FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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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 

+ Alex Avery to Exec. VP, Asset Mgmt. & Strategic Initiatives @ H&R REIT

+ Alicia Dubois to Inaugural CEO @ Alberta Indigenous Opportunities Corporation

+ Andrew McDonald to CEO, Americas @ Cushman & Wakefield

+ Blair Kundell to Exec. VP, Operations @ H&R REIT

+ Chris Davis to Acting-Director, Legal Services @ Regional Municipality of Wood Buffalo

+ Christina Thomson to General Counsel @ Sierra Oncology Inc.

+ David McLaren, CFO @ MPX International Corporation, resigned

+ Eileen Marikar to Sr. VP & CFO @ Keyera

+ Éric Jobin to Exec. VP, Group Benefits and Retirement Solutions @ iA Financial Group

+ Garry Buzzard to Estimator/Sales @ Magnus Interiors Inc.

+ Gary Samuel, Director @ Trez Capital Senior Mortgage Investment Corporation, resigned

+ Glenn Fagan to Director @ GreenSpace Brands Inc.

+ Jayme Kruger to Pres. & Managing Partner @ Harbour Opportunity Partners Inc.

+ Jeffrey Hyman to Director @ Loop Insights Inc.

+ Jennifer Tory to Director @ Allied Properties REIT

+ John Carvalho, CFO and Chief Investment Officer @ Wolverine Energy and Infrastructure Inc., stepping down

+ John Szeman to Director of REITS and Investment Funds @ TD Bank

+ Jonathan Chu to Interim CFO @ MPX International Corporation

+ Kenneth Wiener to Director @ Trez Capital Senior Mortgage Investment Corporation

+ Marc-André Blanchard to Exec. VP and Head of CDPQ Global @ Caisse de dépôt et placement du Québec 

+ Mary Filippelli to Director @ CWB Financial Group

+ Matthew Greenberg to VP Finance @ Wolverine Energy and Infrastructure Inc.

+ Michael Kadonoff, Director, Pres. & CEO @ Braingrid Limited, resigned

+ Myron Stadnyk to Director @ Crescent Point Energy Corp.

+ Nancy Webb to Sr. VP Public Affairs and Marketing @ Sienna Senior Living Inc.

+ Nathan Uhr, COO @ H&R REIT, retired

+ Nikolaus Kiefer to CFO @ Wolverine Energy and Infrastructure Inc.

+ Ren Shu, Director @ Boyuan Construction Group Inc., resigned

+ Roger Duurtsema to VP Flooring, Calgary @ RGO

+ Stacey Mowbray to Director @ Hydro One Inc.

+ Steve Register to GM, RGO Technologies @ RGO

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ corporate culture suffering from remote work

+ lessons learned – three ways the world of work has been permanently altered




 TECH CORNER ... 

+ Microsoft reported to be in talks to acquire U.S. unit of Tik-Tok … tic toc

+ Shaw Communications Inc. launched Shaw Mobile; boasting better technology and lower prices …




 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 

+ Canadian Pacific issued a Climate Change Statement

+ Chevron U.S.A. Inc. and Algonquin Power & Utilities Corp. agreed to re-develop renewable power projects; initial projects will be co-gen facilities at existing Chevron projects in Texas, New Mexico, Argentina, Kazakhstan, and Western Australia

+ pioneer SHARC International Systems Inc. helping Colorado’s firsts net-zero-energy building launch with installation of its PIRANHA system in the second phase of the Boulder Commons in Boulder, CO




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 THIS WEEK'S HEADLINES


HEADLINES: Alberta COVID stats | Alpine Park launch | Bird buying Stuart Olson | Bonavista recapitalizing | Calgary MASK BY-LAW | Shaw Mobile launch | SNC-Lavalin downsizing | TC/Keystone volume bump | Total oilsands write-down + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos


 sponsors of this week's issue:

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



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.



 INTERESTING RETAIL TRENDS ...


+ California Pizza Kitchen filed for Chapter 11 bankruptcy protection; they have 200 restaurants in eight countries, will restructure to close unprofitable locations, reduce debt – using US$46.8 DIP (debtor in possession) financing to complete the restructuring in 3 months

+ DavidsTea restructuring progress; plans to reopen 18 Canadian stores under new, more favourable lease terms; meanwhile, they’ve notified landlords of termination of 82 Canadian stores

+ Dunkin’ Brands Group expects to close 800 of its Dunkin’ locations in the U.S. this year and a further 350 internationally

+ Instacart and Costco joined forces to initiate a same-delivery from 76 Costco location in Canada;

+ Landmark Cinemas re-opened its theatres across Ontario on July 31st;

+ Laura’s Shoppe (P.V.) Inc. (140 stores, Laura and Melanie Lyne) started restructuring process; secured CCAA protection; KPMG is monitor

+ The Brick expanded to New Brunswick and PEI; stores now in Saint John, Charlottetown, and most recently in Fredericton

+ 7-Eleven owner Seven & i Holdings Co., a Japanese firm, is taking a big gulp – outbidding Canadian rival Alimentation Couche-Tarde Inc. – to acquire Marathon Petroleum’s 3,900 Speedway gas station unit for US$21.0 billion




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:

http://calgaryofficespace.com

http://facilitycalgary.com

http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 July 28 ~ August 4 / 2020 


+ Alberta COVID-19 stats: 196 deaths, 1,396 active cases of 10,843 cases to date: aggregate Alberta data – currently, 86 Albertans are in the hospital with COVID-19, and 17 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

+ Alpine Park, a Dream Unlimited project was launched with a ground-breaking event; the $2.5 billion, 646-acred greenfield development will unfold as a 476-acre highly-walkable community modeled after the Distillery District in Toronto; 15-yr. build out will be home to 10,000 residents. The SW section/leg of the Calgary Ring Road (under development) will provide access to this development.

