FACILITYCalgary

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

FACILITYCalgary June21/22

CONVERSATIONS

ARCHIVED ISSUES

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 

+ Ashley Buchanan to CEO @ The Michaels Corporation

+ Axel Schwan to Regional Pres., Tim Hortons for Canada & U.S. @ Restaurant Brands International

+ Carla Smith to Sr. VP Specialty Solutions, Canada @ Intact Financial Corporation

+ Dennis Mullenburg, CEO @ Boeing Inc., fired

+ Felix Betancourt to Interim CEO @ ARROW Exploration Corp.

+ Fotis Kalantzis to Pres. & CEO @ Return Energy Inc.

+ Gerald Scherman to Director @ Karnalyte Resources Inc.

+ Geri Greenall to CFO @ Return Energy Inc.

+ John DeSanti to Board Director @ Prostate Cancer Centre

+ John Hepburn to CEO & Scientific Director @ Mitacs Inc.

+ Kary Benner to Team Lead @ Holland Design

+ Katie Fontana to VP & CFO @ Birks Group Inc.

+ Ken Anderson to Sr. VP Investor Relations & Corporate Dev. @ Intact Financial Corporation

+ Lucio Di Clemente to Director @ Spark Power Group Inc.

+ Mark Gifford to CEO @ Real Estate Foundation of BC

+ Mike Watters to Business Dev. Mgr. @ Certarus Ltd.

+ Pasquale Di Lillo, VP & CFO @ Birks Group Inc., resigned

+ Pete Weightman to Sr. VP & Chief Underwriting Officer @ Intact Financial Corporation

+ Peter Taylor to Pres. @ Perpetuo Limited

+ Rene Tremblay to Trustee @ CAP REIT

+ Shiraz Ahmed to CFO @ Fairstone Financial Inc.

+ Sri Dronamraju to Chief Information Security Officer @ BMO Financial Group

+ Susan Jenah to Director @ Hydro One Inc.

+ Tracey Black to Pres. & CEO @ Payments Canada

+ Travis Kalanick, Director @ Uber, resigned

~

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




 MEMORIAM 

+ Bill Preshing; retired professor and administrator (U of A, Banff Centre); 90

+ Brent Ritchie; retired Assistant Dean @ U of C, and noted Calgary tourism advocate; 77

+ Graham Downey; distinguished appraiser, real estate broker, volunteer, friend; 82




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ prediction of HR trends for 2020

+ making diversity and inclusion a priority




 SAVE THE DATE / upcoming events

+ Feb. 12; Canadian Association for the World Petroleum Council, Evening with Jeff Shellebarger, Calgary Hyatt Hotel; info/tickets

+ 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

+ 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. 21; Alberta Real Estate Association, Annual General Meeting, Red Deer

+ 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



 this week in REITS 


+ Automotive Properties REIT closed $92.0 million equity financing

+ CAP REIT closed its $13.4 million purchase of Redwood Manor (48-suites) in New Westminster, BC

+ ERES REIT closed $144.0 million equity financing

+ ERES REIT closed €105.0 million acquisition of 222 suite building in the Netherlands

+ Firm Capital Property Trust closed $23.0 million equity financing

+ First Capital Realty Inc. completed its conversion to a REIT structure

+ Germain Hotels closed $50.0 million equity raise

+ Granite REIT acquired two industrial buildings in Mississippi and three development properties in Dallas for $246.7 million  

+ Inovalis REIT closed $51.5 million equity financing

+ Morguard North American Residential REIT closed its acquisition of remaining 50% of the Marquee in Chicago; will hold as 50/50 JV with Morguard who increased its position from 49% to 51%

+ NorthWest Healthcare Properties REIT closed $253,150,000.0 equity financing

+ PRO REIT closed its $8.5 million acquisition of Burnside Industrial Park building in Halifax; 50,000 sq. ft. fully leased property

+ Rene Tremblay to Trustee @ CAP REIT

+ SmartCentres REIT closed $450.0 million debt financing

+ Subversive Real Estate Acquisition REIT LP is on the market to raise US$200.0 million in equity by IPO

+ True North Commercial REIT closed its $117.8 million acquisition of Trillium Executive Centre in Markham, ON




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 KUDOS 

+ to the honoured recipients; the Governor General made 120 new appointments to the Order of Canada


 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: crude prices are up | First Capital Realty is now a REIT | Gibson terminal expansion | MDA to be Canadian again | ICON park sold | Pembina acquired KML | TC Energy selling stake in Coastal GasLink + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




 sponsors of this week's issue:

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



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



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



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



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



RETAINED EXECUTIVE SEARCH - For more information, click here.



