FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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NEW LISTING: 


CLICK HERE FOR VIRTUAL TOUR

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

 


 JUST SOLD: 


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

SOLD - 10 days on the market!



  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 

+ Adam Spector to EVP/Head of Global Distribution @ Franklin Templeton

+ Barbara Zvan to inaugural Pres. & CEO @ University Pension Plan Ontario

+ Boon Sim to Director @ Canada Pension Plan Investment Board

+ Bradley Fedora, Chairman @ Trican Well Service Ltd. stepping down

+ Bradley Fedora to Pres. & CEO @ Trican Well Service Ltd.

+ Brian White to Sr. VP Global Sales @ Herschel Supply Company

+ Chris Young to General Mgr. @ Partner Staffing

+ Christie Gradin to Interim CFO @ Karnalyte Resources Inc.

+ Dale Dusterhoft, Pres., CEO & Director @ Trican Well Service Ltd., stepping down

+ David Elliot to Interim CFO @ Pason Systems Inc.

+ David Linke to Global Head of Tax and Legal practice @ KPMG International

+ David Wong to Chief Product Officer @ Thomson Reuters

+ Gen. Jonathan Vance, Chief of Defence Staff @ Canadian Armed Forces, retiring

+ Gordon Murray to Pres. @ Alberta Association of Architects

+ James Hill, Chair @ Pason Systems Inc., retiring

+ Jennifer Booth to Mgr., Communications & Stakeholder Engagement @ Big Brothers Big Sisters of Calgary & Area

+ Jon Farber to Pres. & CEO @ Pason Systems Inc.

+ Karen Fellowes to Sr. Counsel, Advisory Group @ Stikeman Elliott

+ Kathy Chi Thurber to Pres. @ Saje Natural Wellness

+ Kirsty Roth to Chief Operations and Technology Officer @ Thomson Reuters

+ Louise Mooney to Director, UK Board @ Operation Eyesight Universal

+ Mac Logan to Sr. Project Mgr., Transportation Planning & Advisory Services @ WSP in Canada

+ Marcel Kessler, Pres. & CEO @ Pason Systems Inc., retiring

+ Marcel Kessler to Chair @ Pason Systems Inc.

+ Matt von Teichman, Pres. & CEO @ Greenspace Brands Inc., resigned

+ Michael Witynski to CEO @ Dollar Tree

+ Nadia Theodore, Sr. VP, Industry & Government Relations @ Maple Leaf Foods Inc.

+ Paul Henderson to Interim CEO @ Greenspace Brands Inc.

+ Sophia Langlois to Director @ Alaris Royalty Corp.

+ Todd Staudinger to Construction Safety Officer @ Peace River Hydro Partners

~

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




 MEMORIAM 

+ J.C. Sparkman, Director @ Shaw Communications Inc., 87

+ Paul Polson; architect, community leader, friend, Sr. VP Bus. Dev. @ Stuart Olson Construction, 67




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ building team resilience

+ managing by remote control

+ What does the new normal look like?




 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 ]




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ TransAlta Corporation announced it’s intention, as of July 31, 2020, to retire its Sundance 3 Coal-fired unit


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 THIS WEEK'S HEADLINES


HEADLINES: Alberta COVID stats | ATCO hydrogen plant | Kelt sale to ConocoPhillips | Swimco seeks creditor protection | TransAlta shutting down Sundance + deals + rig counts + upcoming events, appointments + REIT NEWS + financings + quotes + kudos




 sponsors of this week's issue:

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



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

EXECUTIVE COACHING



 INTERESTING RETAIL TRENDS ...


+ Ascena Retail Group Inc. filed for Chapter 11 bankruptcy protection; closing all its brands in Canada, Puerto Rico, and Mexico; in the U.S. shutting Catherines stores completely, downsizing its number of stores in Justice, Ann Taylor, Loft, Lane Bryant, and Lou & Grey locations in an effort to reduce debt by US$1.0 billion’ reducing from 2,800 stores to 1,200 …

+ Simon Property Group and Authentic Brands formed Sparc LLC; they are bidding US$305.0 million to acquire Brooks Brothers and keep 125 of its stores operating

+ Swimco, Calgary based manufacturer and retailer, insolvent and seeking to restructure/downsize and reduce staff under court supervised creditor protection




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Caesars Entertainment Corp. and Eldorado Resorts Inc. completed a merger and REIT spinoff (VICI Properties) worth US$17.0 billion

