FACILITYCalgary

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

FACILITYCalgary June17/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alan MacKenzie, Pres. @ Triovest, resigned

+ Alan MacKenize to CEO, Canadian Markets @ JLL

+ Andrew Foster to Associate @ Stikeman Elliott LLP

+ Anne McGrath to Associate, Ottawa @ Hill + Knowlton Strategies

+ Anthony Jackson to Sr. Advisor, Talent Acquisition @ Cenovus Energy

+ Brad Wall to Director @ Whitecap Resources Inc.

+ Brenda Beckedorf to Exec. Dir. @ Alberta IoT

+ Catherine (Kay) Best, Director @ AltaGas Ltd., retired

+ Chelsea Balsdon to Marketing Mgr. @ Forward Level Marketing

+ Darren Battersby to CFO @ Venzee Technologies Inc.

+ David Duckworth to City Manager @ City of Calgary

+ Elise Jordan to Director @ Waste Connections Inc.

+ Gitane De Silva to Special Advisor, Alberta Energy @ Government of Alberta

+ Greg Dilworth to VP & CFO, Group Retirement Services @ Sun Life Financial

+ Ilma Ozeliene to Exec. Assistant to VP Internal Audit and Internal Controls @ ATCO Group

+ John Flint, CEO @ HSBC, ‘ousted’

+ Joseph Kirk to Pres. @ Govan Brown

+ Juan Carlos Salazar to Director @ ARROW Exploration Corp.

+ Kent Rupert, Exec. Director, Economic Development @ City of Airdrie, resigned

+ Kent Rupert to Exec. Director @ Blue Zones Project

+ Kim Edwards to Pres. & CEO @ Panda Flowers Canada Inc.

+ Mark Behrman, CFO @ Delphi Energy Corp., left the company

+ Mary Swaffield to Exec. Director @ Alberta Mortgage Brokers Association

+ Max Morin to Recruitment Consultant @ Recruitment Partners Inc.

+ Melinda Lee, Director @ The Second Cup Ltd., stepped down

+ Melinda Lee to Strategic Acquisition Consultant @ The Second Cup Ltd.

+ Mike Backus to VP Operations and Dev. @ Painted Pony Energy Ltd.

+ Nick Hann, Head of Investments @ Canada Infrastructure Bank, resigned

+ Paul Phelan, Director @ The Second Cup Ltd., stepped down

+ Paul Sandhu to Pres. & CEO @ Marret Asset Management

+ Rob Taylor to Director @ Hardwoods Distribution Inc.

+ Robin Joshua to Pres @ Echelon Insurance

+ Ryan Zahara to Partner @ MLT Aikins LLP

+ Stephen Kelly to Director @ The Second Cup Ltd.

+ Savio Chiu, Director @ H-Source Holdings Ltd., resigned

+ Valerie Devine to Sales Specialist @ Rubi/Icon Stone & Tile

~

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




 MEMORIAM  

+ Deepak Obhrai; long-serving and distinguished MP for Calgary Forest Lawn; 69

+ Rod Thomas, long term Gen. Mgr. @ Calgary Petroleum Club, foody, friend; 63

+ Stephen Liskowich, optometrist, pride of Bienfait; 78




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ rethinking to-do lists

+ what do you want to hire, cogs or linchpins?

+ why office jobs may be making people fat




 QUOTES 

+ True empathy requires that you step outside your own emotion to view things entirely from the perspective of the other person. - unknown

+ Instead of looking at the gap between where you are and where you want to be, stop for a moment and look behind you at how far you’ve come and the small goals you’ve achieved. – Orly Wahba




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 SAVE THE DATE / upcoming events

+  Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 4; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 14; Cerebral Palsy Association, Life Without Limits Challenge, Rotary Challenger Park, Calgary; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Sept. 25-26; Artificial Lift & Production Optimization, Western Canada 2019, Blackfoot Inn, Calgary; info/register

+ Sept. 25-26; Waterpower Canada Conference, Montreal; info/register

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Oct. 21; tentative date, Federal Election – everywhere; Elections Canada are recommending staying with this date even though it conflicts with Shemini Atzeret Jewish holiday … tic toc

+ Nov. 6; Calgary Real Estate Forum, TELUS Convention Centre; info/register

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


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



 SHAREHOLDER MEETINGS

+ Aug. 6; Echelon Financial Holdings Inc., Annual General Meeting, Toronto

+ Aug 6; GMP Capital Inc., Meeting of Common Shareholders, Toronto

+ Aug. 16; Street Capital Group Inc., Special Meeting of Shareholders, Toronto

+ Aug. 21; The Wawanesa Life Insurance Company, Special Meeting of Shareholders and Policyholders, Winnipeg

+ Aug. 23; theScore Inc., Shareholder Meeting, Toronto

~

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ July, 2018 – hottest month in recorded history




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 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: Calgary arena OK’d | GreenLine LRT ‘no pause’ | Paramount asset sale | Shaw sold data centre | TC Energy sells Ont. Gas-fired plants |  TransAlta asset swap + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings




current week data

this  site is refreshed with a new issue every Tuesday


updated August 6, 2019


Editor/Publisher: Mark Kolke



CONVERSATIONS

FACILITYCalgary Publisher Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future:

A recent conversation with Denise Baril, Founder/Pres. @ Workplace Speaker Network

A recent conversation with Neil Camarta, Pres. & CEO @ Field Upgrading and former Sr. VP Oilsands @ Suncor and Royal Dutch Shell

Click here to access the archive: archived conversations with fascinating Calgarians ...



 sponsors of this week's issue:

Partner with us for your CSR or employee giving program, and join us in the global fight against avoidable blindness - e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE



RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: Carol.Keen@DataHive.ca



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



e-mail Lance Laliberte - Sales at PREMIERE OFFICE MOVERS
 
OFFICE MOVERS



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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.

