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 

+ 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  


© 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