FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

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 SOME NEW LISTINGS: 


JUST LISTED: great STARTER HOME - or Investment Opportunity;  ... duplex in Kingsland - $365,000; contact Mark Kolke or Jamie Giszas

CLICK PHOTO FOR VIRTUAL TOUR
CLICK HERE for full details and Virtual Tour on MLS

JUST LISTED: great STARTER HOME - or Investment Opportunity;  ... duplex in Kingsland - $365,000; contact Mark Kolke or Jamie Giszas

CLICK HERE for full details and Virtual Tour on Realtor.ca



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

Mark Kolke and Jamie Giszas - Agents, MaxWell Capital Realty



  FOR SALE - relax and enjoy beautiful Marina Bay at SYLVAN LAKE 


FOR SALE - lakefront home Marina Bay - Sylvan Lake - CLICK PHOTO for VIRTUAL TOUR
CLICK HERE FOR GOOGLE MAP LOCATOR



 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June 8-12, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

 

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 Classified advertising: 

+ CBI Newsletter – click here to sign up for it

“Cat’s Pick is a community based newsletter, that includes career postings; community, industry and networking events.”




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



CONVERSATIONS

A recent conversation with Deb Sands, Pres. @ Priority Leasing Ltd.

A recent conversation with Steve Mesler, Co-founder and CEO @ Classroom Champions

Click here to access the archive (2012-2020) : archived conversations with fascinating Calgarians ...

SHAKERS AND MOVERS 
appointments and disappointments 

+ Andy Taylor to Director @ Gore Mutual Insurance Company

+ Anne Mette de Place Filippini to Chief Investment Officer @ Burgundy Asset Management Ltd.

+ Arun Banskota to CEO @ Algonquin Power & Utilities Crop.

+ Chris Taves to Director @ MediPharm Labs Corp.

+ Christine Dagenais to CEO @ Bright Wire Leadership (formerly Creative Coaching)

+ Dianne Gosselin to Director @ Canadian Cancer Society

+ Dmetri Berko to Campus Director @ Visual College of Art and Design

+ Eric Gharakhanian to Director of Product Development @ Neptune Wellness Solutions Inc.

+ Fatima Dejrah to Marketing Accountant @ Serafina Energy Ltd.

+ Ian Robertson, CEO @ Algonquin Power & Utilities Crop., retired

+ Hilary Pearson to Director @ Canadian Cancer Society

+ Jackie Muller to Client & Bus. Dev. Specialist @ Osler, Hoskin & Harcourt LLP

+ Jacqueline Civitarese to Communications Advisor @ Canadian Pacific Railway

+ Jocelyn Beckett to Branch Mgr., Calgary @ Raymond James Ltd.

+ John Ruffalo to Director @ Engineering.com

+ John Weissenberger to VP, Technical Science and External Innovation @ Alberta Energy Regulator

+ Kathleen Miller to Director @ Tecsys Inc.

+ Kelly Schmitt to Pres. & CFO @ Benevity

+ Ken Petrunik to Chair @ Global First Power Ltd.

+ Lori Suba to Broker/Pres. @ Scout Real Estate Ltd.

+ Luc Papineau to Director @ Emergia Inc.

+ Matt Englehardt to COO @ SHARC International Systems Inc.

+ Mike Watters to VP Bus. Dev. @ Demon Oilfield Services

+ Rebecca MacDonald, Founder and Director @ Just Energy Group Inc., retiring, stepped down

+ Robby Sohi to Pres. & CEO @ Global First Power Ltd.

+ Steven Sharpe to Director @ Crown Capital Partners Inc.

+ Susan McPeak to Director @ Canadian Cancer Society

+ Sylvain Laberge to Director @ Royal Helium Ltd.

+ Tara Deakin to Director @ goeasy Ltd.

+ Vincent Delisle to Head of Liquid Markets @ Caisse de dépôt et placement du Québec 

+ Yolande James to Director @ Canadian Cancer Society

~

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




 MEMORIAM 

+ Doug Morris; co-founder and Director @ Taiga Building Products Ltd.




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ is CERB a disincentive to return to work?




 TECH Corner ... 

