FACILITYCalgary

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

FACILITYCalgary May 6/25

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CONVERSATIONS

A recent conversation with Gord Appel, Managing Partner @ Axiom Mortgage Solutions

A recent conversation with Laura Newcombe, Director Property Management, Calgary @ GWLRA

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Al Shulman to Sr. VP, Sales & Marketing @ Estruxture Data Centers Inc.

+ Alan Gershenhorn to Director @ Cargojet Inc.

+ Alon Ossip, CEO @ The Stronach Group, resigned

+ Amber Dawn Boudreau to VP Engagement @ Alberta Indigenous Opportunities Corporation

+ Annalisa Sando to Director, Student Recruitment and Programs (Alberta) @ Bennett Jones

+ Anne Yu to Interim CFO @ American Hotel Income Properties REIT LP

+ Azim Lalani, CFO @ American Hotel Income Properties REIT LP, left the company

+ Barry Perry to Director @ Capital Power

+ Belinda Stronach to CEO @ The Stronach Group

+ Benazir Valencia to Sr. Planner @ Rockyview County

+ Bob Evans to Partnership Office Director @ City of Kelowna

+ Bobby Kwon to Pres. & CEO @ Canadian Commercial Corporation

+ Brad Labrenz to Chief Security Officer – Acting Director @ City of Calgary

+ Calin Rovinescu to Special Advisor @ Brookfield Asset Management Inc.

+ Carlos Guichon to Finance Operations Mgr. @ Mitacs

+ Darrell Sargent to Planning Manager, Calgary @ WSP

+ David Bowcott to Board Director @ The Institute of Asset Management

+ David Mayer to Branch Mgr. @ Diamond Hard Solutions

+ David Wong, Director @ MTY Food Group Inc., resigned

+ Deb Duncan to Sr. Consultant, Calgary @ Global Philanthropic Canada

+ Doug Allen, Sr. VP Investor Relations @ Reconnaissance Energy Africa Ltd., retired

+ Dr. Marta New to Strategic Advisor @ Health Logic Interactive Inc.

+ Eric Rosenfeld, Director @ Canaccord Genuity Group Inc., resigned

+ Gil Kelley, Head of Planning Department @ City of Vancouver, ‘gone’ from his job

+ Gurdeep Brar to Bus. Dev. Mgr. @ Launchcode

+ Janaya Flower to Associate General Counsel @ NOVA Chemicals

+ Jae Cornelssen to CFO @ Think Research Corporation

+ Jared Mackey to Partner @ Bennett Jones

+ Jenny Hammarlund to Head of Europe, Managing Dir. @ Cadillac Fairview

+ Jody Crowe to Director,  Communications + Engagement @ BILD Calgary Region

+ Johnny Lam, COO @ Mainstreet Equity Corp., retired

+ Kim Loupelle to Sales Rep. @ Field Safe Solutions

+ Leon Black, Co-Founder & CEO @ Apollo Global Management Inc., stepped down

+ Lindsay Nicholson to Account Exec. @ Convergint Technologies

+ Lori Kerr to CEO @ FinDev Canada

+ Margaret McKenzie to Board Chair @ Inter Pipeline Ltd.

+ Mark Schweitzer, VP Finance & CFO @ Perpetual Energy Inc., retiring

+ Matthew O’Connor to Sr. External Communications Advisor @ PETRONAS Canada

+ Michael Stewart to Director @ Bonterra Energy Corp.

+ Misty Grant to Account Mgr. @ InsureLine Complete

+ Pamela Todd to Director, Brand and Marketing @ TELUS Spark

+ Patrick McNamee to Chairman @ Skylight Health Group Inc.

+ Peter Reist to Director, Sales & Product Strategy @ Consolidated Energy Solutions Inc.

+ Ralph Hope to Chief Technology Officer @ Intermap Technologies Inc.

+ Richard Shaw, Board Chair @ Inter Pipeline Ltd., retired

+ Robert Nearing to Partner @ Bennett Jones

+ Ryan Shay to VP Finance & CFO @ Perpetual Energy Inc.

+ Sophie Virji to Partner @ Bennett Jones

+ Tim Myers to Partner @ Bennett Jones

~

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 ]




 MEMORIAM 

+ Rogers Lehew, former General Manager @ Calgary Stampeders, 92



 HUMAN RESOURCES + WORKPLACE TRENDS 

+ are we relaxing COVID measures too soon?