CONTACT MARK KOLKE 
RESIDENTIAL SALES



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



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



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NEWS SUMMARY 
 July 30 ~ August 6 


+ Calgary City Council and Calgary Flames ownership’s deal for a new arena got approved; $580.0 million arena and even facility to be built on site adjacent to Saddledome. Deal details and design process underway – 19,000 seat arena will be under a 35 year lease – capital costs to be divided 50/50; Calgary Municipal Land Corp. will oversee the construction process expected to commence in 2021, puck-drop in 2024

+ Canadian mergers and acquisitions market; PWC midyear report shows US$73 billion so far …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices down on reduced demand and concerns over U.S-China trade war impacts …

+ GOA hired Claudia Cattaneo to develop a strategic plan for fighting-back against energy critics

+ GOA set up two panels to cut regulatory red tape; one for oil & gas and one for hospitality & tourism

+ GOA delaying post-secondary financing application (software upgrade is the story …)

+ GOA freezing investor tax credit program that helps small businesses access capital … tic toc

+ Hillcore Group closed its acquisition of Treeline Well Services Inc.

+ Paramount Resources Ltd. closed its $470.0 million sale of its Karr 6-19 Natural Gas Facility

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 4 to 942 this week; Canada: up 10 to 137 this week; full breakdown

+ Shaw Communications Inc. agree to sell its Calgary-1 data centre to eStruxture Data Centeres; terms not disclosed

+ Shell Offshore Inc. closed the sale of its GOM Caesar-Tonga asset to Equinor ASA for US$965.0 million

+ Spark Power Group Inc. acquired 3-Phase Electrical Ltd.

+ TC Energy Inc. agreed to sell its interest in three Ontario (Halton Hills, Napanee and Portlands) gas-fired power plants for $2.87 billion to Ontario Power Generation

+ U.S. Federal Reserve lowered rates by 25-basis points (1/4 of 1%)

+ U.S. stock markets dove yesterday over devaluation of the Yuan and fallout from the China-U.S. trade war; Canadian markets were closed for the August civic holiday

+ Value Creation Group announced it will expand the size/scope of its Heartland Upgrader Refinery; 188 kbpd




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Correvio Pharma Corp. is on the market to raise US$12.0 million

+ Firm Capital American Realty Partners Corp. is on the market to raise $17.0 million in convertible debt

+ NorthWest Healthcare Properties REIT closed $172.6 million equity financing

~

*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 …




 INFRASTRUCTURE / P3  


+ Calgary city council approved an 11-point plan for advancement of the GreenLine LRT; no stall, but more deliberate oversite … tic toc

+ Canada Infrastructure Bank signed a deal with Lulu Island Energy Company relating to a planned district energy expansion project

+ National Capital Commission engaged a firm to handle the master planning role for development of the LeBreton Flats project in Ottawa: O2 Planning + Design won the mandate

+ TC Energy Inc. agreed to sell its interest in three Ontario (Halton Hills, Napanee and Portlands) gas-fired power plants for $2.87 billion

+ TransAlta Corporation and Capital Power Corporation completed an asset swap transaction to align ownership of Keephills and Genessee projects; TransAlta will have 100% of Keephills 3 and Capital Power will own 100% of Genesee 3; Capital will pay TransAlta $10.0 million




 BUILDING OPERATIONS NEWS + INNOVATION 

+ No. 1 loo; best washrooms in Canada – short list of 5 finalists; kudos to Beaverhill Shell in Lac La Biche for making the shortlist




 CONSTRUCTION NEWS + INNOVATION 

+ could we re-ice the arctic? … some architects think so

+ Dialog was recognized by a 2019 International Architecture Award in the bridges and infrastructure category for its Edmonton Funicular project




 INTERESTING TRENDS IN RETAIL 


+ Hudson’s Bay Company drama continues; management led takeover bid (Baker Group) vs. a rival (Catalyst Capital Group) vie for the board of directors decision … tic toc

+ Sobeys to eliminate plastic bags by end of January 2020; Calgary Co-op is doing a similar phase out, only sooner … Aug. 19




 this week in REITS 


+ CAP REIT expanding its holdings in the Netherlands; they agreed to acquire 18 buildings/ 942 units for $239.83 million

+ NorthWest Healthcare Properties REIT closed $172.6 million equity financing




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Invesque Inc. closed its US$285.4 million acquisition of Commonwealth Senior Living LLC (17 properties / 1,205 units)




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Aug. 12; Shrine Golf Tournament, Pinebrook Golf and Country Club, Calgary; details/sponsor/register

+ Aug. 13-15; Priddis Greens Charity Classic, Priddis Greens G& CC, Priddis; info/details

+ Aug. 15; CHAS (Children;s Hospital Aid Society) 37th Golf Classic, Silver Springs Golf Club, Calgary; info/registration

+ Aug. 22; BILD Calgary 2019 Industry Charity Tournament, Priddis Greens, Priddis; info/register

+ Aug. 29; Urban Measure Invitational for Cystic Fibrosis, Inglewood Golf & Curling Club, Calgary; info/register

+ Sept. 4; Little Warriors 4th Annual Golf Tournament, The Quarry, Edmonton; info/register

+ Sept. 5; 2019 Enmax BOMA Golf Tournament, Kananaskis Country GC, Kananaskis; info/register

+ Sept. 19; Basecamp Resorts/Murrieta’s 1st Annual Charity Golf Tournament, Stewart Creek, Canmore; info/register

~

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




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this site last updated June 17, 2025