FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

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NEW LISTING: 


CLICK HERE FOR VIRTUAL TOUR

JUST LISTED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000; contact Mark Kolke or Jamie Giszas

CLICK HERE for full MLS listing details, floor plans, and virtual tour



  FOR SALE - relax and enjoy beautiful Marina Bay at SYLVAN LAKE 


FOR SALE - lakefront home Marina Bay - Sylvan Lake - CLICK PHOTO for VIRTUAL TOUR
CLICK HERE FOR GOOGLE MAP LOCATOR



 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June 8-12, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

 

+ Check out this year’s GLOBAL ENERGY AWARDS winners


Upcoming Webinars:

+ Aug. 12; Practical Aspects of Foam-Assisted SAGD; link to register

+ Aug. 19; CRIN: Acceleware Breakthrough Dialogue; link to register

+ Aug. 26; Advances in Automated Methane Detection Using InfraRed Cameras; link to register




 Classified advertising: 

+ CBI Newsletter – click here to sign up for it

“Cat’s Pick is a community based newsletter, that includes career postings; community, industry and networking events.”




PUT YOUR 
ADVERTISEMENT HERE
 request details/rate quotes:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



CONVERSATIONS

A recent conversation with Deb Sands, Pres. @ Priority Leasing Ltd.

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Christian Pfeiffer to Software Developer @ ZayZoom

+ Daniel Gelston to Group Pres., Defence & Security @ CAE Inc.

+ Darryl Polowaniuk to Project Director @ Ameresco

+ David Bowden to Head of Colliers Strategy & Consulting Group @ Colliers Canada

+ David Mayer to Gen. Mgr. @ DSO Concrete and Coatings

+ Domenic Pilla, CEO @ McKesson Corporation, retired

+ Dr. David Sans to Director, Corporate Development @ XORTX Therapeutics Inc.

+ Fernando Assing to Director @ Enerflex Ltd.

+ Jeff Fairholm to Regional Sales Mgr. for Canada @ Evans Consoles

+ Jephunneh Lattiboudeaire to Head, Canadian Bus. Dev. @ CyberScout

+ Kevin Geisner to Chief Strategy Officer @ Ritchie Bros. Auctioneers

+ Lori Tisi, Pres. @ RW&CO @ Reitmans (Canada) Limited, left the company/position abolished

+ Mario Paradis to Interim CEO @ Mondias Natural Products Inc.

+ Murry Sigler, to Interim CEO @ Calgary Chamber of Commerce

+ Rebecca McKillican to CEO @ McKesson Corporation

+ Sandip Lalli, Pres. & CEO @ Calgary Chamber of Commerce, moving on …

+ Stephen McNeil, Premier @ Government of Nova Scotia, stepping down

+ Time Wilson, CFO @ Equitable Group Inc., leaving the company

~

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




 MEMORIAM 

+ Dr. Don Dunford; retired, former Dean of the Faculty of Environmental Design @ University of Calgary, 83

+ Jock Osler; political operative, community supporter, arts community activist, public relations professional; 83

+ Victor Burstall; retired lawyer, founder of Burstall LLP, 88




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Albertans are more ready than most Canadians in terms of comfort level returning to workplaces according to a KPMG study; they have a new re-opening safe APP …

+ EY study Preparing for the future now: Rethinking the oil and gas workforce in 2040

+ legal questions on recruiting, retaining remote workers

+ skills that make remote workers successful




 SAVE THE DATE / upcoming events

+ 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

+ Oct. 28; BOMEX 2020 Virtual

+ Oct. 29-30; Business Transitions Forum, Westin Calgary; info/registration

+ Nov. 6; 6th Annual Barney Bentall and Cariboo Express/Peter Burgener Memorial Charity Concert benefit for Classroom Champions; save the date/information

+ 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 5;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; watch for sign up details

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

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

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

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

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ ITER working toward fusion-energy project say they are 70% complete – but fusing hydrogen atoms would be a great game-changer




 QUOTES 

+ Golf, like measles, should be caught young. – P.G. Wodehouse

+ Although golf was originally restricted to wealthy, overweight Protestants; today it’s open to anybody who owns hideous clothing. – Dave Berry




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 THIS WEEK'S HEADLINES


HEADLINES: Alberta COVID stats | Bonavista recapitaliziung | BP selling assets | Calfrac re-org | Century Casino sale | Painted Pony sold to CNRL + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

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.

