FACILITYCalgary

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

FACILITYCalgary May 6/25

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Have you got news our readers will want to hear?  Send us your appointment (or disappointment) notices, press releases, and industry news to: kolke@facilitycalgary.com

Would you like to advertise in FACILITYCalgary?  If you are interested in sponsorship/advertising, please contack: kolke@markkolke.com



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alicia Matthews-Kent to VP Pharmacy @ Neighbourly Pharmacy Inc.

+ Andrew Bohlin, CFO @ E Automotive Inc., left the company

+ Bill Rosehart, Dean @ U of C Schulich School of Engineering to Pres. @ Canadian Society of Engineering

+ Bruce Peachy, Pres. @ New Paradigm Engineering Ltd. to Sec.Treas. @ Canadian Society of Senior Engineers

+ Claudio Polito to Pres. @ Appraisal Institute of Canada

+ Dave Oldreive to Exec. VP Downstream @ Suncor

+ David Johnston, ‘special rapporteur’ on foreign interference @ Government of Canada, resigned

+ Dena McMartin, VP Research @ University of Lethbridge, to VP West @ Canadian Society of Senior Engineers

+ Don Coulter to Pres. & CEO @ MCAN Mortgage Corporation

+ Gary MacNicholas, CFO @ Great-West LIfeco, retiring

+ Gráinne Michelle McCabe to Chief Conservation Officer @ Wilder Institute

+ Heather Reisman, Founder, Director and Executive Chair @ Indigo Books & Music Inc., retiring

+ Jean-François Bélisle to Director and CEO @ National Gallery of Canada

+ Jeremy Wilmot to Pres. & CEO @ Interac

+ Jill McAuley to Director @ Paramount Resources Ltd.

+ Jon Nielsen to CFO Designate @ Great-West LIfeco

+ Karen Weaver, Director & Interim Pres. @ MCAN Mortgage Corporation, stepping down

+ Karl Sowa to CEO @ iRestify

+ Ken Putt to Chief Communications Officer @ Canadian Society of Senior Engineers

+ Lorelie Buenaventura to National Director, EDI, People and Culture @ Borden Ladner, Gervais LLP

+ Mark Summers to Associate VP, Agriculture and Environment @ Alberta Innovates

+ Mike Scott to Exec. VP & CFO @ The WestJet Group

+ Racheal Golembuski to CFO @ Long View Systems

+ Robin Silvester to Pres. & CEO @ Vancouver Fraser Port Authority, stepping down

+ Russell Brown, Justice @ Supreme Court of Canada, resigned in midst of impropriety probe

+ Sal Iacono to Interim Pres. & CEO @ Cadillac Fairview

+ Selwyn Crittendon to Canada CEO and Chief Sustainability Officer @ IKEA

+ Yana Watson Kakar to Managing Director and Head of Americas @ Caisse de dépôt et placement du Québec

~ 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 ]




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 13; Distress Centre Calgary, Drive for Distress Charity Golf Tournament, Valley Ridge Golf Course, Calgary – info/register

+ June 15; Alberta IoTee: Women’s Golf Edition, Heritage Pointe, Calgary - register

+ June 21; IFMA Calgary, Lynx Ridge Golf Club, Calgary; golfer registration – learn about the charities we are supporting, add your name and support to our already committed sponsors & book for golf – singles, foursomes, or lunch; info, sponsor spots, golf registration – 4-somes $950, individual golfers $250, lunch only $50

+ July 11; Airdrie Business Club, 7th Annual Charity Golf Tournament, Woodside Golf Course, Airdrie; info/register

+ July 13; Coast Hotels, 21st Annual Shu Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register/charity information

+ July 21; Alberta IoT – 4th Annual Golf Tournament, Lynx Ridge Golf Club, Calgary – register

+ Sept. 11; Rotary Stay In School Charity Golf Classic, Glencoe Golf & Country Club, Calgary; sponsor, register to golf

+ Sept. 21; Calgary’s 65 Roses Ladies Golf Classic in support of Cystic Fibrosis Canada, The Winston Golf Club, Calgary; info/registration

+ Sept. 28; Accessible Housing Annual Fundraising Gala, Silver Springs Golf Cub, Calgary – save the date

