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FACILITYCalgary June28/22

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  - consider self-isolating this summer at SYLVAN LAKE 


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  - FOR SALE - contact Mark Kolke for information or to schedule a viewing ! 




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CONVERSATIONS

This week's conversation with Deb Sands, Pres. @ Priority Leasing Ltd.

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 

+ Amee Chande to Director @ Air Canada

+ Annette Hester to Board Member @ Canadian Centre for Energy Information

+ Charles-Antoine St-Jean to Pres. & CEO @ Chartered Professional Accountants of Canada

+ Damian Zapisockty to Director @ eQube Gaming Limited

+ David Hung to Sr. VP, Corporate Services @ Sienna Senior Living Inc.

+ Dezso Horvath, Dean @ Shulich School of Business, retiring

+ Doug Murphy to Survey Project Coordinator @ GeoVerra

+ Jaime McKenna to Advisory Board @ Marlin Spring

+ Jim Weidinger to Pres. @ Smitty’s Canada Inc.

+ Karen Frank to Sr. Managing Director, Equities @ Ontario Teachers’ Pension Plan

+ Karen Hom to CFOR & Sr. VP @ Sienna Senior Living Inc.

+ Kelly Walker to Interim Pres. & CEO @ Uniserve Communications Corporation

+ Kerry Sherman to Bus. Dev. Consultant @ CFR Chemicals Inc.

+ Kim Roberts to Director, Portfolio Mgmt., Underwriting, Real Estate @ ATB Financial

+ Lesia Meadowcroft to Real Estate Portfolio Mgr. @ Connect Hearing Canada

+ Louis-Vincent Gave, Director @ Uniserve Communications Corporation, resigned

+ Michael Scholz, Director, Chairman & CEO @ Uniserve Communications Corporation, resigned

+ Nick Steinsberger to Sr. VP, Drilling and Completions @ Reconnaissance Energy Africa Ltd.

+ Nirmala Naidoo to Member @ Canadian Radio-television and Telecommunications Commission

+ Patrick Lundy to Sr. VP, Manufacturing & Real Estate @ NFP Corp.

+ Peter Skelly, CEO @ Mattamy Homes US, retiring

+ Phyllis Yaffe to Director @ Cineplex Inc.

+ Ricky Manhas, Director @ Cordy Oilfield Services Inc., resigned

+ Ron Josephs to Pres. @ First MEP Design Ltd.

+ Stephen Foster to Interim Exec. VP, Long-Term Care @ Sienna Senior Living Inc.

+ Walter Schultz to Chairman @ Uniserve Communications Corporation

+ Wendy Franks to Exec. VP, Strategy and Investment Mgmt. @ Northland Power Inc.

+ Zein Abdalla to Board Chair @ Mastercard Foundation

~

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




 MEMORIAM 

+ Al Pasini; former Chairman, Pres. & CEO @ UMA Group - 87

+ Joann Lehew; community volunteer, activist, booster - 89

+ William Millichap; Co-Chairman @ Marcus & Millichap - 76




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ HR leaders talk about HR’s new role

+ implications of new U.S. visa rules – find out who is exempt, and who isn’t

+ TechCrunch take on the Trump visa clampdown for tech workers

+ workplace safety during COVID-19; the right to refuse unsafe work




 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

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

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




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Crescent Point Energy Corp. released its 2020 Sustainability Report




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ in Seattle, Amazon is renaming the KeyArena as ‘Climate Change Arena’

+  Lendlease and Canada Pension Plan Investment Board (CPPIB) growing their partnership in the Build-to-Rent sector in the UK; confirmed they will add £85.0 million to help fund 123 new Build-to-Rent homes at Elephant Park in south London




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 THIS WEEK'S HEADLINES


HEADLINES: Alberta Recovery Plan | Alberta COVID stats | DIALOG/HOK arena win | WestJet layoffs + Deb Sands interview  + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

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



 123 Forge Road SE, Calgary 


  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


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.



Visit: Levvel.ca
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E-mail: connect@levvel.ca
~
OUR SERVICES



 INTERESTING RETAIL TRENDS ...


+ Chuck E. Cheese 550 location restaurant chain filed for Chapter 11 bankruptcy protection; the company will take a US$450.0 million charge and all retail activities and employees will move to virtual-only

+ Frank and Oak change (22 stores in Canada) heading into creditor protection; Modasuite Inc., dba Frank and Oak will seek to reorganize and refinance; KPMG is the proposed trustee

+ GNC (General Nutrition Center) filed for Chapter 11 bankruptcy protection; plan to close 800-1,200 of its 7,300 stores; 29 of its Canadian stores will close

+ Microsoft Corp. announced it will close all of its retail stores permanently

+ Nike Inc. announced it intends to open 150-299 Nike live-style stores over the next couple of years

+ Schanks for the memories; sadly, it has been reported that both locations of Schanks Sports Grill in Calgary (Macleod Trail & Crowfoot Crossing) will not-reopen; the landlord of one location negotiating but non-committal … tic toc




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 23 ~ 30 / 2020 


+ Alberta announces recovery plan; Premier Kenney announced $10.0 billion in infrastructure projects with a view to creating 50,000 jobs – no details on projects or initiatives, and corporate tax cuts … and announced a new Small and Medium Enterprise Relaunch Grant of $5,000 per business

+ Alberta COVID-19 stats: 154 deaths, 7,354 cases so far: aggregate Alberta data - currently there are 41 Albertans are in the hospital with COVID-19, and 9 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

+ Alberta Enterprise Corporation receiving $175.0 million to fund venture capital to start-ups

+ 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

+ Chesapeake Energy Corp. entered Chapter 11 Bankruptcy creditor protection during a restructuring

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices cautiously edging upward as production cutbacks and oversupply concerns continue to unsettle the market concerns about the fragility of demand … but UP is good!