+ Tower One Wireless Corp. sold a portfolio of towers in Mexico for US$2.8 million




 SAVE THE DATE / upcoming events

+ Aug. 22; Fresh Start Recovery’s 12 Stop Ride For Recovery Motorcycle Road Rally; save the date

+ Sept. 16-17; Lloydminster Heavy Oil Show, Lloydminster, Agricultural Exhibition Association, Lloydminster; info/register

+ Sept. 22-24; BOMEX 2020, 20th Annual Building Excellence Summit,  JW Marriott Parq, Vancouver; save the date

+ Sept. 29-30; Business Transitions Forum, Westin Edmonton; info/registration

+ Sept. 30; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct. 21; Alberta Real Estate Forum, Edmonton; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

+ Oct. 28; BOMEX 2020 Virtual

+ Oct. 29-30; Business Transitions Forum, Westin Calgary; info/registration

+ Nov. 6; 6th Annual Barney Bentall and Cariboo Express/Peter Burgener Memorial Charity Concert benefit for Classroom Champions; save the date/information

+ Nov. 25-27; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

~

2021

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

+ June 5;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; watch for sign up details

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

+ June 14-16; NeoCon, theMart, Chicago; info

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

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

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 THIS WEEK'S HEADLINES


HEADLINES: Alberta COVID stats | BJ in Chapter 11 | Calfrac re-org | Chevron acquiring Noble | Government of Canada $19 billion re-start | deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

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



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



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



PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services


Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales


Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

- net lease administration

- multi-family residential


Commercial Agent | Property Manager /
  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales

Mark Kolke – Agent/Property Manager

Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell Capital Realty


CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



  South-Calgary 2nd floor Design/Office space FOR LEASE 


 123 Forge Road SE, Calgary 


~ 2nd floor office suite, elevatored

~ Suite #200, 9,268 sq. ft. / full floor

~ options; for multi-tenant:

-          3,315 sq. ft.

-          3,515 sq. ft.

~ surface parking, ~ transit nearby

~close to Glenmore Trail, Fairmont Drive and Chinook Centre

~ market rental rate

~ available September 2020

~ contact Mark Kolke, or call your agent


CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



e-mail Kevin Phone
 
OFFICE MOVERS



 INTERESTING RETAIL TRENDS ...


+ L.L. Bean expanding its stores in Canada in partnership with Jaytex Group; Barrie, Ottawa, and Don Mills

+ J.C. Penny Co. in negotiation with lenders and landlords; conditional deal would have them exit bankruptcy protection … tic toc

+ QuanU will open its first location in Canada; the Chinese furniture retailer will open in Kennedy Commons Plaza in Toronto

+ Walmart Canada announced a $3.5 billion investment plan over five years; will involve store renovations (150 over 3 years), distribution centres (2) and new technology applications




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Desjardins Group agreed to acquire Purplebricks Group plc for $60.5 million

+ Groupe Quint acquired the former Holt Renfrew building Montreal; terms not disclosed




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 11; Alberta Treasury Management Charity Classic – in support of Big Brothers Big Sisters of Calgary and Area, Canmore Golf & Curling Club; info/registration

+ Sept. 17; Ronald McDonald House Alberta Charity Golf Classic, 20th Anniversary; Silvertip Golf Resort, Canmore; info/register

+ Sept. 18; Alberta IoT Getting Back to Business Golf Tournament, Apple Creek, Rockyview Country; info/register/sponsor

+ PLEASE SEND US YOUR 2021 tournament details for posting here!

~

[please send your 2021 charity golf event notices to  kolke@facilitycalgary.com ]




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 - 2020 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 
 July 14 ~ 21 / 2020 


+ Alberta COVID-19 stats – cases spiking: 170 deaths, 1,109 active cases, 9,587 cases to date: aggregate Alberta data – currently, 86  Albertans are in the hospital with COVID-19, and 17 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, allowing many more businesses to re-open and allowing a wider range of public gathering activities started June 12th; state of public health emergency status for Calgary, and for Alberta, now lifted. The maximum size of outdoor gatherings has been raised to 200

+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board

+ BJ Services filed for Chapter 11 bankruptcy protection

+ BP published its Statistical Review of World Energy; fossil fuels still supply 84% of the world’s energy requirements

+ Brandt Group of Companies closed its acquisition of GeoShack/INTEQ

+ Calfrac Well Services Ltd. is planning a restructuring under CBCA regulations after rejecting two unwelcome offers

+ CAP REIT sold its Queen’s Park Village Townhouses (188 units) asset in Calgary for $30.5 million

+ Chevron Corp. agreed to acquire Noble Energy Inc. for US$5.0 billion in an all-shares transaction

+ Creative Coaching rebranded as Bright Wire Leadership

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; OPEC+ group want to relax production cutbacks but consumption-rise uncertainty continues to impact trading ~ meanwhile, WTI is steady around US$40/bbl as demand remains soft

+ Enbridge Inc. being extorted by Michigan regulators over permission to resume full operation of its Line 5 twin lines under the Straits Of Mackinac; the lines have been there, underwater, since 1953 …tic toc

+ Ensign Energy Services Inc. acquired Halliburton’s 40% stake in Trinidad Drilling International for US$33.4 million to now hold 100% of Trinidad

+ Government of Canada has struck a deal with the provinces; will provide $19.0 billion as its contribution to a ‘safe restart’ of COVID impacted economies; GOA is onboard …

+ Just Energy Group Inc. going through a recapitalization transaction; new board appointments pending

