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 

+ Barry Ferguson to COO @ Wealth One Bank of Canada

+ Bernard McDonnell, Board Chair @ First Capital REIT, retired

+ Bernardo Gogna to Chief Infrastructure Officer @ Greater Toronto Airports Authority

+ Bill Lomax to COO @ First Nations Bank of Canada

+ Daniel Fournier, Director @ BTB REIT, resigned

+ Daniel Fournier to Executive Chairman @ Oxford Properties Group

+ David Latour to Exec. VP, Risk Management @ Caisse de dépôt et placement du Québec (CDPQ)

+ Ira Gluskin to Trustee @ First Capital REIT

+ J’Maine Chubb to CEO @ Greater Toronto Airports Authority

+ Joan Eliasek to Pres. @ McKeeson Canada

+ Joe Natale to Director @ Sun Life Financial

+ Khalil Lamrabet to Chief Commercial Officer @ Greater Toronto Airports Authority

+ Lindsay Hatcher to VP, Commercial & Corporate Development @ Petrus Resources

+ Maxime Aucoin to Exec. VP, Depositors and Total Portfolio @ Caisse de dépôt et placement du Québec (CDPQ)

+ Michael Turner, President @ Oxford Properties, transitioning to a new role at OMERS

+ Mike MacSween to Director @ McKay Métis Group 

+ Mike Mirchmair to Director @ Terra Firma Capital Corporations

+ Paul Douglas to Chair, Board of Trustees @ First Capital REIT

+ Raul Sanabria to VP Exploration @ CDN Maverick Capital Corp.

+ Roman Dubczak to Chair @ CIBC Mellon boards

+ Sharilyn Nagina, Partner @ DLA Piper (Canada) LLP, retired

+ Stephanie Setiawan to Pres. & CEO @ Intrinsic Innovations

+ Steve McLennan to Executive Managing Director, Leads Total Fund Management Dept. @ Ontario Teachers’ Pension Plan Board

+ Yonni Fushman to Chief Legal Officer & Exec. VP Sustainability @ Northland Power Inc.

~ 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 ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ 4-day work weeks favoured by half of HR leaders; there already (42%), or considering it (9%)

+ Government of Canada’s return to the office plan hitting some bumps; the unions are pushing back at CRA, resisting a one-size-fits-all approach …




 TECHNOLOGY TRENDS 

+ Galaxy Broadband Communications Inc. will deliver OneWeb low earth orbit (LEO) connectivity for Canada

+ why tech employees see Calgary as a great place to find an opportunity




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CONVERSATIONS

Click here to access the archive (2012-2021) : Mark Kolke's conversations with fascinating Calgarians ...

some recent talks

speaking tips (90 x 1 minute each)

 
CONTACT MARK KOLKE 
 KEYNOTE SPEAKER AND WORKSHOP LEADER



 IFMA - CALGARY CHAPTER NEWS + EVENTS 

Our IFMA Calendar - save these dates for facility tours + networking events coming in 2023:

February  - watch for an announcement

April 27 - ATCO headquarters 
May  - announcement soon
June 26 - IFMA Golf Tournament - details soon

Registration via our Events Page - click here


And - we are building back our Board - contact Mark Kolke for more information about joining the Calgary Chapter's leadership team. We have room to grow, and you can help ...



 INTERESTING TRENDS IN OFFICE REAL ESTATE ... 

+ Google is reassessing its office situation worldwide; closings/surrenders of space in Canada are expected following recent retreats in Edmonton and Toronto after 6% of their global workforce in January implied further layoffs and postponement of its planned ground breaking of new headquarters in San Jose – as their reporting anticipated US$500.0 million expenditures in 1st qtr/2023 to ‘consolidate offices’




  REITs + TRUSTS NEWS 

+ First Capital REIT continues efforts to reassure the market and its unitholders it is on, and staying on, the right path – given boardroom changes, and it’s accelerated AGM due to pressure by dissident unitholders .. tic toc

+ Summit Industrial Income REIT got regulator approval for its takeover by GIC and Dream Industrial REIT




 INTERESTING TRENDS IN RETAIL 

+ Bed Bath & Beyond avoided bankruptcy; it’s emergency funding has kept them alive but they will close many stores; it’s Canadian subsidiary Bed Bath & Beyond Canada granted CCAA creditor protections – appears likely to close all it’s stores in Canada ; Alvarez & Marsal Canada Inc. is the court-appointed monitor




