Canada
People & Companies News for Week Ending July 5, 2024
- PCL Construction has opened a new office in Calgary. The office, located at 30th Street S.E. and 2nd Avenue S.E., consolidates PCL’s two Calgary locations into one, according to a Calgary Economic Development advertisement. Edmonton-based PCL has hundreds of Calgary-based employees. PCL built the property.
- Geranium will donate $150,000 to Habitat for Humanity Greater Toronto Area, the company announced. The funds will support Habitat for Humanity GTA’s mission to complete 26 homes to help 26 families know strength, stability and independence by unlocking the benefits of homeownership in Oshawa. The money will also support future projects in Durham Region. Several families, including dozens of children, have already moved into the Oshawa homes and are beginning to thrive, said the company. Markham, Ont.-based Geranium is a leading and award-winning real estate development and homebuilding company. The firm has been in operation since 1977.
- Law firms Hillenbrand Kozicki LLP and MLT Aikins LLP have announced a merger set to take effect on September 1. Edmonton-based Hillenbrand Kozicki specializes in commercial real estate law. MLT Aikins is a full-service law firm and ranks among the largest in the country with offices in Vancouver, Edmonton, Calgary, Regina, Saskatoon and Winnipeg. As part of the merger, David Kozicki will join MLT Aikins as a partner, bringing with him a diverse client base ranging from real estate investors to national restaurant brands. Mark Hillenbrand will join as MLT Aikins as counsel and aid with the transition process until December 2024, when he plans to transition to an in-house counsel role.
- U.S. commercial real estate market analytics firm Green Street has expanded into Canada. In conjunction with the move, Gaurav Mathur has been appointed as the company’s head of Canadian research. Based into Toronto, Mathur has held research leadership positions with a number of Canadian firms. He moved to Green Street from Laurentian Bank Securities, where he served a director of equity research for REITs and real estate.
- LaSalle has appointed Michael Fraidakis as its head of alternative investment strategies and chief investment officer for Canada. He will lead the company’s existing value-add fund series in Canada and play a primary role developing new investment strategies and capital raises. Fraidakis moved to LaSalle from BGO, where he was most recently managing director and head of Canadian investments. He has 27 years of multi-functional experience across all asset classes and Canadian markets. During his career, he has completed about $20 billion of transactions.
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