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People Space: Comings and goings at Slate, AY, Oxford… – Real Estate News EXchange

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Neil Lacheur, Avison Young principal and executive vice-president of real estate management services in Canada. (Courtesy Avison Young)

Slate Retail REIT and Slate Office REIT both named new senior executives during the past few days. At Slate Retail (SRT-UN-T), Andrew Agatep was promoted to chief financial officer and David Dunn to chief operating officer. Slate Office REIT named Michael Sheehan as its new CFO.

Agatep joined Slate Retail REIT in 2015 and most recently served as a vice-president and controller overseeing financial reporting, treasury and risk management. Prior to joining Slate, Agatep worked at BHP Billiton in Australia and PricewaterhouseCoopers.

Dunn also joined Slate Retail REIT in 2015 and most recently served as vice-president, asset management. He previously worked at CBRE.

The REIT is an owner and operator of U.S. grocery-anchored real estate.

At Slate Office REIT (SOT-UN-T), Sheehan had previously overseen financial reporting, treasury and risk management as director and controller. Prior to joining Slate, he worked at Ernst & Young LLP.

Both of the CFO positions were previously held by Robert Armstrong. He will continue as a member of the senior leadership team of Slate Asset Management, supporting the REITs and other Slate business verticals.

McAllan retires from Oxford Properties

The retirement of Andrew McAllan after three decades of service truly marks the end of an era at Oxford Properties.

The former head of real estate management “was feted by his friends, colleagues, current and former presidents of Oxford Properties” said Oxford VP John Peets in a LinkedIn post.

“I post on behalf of thousands who celebrate your contributions to Oxford and the real estate industry, we will miss you dearly. You had a legendary career few will ever repeat.”

At Oxford, McAllan rose from managing director and senior vice-president to head of real estate management, a role he maintained for 23 years. He oversaw a 50-million-square-foot portfolio which included office, retail, residential units, industrial and hotels and led 1,300 employees in eight cities.

During his career, McAllan managed the integration of more than 7.7 million square feet of acquisitions.

Lacheur heads AY’s Canadian RE management

Neil Lacheur has joined Avison Young as principal and executive vice-president of real estate management services in Canada. In this newly created role, Lacheur leads the strategy to grow AY’s property management business across the country.

“This is an exciting time to join Avison Young as it continues its ambitious growth trajectory in Canada and globally,” Lacheur said in a release.

Lacheur joins Avison Young from QuadReal Property Group, where he had been since its founding, leading the firm’s customer service strategy and culture. He holds a degree in Economics from University of Victoria and is a LEED-GA.

Hughes joins Quadreal board

IMAGE: Alastair Hughes has joined the board of directors at Quadreal Property Group. (Courtesy Quadreal)

Alastair Hughes has joined the board of directors at Quadreal Property Group. (Courtesy Quadreal)

QuadReal Property Group has appointed Alastair Hughes to its board of directors. Hughes has over 30 years of real estate experience in multiple international markets.

He joins QuadReal’s board after serving on the global executive board at JLL, where he held various executive management positions including CEO of JLL Asia Pacific and CEO of JLL Europe, Middle East and Africa.

“Alastair is a globally recognized leader and board member,” said Thomas Garbutt, QuadReal’s board chair, in a release. “We welcome the unparalleled perspective he will bring to complement our board experience and to guide our dedicated leadership team.”  

QuadReal’s $37.6-billion portfolio includes $12 billion in international investments.   

Hughes holds a bachelor in economics from Heriot-Watt University and a diploma in land economy from the University of Aberdeen.

Goudron takes helm at Parq Vancouver

Peter Goudron has taken on the roles of president and CEO of Parq VancouverGoudron brings more than 25 years of gaming, operations management and leadership experience to the position and replaces Joe Brunini.

Most recently he was executive director at the B.C. Gaming Industry Association. Goudron began his career at the Pacific National Exhibition and then held executive roles at Great Canadian Gaming Corporation.

The downtown Vancouver entertainment and gaming complex features two luxury hotels, the downtown’s only casino, restaurants and lounges, park space and more.

Darling Colliers’ new Edmonton managing director

Richard Darling has joined Colliers International as managing director of its Edmonton office.

Darling joins Colliers from Acklands-Grainger, where during a two-decade career he led a team responsible for growing $600 million in annual sales and presided over 300 national accounts.

“Richard brings a fresh perspective to strategic leadership, and a proven history of motivating high-performance teams,” said Scott Addison, president, brokerage at Colliers Canada.

Darling will lead the Edmonton team driving business development and raising the profile of Colliers in the local market.

