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

People & Company News for November 10, 2023

  • Chris Gower has been appointed deputy CEO at PCL Construction. Gower has been with Edmonton-based PCL for 28 years and previously led the organization’s building division in Canada, the U.S. and Australia. Meanwhile, Todd Craigen has been named the company’s COO and president of corporate services. He has been with PCL for 27 years, most recently serving as president for Eastern Canada. In his new role, Craigen will continue to oversee the Toronto and solar districts and take on responsibility for corporate services.
  • TD Bank has appointed Hugh Allen as the head of its U.S. commercial real estate business. Allen, a 30-year banking industry veteran has been with Toronto-based TD since 2014. He most recently served as TD’s regional metro Mid-South president. He continue to support that market until his replacement is selected.
  • Avison Young has hired a new capital markets team in Ottawa led by Principal Graeme Webster and Benjamin Burns and Jessica Thalen, who are both senior associates. The trio will focus on office, industrial and retail properties in Ottawa and serve on Avison Young’s national capital markets group. Webster has about two decades of commercial real estate industry experience. Thalen and Burns have worked in the industry for approximately 11 years and five years, respectively. Webster, Burns and Thalen joined Avison Young from Ottawa-based boutique brokerage firm Koble Commercial Real Estate, which Webster co-founded in 2014. Koble stopped operating due to their their move to Avison Young, the Ottawa Business Journal reported.
  • U.S.-based Arch Amenities Group has expanded into Canada through the acquisition of corporate wellness services firm Personal Best Health and Performance. Rockville, Md.-based Arch is a full-service global provider of wellness, spa and amenity management and meeting services for commercial and residential properties, hotels, private clubs and pools. Palgrave, Ont.-based Personal Best provides consultative and management services designed to maximize the benefit of employee fitness and lifestyle programs. The company’s services include specifying fitness equipment and layouts for building architects and designers. Arch is owned by U.S.-based private equity firm CI Capital Partners.
  • Geoff Hague will become CFO at Dominion Lending Centres as Co-CFO Robin Burpee leaves the company. Hague joined DLC in 2009, was appointed CFO in 2014 and became a Co-CFO in 2021 as the company amalgamated with Founders Advantage Capital. James Bell, DLC’s co-president, thanked Burpee for her many contributions to the company over the past four years. Canada’s Competition Bureau is investigating Port Coquitlam, B.C.-based DLC for anti-competitive behaviour, which Bell has denied. The company provides mortgages for residential and commercial real estate, including multi-family, retail, office and industrial properties.
  • Deal Pro Capital has signed a letter of intent to purchase Urban Utilities Contractors in an all-shares deal. Toronto-based Urban is a construction company focused on the concrete and drain sector for new low-rise projects in Southern Ontario. If all goes according to plan, privately owned Urban Utilities will become a wholly-owned subsidiary of publicly traded Deal Pro, which will change its name to Urban Infrastructure Group. Gary Alves will become a director and COO of the revised entity. He is the founder and majority shareholder of Urban Utilities. Ungad Chadda will serve as a director and CEO. Chadda joins Urban from TMX Group, parent company of the Toronto Stock Exchange, where he has built and maintained the company’s investor base.
  • CIBC‘s new Toronto-based global headquarters has achieved platinum-level WELL certification, becoming the largest workplace in all sectors in Canada to earn the honour, the bank announced. In addition, CIBC Square ranks as the largest workspace in the global banking industry to earn WELL Platinum. The designations are provided by the International WELL Building Institute, which focuses on enhancing people’s health and well-being through live-work-play buildings. WELL Platinum is the highest honour that a building can attain.
  • Mindy Wright, CEO of the Squamish Nation‘s development corporation, has been appointed as a Greater Vancouver Board of Trade director. Among her other duties, Wright co-ordinates the First Nation’s commercial real estate developments, including multi-residential projects. She is overseeing Sen̓áḵw, a $3-billion, 11-tower project to be located on Squamish reserve land in Vancouver. The mixed-use project is slated for completion in 2020.

Inside The Story

Chris GowerGraeme Webster

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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