CLICK HERE to sign up for Housing Truth newsletter 

CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services


Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales


Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

- net lease administration

- multi-family residential


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

Mark Kolke – Agent/Property Manager

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


CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



  South-Calgary 2nd floor Design/Office space FOR LEASE 


 123 Forge Road SE, Calgary 


~ 2nd floor office suite, elevatored

~ Suite #200, 9,268 sq. ft. / full floor

~ options; for multi-tenant:

-          3,315 sq. ft.

-          3,515 sq. ft.

~ surface parking, ~ transit nearby

~close to Glenmore Trail, Fairmont Drive and Chinook Centre

~ market rental rate

~ available September 2020

~ contact Mark Kolke, or call your agent


CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



e-mail Kevin Phone
 
OFFICE MOVERS



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

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



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



 INTERESTING RETAIL TRENDS ...


+ Lord & Taylor/Le Tote filed for Chapter 11 bankruptcy protection; will conduct store closeout activities commenced at 19 of Lord & Taylor’s 38 locations

+ Moores 125 stores have CCAA implications relating to US Chapter 11 filings of Tailored Brands Inc. (Men’s Warehouse et al) …

+ Simon Property Group Inc. reported being in talks with Amazon.com to convert vacant J.C. Penny and Sears stores into fulfillment centres …




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 11; Alberta Treasury Management Charity Classic – in support of Big Brothers Big Sisters of Calgary and Area, Canmore Golf & Curling Club; info/registration

+ Sept. 15; 20th Annual Oil Sands Charity Classic, Miskanaw Golf Course, Fort McMurray; info/register

+ Sept. 17; Ronald McDonald House Alberta Charity Golf Classic, 20th Anniversary; Silvertip Golf Resort, Canmore; info/register

+ Sept. 18; Alberta IoT Getting Back to Business Golf Tournament, Apple Creek, Rockyview Country; info/register/sponsor

+ PLEASE SEND US YOUR 2021 tournament details for posting here!

~

[please send your 2021 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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http://facilitycalgary.com

http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 August 4 ~ 11 / 2020 


+ Alberta COVID-19 stats trending downward: 208 deaths, 1,125 active cases of 11,430 cases to date: aggregate Alberta data – currently, 68 Albertans are in the hospital with COVID-19, and 18 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, allowing many more businesses to re-open and allowing a wider range of public gathering activities started June 12th; state of public health emergency status for Calgary, and for Alberta, now lifted. The maximum size of outdoor gatherings has been raised to 200

+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board

+ a NEW publication coming soon; I will start publishing PROPERTY LINES – 1st issue coming out August 15th; monthly newsletter focused on investment real estate, property management, foreclosures and insolvency in Alberta, and including trend indicators from national and international sources

+ Bonavista Energy Corporation got its final court order approving its recapitalization transaction

+ BP has determined it has US$17.5 billion in non-economically viable assets; looking to sell them; Canadian oilsands assets and Angola holdings are reported high on their list for sale; announcements reiterated BP’s commitment to being a net-zero emissions company by 2050 … tic toc …

+ Calfrac Well Service Ltd. got an Interim Order for its recapitalization transaction; meanwhile, significant shareholder Wilks Brothers LLC are pushing an alternate restructuring plan … tic toc

+ Canada Energy Regulator established an Indigenous Advisory Committee

+ Century Casinos Inc.’s sub. Century Resorts Alberta Inc. agreed to sell its Century Casino Calgary operation for $10.0 million to 2267166 Alberta Ltd.; Century Resorts Alberta Inc. continue to operate the facility and own the real estate

+ CI Financial Corp. agreed to acquire a majority interest in Aligned Capita (their book is $10.0 billion)

+ Circa Enterprises Inc. agreed to acquire Teletics Inc.

