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FACILITYCalgary May 6/25

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CONVERSATIONS

A recent conversation with Mogens Smed, Founder and CEO @ Falkbuilt

A recent conversation with Brian Milloy, Co-Founder, Pres. & CEO at Levvel

Click here to access the archive (2012-2020) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alf Sailer to Managing Dir., Transactions @ Grant Thornton Corporate Finance Inc.

+ Andrew Pilkington to Exec. VP, Lending Solutions and Specialized Sales Forces @ TD Bank

+ Andy Critchell to Account Mgr. @ Caesarstone Canada

+ Annir Ropar to Acting CEO @ Canadian Infrastructure Bank

+ Dana Hunter to Branch Mgr. @ Adecco

+ Gary Mar to Pres. & CEO @ Canada West Foundation

+ Glenn Way to Exec. VP & COO @ GWL Realty Advisors

+ Ida Albo, Trustee @ Artis REIT, resigned

+ Janice Fukakusa, Board Chair @ Canadian Infrastructure Bank, resigned

+ Joe McBrearty to Pres. & CEO @ Canadian Nuclear Laboratories

+ Kate Andrews to Legal Counsel @ Canadian Pacific Railway

+ Kate MacComb to Sr. Communications Advisor @ ConocoPhillips Canada

+ Kevin Barr to Strategy Director @ Lancaster Advisory

+ Mark Halkias to Dir. Operations @ Primaris Management Inc.

+ Mary-Ann Bell to Director @ SNC-Lavalin

+ Meaghan Peloso to Interim CFOR @ Dream Hard Asset Alternatives Trust

+ Megan Fox to Project Coordinator, Development @ GWL Realty Advisors

+ Michael Sabia to Board Chair Designate @ Canadian Infrastructure Bank

+ Michelle Verburg to Team Lead, Program & Learning Enablement @ Shaw Communications

+ Morgan Richards to Branch Administrator @ Scotia McLeod

+ Olympia Trencevski to Sr. Dir., Property Mgmt. Edmonton @ Triovest Realty Advisors Inc.

+ Pauline Alimchandani, Exec. VP & CFO @ Dream Unlimited et al, left the company

+ Peter Kulkami to Dir. Development @ Triovest

+ Pierre Lavallee, CEO @ Canadian Infrastructure Bank, stepped down

+ Wayne Proulx to Sr. Mgr., Sustainability, Engagement & Outreach @ Rogers Communications

~

 [send us your appointment notices  kolke@facilitycalgary.com ]




 MEMORIAM 

+ Dr. Bob Haslam, retired Head of Pediatrics, Calgary Children’s Hospital, 83

+ Ken Delf, real estate and marina developer, 74

+ Thomas O’Neill, former CEO at PricewaterhouseCoopers & Chair at Scotiabank and BCE




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Edmonton Convention Centre being converted to a homeless shelter facility

+ in Toronto, Cresford Group (3 downtown highrise projects – 33 Yorkville, The Clover on Yonge, and Halo) placed in receivership; bcIMC Construction Fund and Otera Capital owed $163.2 million; PwC appointed receiver

+ Vancouver Convention Centre being converted to a temporary 270-bed hospital




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Falkbuilt and Sprung continue to get traction and media coverage; providing temporary structures and ICU infrastructure worldwide

+ Ontario temporary COVID-19 capacity solution




 INFRASTRUCTURE + P3 


+ CMLC set a 30-day delay in the planning process for the new downtown arena due to COVID-19

+ Government of Canada issued guidance on essential services and functions during the COVID-19 Pandemic

+ Northland Power Inc. began operations of their 252MW offshore Deutsche Bucht offshore windfarm project




 SAVE THE DATE / upcoming events

+ Apr. 7-8; 2020 Scotiabank CAPP Energy Symposium, Calgary (virtual only)

+ Apr. 15; Enbridge Famous 5 Speaker Series Leadership Lunch, Fairmont Palliser, Calgary; info/register

+ Apr. 22; Earth Day (50th Anniversary), celebrated world wide; details

+ Apr. 30; Calgary Women’s Emergency Shelter’s Turning Points Dinner, TELUS Convention Centre, Calgary; info/tickets

