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Canada  + Ontario + Pacific Canada + Quebec  + Finance  | 
Connect Canada CRE people and company news for December 15, 2023.

People & Company News for November 3, 2023

  • Colliers has cracked Forbes’ 2023 World Best Employers List. Toronto-based Colliers ranked among the top 10 and was the only global full-service commercial real estate company to earn the honour. The Forbes list is based on a survey of 170,000 full-time and part-time workers in 55 countries
  • Canadian Urban Limited has promoted David Ward to executive vice-president and COO. Ward will oversee real estate acquisition, asset management and property management. Prior to joining Canadian Urban in 2021, Ward held director positions related to acquisitions and portfolio and asset management with Morguard Investments. Markham, Ont.-based Canadian Urban purchases and manages diversified, mid-market real estate across all Canadian major markets for its clients.
  • Lisa Sheppard has joined Canadian Urban’s board of directors. She brings two decades of medical social work to the company, having navigated complex medical, psychosocial and financial issues. The company is looking forward to leaning on her extensive knowledge of human relations.
  • Pomerleau has promoted Philippe Adam to president and CEO. Adam moved up from his executive vice-president and CFO post. During his time with Pomerleau, he has launched its capital investment fund. He has also led several major transactions, including the acquisition of Vancouver-based ITC Construction Group and a $150-million investment in Pomerleau by the Caisse de dépôt et placement du Québec. Saint-Georges, Que.-based Pomerleau ranks among Canada’s largest commercial property construction companies.
  • Discount retailer Giant Tiger has appointed Gino DiGioacchino as president and CEO. He formerly performed the roles on an interim basis and served on Ottawa-based Giant Tiger’s board of directors. Before joining the company, he served for six years as president and a board director with Ontario-based GAD Consulting. He has also held senior executive positions with Walmart, Home Depot and French construction materials manufacturer Saint-Gobain.
  • TAS has appointed Priyanka Taneja as its new CFO. Taneja joins Toronto-based TAS after serving as the CFO of Canadian Apartment Properties (CAP) REIT and Irish Residential Properties REIT. She brings more than 15 years of real estate industry experience to TAS, which describes itself as an impact real estate company. The term impact real estate generally refers to properties that have a positive impact on the environment and communities. During her career, Taneja has led finance strategy and public-market reporting to shareholders. She has also managed significant real estate transactions and debt portfolios while building teams. TAS has an active pipeline and portfolio of 22 properties through the Greater Toronto Area and Hamilton.
  • DPI Construction Management has hired Matt Trudeau as its business development director for Eastern Canada. He has managed relocation projects involving companies with up to 2,000 employees. Trudeau’s deep connection to his Mohawk heritage, as a third-generation member of the Kahnawake community, is a source of strength and pride for him. He credits his heritage to allowing him to provide clients with a significant advantage in cultivating relationships, nurturing inclusivity, and establishing meaningful connections within today’s diverse business world. DPI specializes in commercial office space construction and interiors.
  • This week, Toronto-based Starlight Investments announced that it has acquired two large multi-family real estate properties outside of major markets. Starlight completed the purchase of the Rosewater Estates located in Windsor, Ont., for an undisclosed price. By completing the fourth an final stage of the transaction, Starlight has purchased four buildings containing a total of 232 units. Each building stands six storeys tall and comprises 58 suites. Through its second Western Canada multi-family fund, Starlight bought a six-story mid-rise apartment building in Langford, B.C., part part of Greater Victoria, for $43.5 million. The building was completed in 2018 and comprises 106 suites.
  • Minto Apartment REIT’s environmental and social governance (ESG) program has scored well with the Global Real Estate Sustainability Benchmark. Jonathan Li, the REIT’s president and CEO, said it had achieved a score of 80 and a three-star rating and outperformed its peer comparison group and global GRESB averages. Ottawa-based Minto also received a score of 93 and A-level rank to place first among a group 10 in a Canadian comparison group in the GRESB public disclosure evaluation. Minto said it invested $1.7 million in environmental sustainability projects in 2022. The REIT now ties 50% of its individual annual bonus compensation to performance against ESG objectives.

Inside The Story

ColliersPhilippe Adam

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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