FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Amanda Norton to Director @ Royal Bank of Canada

+ Angelo Bartolini to Pres. & CFO @ Tribe Property Technologies Inc.

+ Bruce Linton to Chairman @ Huxley Health Inc.

+ Juliana Elstad to Director @ Greenbrook TMS

+ Karin Finley to Sr. VP, Resort Development @ Stone Creek Resorts Inc.

+ Rachel Huckle to CEO @ Staples Canada

+ Sean Bovingdon, CFO @ BZAM Ltd., resigned

+ Sean Hewitt to Pres. & CEO @ Vestcor

+ Shannon Joseph to Director @ Tamarack Valley Energy Ltd.

+ Steve Kovacs to Chief Sales Officer @ UFA Co-operative Ltd.

+ Trent Balog, Director @ Taiga Building Products Ltd., stepped down

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 
 HR + WORKPLACE TRENDS + HSE 

+ designing the future – adaptive workplace design

+ how do you measure workplace learning effectiveness?

+ return-to-work strategies vary, some interesting U.S. stats

+ what causes workplace loneliness?




 
 TECHNOLOGY / A I  TRENDS

+ it seems we are in a post password world – or are we? Are you?



 
 SAVE THE DATE / upcoming events

+ Feb. 14-15; Canadian Concrete Expo, The International Centre, Toronto; info/register

+ Mar. 12-13; Petrochem Canada-West, Calgary; save the date

+ Apr. 2-3; Petrochem Canada|West, Westin Airport, Calgary; info/agenda/registration

+ Apr. 16-17; Innovate West, Vancouver Convention Centre; info/book – save the date

+ Apr. 23-25; 2024 Canadian Hydrogen Convention, Edmonton Convention Centre - register

+ May 1; Business Transitions Forum Alberta, Hyatt Regency Calgary; program / register

+ May 3; Little Warriors Be Brave Luncheon – Calgary; sponsorships - tickets

+ May. 8-9; Retail Supply Chain and Logistics Expo, Las Vegas Convention Centre

+ May 14-15, Canada’s Net-Zero Forum 2024, The Transition Accelerator, save the date/register

+ May 31 – June 2; Inventures Conference; Telus Convention Centre, Calgary; info / register

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

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




 
 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ RBC Climate Action Institute published its inaugural Climate Action Report




 
 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 24; Rotary 28th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

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




 
 CLIIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ one in twenty-five small and medium sized business leaders measure carbon emissions




 
 REITs + TRUST NEWS 

+ Allied Properties REIT and partners reallocated their ownership; Telus will own 100% of the commercial component and Allied and Westbank will jointly own the residential component

+ Allied Properties REIT took a $500.0 million portfolio writedown ...

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag




 
 RETAIL REAL ESTATE NEWS 

+ Marble Slab Creamery parent (Fat Brands) to open 40 Marble Slab Creamery franchises in Canada




  INTERESTING MULTI-RES NEWS  

+ Allied Properties REIT and partners reallocated their ownership; Telus will own 100% of the commercial component and Allied and Westbank will jointly own the residential component


 
 Sponsors of this week's issue:



 
link to Premiere used furniture website
 
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BennettJones.com



 
EXECUTIVE SEARCH


Oliver Baezner, Managing Partner
oliver.baezner@altopartners.ca



 
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ROCKY VIEW COUNTY
Business & Economic Development



 
Visit: https://falkbuilt.com/
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E-mail: thom.hinton@falkbuilt.com
~
DIGITAL COMPONENT CONSTRUCTION



 
CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES



 
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.