+ May 12-14; Canada Gas and LNG Exhibition and Conference, Vancouver Convention Centre, Vancouver; info/register

+ May 14; Reins of Responsibility, Shriners Fez Dome, Calgary; info/registration

+ June 1-3; Operational Excellence in Energy, Chemicals & Resources, BMO Centre, Calgary; info/register

+ June 6;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; sign up / register / donate

+ June 9-11; Global Energy Show, Stampede Park, Calgary; info/inquiries/register

+ July 3-12; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ Aug. 22; Fresh Start Recovery’s 12 Stop Ride For Recovery Motorcycle Road Rally; save the date

+ Sept. 16-17; Lloydminster Heavy Oil Show, Lloydminster, Agricultural Exhibition Association, Lloydminster; info/register

+ Sept. 22-24; BOMEX 2020, 20th Annual Building Excellence Summit,  JW Marriott Parq, Vancouver; save the date

+ Sept. 29-30; Business Transitions Forum, Westin Edmonton; info/registration

+ Sept. 30; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct. 21; Alberta Real Estate Forum, Edmonton; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

+ Nov. 25-27; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

~

2021

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ June 14-16; NeoCon, theMart, Chicago; info

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

[please send your event notices and AGM notices to kolke@facilitycalgary.com ]




 INTERESTING TRENDS IN OFFICE 


+ SoftBank Group pulled out of US$3.0 billion tender offer for WeWork shares due to failure of WeWork and its founder Adam Neumann to fulfill its closing conditions; SoftBank continues as a significant shareholder and driving policy/management




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 TODAY'S HEADLINES


HEADLINES: COVID-19 impacting everything | Altima acquired Crimson | BMO acquired Clearpool | Cryopeak breaks ground | Perpetual closed asset sale | Whiting in Chapter 11 + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




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Visit: https://falkbuilt.com/
~
E-mail: thom.hinton@falkbuilt.com
~
DIGITAL COMPONENT CONSTRUCTION



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

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CONTACT MARK KOLKE 
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THERE HAS NEVER BEEN A BETTER TIME TO NEGOTIATE AN OFFICE LEASE IN CALGARY in the last 20 years, and I doubt we'll see better terms in the next 10 years than we can negotiate now; let's discuss your needs now; please call me at your convenience - Mark Kolke, 403-444-6939 - or send me an email: kolke@markkolke.com to discuss how we can deliver a solid impact on your bottom line. Saving money by reducing costs is sound thinking in any market climate - sometimes a move is in order, sometimes a renegotiation is best.

Mark Kolke, Agent, MaxWell South Star Realty

Commercial Agent | Property Manager /  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales



Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell South Star Realty

CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



The Level - SETON, ROHIT COMMERCIAL

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



Visit: https://www.incito.ca/
~
E-mail:  inspire@incito.ca

EXECUTIVE COACHING



 
RETAINED EXECUTIVE SEARCH - For more information, click here.



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Visit: Levvel.ca
~
E-mail: connect@levvel.ca
~
OUR SERVICES



 HUMAN RESOURCES + WORKPLACE TRENDS 

+ keeping mental health on track in a time of remote working

+ ZOOM is a breakout hit as people distance-work-separate due to COVID-19 shutdowns

+ May 14; Reins of Responsibility, Shriners Fez Dome, Calgary; info/registration




 INTERESTING TRENDS IN RETAIL ...


+ Canadian Tire stores in Ontario now pick-up only; all other stores across Canada remain open under reduced hours

+ Starwood Capital Group acquired a Boston Class A office building from JP Morgan and Oxford Properties for US$614.0 million




 QUOTES 

+ Happiness is a perfume you cannot pour on others without getting some on yourself. – Ralph Waldo Emerson

+ Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around. – Leo Buscaglia




 KUDOS 

+ to Bird Construction Inc., celebrating 100 years in business

+ to Lulelemon athletica inc., for continuing to pay all its employees while its stores are closed




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 15; 2020 Peanut Butter Classic, Elbow Springs GC, Calgary; sponsorship,  info/registration

+ July 15-16; Willow Park Golf and County Club Charity Classic in support of Calgary Reads, Calgary;  info/registration/waiting list

