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Connect Canada CRE people and company news for December 15, 2023.

People & Company News for December 15, 2023

  • University of Calgary Properties Group has appointed Novy Cheema as its new president and CEO. He will replace Gregg Callander, who has served as the group’s interim head since March 2023. UCPG serves as the university’s land developer and manager. Cheema moved to UCPG from Gracorp, where he served as a vice-president and managing director of real estate. Gracorp is part of construction specialist Graham Group. Prior to joining Gracorp in 2016, he served as a commercial real estate lawyer with development firm Prime, McMillan LLP and Kelly & Kelly Barristers and Solicitors.
  • Michelle Groulx will become president of specialty engineering firm MBC Group Canada in January. MBC caters largely to the commercial real estate industry while providing expertise in sustainability, building design, civil and industrial engineering, building consulting, appraisal and project support, along with environmental and laboratory services. Groulx will leave her post as executive-director of the Ottawa Coalition of Business Improvement Areas.
  • Asset Management firm Conkrite Capital has launched a food security fund to help alleviate hunger and malnourishment in developing nations. CEO Nicolas Del Valle hatched the plan for the fund after visiting Africa in November 2023. Toronto-based Conkrite encourages people to reach out and get involved with the FSF. The company can be contacted directly or via its website.
  • Arcadis has won the NAIOP Greater Toronto Area chapters Development of the Year Award. The company was recognized for its design of the 65 King Street East redevelopment project in Toronto. The 18-storey Carterra-owned heritage building is seeking LEED Gold or Platinum certification. Google’s Canadian subsidiary is set to occupy 400,000 square feet of office space in the building, which will also have ground-floor retail premises.
  • The City of Calgary, City of Edmonton and Alberta Ecotrust have teamed up to form the Emissions-Neutral Buildings Information Exchange. Led by industry, ENBIX is designed to further emission-reduction efforts and accelerate the transition to emissions-neutral buildings. Edmonton and Calgary have furnished $1.7 million and $1.4 million, respectively, while Alberta Ecotrust supplied $600,000.
  • Yubba Capital has changed its name to Impact Development Group. The company announced that it has also completed a qualifying transaction and begun trading on the TSX Venture exchange. The firm also engaged in a share consolidation. Common shares of Yubba have been delisted and the company is trading under the IMPT stock ticker.
  • Labatt Breweries of Canada is investing $6 million heat recovery and energy production innovation efforts at its Montreal brewery. The company says the moves will contribute significantly toward the decarbonization of the brewing process via reduced energy consumption and lower greenhouse-gas emissions. The $6-million expenditure coincides with capital investments at the brewer’s London, Ont., and St. John’s, NL facilities. The investments have a combined value of $43.1 million.
  • Cadillac Fairview has appointed Rory MacLeod as executive vice-president of operations. He leads the company’s retail, office and mixed-use property operations, moving from his former role as CF’s senior vice-president of development. He joined the company in 2006 as vice-president of operations and has progressed into increasingly senior roles since then.
  • Chris Gower has been named PCL Construction’s deputy CEO. He has been with the company for 28 years and previously led its buildings division in Canada, the U.S. and Australia. He led the company entrance into the solar business and has guided many projects across North America.

Inside The Story

Michelle GroulxNovy Cheema

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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