+ send us your 2023 tournament information – we are happy to post them here

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




- writer
- emcee
- speaker
- publisher
- facilitator
- interviewer

- sales
- leasing
- consulting
&
- rural land 
- residential
- commercial

 - 40 years in the industry
- Calgary and Edmonton

CONTACT MARK KOLKE 
 KEYNOTE SPEAKER AND WORKSHOP LEADER



My head is full of great ideas; I don't push, I serve. I help client solve real estate problems. Experience teaches a lot, and in my experience focusing on the solution without understanding the problem well first really limited the options which could be the best solution. For example, I helped a client reduce costs, reduce the size of their space substantially, negotiated a new long term lease without  them having to leave a building the love. The didn't have to move, change their address - but we changed some thinking. The office differently than in pre-pandemic times. 
If you have a problem to solve with a lease, with costs, and figuring out the future, we can help.



CONTACT MARK KOLKE 
 AGENT - SALES and LEASING - CONSULTING
Nearly 20 years in the industry - 20 years with MaxWell
20 year award from the Calgary Real Estate Board



 Sponsors of this week's issue:

+ IFMA Calgary Chapter annual golf tournament will be held June 21st @ Lynx Ridge – after a pandemic pause, returns this year, golfer registration – learn about the charities we are supporting, add your name and support to our already committed sponsors & book for golf – singles, foursomes, or lunch; info, sponsor spots, golf registration – 4-somes $950, individual golfers $250, lunch only $50 

Registration via our Events Page - click here




EXECUTIVE SEARCH

 

Oliver Baezner, Managing Partner
oliver.baezner@altopartners.ca

64 OFFICES ACROSS 37 COUNTRIES

 


 
ROCKY VIEW COUNTY
Business & Economic Development



 
BennettJones.com



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



link to Premiere used furniture website
 
OFFICE FURNITURE SALES



 REITs + TRUST NEWS 

+ REITrag covers REITs: March/2023 ~ Issue #1; April/2023 ~ Issue #2 ;

+ May issue of REITrag coming this week; sign-up to subscribe to REITrag at: Monday Morning Minute / REITrag sign-up form – Monday Morning Minute is a weekly/free publication, REITrag is for paid subscribers only $4/month or $52/year

+ Northview Canadian High-Yield Residential Fund announced a complex recapitalization, acquisition of three residential properties for $742.0 million, increased equity participation from Starlight Investments and KingSett Capital – and then conversion to a REIT – Northview Residential REIT with a value of $2.7 billion




 SHAREHOLDER MEETINGS

+ June 13; Peyto Exploration & Development Corp., Annual General Meeting, Calgary

+ June 14; Aeterna Zentaris Inc., Annual General and Special Meeting of Shareholders, Toronto – virtual only

+ June 15; Canadian Pacific Kansas City, Annual Meeting of Shareholders, Calgary – virtual only

+ June 16; Frontenac Mortgage Investment Corporation, Annual and Special Meeting, Toronto – virtual only

+ June 21; Alvopetro Energy Ltd., Annual General and Special Meeting, Calgary – hybrid

+ June 21; BQE Water Inc., Annual General and Special Meeting, Vancouver

+ June 22; Africa Energy Corp., Annual and Special Meeting of Shareholders, Vancouver

+ June 22; Shamaran Petroleum Corp., Annual General and Special Meeting, Vancouver

+ June 27; BlackBerry Limited, Annual General and Special Meeting, Waterloo – virtual only

+ June 29; FG Acquisition Corp., Shareholder Meeting, Toronto - virtual only

+ June 29; KnightHawk Inc., Adjourned Special Meeting, Calgary

+ July 21; Agra Venture Ltd., Annual General & Special Meeting, Vancouver

+ Aug. 2; NXT Energy Solutions Inc., Annual Meeting of Shareholders, Calgary

~ 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 ]




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
. . . . . . . . . . . . . . . . . . . . . . 