+ Aug. 10; 2020 Legends for Learners Tournament in support of The Education Partnership Foundation, Valley Ridge Golf Course, Calgary; sponsorship - info/register

~

[please send your charity golf event notices to:  kolke@facilitycalgary.com ]




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2020 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 March 31 ~ April 7 / 2020 


+ Alberta COVID-19 statistics; 24 dead so far in Alberta: aggregate Alberta data; self-assess if you think you have symptoms; best up-to-date site on cases, deaths, and recoveries by country from Johns Hopkins

+ Alberta-wide; group gatherings limited to fifteen (15); public health orders. All non-essential services ordered closed, restaurants allowed to stay open for take-out only. Premier Kenny cautioning the ‘peak’ for illness and deaths in Alberta may be several weeks from now – and he has cautioned against robust outdoor activities as mild weather comes …

+ Altima Resources Ltd. closed its acquisition of Crimson Oil and Gas Ltd.

+ are you wondering how you can help with COVID-19?; try volunteering – check out the needs at Propellus’s volunteer connector, or just ‘regular volunteering’ – it’s a great time to check these out

+ Athabasca Oil Corporation cuts its 2020CapEx Budget by $40.0 million to $85.0 million; also cut corporate state by 15%

+ BMO Financial Group closed its acquisition of Clearpool Gorup Inc.

+ Calgary’s State of Emergency status continues; the City of Calgary has suspended all public events (and permits) until June 30, Calgary Transit service reduced on most routes; 1,200 layoffs for recreation staff as a result of facility closures

+ Canada in crisis mode: a support programs being rolled out, support package for Alberta’s oil industry reported to be in the works, a deal with banks to support small business also reported to be in the works

+ Cenovus Energy Inc. further reduced its 2020CapEx Budget another $150.0 million to $750.0 million; sr. management and sr. staff salary cuts

+ CDC guidance; prevent the spread

+ COVID-19 virus watch: case growth graphic from December till now – updated daily

+ Cryopeak LNG Solutions Corporation broke ground on 90,000 gallons/day LNG production facility at Fort St. John, BC

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices bouncing as Saudis, Russians, and OPEC countries struggling/delaying negotiations for stabilizing levels of production; 10.0 million/bbld reductions on the table as demand plummets due to COVID-19 …

+ ExxonMobil reduced its 2020CapEx Budget from US$33.0 billion to US$23.0 billion

+ Falkbuilt and Sprung continue to get traction and media coverage; providing temporary structures and ICU infrastructure worldwide

+ IMF (International Monetary Fund) has a US$1.0 trillion war chest set aside to protect the economy from the effect of COVID-19

+ Imperial Oil announced its 2020CapEx Budget is reduced to $1.1 billion, a $500.0 million reduction

+ Ovintiv Inc. reduced its 2nd qtr. 2020CapEx Budget by US$200.0 million to US$500.0 million

+ Perpetual Energy Inc. closed the sale of a 50% working interest of its East Edson property for $35.0 million

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 64 to 664 this week; Canada: down 13 to 41 this week; full breakdown

+ TC Energy going forward with US$8.0 billion Keystone XL Pipeline expansion project; Government of Alberta investing US$1.1 billion in equity AND providing substantial loan guarantees

+ TELUS Convention Centre has ‘opened’ as an emergency shelter; can house 350 people with ‘safe-distancing’

+ Tervita Corporation announced a reduced 2020CapEx Budget from $85.0 million to $60.0 million

+ Whiting Petroleum Corp. filed for Chapter 11 Bankruptcy protection




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Centric Health Corporation closed $420.0 million in debt financings

+ Chorus Aviation Inc. secured US$100.0 million credit facility

+ District Ventures Capital raised $100.0 million in equity

+ Pembina Pipeline Corporation secured $800.0 million credit facility

+ People Corporation closed $22.0 million equity financing by private placement

+ PharmaCielo Ltd. is on the market to raise $8.0 million in equity by private placement

+ Restaurant Brands International Inc. is on the market to raise $500.0 million in sr. secured debt

+ TC Energy Corp. closed $2.0 billion debt financing

+ Torque Esports Corp. closed $4.0 million tranche of an equity financing by private placement

