FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP

 FOR SALE -  Eau Claire Estates condo 


 
JUST REDUCED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000 - $440,000; contact Mark Kolke or Jamie Giszas

 


CONVERSATIONS

A recent conversation with Laura Newcombe, Director Property Management, Calgary @ GWLRA

A recent conversation with Going Wild's Brian Keating

A recent conversation with Noreen Music, Managing Director @ Organize My Space

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alana Redding to Associate/Project Engineer @ Read Jones Christoffersen Ltd.

+ Alex Probyn to Global Pres., Property Tax @ Altus Group

+ Alison Pearl to Partner @ MNP

+ Ashley Charron to Director of Admissions @ CDI College

+ Bill Currie to Director @ Business Development Bank of Canada

+ Cory Janssen to Director @ McCoy Global Inc.

+ Derek Elliott to Partner @ Cassels Brock & Blackwell LLP

+ Eileen Foroglou to CFO @ NYX Capital Corp.

+ Gaetan Morin, Pres. & CEO @ Fonds de solidarité FTQ, retiring

+ George Rubin to Chief Commercial Officer @ Loop Energy Inc.

+ Gordon Simpson to Associate/Project Engineer @ Read Jones Christoffersen Ltd.

+ Janie Béïque to Pres. & CEO @ Fonds de solidarité FTQ

+ John Dumonceaux to Major Gifts Officer @ Hull Services

+ John Tourlas to Pres., North America @ Medicom Inc.

+ Julie Payette, Governor General of Canada, stepping down

+ Kareen Stangherlin to Trustee @ CAAT Pension Plan

+ Katherine Eriksen to VP, Bus. Dev., North America @ Energy Resourcing Canada Ltd.

+ Kelly Schmitt to CEO @ Benevity

+ Kourtney Rylands to Partner @ McMillan LLP

+ Ky Kvisle to Partner @ Blake, Cassels & Graydon LLP

+ Lisa Romyn to Project Control Coordinator @ Enbridge

+ Marie-Josée' Lapierre to Sr. VP, General Counsel & Corp. Secretary @ eStruxture Data Centers Inc.

+ Mariyam Gulzar to Integration Project Mgr., Northern Lights Program @ Suncor

+ Melanie Pump to CFO @ Mobio Technologies Inc.

+ Natalia Martin Orozco to Chief Development Officer @ Providence Therapeutics

+ Nathalie Bernier to Director @ RF Capital Group Inc.

+ Pantalis Kyriakakis to Partner @ McCarthy Tétrault LLP

+ Peter Rizakos to General Counsel @ Champignon Brands

+ Phil Khuu to Director, Bus. Dev. @ Buffalo Inspection Services Inc.

+ Piyush Patel to Chief Medical Officer @ Providence Therapeutics

+ Rachel Wexler to CEO @ Valeria Inc.

+ Ravi Deshpande to Chief Bus. Dev. Officer @ Elna Medical

+ Rod Baker, Director, Pres. & CEO @ Great Canadian Gaming, resigned/self-sacked

+ Rudy Shirra to Mgr., Corporate Development @ Sylogist Ltd.

+ Sean Hodgins to CFO @ ABT Capital Markets Inc.

+ Sheri Rempel, CFO @ Mobio Technologies Inc., resigned

+ Steve Morriss to Pres., Asia Pacific and Middle East @ SNC-Lavalin

+ Tim Wilson to CFOR @ RF Capital Group Inc.

+ Tom Redl to Executive Chair @ Chandos Construction Ltd.

+ Trish Macpherson to Partner @ Alignvest Student Housing

~

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 ]




 MEMORIAM 

+ Bill Copithorne; last remaining 2nd generation descendant of pioneer ranchers; 94

+ Cas Hyciek; businessman and early Calgary Flames shareholder; 94

+ Devon Helfrich; two-term Crossfield councillor; 32

+ Jay Lydiatt; I.T. professional, community volunteer, YMCA and scouting leader; 71




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ are ‘work from home’ employees focused?

+ will COVID-19 vaccination by required? …. and how do you enforce that?




