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Canada  + Alberta & Prairies  + Cross Border News  + Ontario  + Pacific Canada  + Quebec  + Finance  | 
Connect Canada CRE people and company news for December 15, 2023.

People & Company News for December 1, 2023

  • The Alberta Investment Management Corporation (AIMCo) has appointed Shelley Nixon as chief legal officer, effective January 29. Nixon moves to AIMCo from Ausenco Engineering Canada, where she was president of global consulting. AIMCo ranks as one of Canada largest institutional investors.
  • Alan MacGibbon has been appointed chair of TD Bank Group‘s board of directors, effective February. He will succeed Brian Levitt, who will retire from the board in April following the bank’s annual meeting. Levitt joined the board in 2008 and has chaired it since 2011. MacGibbon has been an independent director since 2014. He is the former manager partner and CEO of Deloitte Canada. As a result of his promotion to board chair, Nancy Tower will head the audit committee. Tower, based in Halifax, is a former president and CEO of Tampa Electric Company.
  • Colliers has been recognized by Forbes as one of the world’s top companies for women. Toronto-based Colliers was the only global, full-service commercial real estate firm to receive the honour. 
  • Yardi has introduced its ID Verify software solution into Canada, multi-family rental real estate market. ID Verify is part of the comprehensive Yardi Resident Screening system and uses computer vision and artificial intelligence driver licenses, passports and other personal ID documents. Confirming identification quickly stops risky or fraudulent applicants early, reducing property managers’ screening costs and expediting leasing to quality renters, says Toronto-based Yardi.
  • As Connect reported earlier in the week, GoBolt co-founder and CEO Mark Ang has cracked Forbes’ 30 Under 30 list in the manufacturing industry leaders segment. Ang, 27, was recognized for his efforts to make the logistics sector more sustainable. Toronto-based GoBolt is a self-described technology firm that also owns and operates industrial real estate while providing fulfillment and distribution services.
  • As Connect has also reported: Kingsett Capital’s Jon Love will relinquish his CEO role and become the company’s executive chair in January. Love founded Toronto-based Kingsett in 2002. The commercial real estate investment company has about $17 billion in assets under management within a portfolio valued at approximately $19 billion. Rob Kumer will be promoted to CEO from his chief investment officer post.
  • Commercial real estate industry veterans Giorgio DiNardo and David MacLeod have joined Avison Young’s office leasing team in Ottawa. DiNardo and MacLeod will serve as vice-presidents. They will also assist clients with office sales transactions. Both brokers moved to Avison Young from Colliers in Ottawa.
  • Vancouver-based Trez Capital has appointed John Creswell as executive managing director and global head of capital raising. As a new member of the firm’s executive leadership team based in the U.S., he will lead the Toronto-based capital raising team and execute its strategy across all distribution channels globally. Creswell has more than two decades of commercial real estate industry experience with such firms as Duff & Phelps Investment Management Co and BNP Paribas Asset Management, among others. Trez is a diversified real estate investment firm with about $5.3 billion in assets under management. The company also provides commercial real estate debt and equity financing solutions across North America.
  • Plaza Partners, a Toronto-based real estate investment management, development and management company, has rebranded as Resident. The firm says it will continue to leverage its extensive in-house expertise and industry relationships while preparing to deliver a number of high-profile development sites across Toronto. CEO Pinny Kaufman said six of the company’s sites have been approved for mixed-use residential development. Resident has 6.5 million square feet in its development pipeline.
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Inside The Story

Jon LoveShelley Nixon

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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