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FACILITYCalgary June28/22

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ARCHIVED ISSUES

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  - consider self-isolating this summer at SYLVAN LAKE 


FOR SALE - lakefront home Marina Bay - Sylvan Lake - CLICK PHOTO TO REQUEST DETAILS
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  - FOR SALE - contact Mark Kolke for information or to schedule a viewing ! 




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North America's Leading Energy Event

June 8 - 10, 2021, Stampede Park - Calgary, Canada


Upcoming Webinars: 

+ June 24; Zero GHG Production of Oil Sands Reservoirs Using RF Heating

+ June 27; Reduce Costs Now: Realize Immediate Savings Through Sourcing, Contract Compliance, & Efficient Procurement




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CONVERSATIONS

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

A recent conversation with Mogens Smed, Founder and CEO @ Falkbuilt

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alex MacGregor to CEO @ Qube Technologies

+ Anna Lawrence to Principal @ LAM Landscape Architect

+ Anne-Marie Vanier to Director @ Gore Mutual Insurance Company

+ Brad Regier to COO @ Clark Builders

+ Byron Horner to Pres. @ Hold It All Inc.

+ Candace Breton to Director, Admin Services @ Ovintiv

+ Carrie Baker to Pres., North America @ Canada Goose

+ Chris Choquette to VP Western Canada @ Wolseley Canada

+ Christopher Speed to Sr. VP Sales & Marketing @ Willow Biosciences >cin.

+ Colin Fisher, Director @ OV2 Investment 1 Inc., resigned

+ Colin Robertson to Vice Chair @ NFI Group Inc.

+ David Mitchell, Pres. & CEO @ Calgary Council of Voluntary Organizations, resigned

+ Jan Wicherek to Pres. @ Appraisal Institute of Canada

+ Joanne Dorn to Exec. Dir. @ Cerebral Palsy Alberta

+ Johanne Marcotte to VP National Operations @ Ivanhoé Cambridge 

+ JP Gladu toPRes. @ Alaska-Alberta Railway Development Corp.

+ Kara MacKillop to Chief of Staff and EVP People & Cultures @ Canada Goose

+ Karen Ball to Interim Pres. & CEO @ Calgary Council of Voluntary Organizations

+ Kim Barton to International Strategic Account Mgr. @ Weatherford

+ Mark Wiseman to Director & Chair @ AIMCo

+ Michael Lehmann to Pres. @ Aimia Inc.

+ Mitchell Rudin to Chairman & CEO @ Savills North America

+ Paul Cowley to VP Data Insights and Partner Solutions @ Curatio

+ Peter Lauch, CEO @ Rideau Transit Goup, resigned

+ Randy Hackbart to Enterprise Account Exec. @ MOBIA Technology Innovations Inc.

+ Roman Drohomirecki, Exec. VP & COO, Retail Sector @ Ivanhoé Cambridge, position abolished

+ Sebastien Laforge to VP Eastern Canada @ Wolseley Canada

+ Shelley Martin to Director @ MediPharm Labs Corp.

+ Stephen Poloz to Special Advisor @ Osler, Hoskin & Harcourt LLP

+ Steve Walton to Gen. Mgr., First Tower/Prospect Place @ Hines

+ Susan Eaton to Communications Director @ Ayaya Marketing & Communications

+ Tom Spoletini to Director, Investments @ Avenue Living Asset Management

+ Tom Woods to Director @ AIMCo

~

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




 MEMORIAM 

+ Charlie Fischer, CM; energy industry executive, philanthropist; 70

+ Margaret Osbaldeston; retired Citizenship Judge; 88




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ anxiety levels improving – but depression persists

+ assessing returning workers – fit-for-work, or not?

