FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP

CONVERSATIONS

A recent conversation with Dean Kendall, Financial Organizer at Ideal Life Experience Ltd.

A recent conversation with Barry Heck, Pres. & CEO @ WINSPORT

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Andre Desmarais, Co-CEO @ Power Corporation of Canada, retiring

+ Andreas Thatcher to Interim CFO @ Geyser Brands Inc.

+ Andrew Browne to CFOR @ Telesat Canada

+ Andrew Chan to Principal Water Resources Engineer @ Matrix Solutions Inc.

+ Andrew Scheer, Leader @ Conservative Party of Canada, resigned

+ Ann Fandozzi to CEO @ Ritchie Bros. Auctioneers

+ Bill Gregson, Exec. Board Chair @ Recipe Unlimited Corporation, retired

+ Blake Hutcheson to CEO @ OMERS

+ Brad Whitel to Director @ Synaptic Medical

+ Bryson Goodwin to CEO @ Hemostemix Inc.

+ Catherine de Lacy to Director @ TORC Oil & Gas Ltd.

+ Cheryl McGillivrary to Chief Accountant & CFO @ Alberta Securities Commission

+ Chris Huskilson to Director @ Algonquin Power & Utilities Corp.

+ David Wood to Chairman @ Hemostemix Inc.

+ Dr. Eldon Smith, Director @ Resverlogix Corp., stepped down

+ Dr. Eric Brouwer to Interim CEO @ SQI Diagnostics Inc.

+ Jeff Orr to Pres. & CEO @ Power Corporation of Canada

+ Jeff Watts to CEO @ Prodigy Ventures Inc.

+ Jennifer Vibert to Human Resources Business Partner @ Uni-Select Inc.

+ John Brace to Board Chair @ Northland Power Inc.

+ John DeSanti to Director @ Prostate Cancer Centre

+ John Toarksky, CFOR @ Bird River Resources Inc., resigned

+ Ken Smithard, Pres., Cogeco Connexion @ Cogeco Communications Inc., left the company

+ Laura Cilis to Director @ Shawcor Ltd.

+ Linda Hasenfratz to Director @ Synaptic Medical

+ Martin Dufresne to Pres. & Managing Partner @ Walter Global Asset Management

+ Matthew Anfinson to COO @ Great Canadian Gaming Corporation

+ Matthew Gaasenbeek to Co-Head Investment Banking @ Stifel/GMP

+ Michael Latimer, CEO @ OMERS, retiring

+ Natasha Sever to CFO @ Hemostemix Inc.

+ Neil Narfason to Chief Restructuring Officer @ Strategic Group

+ Pat DelMonaco to Offensive Co-ordinator @ Calgary Stampeders

+ Paul Desmarais Jr. , Co-CEO @ Power Corporation of Canada, retiring

+ Paul Rivett to Board Chair @ Recipe Unlimited Corporation

+ Sans Cartier, Director @ Questerre Energy Corporation, resigned

+ Scott Gordon to Sr. Managing Dir., Real Estate Management, Canada @ Manulife Investment Management

+ Scott Milanovich to Head Coach @ Edmonton Eskimos

+ Stuart Haseldon, COO & Exec. VP @ Lululemon Atheletica Inc., leaving

+ Thomas Smeenk to Pres. @ Hemostemix Inc.

+ Todd Mattina to Chief Economist @ Mackenzie Investments

+ Yari Nieken to Director @ Hemostemix Inc.

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Circadian lighting mitigates workplace blues

+ how A.I. is changing the workplace

+ is work-life balance morphing into ‘work-life integration’?




 TECH Corner ...

+ Rogers opened a Toronto flagship ‘5G’ retail experience, Rogers 302, at Yonge & Dundas



 SAVE THE DATE / upcoming events

+ Feb. 24-28; 24th Annual International Pressure Equipment Integrity Association Conference & Exhibition, Banff Centre, Banff; info/registration

+ Mar. 13-14; Canada’s 8th National Fair Trade Conference, Hotel Arts, Calgary; info/registration

+ Apr. 1-3; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

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




 SHAREHOLDER MEETINGS

+ Dec. 17; Hudson’s Bay Co., Shareholder Meeting, Toronto

+ Dec. 18; Pengrowth Energy Corporation, Meetings of Shareholders and Secured Debtholders, Calgary

+ Jan. 7; Starlight U.S. Multi-Family (No. 1) Value-Add Fund, Special Meeting of Unitholders, Toronto

