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FACILITYCalgary May 6/25

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Last week's conversation with Mogens Smed, Founder and CEO @ Falkbuilt

A recent conversation with Brian Milloy, Co-Founder, Pres. & CEO at Levvel

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

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Al Nejad to Project Estimator @ Dawson Wallace Construction Ltd.

+ Aleena Lalani to Director, Asset Management Marketing @ Avenue Living

+ Alex Carloss to Director @ Corus Entertainment Inc.

+ Ashley Nuell to Sr. Mgr., Investor Relations and Stakeholder Communications @ Deloitte

+ Brent Berezowski to Property Mgr. @ 800 Fifth Limited Partnership

+ Brian Rosen to Pres. & CEO @ Colliers Canada

+ Carly Watts to Account Director @ Press + Post

+ Cesare Fazari to Interim CEO @ RYU Apparel Inc.

+ Cheree Stephenson, VP Finance & CFO @ Petrus Resources Ltd, resigned

+ Chris Farmer to CEO @ Clearly Payments

+ Dana Saric to Partner @ Osler, Hoskin & Harcourt LLP

+ David Bowden to CEO @ Colliers Real Estate Strategy & Consulting

+ Derek Sutherland to Chair @ MCAN Mortgage Corporation

+ Don Hrap to Director @ Baytex Energy Corp.

+ Don MacDonald, Director @ Certarus Ltd., retired

+ Gord Wadley to COO @ Dream Office REIT

+ Isles Damberger to Regional HR Mgr. @ Certarus Ltd.

+ Jay Mehr, Pres. @ Shaw Communications Inc., retired

+ Jeff Berube to Bus. Dev. Mgr. @ Westgen Technologies Inc

+ Jennifer Carlson to CEO @ Baby Gourmet

+ Jessica Harland to Managing Dir. @ CMSI Pacific

+ Joshua Switzer to Partner @ Caron & Partners LLP

+ Justin Sherman to Partner @ Osler, Hoskin & Harcourt LLP

+ Kelly Palmer to Marketing & Communications Specialist @ PBA Land & Development

+ Kirk Koenigsbauer to Director @ Thomson Reuters

+ Melanie Hayes-Richards to Judge, Edmonton @ Court of Queen’s Bench of Alberta

+ Mike Flynn to Pres., Canada @ GTB

+ Nathan Whitling to Judge, Edmonton @ Court of Queen’s Bench of Alberta

+ Nigel Sparling to Sr. Project Engineer @ Tetra Tech

+ Patty Miller to Director, Corporate Dev. @ CEGEN Environmental Group

+ Pauline Alimchandani, CFO  @ Dream Unlimited Corp., resigned

+ Pauline Alimchandani to CFO  @ Northland Power Inc.

+ Peggy Garritty to Chancellor @ University of Alberta

+ Richard Baker to CEO @ Hudson’s Bay Co.

+ Rick Neumann to Chief Technology and Product Officer @ Flipp Corp.

+ Rob Geremia, Pres. @ Boardwalk REIT, retiring

+ Rochelle Brown to Director, Retail Leasing, Western Canada @ Choice Properties REIT

+ Sameer Deen to Director @ Corus Entertainment Inc.

+ Shaina Leonard to Judge, Edmonton @ Court of Queen’s Bench of Alberta

+ Simon Bray to Pres. @ REW.ca

+ Sonia Syngal to CEO @ Gap Inc.

+ Stephanie Coyles to Director @ Corus Entertainment Inc.

+ Steve Buytels to VP Finance & CFOR @ Tamarack Valley Energy Ltd.

+ Tara Frederick to Advisor, Human Resources @ Pembina Pipeline Corporation

+ Tom McCaffery to Pres. & CEO @ Supply Chain Canada

+ Tracy Lowery to Project Estimator @ Bluegrass Nursery

+ William Nurnberger to Director, Bus. Dev. & Finance Initiatives @ Ritchie Bros.