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NEWS SUMMARY 

 June 7 ~ 13 / 2023 


+ Alberta election aftermath – official counts were announced June 8, 25 ministers in the new cabinet announced – swearing in video shows their mixed levels of skills singing the national anthem; list of ministers and their portfolios , and deputy ministers

+ Alberta wildfires update: cash payments, emergency needs, accommodation

+ Alberta wildfire dangers are easing – cooler temperatures and rain have helped take some pressure off firefighters; energy companies news releases on wildfire impacts on assets and production: Cenovus, Keyera, NuVista Energy,  TC Energy, Tourmaline,

+ Bank of Canada raised its benchmark rate by ¼ % triggering rate adjustments by banks: BMO, CIBC, Desjardin, Equitable,  Laurentian , National, RBC, Scotiabank, TD

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$67/bbl, Brent @ US$72/bbl – U.S. Department of Energy is rebuilding its stockpiles; bought 3.0 million barrels, plans to buy 3.0 million more; Citi predicting decline in oil price notwithstanding OPEC+ production cuts  …

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; published every Tuesday morning at 6:00 AM (MDT); 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 …

+ IFMA Calgary Chapter annual golf tournament will be held June 21st @ Lynx Ridge – after a pandemic pause, returns this year, golfer registration – learn about the charities we are supporting, add your name and support to our already committed sponsors & book for golf – singles, foursomes, or lunch; info, sponsor spots, golf registration – 4-somes $950, individual golfers $250, lunch only $50

+ Irving Oil began a strategic review; considering a sale – a full or partial sale, of the company

+ MONDAY MORNING MINUTE is now at Substack; get a weekly inspiration message and a selected quote in your in-box weekly; check out the new format; click here to sign up;  click here to this week’s message)

+ Northview Canadian High-Yield Residential Fund announced a complex recapitalization, acquisition of three residential properties for $742.0 million, increased equity participation from Starlight Investments and KingSett Capital – and then conversion to a REIT – Northview Residential REIT with a value of $2.7 billion

+ Ontario Teachers’ Pension Plan to split Cadillac Fairview under a new operating model; also searching a replacement for retiring CEO Jack Sullivan who will head a new global real estate group to be a unit within Teachers’ head office … tik tok

+ reader contributions: always welcome. Please forward comments, news items, and company appointment announcements; if there you have we’ve missed, send it to kolke@facilitycalgary.com

+ REITrag – our new publication covering REITs: March/2023 ~ Issue #1; April/2023 – Issue #2; May/2023 – Issue #3 coming soon; sign-up to subscribe to REITrag at: Monday Morning Minute / REITrag sign-up form – Monday Morning Minute is a weekly/free publication, REITrag is available only for paid subscribers - $5/month or $52/year; monthly newsletter report of REITs, will be of interest and inform investors, asset managers, investors, agents/brokers on this growing and vitally important sector of the real estate industry; sign up get on the mailing list

+ Shawcor Ltd. closed the sale of its pipeline services business; terms not disclosed

+ Shawcor Ltd. has rebranded itself as Mattr

+ Source Rock Royalties closed its $3.30 million SE Saskatchewan acquisition

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: down 1 to 695 this week; Canada: up 39 to 136 this week; full breakdown and international rig counts

+ WestJet Group ratified its new pilot agreement with ALPA

+ 360 Energy Liability Management Ltd. acquired Astute Environmental and Regulatory Inc.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ CAE Inc. is on the market to raise $400.0 million in sr. unsecured debt

+ Generative AI Solutions Corp. closed $5.37 million equity raise by private placement

+ Human in Motion Robotics Inc. closed $10.0 million funding round

+ Killam Apartment REIC published its 2022 ESG Report

+ Odd Burger Corporation is on the market to raise $1.5 million in convertible debt by private placement

+ Three Sixty Solar Ltd. closed $1.02 million initial tranche of a private placement of an equity raise

+ Vizsla Copper Corp. closed $6.0 million equity raise by private placement

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 …




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



 SAVE THE DATE / upcoming events

+ June 12-14; NeoCon 2023 – THE MART, Chicago – keynotes announced

+ 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; early bird registration is open; exhibition features – what, where, when

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

+ 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

+ Nov. 14-15; Oilfield Electrification Technology Conference, Hyatt Houston West, Houston; register, submit abstracts

~~~

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 ]




 INTERESTING TRENDS IN OFFICE REAL ESTATAE ... 

+ the future of wework continues to send mixed messages in the marketplace; Matt Levine’s piece contains a bit about Adam Neumann that describes his us of US$10.0 billion to create a US$400.0 million company; and the marketplace isn’t so sure about that number …




 CONSTRUCTION / DEVELOPMENT + BUILDING SERVICES INNOVATIONS 

+ City of Calgary revamp of Olympic Plaza is set to start




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Cardinal Energy Ltd. released its 2022 ESG Report

+ Colliers published its 2022 Global Impact Report




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this site last updated May 6, 2025