FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP

 CHECK OUR OUR MEDIA PARTNERS ~ 



CONVERSATIONS

A recent 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 ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alain Bellemare, CEO @ Bombardier Inc., sacked

+ Brad Wall to Director @ AltaLink L.P.

+ Carl Smith to CFO @ Converge Technologies Solutions Corp.

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

+ Cheree Stephenson to VP Finance & CFO @ Topaz Energy Corp.

+ Chris Riddoch to Sales Executive @ Ivrnet Inc.

+ Craig Meadus to Sales Mgr. Construction Services @ Mainland Construction Materials ULC

+ Dan Reuter, Director @ Bonterra Energy Corp., resigned

+ David Ariaratam to Sr. Real Estate Rep. (Canada) @ Chick-fil-A

+ Eric Martel to CEO @ Bombardier Inc.

+ Eskander Maleki, Director @ Renaissance Oil Corp., resigned

+ Gordon Johnson to Vice-Chair @ British Columbia Securities Commission

+ Greg Hicks to CEO @ Canadian Tire Corporation

+ Jeff Wendling to Pres. & CEO @ Healthcare of Ontario Pension Plan (HOOPP)

+ Jim Keohane, Pres. & CEO @ Healthcare of Ontario Pension Plan (HOOPP), retiring

+ Jim Payne to Director @ Saturn Oil & Gas Inc.

+ Jeff Meunier to VP New Ventures @ Parex Resources Inc.

+ Jim Wilson, Pres. & CEO @ Sylogist Ltd., retiring

+ Kevin Myson to Partner, Corporate Commercial @ Bennett Jones

+ Lou Fabiano, CFO @ Veritas Asset Management Inc., resigned

+ Marty Staples to Pres. & CEO @ Topaz Energy Corp.

+ Mary Chronopoulos to VP & CFOR @Énergir Inc.

+ Meagan Murdoch to Director, Capital Markets Team @ National Public Relations

+ Paul Beitel, Director @ Painted Pony Energy Ltd., resigned

+ Peter Nygard, Founder, and Chairman @ Nygard Group, stepped down

+ Sonia Syngal to CEO @ Gap Inc.

+ Stephen Wetmore, Pres. & CEO @ Canadian Tire Corporation, retiring

~

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




 MEMORIAM 

+ Ken King; former publisher of Calgary Herald, and Calgary Sun, former Pres. & CEO of Calgary Flames, 68




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ COVID-19 knowledge portal for HR professionals

+ May 14; Reins of Responsibility, Shriners Fez Dome, Calgary; info/registration

+ tips to manage coronavirus anxiety

+ what a difference a week makes – working from home




 TECH Corner ...

+ IBM advances Watson’s capacity to understand the language of business

+ Microsoft Teams goes down just when everyone needs it!

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

+ Mar. 28; Earth Hour 2020 – 8:30 – 9:30 everywhere

+ Mar. 28; OpenStreetsYYS – St. Patrick’s Island, 7:00-9:30PM; info

+ 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

+ May 14; Reins of Responsibility, Shriners Fez Dome, Calgary; info/registration

+ 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. 21; Alberta Real Estate Forum, Edmonton; 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. 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. 25; Imagination Park Technologies Inc., Annual General Meeting, Toronto

+ Mar. 28; Desjardins Group, Annual General Meetings – Montreal/virtual

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

+ Mar. 30; Government of Canada, Budget Speech, House of Commons, Ottawa

+ 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; Parex Resources Inc., Annual General and Special 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 ]




 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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 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 ]




 TODAY'S HEADLINES


HEADLINES: war on COVID-19/Pandemic panic/worry | Alberta measures | Canada’s borders closed | crude dipped below US$30/bbl  | lots of CapEx budget cuts | TC Energy/NOVA buying Pioneer Pipeline + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes




 sponsors of this week's issue:

 
RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Kevin Phone
 
OFFICE MOVERS



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



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



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



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



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



THERE HAS NEVER BEEN A BETTER TIME TO NEGOTIATE AN OFFICE LEASE IN CALGARY in the last 20 years, and I doubt we'll see better terms in the next 10 years than we can negotiate now; let's discuss your needs now; please call me at your convenience - Mark Kolke, 403-444-6939 - or send me an email: kolke@markkolke.com to discuss how we can deliver a solid impact on your bottom line. Saving money by reducing costs is sound thinking in any market climate - sometimes a move is in order, sometimes a renegotiation is best.