+ William Wong, CFO @ Boardwalk REIT, retiring

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Deloitte published its 2020 Canada’s Best Managed Companies

+ does COVID-19 live on surfaces?; and how do you clean it off?

+ employers canceling business trips due to COVID-19

+ getting to equal – Accenture report

+ how COVID-19 has ushered in a new way of working




 TECH Corner ...

+ Rogers Communications is the first to market with 5G smartphone service in Canada; Toronto, Ottawa and Montreal, downtown Vancouver so far – 20 more cities rolling out later this year




 SAVE THE DATE / upcoming events

+ Mar. 13-14; Canada’s 8th National Fair Trade Conference, Hotel Arts, Calgary; info/registration

+ Mar. 26-27; DARE TO LEAD by Incito, Vancouver; info/register

+ Mar 31; The Rise of Women in Tech Leadership, Westin Calgary, Calgary; info/register

+ Apr. 1; Western Canada Apartment Investment Conference, Vancouver Convention Centre West, Vancouver; info/register

+ Apr. 1-3; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

+ Apr. 22; Earth Day (50th Anniversary), celebrated world wide; details

+ Apr. 30; Calgary Women’s Emergency Shelter’s Turning Points Dinner, TELUS Convention Centre, Calgary; info/tickets

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 12-14; Canada Gas and LNG Exhibition and Conference, Vancouver Convention Centre, Vancouver; info/register

+ June 6;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; sign up / register / donate

+ June 8-10; NeoCon, theMart, Chicago; info/register

+ June 9-11; Global Energy Show, Stampede Park, Calgary; info/inquiries/register

+ July 3-12; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ Aug. 22; Fresh Start Recovery’s 12 Stop Ride For Recovery Motorcycle Road Rally; save the date

+ Sept. 22-24; BOMEX 2020, 20th Annual Building Excellence Summit,  JW Marriott Parq, Vancouver; save the date

+ Sept. 30; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

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




 SHAREHOLDER MEETINGS

+ Mar. 12; Transat A.T., Annual Meeting of Shareholders, Montreal

+ Mar. 13; Cryptologic Corp., Annual and Special Meeting of Shareholders, Toronto

+ Mar. 13; Sun Life Financial Inc., Annual Meeting of Shareholders, Toronto

+ Mar. 20; Pattern Energy Group Inc., Special Meeting of Stockholders to Vote on CPPIB Merger, San Francisco

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

+ Mar. 30; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ Mar. 31; Bank of Montreal, Annual Meeting of Shareholders, Toronto

+ Apr. 2; Toronto-Dominion Bank, Annual Shareholder Meeting, Toronto

+ April 7; Bank of Nova Scotia, Annual Meeting of Shareholder, Toronto

+ Apr. 8; Royal Bank of Canada, Annual Meeting of Shareholders, Toronto

+ Apr. 23; Calgary Real Estate Board, Annual General Meeting, Calgary

+ Apr. 29; Cenovus Energy, Annual Meeting of Shareholders, Calgary

+ May 5; Sun Life, Annual Meeting of Common Shareholders, Toronto

+ May 6; European Residential REIT, Annual Unitholders Meeting, Toronto

+ May 7; SNC-Lavalin, Annual General Meeting, Montreal

+ May 12; Keyera Corp., Annual Meeting of Shareholders, Calgary

+ May 12; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

+ May 12; Resolute Forest Products Inc., Annual Meeting of Shareholders, Saguenay

+ May 13; Cardinal Energy Ltd., Annual Meeting of Shareholders, Calgary

+ May 14; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, Calgary

~

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




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 TODAY'S HEADLINES


HEADLINES: Alberta reaction | BOMA guidance | is COVID-19 triggering recession | CRUDE PRICES CRASH | Jack Mintz to lead GOA panel stock markets tanking + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

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

EXECUTIVE COACHING



 
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~
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~
OUR SERVICES



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



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Commercial Agent | Property Manager /  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales



Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell South Star Realty

CONTACT MARK KOLKE 
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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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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+ 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.”


