TORONTO, July 24,
2024 /CNW/ - The NAIOP Greater Toronto Chapter
celebrated excellence in commercial real estate development at the
22nd Annual REX Awards, held on June 20th,
2024, at the Toronto Region Board of Trade. This event
marked another year of honouring outstanding achievements and
innovations within the industry.
The Real Estate Excellence (REX) Awards, hosted annually by the
NAIOP Greater Toronto Chapter, are recognized as the pinnacle of
success in the commercial real estate sector. Each year, these
awards acknowledge the commitment, creativity, and determination of
professionals and organizations who have significantly contributed
to shaping Toronto's urban
landscape.
"We are thrilled to congratulate all the winners of the 22nd
Annual REX Awards," said Aleks
Karamarkovic, NAIOP Greater Toronto Chapter Board Member and
Chair of the 22nd Annual REX Awards Committee. "These
awards not only recognize achievements but also inspire others in
our industry to strive for innovation and excellence."
The winners were selected by a distinguished panel of judges who
evaluated projects based on criteria such as innovation,
sustainability, impact on the community, and overall quality.
Major Awards
The evening's major award recipients included:
- Lease of the Year: ICICI Tower at 366 Bay Street, Team:
Dream Office REIT, Lennard Commercial Realty
- Investment Deal of the Year: Acquisition of Summit REIT
by GIC and Dream Industrial REIT, Team: GIC, Dream Industrial REIT,
Dream Unlimited, Summit REIT, TD, BMO, CBRE, Osler, Stikeman Elliott, McCarthy Tétrault,
Skadden, King & Spaulding
- Development of the Year: ALMA Guelph Phase 1, Team:
Forum Asset Management
- ESG Impact: Waterfront Innovation Centre, Team: Menkes
Developments Ltd., BGO, Waterfront Toronto, Sweeny &Co
Architects Inc., EllisDon, Green Reason
Asset Class Awards
Winners in various asset class categories included:
- Office Lease of the Year: ICICI Tower at 366 Bay Street,
Team: Lennard Commercial Realty, Dream Office REIT
- Industrial Lease of the Year: Fifth Line Business
Park in Milton, Team: BGO,
CBRE
- Retail Lease of the Year: 11 YV, Team: RioCan, Metropia,
Capital Developments, JLL, RE/MAX
- Industrial Development of the Year: Heart Lake Business
Park, Team: Berkshire Axis Development, Fiera Real Estate, Cecchini
Group Inc., Ware Malcomb, Lemay, Cushman & Wakefield, Citi
Brokers
- Multi-Residential Development of the Year: ALMA Guelph
Phase 1, Team: Forum Asset Management
- Retail Development of the Year: Sugar Wharf Retail,
Team: Menkes Developments Ltd., TD Asset Management, B+H
Architects, architects Alliance, Savills
- Office Investment Deal of the Year: Allied Properties
REIT Urban-Data-Centre Portfolio, Team: Allied Properties REIT,
Telehouse Canada Inc., Scotiabank, CBRE
- Industrial Investment Deal of the Year: Acquisition of
Summit REIT by GIC and Dream Industrial REIT, Team: GIC, Dream
Industrial REIT, Dream Unlimited, TD, BMO, CBRE, Osler, Stikeman Elliott, McCarthy Tétrault,
Skadden, King & Spaulding
- Retail Investment Deal of the Year: Sale of Conestoga
Mall to Primaris REIT, Team: Ivanhoé Cambridge, Primaris REIT, TD Securities,
CBRE
- Multi-Family Investment Deal of the Year: Harmony Commons at the University of Toronto's Scarborough Campus, Team: LiUNA Pension Fund of
Central and Eastern Canada,
Fengate Asset Management, University of
Toronto Scarborough
Individual Awards
NAIOP GTA also recognized outstanding individuals for their
exceptional leadership and contributions:
- Real Estate Icon Award: Peter
Menkes, President, Commercial/Industrial, Menkes
Developments Ltd.
- Real Estate Community Service Award: Vanessa Oliver, Principal, Broker of Record,
Regent Street
- Developing Leader of the Year: Veronica Green, Vice President, Slate Asset
Management
- Chapter Volunteer of the Year: Mitch Gillin, Senior Vice President, Asset
Management & Operations, Hullmark
As part of its commitment to the Commercial Real Estate
community, NAIOP Greater Toronto Chapter donated $25,000 to the 2024 charitable beneficiary of the
year, the Juvenile Diabetes Research Foundation (JDRF). In the
20-year history of the Real Estate Excellence Awards, the
accumulated proceeds donated to worthy causes have exceeded
$950,000.
In a heartfelt gesture during his acceptance speech,
Peter Menkes, Real Estate Icon Award
recipient, announced an additional donation of $100,000 to JDRF on behalf of Menkes Developments
Ltd.
For a complete list of the 22nd Annual REX Award winners and
more information about the event, please visit the NAIOP Greater
Toronto Chapter website.
About NAIOP Greater Toronto Chapter:
NAIOP Greater Toronto is the leading association for developers,
owners, and investors in office, industrial, retail, and mixed-use
real estate. Dedicated to professional growth and advocacy, NAIOP
Greater Toronto provides unparalleled networking opportunities,
educational programs, and legislative representation to benefit its
members and the industry at large.
For more information about the NAIOP Greater Toronto Chapter
please visit https://torontonaiop.org/.
SOURCE NAIOP Greater Toronto Chapter