Mark Kolke, Agent, MaxWell South Star Realty

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 
OFFICE AND INDUSTRIAL LEASING



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



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

EXECUTIVE COACHING



 INTERESTING TRENDS IN RETAIL 


+ Amazon announced it will hire 100,000 more warehouse and delivery workers in the U.S. in response to surge in online shopping triggered by the COVID-10 virus

+ Apple temporarily closing all stores outside China (stores in China already closed) for two weeks due to the COVID-19 virus

+ Cineplex announced closure of its theatres March 16 – April 2nd; re-openings to be assessed then

+ Cineworld’s $2.8 billion takeover of Cineplex closing delayed due to COVID-19 concerns

+ ICSC postponed this year’s Recon convention event in Las Vegas scheduled for May 17-19; no new dates announced yet

+ Lululemon closing all stores until further notice

+ Neiman Marcus closing its outlet stores to focus on core business

+ Nordstrom is closing its stores in Canada and the U.S. for two weeks; 116 full-line stores, 248 Nordstrom Rack stores

+ Nike Inc. closed all their stores Mar. 16-27 to limit spread COVID-19 virus

+ North West Company selling 34 of its 46 Giant Tiger stores in Western Canada to the Giant Tiger Stores Ltd., the parent company; 6 stores will be closed (Red Deer, Fort Saskatchewan, Wetaskiwin, North Battleford, and Weyburn)

+ Nygard Group going into creditor protection; Farber is the proposed trustee

+ Orangetheory Fitness closing all locations across Canada until further notice

+ Recipe Unlimited Corp. closing most of its stores Mar. 18 due to COVID-19; some brands will stay open for take-out, drive-through, and delivery service

+ Shaw Communications closing its Freedom Mobile and Shaw retail stores for two weeks in response to COVID-19 risk

+ Starbucks going ‘to-go and drive-through’ only; some stores will close - in response to COVID-19 virus risk

+ Tim Horton’s limiting services to take-out, drive-through and delivery only




 QUOTES 

+ The best inheritance a parent can give to his children is a few minutes of his time each day. – O.A. Battista

+ I bring you the gift of these four words: I believe in you. – Blaise Pascal




 this week in REITS 


+ BSR REIT acquires Ariza Plum Creek apartments (349 doors) in Kyle, Tex. for $55.0 million

+ Firm Capital American Realty Partners Trust closed US$4.147 million equity financing

+ PRO REIT closed its $8.36 million acquisition of 134,494 sq. ft. industrial property in Moncton, NB

+ RioCan REIT closed $350.0 million ‘green bond’ debt financing

+ Slate Retail REIT agreed to acquire a portfolio of seven U.S. grocery-anchored properties for US$106.5 million




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

↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 March 10 ~ 17 / 2020 


+ Alberta COVID-19 cases are, so far, all related to travel; the underpinning policy of GOA is to ‘don’t go out when sick’ and to self-isolate; schools are staying open, for now. An online self-assessment tool has been widely used by Albertans who are concerned their ill-health might by COVID-19; the tool is being modified to allow those who self-assess as potentially infected to book appointments – so stay tuned for news on that issue

+ Alberta’s sky is not falling – Premier Kenny is handling the politics, Dr. Deena Hinshaw, Alberta’s Chief Medical Officer, is handling the science and medical issues most ably; all K-12 classes canceled until further notice; health department budget boosted by $500.0 million  …

