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

People & Company News for November 24, 2023

  • Mary Van Buren has resigned as president of the Canadian Construction Association. Her resignation will take effect next spring. Van Buren, the CCA’s first female president, has been at her post for six years. She has navigated the group through the COVID-19 pandemic, reviewed and restructured the Ottawa-based CCA’s governance model and overseen the piloting of a digital contract service that will roll out in 2024. She has also been a strong advocate for the organization on Parliament Hill. The CCA said she wants to take on “new challenges.” A search process for her successor is underway.
  • Toronto-based Franklin Templeton Canada has appointed Andrew Ashton as chairman of its board of directors. A 20-year veteran of Franklin Templeton, Ashton has assumed the role while retaining his position as head of the Americas (ex-U.S.) division. Since 2016, he has held ultimate responsibility for the San Mateo, Calif.-based firm’s Canadian business. Duane Green, who had been serving as president and CEO of Franklin Templeton Canada, has left the organization after serving with it for 19 years. As Connect reported, Franklin Templeton has just introduced Clarion Partners’ private real estate investment strategy in Canada.
  • Nexus Industrial REIT has appointed Mike Rawle as CFO, effective January 8. Rawle will replace Robert Chiasson, who has resigned to pursue other opportunities, Oakville, Ont.-based Nexus said in a news release. Rawle is a chartered accountant by profession and Rawle brings two decades of progressive finance experience to Nexus. He most recently held vice-president and treasurer positions with Maple Leaf Foods.
  • Vancouver-based real estate technology platform operator RESAAS is helping real estate agents in the U.S. obtain COVID-19 pandemic relief from the American government. The company has announced a program whereby its agents can access up to $32,000 in federal financial relief. In the U.S., real estate agents are not employed by their brokerages, says RESAAS. Instead, they are classified as self-employed individuals. The company generates revenue from royalties on all applications successfully submitted to the relief program. RESAAS is an award-winning tech firm that serves the real estate industry.
  • Stantec, an Edmonton-based global design, engineering and project management company, has agreed to acquire Germany’s Zetcon Engineering for an undisclosed price. Based in Bochum, Zetcon has built a reputation as an industry leader in infrastructure planning, inspection, project management and construction management. The company specializes in the management of tunnels, roads and railways. Zetcon’s clients have included railway operator Deutsche Bahn, federal real estate agencies, public utilities, airports and network transmission operators. Most clients (95%) are public-sector organizations.
  • Toronto-based Real Brokerage has added a 64-agent team in Los Angeles. Formerly known as the Sunny Narang team, the unit has changed its name to the Rise Real Estate Group. Led by Sunny Narang and Chris Fordinal, the team serves the San Fernando Valley marketplace. Real announced the expansion in a news release. The team is on track to close 300 transactions with a combined value in excess of $275 million in 2023.
  • Plaza Retail REIT has hired Jason Parravano as COO. He joins the Fredericton, N.B.-based REIT from the Montreal-headquartered Walter Group, where he served CFO. Before joining the Walter Group, he spent eight years at Canadian Net REIT, where he rose to president and CEO after starting as CFO.
  • Etro Construction has earned a business of the year away from the Burnaby Board of Trade. The company is a commercial and residential construction general contractor. Etro’s projects include the $75-million Bocci head office and manufacturing hub in downtown Vancouver and Quadreal’s $40-million Oakridge Time Out Market on Vancouver’s west side.
  • Trez Capital has appointed Stuart MacFarland as managing director and head of origination for its southeastern U.S. business segment. He is based in the firm’s Miami office, which he oversees while also guiding a team of originators. Vancouver-headquartered 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.

Inside The Story

Mary Van BurenMike Rawle

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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