Canada
People & Companies News for Week Ending October 25, 2024
- Colliers has extended Jay Hennick’s term as chairman and CEO until January 2026. His term was due to expire in 2026. Hennick is Toronto-based Colliers’ largest shareholder. Under his leadership, Colliers has expanded operations globally and diversified its business while increasing recurring earnings to 70%, said the company. Since Colliers became a standalone public company in 2015, its market capitalization has grown from approximately US$1.5 billion to US$6.1 billion. In connection with this extension, Colliers has created a new performance-based long term incentive plan that ties a significant proportion of his total compensation to the achievement of certain market capitalization-based growth targets. Under the arrangement, he has been granted a total of 428,174 cash-settled performance units that are subject to the satisfaction of certain performance-based vesting conditions up to January 1, 2029.
- Ben Lipowitz has joined Thornhill Capital Realty as president. The Montreal-based firm creates strategic partnerships designed to transform and reposition office buildings. The company is the real estate division of Thornhill Capital, the company behind Kolostat, Krome, MSB Mechanical and Allen General Contracting and other companies operating in the construction sector. Lipowitz previously served as co-president of Kolostat for two years after moving up from his role of executive vice-president of business development. He held the same post with another Thornhill-owned firm, FNX-INNOV, for about two and a half years.
- KingSett Capital has promoted Florence Chaussé to associate director of origination. Consequently, she is both the youngest and only female originator within KingSett’s mortgage investments team. Based in KingSett’s Montreal office, she will lead the sourcing efforts for multi-family mortgage investments across Canada, with a focus on the Quebec market. Chaussé joined KingSett as an analyst in 2023 and has advanced quickly. Prior to joining KingSett, she spent two years with JLL’s capital markets group, where she held progressive positions. Before moving to JLL, she served as the founding president of Habitat Real Estate Development, whose mission is to develop highly efficient process technologies enabling carbon-neutral growth of the global housing stock.
- CDNGLOBAL has acquired a controlling interest in full-service commercial real estate brokerage and advisory firm Langdon Partners.Toronto-based Langdon Partners serves multiple markets. The move will bolster CDNGLOBAL’s presence both in Canada and internationally, said the Vancouver-based company. In conjunction with the acquisition, industry veteran Pat Langdon, namesake and CEO of the purchased company, has joined CDNGLOBAL as president of international relations and strategic growth. You can read more details on the acquisition here.
- Justin Taylor has been appointed chief operations officer at Signet Group. He will oversee the operations and management of Toronto-based Signet’s commercial and residential real estate portfolios. Before joining Signet, Taylor held the position of COO at Greenrock for about 12 years. He has more than 25 years of senior management experience in construction, project management and property management, holding senior positions in Canada, the U.S. and U.K. He currently chairs the Greater Toronto Apartment Association supporting strong tenant and landlord relations. Signet owns and manages residential and commercial properties throughout central Canada, with future expansion on the horizon. The firm has been operating for more than 30 years.
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