 SHAREHOLDER MEETINGS

+ Mar. 1; Alberta Beef Producers, Annual General Meeting, Red Deer

+ Mar. 8; Prodigy Venture Inc., Special Meeting of Shareholders, Toronto

+ Mar. 8; Servus Credit Union, Annual General Meeting, Edmonton

+ Mar. 18; First Capital REIT, Annual and Special Meeting and Unitholders, Toronto

+ Mar. 28; Slate Office REIT, Annual and Special Meeting of Shareholders, Toronto

+ May 16; First Capital REIT, Annual and Special Meeting of Unitholders, Toronto

+ Apr. 4; The Bank of Nova Scotia, 191st Annual Meeting of Shareholders, Toronto

~ Canadian banks and life insurance companies got approval to do their 2023 annual meetings virtually

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




 Sponsors of this week's issue:

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

EXECUTIVE COACHING



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



link to Premiere used furniture website
 
OFFICE FURNITURE SALES



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EXECUTIVE SEARCH

 
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Oliver Baezner, Managing Partner
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Business & Economic Development



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 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ ACFN & Concord Pacific’s Concord Green Energy - completed Canada’s largest indigenous solar farm

+ Government of Canada calling for applications for Green Building Retrofits; the Greener Neighbourhoods Pilot Program – open until April 5th




 QUOTES 

+ There seemed to be endless obstacles preventing me from living with my eyes open, but as I gradually followed up on clue after clue, it seemed that the root cause of them all was fear. – Marion Milner

+ It doesn’t make sense to continue wanting something if you’re not willing to do what it takes to get it. If you don’t want to live the lifestyle, then release yourself from the desire. To crave the result but not the process, is to guarantee disappointment. – James Clear




CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES



Mark Kolke, DTM, VP Commercial - MaxWell Capital Realty
6204B Burbank Road SE, Calgary, AB T2H 2C2
. . . . . . . . . . . . . . . . . . . . . . 
Consultant - Special Purpose Projects, P3, Education Facilities
Agent - Investment Sales; Office, Industrial & Retail Leasing
A full-service real estate practice:
Commercial - Investment Sales & Leasing | Consulting | 
Agricultural | Residential Sales | Land | Property Management | 
 
Phone/Text: (403)-312-8359 / email: kolke@markkolke.com 
PLANDflex Corporation / Consulting Services
Editor / Publisher - FACILITYCalgary
MaxWell Capital Realty / VP Commercial /Agent/Realtor
. . . . . . . . . . . . . . . . . . . . . . 



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 - 2022 MaxComm Communications. All rights reserved. 




NEWS SUMMARY 
  February 8~ 14 / 2023 


+ Calgary Aggregate Recycling established a new soil recycling facility with support from Emissions Reduction Alberta and the Government of Canada

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$79/bbl, Brent @ US$86/bbl; traders are seeing uncertainty in demand over China’s recovery, U.S. crude inventories drop, and Goldman Sachs downgraded it’s 2023 outlook for Brent… and, for a contradictory view, OPEC predicts demand to exceed pre-pandemic levels this year and will approach 102 million barrels/day

+ FACILITYCalgary, published free every Tuesday morning; focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …

+ Google is reassessing its office situation worldwide; closings/surrenders of space in Canada are expected following recent retreats in Edmonton and Toronto after 6% of their global workforce in January implied further layoffs and postponement of its planned ground breaking of new headquarters in San Jose – as their reporting anticipated US$500.0 million expenditures in 1st qtr/2023 to ‘consolidate offices’

+ Government of Alberta working on a pilot project supported by royalty breaks to incent well cleanups amid mounting opposition, and NDP claims it is connected to the Premier’s leadership campaign promises

+ Government of Canada calling for applications for Green Building Retrofits; the Greener Neighbourhoods Pilot Program – open until April 5th

+ HOUSING TRUTH:

+ job growth in Canada (150,000 new jobs in January) far exceeding predictions by economists

+ Keyera Corp. completed its acquisition of 21% interest in the Keyera Fort Saskatchewan complex from Plains Midstream Canada for $366.5 million to now own 98% of the project

+ MONDAY MORNING MINUTE, ‘100 words from Mark + a quote’, start your week or meeting with a few words to start the conversation – free subscription; click to sign up

+ PROPERTY LINES:

+ reader contributions are always welcome; please forward comments, news items, and company appointment announcements to kolke@facilitycalgary.com

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: up 2 to 761 this week; Canada: up 1 to 250 this week; full breakdown and international rig counts

+ Summit Industrial Income REIT got regulator approval for its takeover by GIC and Dream Industrial REIT