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 5 to 253 this week; Canada: up 6 to 32 this week; full breakdown




 SHAREHOLDER MEETINGS

+ July 21; Torstar Corporation, Special Meeting, Toronto

+ July 30; Obsidian Energy Ltd., Annual General Meeting, Calgary

+ Aug. 7; Bridgemarq Real Estate Services Inc., Annual Meeting of Shareholders, (virtual only)

+ Aug. 12; Sylogist Ltd., Special and Annual General Meeting, Calgary

+ Aug. 13; VIA Rail Canada, Annual Public Meeting, (virtual only)

+ Aug. 18; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

+ Aug. 24; Artis REIT, Annual Meeting of Unitholders, (virtual only)

+ Aug. 25; Just Energy Group Inc., Annual and Special Meeting of Shareholders, Toronto

+ Sept.. 9; HMH China Investments Limited, Annual General Meeting, Niagara Falls, NY

+ Sept. 10; Covington Venture Fund Inc., Special Meeting of Shareholders, Toronto

~

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




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Algonquin Power & Utilities Corp. closed $633.0 million equity financing

+ Algonquin Power & Utilities Corp. closed $350.0 million equity financing by private placement

+ Bri-Chem Corp. closed $6.25 million debt financing

+ Cargojet Inc. closed $100.0 million sr. unsecured debt financing

+ Cargojet Inc. secured $600.0 million revolving credit facility

+ CIBC is on the market to raise $1.0 billion in sub debt

+ Cineplex Inc. closed $275.0 million unsecured convertible sub. debt financing

+ Cineplex Inc. closed $41.25 million overallotment of its unsecured convertible sub. debt financing

+ Datable Technology Corporation closed $1.012 million equity financing by private placement

+ Emergia Inc. closed $6.711 million equity financing by private placement

+ Gibson Energy Inc. closed $650.0 million debt financing

+ Great-West LIfeco Inc. closed $250.0 million debt financing

+ Killam Apartment REIT is on the market to raise $50.0 million in equity

+ Last Mile Holdings Ltd. closed $9.0 million equity financing by private placement

+ Neptune Wellness Solutions Inc. closed US$12.65 million equity financing

+ Nextpoint Acquisition Corp. is on the market to raise US$200.0 million in equity by IPO

+ Padlock Partners UK Fund I is on the market to raise $15.0 million in equity

+ Premium Brands Holdings Corporation closed $138.0 million equity financing

+ Premium Brands Holdings Corporation closed $150.0 million convertible unsecured debt financing

+ Premium Brands Holdings Corporation closed $34.5 million equity financing by private placement

+ Storagevault Canada Inc. closed $75.0 million sr. unsecured debt financing

+ Sylogist Ltd. secured $40.0 million 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 or non-arm’s-length transactions …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Canada’s Top 40 Contractors for 2020 – PCL still on top, nearly double 2nd place EllisDon

+ cool and interesting approached to public bathroom design

+ one-piece 3D printed house? Yes indeed, check this out!




 this week in REITS + TRUSTS 


+ CAP REIT sold its Queen’s Park Village Townhouses (188 units) asset in Calgary for $30.5 million

+ Killam Apartment REIT is on the market to raise $50.0 million in equity




 INFRASTRUCTURE + P3 


+ B.C. Ministry of Transportation chose its preferred proponent for the $2.8e billion Broadway subway project; Acciona North America led team will likely start construction later this year

+ GOA announced an upgrade at NAIT; will contribute $8.13 million for mechanical systems upgrade to Building O

+ Innergex Renewable Energy Inc. acquired a portfolio of six operating wind farms (23MW) in Elmore County, Idaho for US$56.8 million from Terna Energy SA

+ SNC-Lavalin chosen as Strategic Delivery Partner to Thames Water, to deliver asset management, project management, and technical services as part of a £9bn capital program; £20m, five-year contract 




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ...

+ Walmart Canada announced a $3.5 billion investment plan over five years; will involve store renovations (150 over 3 years), distribution centres (2) and new technology applications




 QUOTES 

+ The road to success is always under construction. – unknown

+ When I say artist I mean the man who is building things – creating, molding the earth – whether it be the plains of the west, or the iron ore of Pennsylvania. It’s all a big game of construction, some with a brush, some with a shovel, some choose a pen. – Jackson Pollock




 KUDOS 

+ to four former Calgary Stampeders elected to the CFL Hall of Fame; John Hufnagel, Freddie Childress, Henry Burris, and Greg Vavra




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Cenovus Energy Inc. released its 2019 Environmental, Social & Governance Report

+ Hines published their 2019 Sustainability Report

+ Prairiesky Royalty Ltd. published its 2019 Sustainability Report

+ Secure Energy Services Inc. published its 2019 Sustainability Report

+ Suncor Energy Inc. published its 2020 Report on Sustainability


© 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