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 KUDOS 

+ to Nadeem Velani, Exec. VP & CFO @ Canadian Pacific – named Canada’s 2020 CFO of the Year



 QUOTES 

+ There is no exercise better for the heart than reaching down and lifting people up. – John Andrew Holmes

+ Strive to be the person you needed when you were younger. – Dr. Laura Miranda




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 15; 2020 Peanut Butter Classic, Elbow Springs GC, Calgary; sponsorship,  info/registration

+ July 9; 18th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ July 15-16; Willow Park Golf and County Club Charity Classic in support of Calgary Reads, Calgary;  info/registration/waiting list

+ Aug. 10; 2020 Legends for Learners Tournament in support of The Education Partnership Foundation, Valley Ridge Golf Course, Calgary; sponsorship - info/register

~

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




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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

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NEWS SUMMARY 
 March 3 ~ 10 / 2020 


+ Alberta’s sky is not falling – but shaken by COVID-19 concerns AND collapsing oil prices; Premier Kenny’s press statement [33 minutes] yesterday outlines the province’s action plans and establishment of a cabinet committee, and OPEC/Russia price war

+ Aon Plc agreed to acquire Willis Towers Watson; US$30.0 billion in an all-stock transaction

+ Bank of Canada reduced rates by ½ of 1%; U.S. Federal Reserve also reduced rates by ½ of 1%

+ Cenovus Energy Inc. announced it reduced its 2020CapEx Budget by 32%

+ Colliers International Group Inc. agreed to acquire Maser Consulting P.A., will operate as Colliers Engineering Services – terms not disclosed

+ COVID-19 virus watch: first 7 cases in Alberta identified – 1,000 Albertans have been tested. The first Canadian death occurred in North Vancouver; World Health Organization facts, Q+A etc.; Italy taking aggressive action to isolate its 60 million citizens from doing anything – told to stay home as their government reacts to contain the virus; so far they have 9,200 cases and 463 fatalities/5% of those infected; Israel quarantining all foreign arrivals for 14 days. American and Canadian responses/preparedness is weak and lagging; Trudeau cabinet committee are saying ‘some provinces’ don’t have enough supplies, ventilators, safety equipment to deal with anticipated demand. CDC’s key facts: 5 things everyone should know and understand about what is known so far about COVID-19

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices tumbled in recent days for two principal reasons – COVID-19 fears roiling markets and failed negotiations between OPEC and Russia to cut back crude production; Russia’s price-war target is the U.S. industry, with Canadian companies as collateral damage. Prices were below US$30/bbl this weekend, recovered above US$33/bbl, a 6% bounce back after the largest drop in decades; but nobody knows where this is going

+ Dr. Jack Mintz to lead an expert panel of advisors to help Premier Kenny and the GOA with advice on ‘what to do now’

+ Energie Saguenay project; likely the $4.0 billion project will not go forward after Berkshire Hathaway pulled out of the venture due to political and first nations concerns …

+ Horizon North Logistics Inc. agreed to combine with Dexterra Integrated Facilities Management to create a supports services company; Horizon 51%, Dexterra 49%

+ International Petroleum Corp. closed its acquisition $ US$27.0 million of a southern Alberta asset portfolio

+ Obisidan Energy Ltd. obtained condition extension of its syndicated credit facility; one of those conditions involves a renegotiation of its head office tenancy with Morguard …

+ Paramount Resources Ltd. announced its 2020CapEx Budget is $350.0 million

+ Parkland Fuel Corporation agreed to acquire ConomMart Super Stores in Montana; terms not disclosed

+ rig activity in Canada

+ rig counts (active/working) – U.S.: up 3 to 793 this week; Canada: down 37 to 203 this week; full breakdown

+ stock markets all over the planet plunged in reaction to COVID-19 risk; oil stocks hit hard but so has everything else; stock markets had circuit-breaker stoppages – but each day seems a little gloomier than the one before; Asian, European and North American markets all taking a kicking

+ Strad Inc. working on going-private transaction plan of arrangement

+ Syncrude Energy declared force majeure after a fire at its oil sands plant at Mildred Lake; incident at hydroprocessing units will reduce production 20% at the 360,000 bbl/day facility

+ unanswered questions: What percentage of people exposed to COVID-19 become infected? What percentage of infected people die?