+ CBL Properties (100 U.S. malls) reported on the verge of a Chapter 11 filing




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 21 ~ 28 / 2020 


+ Alberta COVID-19 stats – cases still spiking – the curve is no longer flat: 186 deaths, 1,430 active cases of 8,774 cases to date: aggregate Alberta data – currently, 88 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

+ a NEW publication coming soon; I will start publishing PROPERTY LINES, a monthly newsletter focused on investment real estate, property management, foreclosures and insolvency in Alberta, and including trend indicators from national and international sources

+ ATCO Ltd. will build Alberta’s first hydrogen blending project with $2.8 million funding from Emission Reductions Alberta Natural Gas Challenge; the facility will be at Fort Saskatchewan

+ CCSI Group of Companies – Carbon Credit Solution Inc., Cap-Op Energy, TriCore Carbon Solutions, Climate Smart Group, and Carbon Solutions Group – announced they have consolidated and rebranded as Radicle

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices continue their uptick – WTI above US$41, Brent above US$43 – U.S.-China tensions and demand are driving prices notwithstanding COVID case spikes …

+ Glenbow Museum restructuring; reduced staff by 27

+ Karnalyte Resources Inc. engaged a strategic advisor

+ Kelt Exploration Ltd. agreed to self its B.C. Montney assets to ConocoPhillips for $510.0 million

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 2 to 251 this week; Canada: up 10 to 42 this week; full breakdown

+ Schlumberger Ltd. reducing staff, taking a US$2.7 write-down of restructuring costs

+ Zeg Oil and Gas Ltd. acquired control of Oryx Petroleum Corporation Limited




 SHAREHOLDER MEETINGS

+ 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

+ Aug. 31; Alaris Royalty Corp., Special Meeting of Shareholders, Calgary

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

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

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

~

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




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Argonaut Gold Inc. closed $126.5 million equity financing

+ Brookfield Asset Management is on the market to raise US$500.0 million for its India REIT by IPO

+ Cargojet Inc. closed $15.0 million overallotment of its recent sr. unsecured debt financing

+ Clutch closed $7.0 million equity financing

+ Converge Technology Solutions Corp. is on the market to raise $17.5 million in equity

+ EarthRenew Inc. closed $2.093 million first-tranche of an equity financing by private placement

+ Hillcrest Petroleum Ltd. is on the market to raise $1.0 million in equity by private placement

+ IsoEnergy Ltd. closed US$6.0 million unsecured convertible debt financing

+ IsoEnergy Ltd. closed $4.0 million in equity by private placement

+ Killam Apartment REIT is on the market to raise $60.0 million in equity

+ Milestone Pharmaceuticals Inc. is on the market to raise $25.0 million in equity by private placement

+ Profound Medical Inc. closed US$46.0 million equity financing

+ QuadReal Property Group closed $350.0 million green bond sr. debt financing

+ Royal Bank of Canada is on the market to raise $1.75 billion in debt

+ Sangoma Technologies Corporation is on the market to raise $70.0 million in equity

+ Swimco, Calgary based manufacturer and retailer, insolvent and seeking to restructure/downsize and reduce staff under court-supervised creditor protection

+ Talisker Resources Ltd. is on the market to raise $23.0 million in equity by private placement

+ Vistion Critical secured US$20.0 million debt financing

+ Westport Fuel Systems Inc. secured US$10.0 million credit facility

+ Westport Fuel Systems Inc. secured €15.0 million debt financing

~

*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  


+ task force calling for $50.0 billion in green infrastructure spending

+ outside-the-box modular classrooms for learning during COVID-19 pandemic




 this week in REITS + TRUSTS 


+ Brookfield Asset Management is on the market to raise US$500.0 million for its India REIT by IPO

+ Killam Apartment REIT is on the market to raise $60.0 million in equity




 INFRASTRUCTURE + P3 


+ TransAlta Corporation announced it’s intention, as of July 31, 2020, to retire its Sundance 3 Coal-fired unit




 QUOTES 

+ The best investment on Earth is earth. – Louis Glickman

+ Don’t wait to buy real estate, buy real estate and wait. – Will Rogers




 KUDOS 

+ to organizers of Calgary’s newest festival – Chinook Blast – a proposed winter event coming in January 2021 …




 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. 15; 20th Annual Oil Sands Charity Classic, Miskanaw Golf Course, Fort McMurray; info/register

+ 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 ]




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025