+ Goldman Sachs survey of working conditions reveals excess work and likely high turnover ahead …

+ gig work is spurring the Federal Government to look for input on modernizing the labour code

+ hiring mistakes can come at a high-price

+ vaccinating the workforce – key considerations




 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking board members – (CPA, Legal, or film industry experience being sought) – info/apply

[please send your community board notices to  kolke@facilitycalgary.com ]




 SAVE THE DATE / upcoming events

+ Apr. 13; Western Canada Apartment Investment Conference (being held virtually), info/register

+ Apr. 14-15; 28th Vancouver Real Estate Forum, virtual-only; info/register

+ May 6; 6th Saskatchewan Real Estate Forum; virtual-only; info/save the date

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

+ May 12-13; Montreal Real Estate Forum, virtual-only; info/register

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 26-27; 22nd Edmonton Real Estate Forum, online/virtual; registration now open

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 8 & 9; Land & Development Conference; virtual-only – save the date/sponsorship

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

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

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; save the date/mailing list , call for presenters

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

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




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 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events"

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

~

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID-stats | CPR $29.0 billion merger | KeystoneXL redux? | deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

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 LEADERS IN PRIVATE WEALTH MANAGEMENT



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EXECUTIVE COACHING



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DIGITAL COMPONENT CONSTRUCTION



The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
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OFFICE MOVERS



Request a consult
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OUR SERVICES

TAX LAWYERS


TAX ACCOUNTANTS



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CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 INTERESTING TRENDS IN OFFICE REAL ESTATE ... 


+ WeWork disclosed US$3.2 billion loss for 2020 – seeking a deal with a SPAC as it seeks to raise capital

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 INTERESTING TRENDS IN REITs + TRUSTS 


+ Firm Capital Property Trust acquired a 50% interest in Mountview Mobile Home Park for $16.9 million; 181 unit community on 24 acres

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




  CLIMATE CHANGES + LEED + RENEWABLE ENERGY 

+ Suncor Energy part of a major financing to support the carbon-capture work of Svante Inc.

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 QUOTES 

+ If you want to encourage some activity, make it easy. – Richard Thaler

+ When you are a pessimist and the bad things happen, you live it twice. Once when you worry about it, and the second time when it happens. – Amos Tversky




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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Mar. 16 ~ 23 / 2021 


+ Alberta COVID-19 stats: 1,968 deaths to date, 6,176 active cases of 142,390 confirmed cases to date: aggregate Alberta data – currently, 280 Albertans are in the hospital with COVID-19, and 48 of those are in intensive care units; 3,605,024 tests have been administered to Albertans to date.

+ Alberta COVID-19 vaccinations for most vulnerable in long-term care and staff is completed; Alberta conditions with new levels of vaccinations as of Feb. 19 and on Feb. 24 – report/press conference with Premier Kenney

+ Alberta COVID-19 restrictions effective – NOW, a FULL Step 2 re-opening now in effect – No Further Restrictions being lifted due to new cases and rising hospitalizations

+ ABTraceTogether – get the APP

+ Canadian Pacific Railway Limited agreed to a massive merger deal - to acquire Kansas City Southern (enterprise value $29.0 billion); merger creates the first Canada-U.S.- Mexico rail network; it’s a two-stage deal, first a new trust will acquire Kansas City Southern to close in 2021, and once U.S. regulatory approval takes place, the merger can complete in 2022 …

+ City of Calgary 2021 elections; 7 declared candidates running for mayor: Jeremy Farkas, Jyoti Gondek, Brad Field , Ian Chaing, Larry Heather, Zane Novak, Grace Yan and  45 candidates for council ~ and lots of other rumoured candidates exploring a run …

+ City of Calgary public art program – reinstated, delegated responsibility to Calgary Arts Development

+ Copetrex Oil & Gas Co. Ltd. filed for bankruptcy; KPMG is the trustee

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI steady about US$61.00/bbl, Brent steady above US$64/bbl … inventories building, and demand still COVID-weakened

+ GREAT NEW RESTAURANT – I tried out the new Yim Siam on Macleod Trail; Thai Street Food, great service – Ploychu family Sampong, Sam, Pete, and Mint provided a great experience I recommend highly

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – - February issue, archived issues

+ Kitimat LNG project hiccup; Chevron, holder of 50%, has not found a buyer for its stake and is suspending its funding for the project

+ Midfield Mobile Home Park site (now Midfield Heights) rezoned; City Council approved a new land-use plan for mixed-use, retail, office and residential – sale of the land likely to unfold soon

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE March issue;  archived PROPERTYlines Issues

+ rig activity in Canada

+ rig counts (active/working) – US: down up 9 to 411 this week; Canada: down 24 to 92 this week; full breakdown and international rig counts

+ Spartan Delta Corp. closed its acquisition of Inception Exploration Ltd.