+ Dialog and HOK have been selected as the design team for Calgary’s new $550.0 million arena; City of Calgary and Calgary Sports Entertainment Corp. will finance the project; CANA Construction and Mortensen Construction will handle the execution of the project expected to open in May 2024.

+ Free Rein Resources Ltd. completed its JV partnership with Nucor Environmental Solutions Ltd.

+ GOA – long-term Alberta economy reboot plan released

+ GOA – Premier Kenny released the 25 recommendations of the Fair Deal Panel Report [68 page PDF download], calling for wide-ranging reforms for Alberta’s relationship with Ottawa

+ GFL Environmental Inc. agreed to acquire Advanced Disposal Services Inc. for US$835.0 million

+ Investment Alberta is being created by the GOA; it will set up international offices and pitch Alberta to potential investors

+ Lululemon agreed to acquire in-home fitness company Mirror for $500.0 million

+ Michels Canada awarded the contract to build the Alberta portion of the Keystone XL pipeline; construction will begin near Oyen this summer and complete near Hardisty by spring 2022

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 1 to 265 this week; Canada: down 4 to 13 this week; full breakdown

+ Toscana Energy Income Corporation agreed to an Arrangement Agreement with i3Energy plc; i3Energy will acquire all of Toscana – subject to shareholder and court approval

+ WestJet, an Alberta Partnership is reorganizing, contracting out services – will impact 1/3rd of their 10,000 employees with layoffs




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Capital Power Corporation announced it will do a $92.0 million expansion of its Whitla Wind power facility; will add 54MW to total 353 MW by late 2021; Whitlaw is 15 km. south of Bow Island in the County of Forty Mile in southern Alberta




 SHAREHOLDER MEETINGS

+ 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

+ Bed Bath & Beyond Inc. secured US$850.0 million credit facility

+ BlueRush Inc. closed $1.2 million tranche of an unsecured convertible debt financing

+ Canadian Western Bank closed $125.0 million in sub debt financing by private placement

+ Garda World Security Corporation is on the market to raise US$120.0 million in sr. secured debt

+ Hut 8 Mining Corp. closed $8.338 million equity financing

+ Northland Power Inc. secured $465.0 million debt financing

+ Parkland Corporation closed $400.0 million sr. unsecured debt financing

+ Royal Bank of Canada is on the market to raise $1.25 billion in subordinated debt

+ Siyata Mobile Inc. closed $1.33 million unsecured convertible debt financing by private placement

+ StorageVault Canada Inc. is on the market to raise $75.0 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 …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Boyuan Construction Group Inc. announced a ‘going private’ transaction; Mainway Management Limited, controlling shareholder, will own 100%; Mainway is controlled by Shou Cailiang

+ Dialog and HOK have been selected as the design team for Calgary’s new $550.0 million arena; City of Calgary and Calgary Sports Entertainment Corp. will finance the project; CANA Construction and Mortensen Construction will handle the execution of the project expected to open in May 2024.

+ Michels Canada awarded the contract to build the Alberta portion of the Keystone XL pipeline; construction will begin near Oyen this summer and complete near Hardisty by spring 2022

+ PCL Construction Services Inc. began construction 20MW Odom Solar Farm, located near Moultrie, Georgia for Silicon Ranch




 INTERESTING TRENDS IN OFFICE REAL ESTATE ...


+ Groupe Mach acquired 282,644 sq. ft. office building in Saint-Laurent, QC for $33.7 million




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ...


+ Strategic Storage Trust IV Inc., affiliate of SmartStop Self Storage REIT Inc., opened a SmartStop® Self Storage location in East York, Toronto




 this week in REITS + TRUSTS 


+ Dream Industrial REIT acquired four properties; two in Germany, one in the Netherlands, and one in Montreal - $108.0 million in all

+ Strategic Storage Trust IV Inc., affiliate of SmartStop Self Storage REIT Inc., opened a SmartStop® Self Storage location in East York, Toronto




 INFRASTRUCTURE + P3 


+ Alberta announces recovery plan; Premier Kenney announced $10.0 billion in infrastructure projects with a view to creating 50,000 jobs – no details on projects …

+ Capital Power Corporation announced it will do a $92.0 million expansion of its Whitla Wind power facility; will add 54MW to total 353 MW by late 2021; Whitlaw is 15 km. south of Bow Island in the County of Forty Mile in southern Alberta

+ PCL Construction Services Inc. began construction 20MW Odom Solar Farm, located near Moultrie, Georgia for Silicon Ranch




 QUOTES 

+ The brain is a wonderful organ; it starts working the moment you get up in the morning and does not stop until you get into the office. – Robert Frost

+ Procrastination is the bad habit of putting off until the day after tomorrow what should have been done the day before yesterday. – Napoleon Hill




 KUDOS 

+ to Alan Tennant, Pres. & CEO @ Calgary Real Estate Board, awarded 2020 Association Executive Network’s Award of Excellence

+ to Jarome Iginla, former Calgary Flames captain, inducted into the Hockey Hall of Fame




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  


© 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