+ Vancouver Real Estate Forum postponed to Sept. 30th




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Avricore Health Inc. closed a $1.0 million debt financing

+ BridgePoint Financial Services Inc. secured $60.0 million secured sr. credit facility

+ Canadian Pacific Railway Limited is on the market to raise $500.0 million in debt

+ Canadian Pacific Railway Limited is on the market to raise US$500.0 million in debt

+ Firm Capital American Realty Partners Trust is on to raise US$15.0 million in equity

+ GFL Environmental Inc. closed $1.9 billion equity financing by IPO

+ GFL Environmental Inc. closed $1.0 billion equity financing by concurrent financings

+ Headwater Exploration Inc. (formerly Corridor Resources Inc.) closed $50.0 million equity financings by private placement

+ RioCan REIT is on the market to raise $350.0 million by a green bond issue

+ SQI Diagnostics Inc. closed $1.33 million final tranche or an equity financing by private placement

+ Waste Connections Inc. is on the market to raise $50.0 million in sr. debt

+ 407 International Inc. closed $700.0 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 …




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ CIBC released its 2019 Sustainability Report

+ National Bank of Canada published its Corporate Social Responsibility Statement

+ RBS ESG report and Public Accountability Statement

+ TD Bank Group published its 2019 Environmental, Social, and Governance Report




 INFRASTRUCTURE + P3 


+ Government of Canada awarded contract for demolition of the old Champlain Bridge in Montreal; awarded to a JV of Pomerleau Inc. and Delsan-A.I.M Environmental Services Inc.

+ McMaster Innovation Park expanding and developing Life Sciences Innovation Megahub; planned 2.5 million sq. ft. of new development in Hamilton, ON




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ BOMA convened and Emergency Coronovirus Summit – watch the video; read the summary

+ does COVID-19 live on surfaces?; and how do you clean it off?

+ Government of Canada awarded contract for demolition of the old Champlain Bridge in Montreal; awarded to a JV of Pomerleau Inc. and Delsan-A.I.M Environmental Services Inc.

+ Hardwoods Distribution Inc. acquired Diamond Hardwoods




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Imperial Equities Inc. closed $7.36 million acquisition of the Russel Hendrix Building (71,381 sq. ft. on 2.96 acre site)




 INTERESTING TRENDS IN RETAIL 


+ Planet Organic Markets have shut down; 5 of their stores in Calgary




 INTERESTING TRENDS IN OFFICE 


+ Blackstone in talks to acquire and privatize SOHO China, a Hong Kong-listed firm; a major office property developer in China




 this week in REITS 


+ BTB REIT closed the sale of a Montreal industrial building for $9.25 million

+ CAP REIT acquired 112-door property in Brossard, QC for $43.5 million

+ Firm Capital American Realty Partners Trust is on to raise US$15.0 million in equity

+ Gord Wadley to COO @ Dream Office REIT

+ Maplewood International REIT agreed to sell is Netherlands property for €6,75 million

+ RioCan REIT is on the market to raise $350.0 million by a green bond issue

+ Rob Geremia, Pres. @ Boardwalk REIT, retiring

+ Summit Industrial Income REIT is acquiring 282,133 sq. ft. LEED Gold distribution facility in Guelph, ON; $77.7 million, going-in cap rate is 4.5%

+ William Wong, CFO @ Boardwalk REIT, retiring




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this site last updated May 6, 2025