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Friday, March 1, 2024

Hines appointed Michael Masotti as senior director of leasing, Canada.

Hines, the global real estate investment, development, and property manager, recently appointed Michael Masotti as senior director of leasing, Canada. In his newly created role, Michael will be responsible for leasing strategy and execution for Hines’ commercial real estate portfolio across Canada. Additionally, he will play a key role in managing the project and property leasing teams, and maintaining and growing the company’s third-party intermediary relationships. Masotti brings more than 11 years of brokerage, sales and leadership experience to Hines, most recently serving as senior director, industrial leasing, North America at Ivanhoé Cambridge.

Of note in Vancouver, 1166 West Pender is being delivered through a partnership between Reliance Properties and Hines. The new triple-A office tower at 1166 West Pender is under construction. At 344,000 square feet, it will provide more than twice the office space of the previous building on the site. Reliance purchased the property from Greystone Management Investments Inc. for $71.4 million in 2016 and Hines joined as an investor in March 2021. The venture marked the Texas firm’s first major acquisition in Canada. It has since invested in CIBC Square and T3 Bayside in Toronto, as well as 8th Avenue Place in Calgary.



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