services.
  • The Canada Pension Plan Investment Board has promoted Palak Trivedi to managing director of infrastructure. He previously served as principal of infrastructure.
  • AtkinsRéalis Group (formerly SNC-Lavalin) has appointed Louis G. Véronneau, effective August 23. He rejoins the global engineering and infrastructure firm. He left his role as global managing director and senior head of real estate investments at the Public Sector Plan Investment Board, where he spent about two years in real estate investment roles. He previously spent two years at AtkinsRéalis, then known as SNC-Lavalin, between 2020 and 2022, serving as vice-president and chief transformation officer.
  • Avison Young Principal Jeff Flemington raised nearly $100,000, up considerably from the previously tabulated $63,000, while completing his 4,340-kilometre cycling journey along the largely unpaved Great Divide Mountain Bike Route to Banff, Alta., in support of cancer research. Flemington raised the funds for the Canadian Cancer Society, exceeding his original goal. He cycled to Banff from New Mexico. The five-week solo journey, dubbed Project 55 paid tribute to Flemington’s colleagues, Sarah Campbell and Kiana Kasaei, and their personal battles with cancer. His initial goal was to raise $55,000 to support research into brain cancer and breast cancer, the respective diagnoses that have affected Kasaei and Campbell. The fundraising project has secured a 50% matching program through Toronto’s Princess Margaret Cancer Centre Lunenfeld-Tanenbaum Research Institute. People wishing to contribute funds can donate through the Project 55 website.
  • Tony Irwin has been appointed president and CEO of the Canadian Federation of Apartment Associations. The group has rebranded, dropping its former Rental Housing Canada name, while Irwin retains the same positions. The new roles mark a promotion for Irwin, who had served as the organization’s interim president since 2023. Before then, he was a director.
  • RBC Capital Markets has promoted Yasmin Nassar to managing director and COO of global research. She has been with the company for two decades.
  • Amanda Feduc has been named managing director of Colliers‘ North York district office in Toronto. She has returned to the company, where she began her commercial real estate career in 2011 before moving to CBRE. In her latest role at CBRE, she served as managing director for Southern Ontario.
  • Altus Group has elevated Heather Globush to associate director. She has served as a senior project manager for the past three years.
  • Evan French has joined Marcon as director of development after three years at Wesgroup, where he was a senior development manager. Before joining Wesgroup, he was a planner with Sherman Brown.
  • Realstar has appointed Randy Hoffman as its new CEO. Hoffman moved to Realstar from Oxford Properties, where he most recently served as the head of the company’s U.S. business. He spent about two decades at Oxford, starting as an investment analyst and advancing to increasingly senior executive positions. Realstar invests in multi-residential, hospitality and alternative assets.
  • Anthem Properties has promoted Jacqueline Lau to marketing director. She served as the company’s senior marketing manager for the past six years. In another move, Anthem promoted Charmaine Liang to senior manager of investment. She previously served an investment manager and real estate acquisitions analyst with the firm.

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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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