+ Sylogist Ltd. acquired Municipal Accounting Systems Inc. for $37.8 million

+ TC Energy’s Keystone XL pipeline may be dead, but work is afoot in the U.S. to bring it back to life and persuade President Biden to reverse his cancellation of the Presidential Permit – Texas led lawsuit has 17 states in the effort to bring Keystone XL back to life … tic toc

+ William F. White International Inc. opened Fortress Studio (109,100 sq. ft. facility) in Calgary




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. closed $550.0 million in debt financings

+ Boat Rocker Media Inc. is on the market to raise $170.1 million in equity by IPO

+ Brim Financial closed $25.0 million equity raise

+ Canadian Western Bank is on the market to raise $150.0 million in sub. debt

+ Chorus Aviation Inc. is on the market to raise $100.0 million in equity

+ Chorus Aviation Inc. is on the market to raise $30.0 million in equity by private placement

+ Converge Technologies Solutions Corp. secured $140.0 million credit facility

+ Datable Technology Corporation is on the market to raise $2.0 million in convertible debt

+ EMERGE Commerce Ld. closed final tranche of a $12.1 million equity financing

+ HPC Housing Investment Corporation closed $40.0 million social bond debt financing

+ Inovia Capital secured US$15.0 million equity financing

+ Leucrotta Exploration Inc. is on the market to raise $30.0 million in equity

+ Martello Technologies Group closed $5.75 million equity financing

+ Numinus Wellness Inc. closed $40.25 million equity financing

+ Payfare Inc. closed a $65.4 million equity raise by IPO

+ Sagen MI Canada Inc. is on the market to raise $150.0 million by a hybrid debt financing

+ SmartStop Self Storage REIT is on the market to secure a new US$500.0 million credit facility

+ Spartan Delta Corp. closed $79.0 million flow-through equity financing

+ Spartan Delta Corp. closed $44.09 million flow-through equity financing by private placement

+ Starlight U.S. Multi-Family (No.2) Core Plus Fund is on the market to raise US$65.4 million in equity by IPO

+ TAAL Distributed Information Technologies Inc. closed $40.0 million equity financing

+ Teine Energy Ltd. is on the market to raise US$400.0 million in sr. unsecured debt by private placement

~

*editor’s note: names 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 …




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 SHAREHOLDER MEETINGS

+ Mar. 29; Terrace Energy Corp. Special Meeting of Note Holders, Vancouver

+ Mar. 30; Cargojet Inc., Annual General Meeting of Shareholders, virtual-only

+ Mar. 31; ARC Resources Ltd., Special Shareholders Meeting, virtual-only

+ Mar. 31; Pinnacle Renewable Energy, Special Meeting of Shareholders, virtual-only

+ Mar. 31; Seven Generations Energy Ltd., Special Shareholders Meeting, virtual-only

+ Apr. 1; CWB Financial Group, Annual Meeting of Shareholders, virtual-only

+ Apr. 1; TD Bank Group, Annual Meeting of Common Shareholders, virtual-only

+ Apr. 7; BMO Financial Group, Annual Meeting of Shareholders, virtual-only

+ Apr. 8; CIBC, Annual Meeting of Shareholders, virtual-only

+ Apr. 8; Royal Bank of Canada, Annual Meeting of Common Shareholders, virtual-only

+ Apr. 13; Scotiabank, Annual Meeting of Shareholders, virtual-only

+ Apr. 14; Colliers International Group Inc., Annual General and Special Meeting, virtual-only

+ Apr. 21; United Way of Calgary and Area, Annual General Meeting, virtual-only

+ Apr. 21; VersaBank, Annual & Special Meeting of Shareholders, virtual-only

+ Apr. 22; Calgary Real Estate Board, Annual General Meeting, virtual-only

+ Apr. 29; Yangarra Resources Ltd, Annual General Meeting of Shareholders, Calgary

+ May 6; Trez Capital Senior Mortgage Investment Corporation, Annual and Special Meeting of Shareholders

+ May 6; Western Forest Products Inc., Annual and Special Meeting, virtual-only

+ May 11; Bird Construction Inc., Annual General Meeting of Shareholders, virtual-only

+ May 11; Keyera Corp., Annual Meeting of Shareholders, virtual-only

+ May 13; Precision Drilling Corporation, Annual Meeting of Shareholders, virtual-only

+ May 14; Genesis Land Development Corp., Annual General Meeting, virtual-only

+ May 21; Resolute Forest Products Inc., Annual Meeting of Stockholders, virtual-only

~

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ architectural mesh for parking garage exteriors

+ City of Calgary’s new Planning Guidebook in the news; City Council facing resistance from communities and some members of council … evolution of this process has been ongoing for years, so it’s ‘good business’, but the nub of the issue is whether non-elected bureaucrats will be making decisions usually reserved for elected council members; and community leaders seem divided about whether they want a transition in how they influence redevelopment and planning processes … tic toc

+ nominations will soon close for the inaugural Building Diversity Awards

+ site C dam, delayed, late, but going forward

+ Stantec and HDR selected to design new Vancouver hospital




 INTERESTING TRENDS IN RETAIL ... 


+ Couche-Tard agreed to sell 49 stores to Casey’s General Stores for $39.0 million; putting 306 more North American stores up for sale

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication


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