+ TC Energy Corp. hiked its estimate on the Coastal GasLink pipeline again – now pegged at $14.5 billion




THIS WEEK IN FINANCINGS 
- proposed & closed

+ E3 Lithium raised $4.9 million in equity by an exercise of warrants

+ ChitogenX Inc. is on the market to raise $3.0 million in equity by private placement

+ Cogeco Communications Inc. is on the market to raise $300.0 million in sr. secured debt

+ Crown Capital Partners Inc. secured $43.5 million credit facility

+ DRI Healthcare Trust closed US$95.0 million equity raise by private placement

+ Hydro-Québec closed $500.0 million debt raise

+ Jesmond Capital Ltd. is on the market to raise $6.0 million in equity by private placement

+ Jobber raised US$100.0 million in a primary funding round

+ Northstar Clean Technologies Inc. secured $7.088 million non refundable finding raise

+ Odd Burger Corporation closed $1.319 million equity raise by private placement

+ Sagard Senior Lending secured US$315.0 million equity raise

+ Simply Better Brands Corp. is on the market to raise $7.0 million in equity by private placement

+ The Rounds closed $1.6 million funding round

editor’s note: names of companies involved in arm’s length debt and equity 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 …




 SAVE THE DATE / upcoming events

+ Feb. 15-26; BUILDEX Vancouver, Vancouver Convention Centre West; info/register

+ Feb. 23-27 (different global regions each day; Global Property EXPO, virtual only; info/register

+ Mar. 13; 2023 Juno Awards – Rogers Place, Edmonton; tickets

+ Mar. 14-17; MIPIM 2023, Palais des Festivals, Cannes, France; registration is open

+ Mar. 29-30; Petrochem Canada - West, Westin Calgary Airport; info / register

+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date

+ Apr. 12; Business Transitions Forum, TELUS Convention Centre, Calgary; info/register

+ Apr. 17-18; Smart Energy Event, Westin, Nova Scotian, Halifax; agenda / register

+ Apr. 19; Top Glass, Conference and Exhibits; The International Centre, Mississauga; info/register

+ Apr. 22; Calgary Crime Stoppers Ruby Gala, Heritage Park – Gasoline Alley Museum, info/tickets

+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details

+ Apr. 23; Earth Day 2023 – theme is Invest in Our Planet

+ Apr. 25-27; Canadian Hydrogen Convention - , Edmonton Convention Centre; details/register

+ May 2-3; Williston Basin Petroleum Conference, Regina; info / register

+ May 9-11; Canada Ga & LNG Exhibition & Conference, Vancouver Convention Center; info/register

+ May 31-June 1; Inventures Canada Conference, TELUS Convention Centre, Calgary; registration/tickets

+ June 2-4; Writer’s Guild of Alberta Annual Conference: Origins, Fort Calgary – save the date

+ June 6-7; Global Energy Transition 2023, New York, NY; agenda, information/register

+ June 6-8; 10th Operational Excellence in Energy, Chemicals & Resources Summit, Calgary – agenda/ info/register

+ June 7-8; Global Energy Transition 2023. New York; info/register

+ June 12-14; NeoCon 2023 – THE MART, Chicago – call for presentations deadline Jan 31, 2023

+ June 13-15; Global Energy Show, Calgary – save the date

+ June 20-21; PetroChem Canada - East, Progressive Auto Sales Arena, Sarnia; info / register

+ June 21; Technology and Indigenous Development Summit, Metro Toronto Convention Centre; info/register

+ Sept. 13-14; Oil Sands Conference (Shell Place) & Trade Show (Suncor Community Leisure Centre) , Fort McMurray; conference / trade show

+ Sept. 17-21; 24th World Petroleum Congress; Energy Transitions – the path to Net Zero, BMO Centre, Stampede Park / registration

+ Sept. 26-28; BOMEX Edmonton 2023; JW Marriott/Ice District, Edmonton; details/registration

+ Oct. 18-19; BUILDEX Alberta, 20-24; Calgary – save the date

+ Nov. 1-2; Supply Change, Conference & Expo, Westin Airport, Calgary; info / register

+ Nov. 7-8; Canadian Aerospace Summit, Ottawa - save the date

~~~

2024

+ 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 

+ CGI published its 2022 ESG Report




 CONSTRUCTION/DEVELOPMENT NEWS + BUILDING SERVICES INFORMATION 

+ City of Calgary expanding bike lane program (14th and 15th Ave SW) in the Beltline; $4.9 million contribution from Ottawa




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this site last updated May 6, 2025