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 THIS WEEK - NEWS SUMMARY 

 February 7 ~ 13, 2024


+ AIMCo opens offices in New York today

+ Allied Properties REIT and partners reallocated their ownership; Telus will own 100% of the commercial component and Allied and Westbank will jointly own the residential component

+ bUILDERS + bUYERS; property finding/buyer representation by Mark Kolke and colleagues at MaxWell Capital Realty – RESIDENTIAL LAND and NEW HOMES – new listings every week – free Sunday update – sign-up at the bottom of this page; or ‘use this form, give us your ‘if I could wave a magic wand’ wish list, tell us what you are looking for

+ Calgary Economic Development published it’s Calgary in the New Economy

+ Calgary Event Centre Agreements and Financial Contribution details were released

+ Calgary born CFL legend Norman Kwong, and former Lieutenant Governor of Alberta, memorialized in Historica Canada’s Heritage Minute video released today

+ Collision Kings Group Inc. sought CCAA creditor protection; FTI is the monitor

+ Crew Energy Inc. announced its 2024CapExBudget is $165.0 million

+ De Havilland acquired the Calgary assets of Field Aviation; terms not disclosed

+ Diamondback Energy agreed to acquire Endeavor Energy Partners for US$26.0 billion

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$77/bbl, Brent @ US$82/bbl;

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 4 to 623 this week; Canada: steady at 232 this week

+ Toronto-Dominion Bank settled class action lawsuit for $22.0 million relating to investors who purchased securities of the bank on or after December 3, 2015 which they held until March 9, 2017 – claim filing deadline is May 13/24




 
THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bell Canada is on the market to raise US$1.45 billion in debt financing

+ Decisive Dividend Corporation is on the market to raise $107.0 million in equity

+ Dream Summit Industrial LP closed a $250.0 million sr. unsecured debt financing

+ Fission Uranium Corp. closed $75.0 million equity raise

+ IsoEnergy Ltd. closed $23.0 million equity raise by private placement

+ Levio Consulting secured $125.0 million investment

+ OpenHouse.ai closed a $1.5 million financing

+ Promino Nutritional Sciences Inc. closed $2.2 million equity raise

+ Rogers Communications Inc. is on the market to raise US$2.5 billion in sr. unsecured debt

+ STEER Technologies Inc. closed $3.536 million sr. convertible debt financing by private placement

+ TELUS is on the market to raise $1.8 billion in sr. unsecured debt

+ Timbercreek Financial Services secured $510.0 million revolving credit facility

+ TMX Group Limited is on the market to raise $1.1 billion in sr. unsecured debt

+ Uranium Royalty Corp. is on the market to raise US$22.9 million in equity




 
 RISK 

+ Alberta auto insurance cost pressures among the highest in Canada and theft trend report is stunning

+ digital property right? … worth safeguarding




 
  INFRASTRUCTURE + P3 

+ Calgary Event Centre Agreements and Financial Contribution details were released




 
 SHAREHOLDER MEETINGS

+ Feb. 20; Kane Biotech Inc., Special Meeting of Shareholders, Winnipeg

+ Feb. 27; Alberta Beef Producers, Annual General Meeting, Calgary

+ Feb. 29; Pineapple Financial Inc., Annual General Meeting, Toronto

+ Mar. 8; Neighbourly Pharmacy Inc., Special Meeting of Shareholders, Toronto

+ Apr. 3; IBEX Technologies Inc., Annual and Special Meeting of Shareholders, Montreal

+ Apr. 11; Cargojet Inc., Annual General Meeting, Mississauga

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS 

+ Calgary Event Centre Agreements and Financial Contribution details were released

+ groundwork/site prep for Calgary’s new arena has begun




 OFFICE REAL ESTATE NEWS 

+ Allied Properties REIT and partners reallocated their ownership; Telus will own 100% of the commercial component and Allied and Westbank will jointly own the residential component

+ WeWork founder and fired CEO Adam Neumann - was packaged/out by investors who were drinking red ink as they cried over sunk money and plunging valuations; now Neumann is trying again to buy it out of bankruptcy. His new company called Flow is calling-out WeWork for not acting in good faith. Really? Isn’t that rich – the pot calling the kettle a dark colour! More like delusions of grandeur and thinking everyone, landlords in particular, will trust him again.


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this site last updated May 6, 2025