 SHAREHOLDER MEETINGS

+ Feb. 8; Interlapse Technologies Corp., Annual General and Extraordinary Meeting, Vancouver

+ Feb. 23; Siyata Mobile Inc., Annual General Meeting, Vancouver

+ Apr. 8; CIBC, Annual Meeting of Shareholders

~

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ please send us your 2021 events

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

~

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




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



 SAVE THE DATE / upcoming events

+ Jan. 26; Calgary Real Estate Board, Annual Forecast 2021 [virtual event], Calgary, info/tickets

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ Feb. 23-24; 20th Annual RealCapital Conference (being held virtually), info/sponsors/speakers

+ Feb, 24 – 26; Dare To Lead workshops; Brene Brown program offered by Jenn Lofgren at Incito; info/register

+ Apr. 13; Western Canada Apartment Investment Conference (being held virtually), info/save the date

+ Apr. 14-15; 28th Vancouver Real Estate Forum, virtual-only; info/save the date

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

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




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID stats | Enerplus buying Bruin | GOA privatizing land titles | TC Energy cancelled KeystoneXL expansion – 1,000 layoffs |  U.S. inauguration + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

Contact Zelos for a free consultation today
~
Visit:  www.zelosglobal.com
~
Video Conference:  Booking Calendar
~
E-mail: kareen@zelosglobal.com

 LEADERS IN PRIVATE WEALTH MANAGEMENT



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

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



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



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



The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Request a consult

Visit: https://www.moodystax.com
~
E-mail: kmoody@moodystax.com
~
OUR SERVICES

TAX LAWYERS

TAX ACCOUNTANTS



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



CLICK HERE to sign up for Housing Truth newsletter 



CLICK HERE to sign up for PROPERTYlines

CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES





 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 INTERESTING  REAL ESTATE NEWS FROM OTHER PLACES ... 


+ in Edmonton, Redstone Group acquired Canadian Bank Place (30-storey/408,983 sq. ft.) for $85.3 million from BentallGreenOak




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Lehigh Cement et al are making low-carbon cement; collaborators are using captured CO2




 QUOTES 

+ Time is more valuable than money. You can get more money, but you cannot get more time. – Jim Rohn

+ Tough times don’t’ last. Tough people do. – Gregory Peck




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com

http://facilitycalgary.com

http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Jan. 19 ~ 26 / 2021 


+ Alberta COVID-19 stats: 1,574 deaths to date, 9,337 active cases of 121,535 confirmed cases to date: aggregate Alberta data – currently, 637 Albertans are in the hospital with COVID-19, and 113 of those are in intensive care units – 3,108,982 tests have been administered to Albertans so far …

+ Alberta COVID-19 vaccinations for most vulnerable in long-term care and staff is completed; Alberta running out of first-dose vaccine

+ Alberta COVID-19 restrictions effective December 8th; with the balance of measures took effect December 13th; it’s masks, stay home, closing or severely limiting or closing many business operations – now extended to January 21st – some service activities (hair cuts etc.) are now relaxed - outdoor social gatherings too as Alberta COVID restrictions are slightly eased

+ ABTraceTogether – get the APP

+ Alberta oil may have a new way to get to tidewater in Texas; now that the KeystoneXL Expansion project is terminated, attention is focusing on an Enbridge venture  – Southern Access pipeline project

+ ATCO Salt Cavern Storage Expansion Project moving through regulatory process

+ Bank of Canada held steady – it’s overnight rate stays at 0.25%

+ Birchcliff Energy Ltd. announced its 2021CapEx Budget is $210.0 million

+ BP cutting its exploration activities, staff, and expected crude production in focus on renewable energy

+ City of Calgary 2021 elections; candidates declared running for mayor: Jeremy Farkas, Jyoti Gondek, Brad Field ~ so far 12 candidates for council ~ and lots of other rumoured candidates exploring a run …

+ CI Financial Corp. agreed to acquired Segall Byrant and Hamill LLC (US$23.0 billion book)

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude holding steady around US$52/bbl

+ Enerplus Corporation agreed to acquire Bruin E&P HoldCo LLC for US$465.0 million

+ Equinor (formerly Statoil) sold its 18.8% stake in Athabasca Oil for $18.0 million

+ Fraggle Rock comes to Calgary; The Jim Henson Company will begin filming in Calgary …

+ Government of Alberta is testing the water; they’ve issued a call for Expressions of Interest to outsource operation of Land Titles, Corporate and Personal Properties Registries – a 35 yr. concession is contemplated: Sale Of A Concession (Select Registries of Alberta) … tic toc

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – - January issue, archived issues

+ Irving Oil laid off 60 staff at its Saint John, NB refinery due to drop in demand

+ January is Alzheimer’s Awareness Month

+ Obsidian Energy Ltd. extended its hostile takeover bid for Bonterra Energy Corp. to Mar. 29/21– the PR battle between Obsidian and Bonterra continues … tic toc

+ office vacancy in Calgary climbing – predicted on trajectory to cross 30% according to Avison Young report on anticipated bumps in vacancy due to mergers and COVID-19

+ Pembina Pipeline Corporation launched open-season bidding for its Cochin Pipeline

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE January issue ;  archived PROPERTYlines Issues

