+ 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
+ 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!
+ 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
+ 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
+ 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 …
+ 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
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