Lippay named CEO of FirstShot

FirstShot Fund Inc. has appointed Jamie Lippay as its CEO. Lippay previously built a highly successful enterprise sales force automation software and consulting business focused on the U.S. alcoholic beverage distribution industry.

His company was listed on Profit Magazine’s Fastest Growing Companies in Canada many times and received the Microsoft Blue Sky Innovation award for ground-breaking software.

Lippay, a CPA with 25 years of business experience, is a graduate of the University of Toronto commerce program and received an MBA from the Schulich School of Business.

FirstShot is considering acquisitions of distressed and vacant mall properties in Canada and the U.S. to be repurposed for destination sites.

CIM International Group new CFO

Real estate and resources company CIM International Group appointed Pascal Attard as CFO to replace Edward Yang, who had filled the role on an interim basis.

Attard was the CFO of Delivra Corp. until November 2019, when he guided that company through the sale of its business. Attard also served as vice-president of finance and corporate controller.

Prior to that, Attard was the corporate controller for Red Tiger Mining Inc., after rising through the ranks for six years at McGovern Hurley LLP.

He holds a bachelor of accountancy, with honours, from Brock University and is both a CPA and CA.

In addition, Toronto-based CIM said Steven Zhang replaced Yang as its corporate secretary.

Partington heads Gallagher’s Canadian operations

IMAGE: Dave Partington is CEO of Gallagher's Canadian retail property/casualty brokerage operations. (Courtesy Gallagher)

Dave Partington is CEO of Gallagher’s Canadian retail property/casualty brokerage operations. (Courtesy Gallagher)

International insurance firm Gallagher named Dave Partington CEO of its Canadian retail property/casualty brokerage operations.

Partington joined Gallagher in 2012, initially leading regional offices in the U.K. In 2014, he relocated to the U.S. as president of the small business practice for Gallagher’s retail P/C brokerage operations.

Missaghie joins Inovalis board

Inovalis Real Estate Investment Trust (INO-UN-T) has placed Michael Missaghie on its board as an independent trustee.

Missaghie is president and CEO of Arch Corporation and portfolio manager, Anson Advisors Inc. responsible for management of the Arch Absolute Return Real Estate Fund.

Marleau resigns from Delma board

Hubert Marleau recently resigned from the board of directors of Montreal-based real estate firm Delma Group (DLMA-CN). Marleau was instrumental in achieving the public listing of the company’s RTO.

“Mr. Marleau is among the founders of this company and has contributed to what it has become today and the foundation of tomorrow’s growth,” said Henri Petit, Delma’s CEO, in a release.

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Fitch Rates Xinyuan Real Estate's Proposed USD Senior Notes 'B-' – Fitch Ratings

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Fitch Rates Xinyuan Real Estate’s Proposed USD Senior Notes ‘B-‘  Fitch Ratings



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Home sales hit record in 2020 despite pandemic – CP24 Toronto's Breaking News

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OTTAWA — The Canadian Real Estate Association says home sales in December hit an all-time record for the month to end what was also a record year.

It says December sales were up 47.2 per cent compared with December 2019, the largest year-over-year gain in monthly sales in 11 years.

Sales for the month were also up 7.2 per cent compared with November.

For 2020 as a whole, CREA says some 551,392 homes were sold, up 12.6 per cent from 2019, and a new annual record.

The actual national average home price was a record $607,280 in December, up 17.1 per cent from the final month of 2019.

CREA says excluding Greater Vancouver and the Greater Toronto Area, two of the most active and expensive markets, lowers the national average price by almost $130,000.

This report by The Canadian Press was first published Jan. 15, 2021.

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Who knew a health crisis would spur on a Vancouver real estate boom? – News 1130

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VANCOUVER (NEWS 1130) – Prices are up, and buyers are bidding. As the option of remote work continues, the demand for property is also continuing to rise.

One of the country’s leading brokerages says there is a real estate boom in Vancouver, and while low interest rates and pent-up demand are factors, the pandemic has helped fuel it.

Royal LePage CEO Phil Soper says the aggregate price of a Greater Vancouver home last quarter rose more than seven per cent to a little over $1.1 million.

RELATED ARTICLE: Vancouver office vacancy rates spike amid COVID-19, but well below national average

New data from Royal LePage finds more than half of Canada’s largest real estate markets have seen double-digit price growth over the last few months.

The brokerage says multiple offers have again become common and almost every detached home is attracting competitive bids.

Soper says 2020 was the strangest year of his career and that the term “recovery” is an understatement. He adds that, looking at fourth quarter results, he can state without hyperbole that the health crisis has triggered a real estate boom.

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