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 SHAREHOLDER MEETINGS

+ Apr. 7; Colliers International Group Inc., Annual Meeting of Shareholders, Toronto (and virtual)

+ Apr. 7; Bank of Nova Scotia, Annual Meeting of Shareholder, Toronto (virtual only)

+ Apr. 8; Royal Bank of Canada, Annual Meeting of Shareholders, (virtual only)

+ Apr. 8; CIBC, Annual Meeting of Shareholders, (virtual only)

+ Apr. 8; FirstService Corporation, Annual Meeting of Shareholders, Toronto

+ Apr. 9; Richelieu Hardware Ltd., Annual General Meeting, Montreal (and virtual)

+ Apr. 15; Quarterhill Inc., Annual Meeting of Shareholders, (virtual only)

+ Apr. 15; Africa Oil Corp., Annual General and Special Meeting of Shareholder, Vancouver

+ Apr. 20; Strad Inc., Special Meeting of Shareholders, (virtual only)

+ Apr. 21; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, (virtual only)

+ Apr. 21; Prairie Sky Royalty Ltd., Annual General Meeting, (virtual only)

+ Apr. 21; TransAlta Corporation, Annual and Special Meeting of Shareholders, (virtual only)

+ Apr. 21; West Fraser Timber Ltd., Annual General Meeting, Vancouver

+ Apr. 23; Calgary Real Estate Board, Annual General Meeting, Calgary

+ Apr. 23; Canfor Pulp Products Inc., (virtual only)

+ Apr. 23; Cervus Equipment Corporation, Annual General Meeting, (virtual only)

+ Apr. 24; Choice Properties REIT, Annual Meeting of Unitholders, (virtual only)

+ Apr. 24; National Bank of Canada, Annual Meeting of Shareholders, (virtual only)

+ Apr. 29; Cenovus Energy, Annual Meeting of Shareholders, (virtual only)

+ Apr. 30; Pason Systems Inc., Annual General Meeting, (virtual only)

+ Apr. 30; Yangarrra Resources Ltd., Annual General and Special Meeting, (virtual only)

+ May 5; Parex Resources Inc., Annual General and Special Meeting of Shareholders, Calgary

+ May 5; Sun Life Assurance Company of Canada, Annual Meeting of Common Shareholders, (virtual only)

+ May 6; European Residential REIT, Annual Unitholders Meeting, Toronto

+ May 7; iA Financial Group, Annual Meetings, (virtual only)

+ May 7; Manulife Financial Corporation, 2020 Annual Meeting of Shareholders, (virtual only)

+ May 7; Paramount Resources Ltd., Annual General Meeting, (virtual only)

+ May 7; SNC-Lavalin, Annual General Meeting, Montreal

+ May 7; Inter Pipeline, Annual and Special Meeting of Shareholders, (virtual only)

+ May 12; Keyera Corp., Annual Meeting of Shareholders, (virtual only)

+ May 12; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

+ May 12; Resolute Forest Products Inc., Annual Meeting of Shareholders, Saguenay

+ May 13; Cardinal Energy Ltd., Annual Meeting of Shareholders, Calgary

+ May 13; TransGlobe Energy Corporation, Annual General and Special Meeting, Calgary

+ May 14; Emera Inc., Annual Meeting of Shareholders, Toronto

+ May 14; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, (virtual only)

+ May 21; Return On Innovation Fund Inc., Annual General Meeting of Shareholders, Toronto

+ June 2; Aecon Group Inc., Annual Meeting of Shareholders, (virtual only)

+ June 2; TIMIA Capital Corporation, Annual Shareholder Meeting, (virtual only)

+ June 18; CI Financial Corp., Annual Meeting of Shareholders, (virtual only)

+ June 23; Pinnacle Renewable Energy Inc., Annual General Meeting, Vancouver

+ June 25; Cascades, Annual General Meeting, (virtual only)

+ June 25; Melcor REIT, Annual General Meeting, (tbd)

+ June 25; Melcor Developments Ltd., Annual General Meeting, (tbd)

+ June 26, Winpak Ltd., Annual Meeting of Shareholders, Winnipeg

+ Aug. 11; Just Energy Group Inc., Annual and Special Meeting of Shareholders, Toronto

 

~

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025