NAIOP Greater Toronto Chapter Developing Leader members have been busy over the past quarter. Here's news on moves and deals by your fellow DLs.
DLs ON THE MOVE:
Preet Aneja joined Crestpoint Real Estate Investments as a Financial Analyst.
Monica Di Zio was promoted to Manager, Leasing and Marketing, Crown Property Management Inc.
Sarah Hsujoined Epic Investment Services as a Manager from GWL Realty Advisors Inc.
Christina Karam joined Crown Property Management Inc. as Director, Leasing.
Farrah Khimji joined Grant Thornton as a Principal from Forgestone Capital.
Liam Sauro was promoted to Associate Vice President, Capital Markets at Cushman & Wakefield.
Duncan Smith was promoted to Director, Investments at The Daniels Corporation.
Liam Sauro at Cushman & Wakefield has recently completed two zoned land transactions. The first at 4500-4570 Ridgeway Drive was a Site Plan Approved commercial development in Erin Mills, closing in May of 2018 for $20,100,000 on behalf of the Vendor. A prominent local developer acquired the 14.81 acre site, which is currently approved for approximately 220,000 square feet of industrial, office and retail uses.
The second transaction at 484 Spadina Avenue featured a fully zoned luxury rental development acquisition. Structured as a ‘carve out’ from a larger portfolio sale, the site is zoned for 126,000 SF of residential use. Acting on behalf of the Purchaser, Fitzrovia Capital, the transaction closed in March of 2018 for $23,600,000.
Joel Goulding represented Investors Group in the sale of 2 County Court Blvd in Brampton. The 90,000 square foot mixed-use office & retail site sold for $17,700,000.
PROGRAMS AND EVENTS:
Know how. Know who. Know why. NAIOP programs help young professionals gain knowledge and make connections.
Sign up to participate in the 7th Annual Development Challenge. Deadline: Friday July 6. Earn industry-wide recognition and showcase your knowledge in a fun and competitive atmosphere.
NAIOP Greater Toronto’s annual Mentorship Program kicked into high gear in June. That’s when the session-booking process began and participating Developing Leaders (mentees) began selecting dates for hour-long mentoring sessions with mentors. Once again, participation is outstanding with 98 mentors and 185 mentees registered in this year’s program. The mentors have made a total of 389 mentoring sessions available to DLs registered in the program, 96% of which are already booked.
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Several professional development courses are still available in the CREST calendar for 2018 (Commercial Real Estate Studies of Toronto). Register here
After spending ten successful years working in various roles with Rice Commercial Group, Elijah has embarked on the next stage of his career by launching Ripple Developments Ltd. This new entity will be opportunistically looking to invest in and develop low rise residential, urban infill mixed-use, and small bay industrial projects. Through joint venture and private syndication structures, Elijah hopes to make waves...not just Ripples.
Elijah obtained his MBA degree from Ivey and caught the real estate bug during his co-op terms while completing his BComm from Dalhousie University. He plays tennis and hockey throughout the year and gets asked more than once a week if he plays basketball.
Welcome New DL Members
April 1, 2018 to June 25
Deborah Joo, CBRE Limited
Senth Sellathurai, CBRE Limited
Dan Chapman, CBRE Limited
Zach Moe, Chandos Construction Ltd
Ryan White, Colliers International
Dov Beck, Commercial Development Group
Jimmy Wong, Cushman & Wakefield Asset Services
Esme Cragg, Dentons Canada LLP
Kristina Berezhnaya, Dorr Capital
Yuxi Chen, Ernst & Young
Nadia Yen, First Gulf Corporation
Maksim Stajic-Katic, First National Financial LP
James Plaza Greystone Managed Investments
Payman Berjis Infrastructure Ontario
Kalpita Chakrabarty, KingSett Capital
Felix Wong, KingSett Capital
Joshua Klein, KPMG LLP
Jacob Polachek, Magil Laurentian
Christine Wang, OPTrust
Michael Renaud, Oxford Properties Group
Joshua Sonshine, The Great-West Life Assurance Company