+ Jan. 9; NAV Canada, Annual Meeting, Ottawa

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

~

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




 Classified advertising: 



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



 QUOTES 

+ Keep looking up … that’s the secret of life. - Snoopy

+ If you have good thoughts they will shine out of your face like sunbeams and you will always look lovely. – Roald Dahl




 KUDOS 

+ to Canadian tennis sensation Bianca Andreescu, named 2019 winner of the Lou Marsh Trophy, awarded to Canada’s top athlete of the year




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ COP25 climate conference ran two days over its time-frame yet failed to reach consensus on carbon trading criteria; negotiation failure hinges largely on poor countries wanting more support from rich countries; issues around emission levels were on the agenda; they’ll be on tap next year at COP26. Federal Environment Minister Wilkinson made a commitment to introduce Canadian legislation to achieve net-zero carbon emission by 2050 … tic toc




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 - 2019 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com

http://facilitycalgary.com

http://plandflex.com

http://markmusing.com  

http://calgaryhome.help/


 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


CBE audit | Chevron exiting Kitimat LNG | Energy Future Forum | GOA – Canadian Energy Centre | Onex closes WestJet purchase | Pembina buys Kinder Morgan | Strategic Group in creditor protection + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




 sponsors of this week's issue:

RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 

e-mail: Carol.Keen@DataHive.ca
DATA CENTRE



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



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



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



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



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



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



DARE TO LEAD™ | Calgary

January 30 - 31, 2020


Facilitator - JENN LOFGREN, CPHR, MCC, CDTLF

Location - 
THE GRAND THEATRE - 608 1 St SW, Calgary, AB T2P 1M7

Tickets 

Early Bird: $1,450 until December 15

Regular:  $1,600 after December 15


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

EXECUTIVE COACHING



 this week in REITS 


+ Allied Properties REIT agreed to acquire World Trade Centre Montreal for $276.0 million

+ Automotive Properties REIT closed its $8.4 million acquisition of the Straightline Kia dealership property in Calgary from JV Driver Group

+ CAP REIT agreed to acquire 1,503 suite/8 properties in Halifax for $391.0 million

+ CAP REIT closed its $19.5 million acquisition of a 79-unit building, The Carrington, in Calgary

+ Continuum Residential REIT closed $1.735 billion sale of 44-building (6,271 suites) GTA portfolio of high-rise concrete rental apartment buildings to Starlight Investments

+ Crombie REIT is on the market to raise $150.0 million in sr. unsecured debt

+ ERES REIT is on the market to raise $125.0 million in equity

+ Firm Capital American Realty Partners Corp. got shareholder approval to convert to a trust structure; will be known as Firm Capital American Realty Partners Trust

+ First Capital Realty Inc. shareholders approved conversion to REIT structure & got court approval; will be First Capital REIT

+ FirstService Corporation closed US$23o.3 million equity financing

+ Killam Apartment REIT closed two acquisitions for $41.0 million; 105 units in Edmonton for $31.5 million, 48 units in Moncton for $9.5 million

+ NorthWest Healthcare Properties REIT acquired three European properties (2 in Germany, 1 in the Netherlands) for $68.5 million

+ Partners REIT completed its plan of arrangement with McCowan and Associates

+ Summit Industrial Income REIT agreed to acquired 184,561 sq. ft. building in Markham, ON for $39.8 million

+ True North Commercial REIT closed its $87.5 million acquisition if 252,500 sq. ft. LEED Gold/Class A office property in Mississauga, ON


↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 December 10 ~ 17 


+ Arrow Exploration Corp. engaged advisors to conduct a strategic alternatives process

+ Brookfield Business Partners LP got regulatory approval for its takeover of Genworth MI Canada Inc.

+ Calgary Board of Education being audited; Grant Thornton LLP acting on direction of GOA and Minister of Education

+ Chevron Corp. announced it is marketing its 50% interest in the Kitimat LNG Project; company undergoing a global portfolio optimization project, have taken US$10.0 billion write-down

+ Chevron Corp. announced its 2020CapEx Budget is US$20.0 billion

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up as Saudi cut back production in support of its IPO and OPEC production curbs and easing U.S./China trade tensions

+ CWC Energy Services Corp. announced its 2020CapEx Budget is $6.7 million

+ EFF – Energy Future Forum – had its inaugural meeting; foundation partners are Royal Bank of Canada, Suncor Energy, Hydro-Quebec and the Ivey Foundation; members joining initiative to get climate and energy policy working together