+ Robert Half published ’10 Lessons for Managing Your Staff in the COVID-19 Era – 9 page PDF download




 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. 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

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

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




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ QuadReal Property Group acquired three apartment buildings (Hamilton, Cambridge, and Kingston); 750 units, $300.0 million

+ in Montreal, a retail footwear institution on Greene Avenue – Tony Shoes is closing after 83 years; sad loss to the retail industry – third-generation operator Tony Fargnoli and his wife Cathie, legendary retailers say, “the new normal is not normal”. Sad!

+ in Paris, France, Ivanhoé Cambridge, Bouinvest Real Estate Investors, and Greystar Real Estate Partners teaming up in JV to invest €1bn in student housing and young professionals


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 THIS WEEK'S HEADLINES


HEADLINES: Alberta COVID update | Blackstone busy Trican unit | Cequence in CCAA | Enbridge staff cuts | GREENline is GO | Ovintiv layoffs | Tidewater sells Pioneer Pipeline + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

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



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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 


~ 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


 123 Forge Road SE, Calgary 


CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



e-mail Kevin Phone
 
OFFICE MOVERS



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

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



 INTERESTING RETAIL TRENDS ...


+ Apple is re-closing 11 stores in (Arizona, Florida, North Carolina, South Carolina) that have COVID-19 case spikes

+ DUER to open it’s 3rd retail location in Calgary July 2nd; 2,000 sq. ft. store will be at 1708-4 St. SW (former Lululemon location) – link to website + book an appointment

+ GAP has re-opened more than 1,500 stores so far … but face legal action from Brookfield and Simon Property Group for unpaid rents … tic toc

+ Ivanhoé Cambridge CEO Nathalie Palladicheff announced plans to reduce its stake in malls, reorganized the retail portfolio, and eliminated 57 sr. management positions

+ Neiman Marcus, in Chapter 11, got the approval of US$400.0 million DIP (debtor in possession) financing to carry on business for now …

+ Sobeys new grocery concept launched – online grocery home deliver in GTA; Voilà by Sobeys 




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:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 June 16 ~ 23 / 2020 


+ Alberta COVID-19 stats: 153 deaths, 7,736 cases so far: aggregate Alberta data - currently there are 32  Albertans are in the hospital with COVID-19, 6 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

+ 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

+ Blackstone Industrial Services acquired the assets of Trican Pipeline & Industrial Services Business from Trican Well Service Ltd.

+ Canada’s CERB (Canada Emergency Response Benefit) will be extended until August 29, 2020

+ Canadian Utilities Limited and Quanta Services formed a 50/50 JV: LUMA Energy LLC, were selected by the Puerto Rico Public-Private Partnerships Authority (P3 Authority) to modernize and operate Puerto Rico's electric transmission and distribution system over a term of 15 years

+ Cequence Energy Ltd. secured courted ordered CCAA protection; EY appointed as monitor

+ Cineplex Inc. adopted a shareholder rights plan

+ Co-op refinery (Federated Co-operatives Limited) in Regina reached a tentative deal with its workers

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices uptick this past week, and again yesterday on tighter supply and expectations demand will continue to rise …

+ Enbridge Inc. reducing staff; 800 employees taking voluntary buyouts – 7% of staff company-wide, a measure to avoid layoffs due to the downturn in business

+ Ovintiv (formerly EnCana) announced it is laying off 640 (25%) of its employees across the company – Denver, The Woodlands, and Calgary

+ Prairie Storm Energy Corp. is under new ownership

+ Q’Max Group in receivership – KPMG is the receiver

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 13 to 266 this week; Canada: down 4 to 17 this week; full breakdown

+ Tidewater Midstream and Infrastructure Ltd. agreed to sell the 120 km Pioneer Pipeline for $255.0. million to TC Energy’s NOVA Gas Transmission Ltd.