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://markmusing.com




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 December 17 ~ 31 


+ Absorb Software agreed to acquire ePath Learning

+ AltaGas Ltd. announced its 2020CapEx Budget is $900.0 million

+ Boulder Creek Golf Course Ltd. and Silverwing Golf Course Ltd. and related limited partnerships were place in receivership; PricewaterhouseCoopers Inc. is court appointed Receiver

+ Canadian Pacific closed its acquisition of Central Maine & Quebec Railway

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude up to three-month high, cautiously on expectation of U.S. – China trade deal firming, Middle-East tensions and market response to inventory build

+ Encana filed regulatory papers to shift operations to U.S.

+ Essential Energy Services Ltd. announced its 2020CapEx Budget is $5.0 million

+ Gear Energy Ltd. announced its 2020CapEx Budget is $50.0 million

+ Gibson Energy Inc. announced it will expand its Hardisty Terminal; 1.0 million barrels of new tankage will be in service by end of 2020

+ Hungerford Properties sold Icon Business Park; business terms and new owner not disclosed; Equium Group announced they will manage the property for the new owners …

+ Northern Private Capital agreed to acquire/repatriate MDA (MacDonald Detweiler) from Maxar Technologies for $1.0 billion; the maker of the Canadarm will be 100% Canadian again

+ Pembina Pipeline Corporation closed its acquisition of Kinder Morgan Canada Limited

+ Pengrowth Energy Corporation sale to Cona Resources Ltd. got shareholder, debt holder, and court approval

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 8 to 805 this week; Canada: down 50 to 99 this week; full breakdown

+ SNC-Lavalin Group Inc. pled guilty to federal government fraud changes, paid $280.0 million fine

+ Sun Life agreed to acquire 80% interest in Infrared Capital Partners for $1.0 billion

+ TC Energy agreed to sell a 65% stake in new $6.2 billion 670-km. Coastal GasLink pipeline; a JV of KKR and AIMCo – terms not disclosed

+ Tourmaline Oil Corp. announced its 2020CapEx Budget is $925.0 million



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Automotive Properties REIT closed $92.0 million equity financing

+ Bausch Health Companies Inc. is on the market to raise $1.25 billion in sr. debt by private placement

+ ERES REIT closed $144.0 million equity financing

+ E3 Metals Corp. closed $907,000.0 tranche of an equity financing by private placement

+ Firm Capital Property Trust closed $23.0 million equity financing

+ Gateway Casinos is on the market to raise US$1.1 billion in equity by IPO

+ Inovalis REIT closed $51.5 million equity financing

+ mCloud Technologies Corp. is on the market to raise $10.0 million in equity by private placement

+ NorthWest Healthcare Properties REIT closed $253,150,000.0 equity financing

+ Return Energy Inc. closed $25.0 million equity financing by private placement

+ SmartCentres REIT closed $450.0 million debt financing

+ Starlight U.S. Multi-Family (No. 1) Core Plus Fund is on the market to raise US$202.9 million in equity by IPO

+ Subversive Real Estate Acquisition REIT LP is on the market to raise US$200.0 million in equity by IPO

+ WeWork secured US$1.75 billion 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  


+ Cando Rail Services started construction of Cando Sturgeon Terminal in Sturgeon County, Alberta. Phase 1 of the terminal will provide additional rail capacity to Alberta's Industrial Heartland and utilize a loop-track system to enable storage of up to 1900 railcars; completion expected in 2020

+ Competition-Winning Architecture of 2019

+ 12 buildings to anticipate in 2020




 INFRASTRUCTURE / P3  


+ Acciona/Aecon consortium selected by B.C. government as preferred proponent for the $1.4 billion Pattulo Bridge Replacement Project




 CORPORATE RESPONSIBILITY REPORTS 


+ BMO Financial Group published its 2019 Sustainability Report

+ Canadian Pacific published its 2018 corporate sustainability report: Sustainably Driven




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Cadillac Fairview agreed to sell a 50% interest in Quebec’s Carrefour Laval mall to TD Asset Management Inc. et al; deal also provides for a similar deal on west-Toronto’s Sherway Gardens mall

+ Invesque Inc. closed its US$55.0 million acquisition of 196 unit/234 bed sr. living property portfolio from Commonwealth Senior Living

+ Morguard Corporation entered into an agreement to acquire the shares of Temple Hotels Inc. it does not already own

+ Trudel Alliance acquired 7 centers/28 buildings Quebec City assets from First Capital Realty for $165.0 million




 INTERESTING TRENDS IN RETAIL 


+ Cineplex is shopping itself to find a better deal than its $2.2 billion takeover bid from Cineworld Group Inc.

+ Ribtor Warehouse, one of Calgary’s oldest retailers, closing its doors/winding up business




 INTERESTING TRENDS IN OFFICE 


+ WeWork in talks to sell its ‘Managed by Q’ business unit for US$55.0 million; they acquired that unit last year for US$220.0 million




 QUOTES 

+ Not how long, but how well you have lived is the main thing. - Seneca

+ Be happy for this moment. This moment is your life. – Omar Khayyam




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE


© 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