+ GOA opened its energy defense war room; The Canadian Energy Centre opened – but is $30.0 million to defend Alberta interests and counter foreign-funded attacks … tic toc

+ Gran Tierra Energy Inc. announced its 2020CapEx Budget is $200.0 million

+ NAFTA redux (CUSMA): the replacement deal has been signed, but it is far from ratified; U.S., Canada, and Mexico have to do that now … and so far the enabling U.S. legislation has offended Mexican officials … tic toc

+ Onex Corp. closed its $3.5 billion acquisition of WestJet and Swoop airlines

+ Pembina Pipeline Corporation acquisition of Kinder Morgan Canada Limited and U.S. portion of Cochin Pipeline System got approval from shareholders of both companies and closed

+ Pembina Pipeline Corporation announced its 2020CapEx Budget is $2.3 billion

+ Peyto Exploration & Development Corp. announced its 2020CapEx Budget is $250.0 million

+ Pieridae Energy Limited announced its 2020CapEx Budget is $32.0 million

+ Power Corporation of Canada and related entities completed a reorganization and succession of sr. management

+ rig activity in Canada

+ rig counts (active/working) – U.S.: unchanged at 799 this week; Canada: up 15 to 153 this week; full breakdown

+ Strad Inc. announced its 2020CapEx Budget is $25.0 million

+ Strategic Group (IEC Ltd, Audeamus Capital Corp. inter alia) sought CCAA creditor protection; 56 properties involved – Hardie & Kelly Inc. is court-appointed monitor

+ Surge Energy Inc. announced its 2020CapEx Budget is $98.5 million

+ TerraVest Industries Inc. acquired the assets of Argo Sales Inc.

+ TORC Oil & Gas Ltd. announced its 2020CapEx Budget is $190.0 million

+ Traverse Energy Ltd. put into receivership by ATB; EY is receiver/manager

+ Vertex One Asset Management Inc. closed its acquisition of PenderFund Capital Management Ltd.

+ Wellington-Altus Holdings Inc. sub. agreed to acquire TriVest Wealth Counsel Ltd.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas closed $500.0 million in sr. unsecured debt financing

+ Andlauer Healthcare Group Inc. closed $172.5 million equity financing by IPO

+ Atlas Engineered Products is on the market to raise $4.25 million in equity by private placement

+ Axion Ventures Inc. is on the market to raise $2.0 million in equity by private placement

+ Chartwell Retirement Residences secured $125.0 million unsecured debt financing

+ Crombie REIT is on the market to raise $150.0 million in sr. unsecured debt

+ ERES REIT is on the market to raise $125.0 million in equity

+ GFL Environmental Inc. is on the market to raise US$500.0 million in sr. secured debt

+ GFL Environmental Inc. is on the market to raise US$275.0 million in sr. unsecured debt

+ IsoEnergy Ltd. closed $3.227 million equity raise by private placement

+ Pipestone Energy Corp. secured $225.0 million credit facility

+ Royal Bank of Canada is on the market to raise $1.5 billion in subordinated debt

+ Saudi Aramco raised US$25.6 billion in equity by IPO

+ SPoT Coffee (Canada) Ltd. secured $2.5 million convertible debt financing

+ Synamptic Medical closed $25.0 million preferred share equity financing

+ Telesat Canada closed US$400.0 million sr. secured debt financing

+ Telesat Canada closed US$200.0 million revolving credit facility

~

*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 …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ boring started on Toronto’s CoxWell Bypass Tunnel – first phase of $3.0 billion project

+ U of C launched a new Doctor of Design Program




 INFRASTRUCTURE / P3  


+ Halifax Regional Council voted to provide one-time support of $20.0 million toward building a CFL stadium; Schooner Sports and Entertainment are planning a $100.0 million/24,000 seat facility




 CORPORATE RESPONSIBILITY REPORTS 


+ AltaGas Ltd. released its inaugural Environmental, Social & Governance Report




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Chartwell Retirement Residences acquired Emerald Hills, a 256-suite property in Sherwood Park, AB for $120.0 million

+ Tricon Capital Group Inc. acquired a 708-home portfolio in Nashville, TN for $210.0 million




 INTERESTING TRENDS IN RETAIL 


+ Bentley got creditor support to exit creditor protection; plans to close 88 stores after the holidays, then to continue with 163 stores

+ Cineplex Inc. agreed to be acquired by Cineworld Group plc; transaction value is $2.8 billion

+ Farm Boy Inc. expanding – opening 10 new Ontario locations; total stores now 37, with plans to double its size by 2023




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE


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