+ Providence Therapeutics is partnering with Norther RNA Inc. to develop expanding COVID-19 vaccine manufacturing in Calgary – one of eight firms getting financial support from the Government of Canada

+ Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp. were place in receivership; BDO is the receiver

+ TC Energy suspended work on KeystoneXL pipeline expansion project; the U.S. Presidential Permit issued under the Trump administration was revoked by Executive Over on President Biden’s first day in office – work stopped, 1,000 job losses imminent

+ Telsec Property Corp. acquired the former Jack Carter car dealership site on Macleod Trail at Glenmore Trail

+ TFI International Inc. agreed to acquire the key freight business of United Parcel Service, UPS Freight, for US$800.0 million

+ time to be counted, or to do the counting: Statistics Canada is staffing up – 32,000 jobs across Canada – link for information/apply

+ rig activity in Canada

+ rig counts (active/working) – US: up 5 to 378 this week; Canada: up 11 to 172 this week; full breakdown

+ U.S. Presidential Transition: Trump exited, Biden was inaugurated,  outlook for Canada/guidance from RSM Canada; inaugural poem by Amanda Gorman was spectacular, Prime Minister Trudeau’s statement

+ West Fraser Timber Co. Ltd. acquisition of Norbord Inc. got shareholder approval

+ WestJet return its 737Max planes to service




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alpha Lithium Corp. is on the market to raise $20.0 million in equity

+ Argonaut Gold Inc. is on the market to raise $23.0 million in equity

+ DIRTT Environmental Solutions Ltd. closed $35.0 million convertible debt financing

+ Dream Industrial REIT ins the market to raise $225.0 million in equity

+ Ekona Power Inc. closed $3.0 million convertible debt financing

+ Enerplus Corporation is on the market to raise $115.0 million in equity

+ Enthusiast Gaming Holdings Inc. is on the market to raise $51.0 million in equity

+ E3 Metals Corp. is on the market to raise $7.0 million in equity by private placement

+ KITS Eyecare Ltd. closed $55.0 million equity financing by IPO

+ mCloud Technologies Corp. closed US$1.515 million third tranche of a convertible debt financing

+ MEG Energy Corp. is on the market to raise US$600.0 million in equity by private placement

+ Mind Cure Health Inc. is on the market to raise $10.0 million in equity

+ NG Energy International Corp. is on the market to raise $8.5 million in equity by private placement

+ Paramount Resources Ltd. secured $1.0 billion revolving credit facility

+ Paramount Resources Ltd. closed $35.0 million sr. unsecured convertible debt financing by private placement

+ Pembina Pipeline Corp. closed $600.0 million debt financing

+ Progressive Planet Solutions Ltd. is on the market to raise $1.4 million in equity

+ Resolute Forest Products Inc. is on the market to raise $300.0 million in sr. unsecured debt

+ Revive Therapeutics Ltd. is on the market to raise $20.0 million in equity

+ Royal Bank of Canada is on the market to raise $1.0 billion in sub. debenture debt

+ Seaspan Corporation is on the market to raise US$200.0 million in sr. unsecured debt

+ SPoT Coffee (Canada) Ltd. is on the market to raise $500.0 million in equity

+ Telus International is on the market to raise US$500.0 million in equity by IPO

+ Theratechnologies Inc. closed US$46.0 million equity financing

+ Tourmaline Oil Corp. closed $250.0 million sr. unsecured debt financing

+ Videotron Ltd. closed $650.0 million sr. debt financing

+ Voyager Digital Ltd. closed US$46.0 million equity financing

+ Wishpond Technologies Ltd. is on the market to raise $7.0 million in equity

~

*editor’s note: names 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 …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ CN logistics hub in Milton, ON is a go

+ shortlist of three for $62.0 million high school project in Duncan, BC




 INFRASTRUCTURE + P3 


+ Government of Alberta is testing the water; they’ve issued a call for Expressions of Interest to outsource the operation of Land Titles, Corporate and Personal Properties Registries – a 35 yr. concession is contemplated: Sale Of A Concession (Select Registries of Alberta) … tic toc

+ University of Lethbridge issued an Expressions of Interest call; 51,429 sq. ft. Community Centre for Wellbeing – for development and commercialization




 INTERESTING TRENDS IN RETAIL ... 


+ Telsec Property Corp. acquired the former Jack Carter car dealership site on Macleod Trail at Glenmore Trail




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ... 


+ TFI International Inc. agreed to acquire the key freight business of United Parcel Service, UPS Freight, for US$800.0 million




 this week in REITs + TRUSTS


+ Dream Industrial REIT agreed to acquire a $465.0 million portfolio of assets in Canada, Europe, and the United States


© 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