+ City of Calgary ‘masks in public places’ bylaw went into effect August 1st

+ Crowfoot Land & Livestock Corporation placed in receivership; MNP appointed receiver

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices holding steady – 5-month high on large drop in U.S. inventories; WTI and Brent up-ticking on increased Asian demand and in anticipation of a further U.S. US$1.0 trillion stimulus package

+ Optiva Inc. adopted a shareholder rights plan

+ Painted Pony Energy Ltd. agreed to be taken-over by Canadian Natural Resources Limited; $461.0 million transaction value - $111.0 million cash and assumption of debt

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 4 to 247 this week; Canada: up 2 to 47 this week; full breakdown




 SHAREHOLDER MEETINGS

+ Aug. 12; CAE Inc., Annual Meeting of Shareholders, Montreal, (by appointment and virtual)

+ Aug. 12; Sylogist Ltd., Special and Annual General Meeting, Calgary

+ Aug. 13; VIA Rail Canada, Annual Public Meeting, (virtual only)

+ Aug. 14; Pizza Pizza Royalty corp., Annual Meeting of Shareholders, (virtual only)

+ Aug. 18; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

+ Aug. 24; Artis REIT, Annual Meeting of Unitholders, (virtual only)

+ Aug. 24; Doctors Eye Care Co-op Ltd., Annual General Meeting, (virtual only)

+ Aug. 25; Just Energy Group Inc., Annual and Special Meeting of Shareholders, Toronto

+ Aug. 31; Alaris Royalty Corp., Special Meeting of Shareholders, Calgary

+ Sept. 9; HMH China Investments Limited, Annual General Meeting, Niagara Falls, NY

+ Sept. 10; Covington Venture Fund Inc., Special Meeting of Shareholders, Toronto

+ Sept. 14; Pipestone Energy Corp., Annual General and Special Meeting, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Sr. Unsecured Noteholders Meeting, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Shareholders Meeting, Calgary

+ Sept. 19; Fonds de solidarité FTQ, Annual General Meeting, (virtual only)

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

~

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




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Aequus Pharmaceuticals Inc. closed $2.5 million equity financing

+ Cascades Inc. is on the market to raise US$300.0 million in sr. unsecured debt

+ Converge Technology Solutions Corp. closed $2.624 million overallotment of its recent equity financing for a total raise of $20.12 million in equity

+ Great-West Lifeco is on the market to raise US$500.0 million in sr. unsecured debt

+ Husky Energy is on the market to raise $1.25 billion in unsecured debt

+ Intermap Technologies Corporation closed $2.0 million first-tranche of an equity financing by private placement

+ NextPoint Acquisition Corp. is on the market to raise US$200.0 million in equity by IPO

+ Pipestone Energy Corp. is on the market to raise $70.0 million

+ Reconnaissance Energy Africa Ltd. is on the market to raise $22.0 million in equity

+ Reitmans (Canada) Limited secured $60.0 million DIP (BMO) financing facility

+ Ridgewood Capital Asset Management Inc. closed $8.2 million 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 or non-arm’s-length transactions …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Bingham Crossing – Phase 2 approved by Rocky View County

+ groundbreaking on Toronto tall wood tower

+ six teams shortlisted for two Toronto subway tunneling projects

+ Trump government levied tariffs on Canadian aluminum; the Government of Canada says it will retaliate with $3.6 billion in offsetting tariffs … tic toc

+ $1.1 billion Montreal tunnel rehab project underway




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Lowe’s Canada published its 2019 Corporate Responsibility Report



 INFRASTRUCTURE + P3 


+ Alberta signed on to a Memorandum of Understanding for exploration of a nuclear power program – Small Modular Reactors – joining New Brunswick, Ontario, and Saskatchewan …

+ Connor, Clark & Lunn Infrastructure and Alpenglow Rail LLC acquired USA Rail; terminals in Port Allen and Port Arthur, Texas

+ RWE Renewables signed a long-term supply contract with Direct Energy to take 25MW of output from its recently commissions Taber County solar plant




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ...


+ Day & Ross Inc. acquired 100,000 distribution center in Cincinnati, OH




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES ...


+ in Edmonton, Pangman Development Corporation, and a group of orthopedic surgeons are proposing a private hospital facility in Edmonton; Dialog design/$200.0 million/270,000 sq. ft.; the site is the former Ericksen Nissan car dealership near the Royal Alexandra hospital – with plans for a Royal Alex entity and Ericksen family to hold the real estate; interesting project, laden with politics … tic toc




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com