+ Alberta-wide ban on gatherings/meetings of more than 250 people; many churches, colleges, and business organization postponing or canceling events …

+ ARC Resources Ltd. announced it reduces its 2016CapEx Budget to $300.0 million

+ Bank of Canada; dropped overnight rate by 50 basis points to now be at 3/4 of 1%; chartered banks and other lenders have reduced their prime rates in tandem

+ Birchcliff Energy Ltd. reduced its 2020CapEx Budget to $275.0 million

+ Calgarians are self-isolating, working from home, and understandably frightened – vacationers are vacillating on taking trips, people who are away are wrestling with getting home, and worrying if they will have to self-isolate for two weeks when they get back; answer, yes. Meanwhile, store shelves are being stripped daily and merchants are doing yeoman service to re-stock as people stalk up on food, cleaning supplies, and paper products. The City of Calgary has declared a state of local emergency; libraries, YMCA, pools, recreation centres, and arenas are all closed

+ Canada locked down: borders and air travel closed to all non-Canadian entrants; Canadians who are out of the country are allowed to return subject to screening, isolation, and/or quarantining if required; exemption for U.S. citizens, for now … tic toc

+ Canada in crisis mode: Trudeau government promising economic aid package to help businesses, and assistance to individuals who can’t pay rent, buy groceries, etc.; stimulus package of $10.0 billion coming … thin on details; click here for Canadian government news and announcements on COVID-19

+ Prime Minister announced new actions March 16 to combat the virus

+ Canadians returning to Canada must come through one of only four airports: Toronto, Montreal, Vancouver, and Calgary; Edmonton no longer accepting international flights – however, these tighter restrictions have exemptions, for now at least, for flights from the U.S., Mexico, the Caribbean, Saint Pierre, and Miquelon …

+ CDC guidance; the Center for Disease Control has a great piece on What To Do If You Are Sick and Steps to prevent the spread of COVID-19

+ Chesapeake Energy Corp. engaged restructuring advisors

+ City of Calgary invoked its Municipal Emergency Plan to deal with COVID-19 issues; Fired Chief Tom Sampson is in charge of the Calgary Emergency Management Agency (CEMA); Health Link 811 is Alberta Health Services

+ Cordy Oilfield Services Inc. agreed to acquire Platinum North Resources and Heart River Holdings (2011) Ltd. for $4.25 million

+ countries on full or partial border closures and lockdowns: Canada, China, France, Italy, Spain,

+ COVID-19 virus watch: case growth graphic from December till now – updated daily - consider Dr. Richard Hatchett, CEO of Coalition for Epidemic Preparedness in the U.S. – March 6th British TV interview offers a great perspective on the global situation, and early advocate of emphasizes social-distancing, and our responsibility to others – even though we feel healthy ourselves, we risk the health of others; the World Health Organization updater seems to always have the most current figures and un-fussed graphs.

+ Crescent Point Energy Corp. announced its revised 2020CapEx Budget is $700.0 million

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com;

+ Enerplus Corporation reduced its 2020CapEx Budget to $325.0 million

+ Gear Energy Ltd. announced its revised 2020CapEx Budget is $20.0 million

+ Gran Tierra Energy Inc. announced its reduced 2020CapEx Budget is $60.0 million

+ Husky Energy cut its 2020CapEx Budget by $1.0 billion to $2.3 billion

+ Jefferson Capital Systems LLC acquired Canaccede Financial Group; terms not disclosed

+ MEG Energy Corp. announced its 2020CapEx Budget is reduced 20% to $200.0 million

+ Obsidian Energy Ltd. completed its noteholder amendments and an amendment to its lease terms with its landlord

+ Ovintiv Inc. announced its 2020CapEx Budget is reduced by $300.0 million

+ Painted Pony Energy Ltd. announced its first-half 2020CapEx Budget is $25.0 million