 SHAREHOLDER MEETINGS

+ June 23; Firm Capital Mortgage Investment Corporation, Annual General Meeting, Toronto, (and virtual)

+ June 23; Pinnacle Renewable Energy Inc., Annual General Meeting, Vancouver

+ June 23; Vertex Resource Group Ltd., Annual and Special Shareholders Meeting, (virtual only)

+ June 24; K-Bro Linen Inc., Annual General Meeting, (virtual only)

+ June 25; Air Canada, Annual Meeting of Shareholders, (virtual only)

+ June 25; Cascades Inc., Annual General Meeting of Shareholders, (virtual only)

+ June 25; Exchange Income Corporation, Annual and Special Meeting of Shareholders, (virtual only)

+ June 25; Melcor REIT, Annual General Meeting, (virtual only)

+ June 25; Melcor Developments Ltd., Annual General Meeting, (virtual only)

+ June 25; NexJ Systems Inc., Annual General Meeting of Shareholders, (virtual only)

+ June 25; PetroShale Inc., Annual Shareholders Meeting, Calgary, (and virtual)

+ June 25; Terra Firma Capital Corporation, Annual Meeting of Shareholders, Toronto, (and virtual)

+ June 25; True North Commercial REIT, Annual Unitholders Meeting, (and virtual)

+ June 26; Winpak Ltd., Annual General Meeting of Shareholders, (virtual only)

+ June 29; Calgary Zoo, Annual General Meeting, (virtual only)

+ June 29; Chorus Aviation Inc., Annual and Special Meeting of Shareholders, Halifax, (and virtual)

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

+ Aug. 11; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

~

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




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Air Canada closed $840.0 million second lien secured debt financing

+ Air Canada closed US$315.0 million Class C Pass-Through Certificates financing

+ Boston Pizza Royalties Income Fund and Boston Pizza International secured $10.0 million in equity financing and $6.25 million new credit facility

+ Canadian Natural Resources Limited is on the market to raise US$1.1 billion in debt

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

+ E-L Financial Corporation is on the market to raise $200.0 million sr. unsecured debt

+ Gibson Energy ULC is on the market to raise $650.0 million in unsecured debt

+ Northview Canadian High Yield Residential Fund is on the market to raise $430.0 million in equity

+ Parkland Corporation is on the market to raise $400.0 million in sr. unsecured debt

~

*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 …




 this week in REITS 


+ SmartStop Self Storage REIT opened it’s 12th location in GTA; 85 units/85,800 sq. ft.




 QUOTES 

+ Those that despise people will never get the best out of others and themselves. – Alexis de Tocqueville

+ People always say that I didn’t give up my seat because I was tired, but that isn’t true. I was not tired physically … No, the only tired I was, was tired of giving in. – Rosa Parks




 KUDOS 

+ to companies supporting COVID-19 relief, to Circle K/Alimentation Couche-Tard Inc., donated five million meals to Canadian food banks; The Co-operators provided $200,000 to small co-ops;

+ to Linda Olsen, named 2020 Honourary Fellow @ St. Mary’s University

+ to winners of The Calgary Awards; Brian Thiessen, Citizen of the Year; Eva Friesen, Grant MacEwan Lifetime Achievement, Colin Jackson, Arts; Bryan de Lottinville, Commerce




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 INFRASTRUCTURE + P3 


+ Canadian Utilities Limited and Quanta Services formed a 50/50 JV: LUMA Energy LLC, were selected by the Puerto Rico Public-Private Partnerships Authority (P3 Authority) to modernize and operate Puerto Rico's electric transmission and distribution system over a term of 15 years

+ Calgary City Council approved going ahead with the $5.5 billion GreenLine LRT project

+ House of Common’s Board of Internal Economy is planning a $733.0 million renovation plan for Parliament Hill visitors centre …

+ Polaris Infrastructure Inc. agreed to acquire 100% of a 10MW run-of-river hydro project in Panama from Navitas Holdings Inc.

+ SNC-Lavalin JV with M. Sullivan & Son awarded Phase 2 of the Calabogie Generating Station Redevelopment by Ontario Power Generation; cost-reimbursable contract valued at over $100 million with work anticipated to start in June 2020 and will take two years




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