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

+ Bird Construction Inc. entered into an agreement with Stuart Olson Inc; Bird to acquire Stuart Olson for $96.5 million; deal to close in 4th qtr, 2020

+ Bonavista Energy Corporation got senior noteholder and shareholder approval for its recapitalization transaction

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

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices steady week over week as inventories dropping offset demand concerns

+ GOA – Orphaned Well clean up issue will be driven by a new Liability Management Framework

+ GOA – committed $1.1 billion to support Alberta municipalities with COVID related recovery and reopening

+ GOA – spring sitting of the legislature is over

+ PSAC updated its 2020 forecast; now estimating 2,800 wells will be drilled in Canada this year  

+ RNDSQR’s design-award willing proposed 12-story development in Inglewood got approved by City Council despite neighbourhood opposition

+ rig activity in Canada

+ rig counts (active/working) – U.S.: unchanged at 251 this week; Canada: up 3 to 45 this week; full breakdown

+ Shaw Communications Inc. launched Shaw Mobile; boasting better technology and lower prices …

+ SNC-Lavalin Group Inc. announced it will close or sell its resource operation in 21 of the 30 countries it operates in; staff reductions from 15,000 to 6,000 planned by end of 2020

+ Southcentre mall’s owner Oxford Properties announced plans to re-tenant the former Sears store; Dollarama, PetSmart, and Winners will occupy 100,000 sq. ft. of main floor space between fall 2020 and spring 2021; the remaining 135,000 sq. ft. will be developed with five tenants, expected to open in 2022

+ TC Energy Corp. got an expansion permit for Keystone Pipeline; from 590,000 bpd increased to 760,000 bpd

+ Total took a $9.3 billion write-down of its oilsands assets, $7.3 billion of that related to its investment in the Fort Hills mine operated by its partner Suncor




 SHAREHOLDER MEETINGS

+ Aug. 7; Bridgemarq Real Estate Services Inc., Annual Meeting of Shareholders, (virtual only)

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

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

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

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

+ 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

+ Bluerush Inc. closed $1.45 million in debt by private placement

+ BSR REIT closed its US$51.0 million acquisition of 370-door residential property in Houston from Starlight Investments

+ Cenovus Energy closed US$1.0 billion sr. unsecured debt financing

+ ComplyAdvantage closed US$50.0 million equity financing

+ Converge Technology Solutions Corp. closed $17.5 million equity financing

+ Dialogue Technologies Inc. closed $43.0 million equity financing

+ ESSA Pharma Inc. closed UYS$48.99 million equity financing

+ Killam Apartment REIT closed $69.0 billion equity financing

+ Last Mile Holdings Ltd. is on the market to raise $7.0 million in equity by private placement

+ Pieridae Energy Limited secured $6.0 million guarantee facility

+ Siyata Mobile Inc. closed $1.4 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  


+ Site C dam project facility pandemic related delays and runup in costs

+ Bird Construction Inc. entered into an agreement with Stuart Olson Inc; Bird to acquire Stuart Olson for $96.5 million; deal to close in 4th qtr, 2020

+ Ontario fast-track long-term care homes program

+ pioneer SHARC International Systems Inc. helping Colorado’s first net-zero-energy building launch with installation of its PIRANHA system in the second phase of the Boulder Commons in Boulder, CO is




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Canadian Pacific issued a Climate Change Statement




 this week in REITS + TRUSTS 


+ Choice Properties REIT acquired two properties from Wittington Properties Limited; $206.0 million by the issuance of 16.5 million units in the REIT – sites are retail and mixed-use elements of a Loblaws anchored property and the Weston Centre, a mixed-use site housing a Loblaws

+ ERES REIT agreed to acquire the Doorwerth Property, 120-door residential property in Renkum, Netherlands for $31.9 million

+ Killam Apartment REIT closed $69.0 billion equity financing

+ Link REIT (from Hong Kong) acquired 25 Cabot Square (481,605  sq. ft.) in London, UK for US$475.0 million from Himes Global REIT




 INFRASTRUCTURE + P3 


+ Chevron U.S.A. Inc. and Algonquin Power & Utilities Corp. agreed to re-develop renewable power projects; initial projects will be co-gen facilities at existing Chevron projects in Texas, New Mexico, Argentina, Kazakhstan, and Western Australia

+ Hydro One Limited completed its acquisition of Peterborough Distribution Inc.




 QUOTES 

+ Every positive value has its price in negative terms … the genius of Einstein leads to Hiroshima. – Pablo Picasso

+ If you’re not making mistakes, then you’re not doing anything. I’m positive that a doer makes mistakes. – John Wooden




 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 ]




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  


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