+ Pipestone Energy Corp. announced its 2020CapEx Budget is reduced by 60%

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 1 to 792 this week; Canada: down 28 to 175 this week; full breakdown

+ Seven Generations Energy reduced its 2020CapEx Budget by 18% to $900.0 million

+ stock markets all over the planet have been routed; no end in sight as government stimulus package promises and reduced interest rates failed to stabilize market confidence

+ TransAlta Corporation and Tidewater Midstream & Infrastructure Ltd. agreed to sell their Pioneer Pipeline to TC Energy sub. NOVA Gas Transmission Ltd. for $255.0 million

+ TransGlobe Energy Corporation revised its 2020CapEx Budget to $7.1 million

+ U.S. Federal Reserve cut its benchmark rate to 0.0% (zero percent) ~ the rate it charges banks, an effort to stimulate lending and to support the economy due to COVID-19 pandemic; also instituting a US$700.0 billion quantitative-easing bond buying initiative

+ USMCA (the NEW NAFTA treaty) agreement ratified by the Canadian government – pending Royal Assent

+ Vermilion Energy Inc. reduced its 2020CapEx Budget to $350.0 million

+ Wesbell Technologies Inc. acquired Vista Telecom Networks Inc.; terms not disclosed




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Demand Power Group Inc. closed US$71.0 million equity financing

+ Firm Capital American Realty Partners Trust closed US$4.147 million equity financing

+ Helix BioPharma Corp. closed $6.0 million equity financing by private placement

+ Kneat.com Inc. closed $12.651 million equity financing by private placement

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

+ OncoQuest Inc. closed US$50.0 million equity financing by private placement

+ Ridgewood Canadian Investment Grade Bond Fund is on the market to raise $11.9 million in equity

+ RioCan REIT closed $350.0 million ‘green bond’ debt financing

+ Torque Esports Corp., is on the market to raise $4.0 million in equity by private placement

+ WELL Health Technologies Corp. closed 2nd tranche, $10.0 million in convertible debt by private placement

~

*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 …




 INFRASTRUCTURE + P3 


+ Boralex Inc. four projects (180MW) were successful in a New York state RFP process

+ Caisse de dépôt et placement du Québec agreed to acquire Plenary Americas (36 projects); terms not disclosed

+ CPPIB completed its transaction to acquire 100% of the shares of Pattern Energy Group Inc. (28 projects, 4.4GW)




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ IREM published a Pandemic Guide for Real Estate Managers

+ teams shortlisted for next stage of Toronto’s Union Station expansion

+ very cool new offices at Montreal Olympic Stadium




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Amazon is growing its presence in New York City; they are buying the landmark Lord & Taylor building for US$1.15 billion; WeWork had bought the property from HBC, parent of Lord & Taylor. Amazon will use the 11-story/660,000 sq. ft. building as its New York HQ, and house several thousand employees there

+ Russia is finally releasing information on their circumstances, but the numbers of infected (their disclosed country total of COVID-19 infected persons upped from 34 to 50 yesterday) and announced plans for a 500-bed temporary hospital don’t square with logic; they are building a 430,000 sq. m. (that’s 4.6 million sq. ft.) on the outskirts of Moscow … tic toc

+ ViveRE Communities Inc. closed their $13.5 million acquisition of 124 door project in Moncton, New Brunswick




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE 


+ METRO Inc. is starting a $420.0 million construction investment in its Terrebone, QC automated distribution centre; 600,000 sq. ft. to open in 2023




 INTERESTING TRENDS IN OFFICE 


+ Amazon is growing its presence in New York City; they are buying the landmark Lord & Taylor building for US$1.15 billion; WeWork had bought the property from HBC, parent of Lord & Taylor. Amazon will use the 11-story/660,000 sq. ft. building as its New York HQ, and house several thousand employees there




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


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

this site last updated May 6, 2025