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~ 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]
CONSTRUCTION / DEVELOPMENT NEWS + BUILDING SERVICESS INNOVATIONS
+ City of Calgary is moving along with its fieldhouse plans - $109.0 million set aside, to building on baseball field the city owns north of McMahon Stadium …
+ GOA’s pre-election promise of investment in school construction – 58 projects
+ Bed Bath & Beyond’s lifeline/rescue financing is unfolding; all Canadian stores being shuttered – but it’s interesting, when you consider HBC is bank rolling a bailout that wipes a competitor off the playing field in Canada and gives it a controlling role on the U.S. operations/brand. My prediction, we’ll see Bed Bath & Beyond stores-within-HBC stores later this year if the follow their announced Zeller’s rebirth model …
+ Nordstrom will exit Canada, closing 13 stores; one Nordstrom store, one Nordstrom rack in Calgary; various opportunities and/or problems for landlord and retailers across the country - partly the economy (they are struggling in the U.S., so cutting off the Canadian division was a no-brainer for them - but as a ‘once upon a time I had a young shoe merchant’s crush on Nordstroms, long the go-to-mecca for shoe industry careers, I’m sad that they are no longer the great retailer they once were. They ‘didn’t get Canadians’, but worse, they didn’t get us into their stores – as if they were the only quality merchants here …
+ you can skip-the-uber, Chick-fil-A; they are dishing up something new for those workers who rush those deliveries, a rest-stop and ‘gets them out of the way’ of customers waiting to be seated or to get to the order counter (a pet peeve of mine)
QUOTES
+ One day you will wake up and there won’t be any more time to do the things you’ve always wanted. Do it now. – Paul Coelho
+ The most difficult thing is the decision to act, the rest is merely tenacity. – Amelia Earhart
+ FirstCap REIT boardroom battles calming; a truce was announced, but details were not: annual meeting rescheduled at a date to be announced – read their press release
INTERESTING TRENDS IN OFFICE REAL ESTATE ...
+ do you remember the feeding frenzy, Calgary among them, to win Amazon’s HQ2 project; the winners were New York City, and Arlington, Virginia? – but the US$2.5 billion PenPlace has hit the pause-button at the initial phase; notwithstanding Amazon’s great retail dominance (oddly, with Walmart catching up!), their facility ambitions and read on ‘how they office’ is a landscape shifting beneath their feet, as it is for everyone else
+ Bed Bath & Beyond’s lifeline/rescue financing is unfolding; all Canadian stores are being shuttered – but it’s interesting when you consider HBC is bankrolling a bailout that wipes a competitor off the playing field in Canada and gives it a controlling role on the U.S. operations/brand. My prediction is we’ll see Bed Bath & Beyond stores-within-HBC stores later this year if the follow their announced Zeller’s rebirth model …
+ Business Transitions Forum Alberta released its FINALIZED program for its event April 12th, TELUS Convention Centre, Calgary; info/register
+ FACILITYCalgary, published free every Tuesday morning; focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …
+ FirstCap REIT boardroom battles calming; a truce was announced, but details were not: annual meeting rescheduled at a date to be announced – read their press release
+ MONDAY MORNING MINUTE, ‘100 words from Mark + a quote’, start your week or meeting with a few words to start the conversation – free subscription; click to sign up
+ Nordstrom will exit Canada, closing 13 stores [obtained CCAA protection] one Nordstrom store, one Nordstrom rack in Calgary; various opportunities and/or problems for landlord and retailers across the country - partly the economy (they are struggling in the U.S., so cutting off the Canadian division was a no-brainer for them) - but as a ‘once upon a time I had a young shoe merchant’s crush on Nordstroms, long the go-to-mecca for shoe industry careers, I’m sad that they are no longer the great retailer they once were. They ‘didn’t get Canadians’, but worse, they didn’t get us into their stores – as if they were the only quality merchants here …
+ reader contributions are always welcome (for example – scroll down a few lines to see Tax warning, courtesy of Achen Henderson; please forward comments, news items, and company appointment announcements to kolke@facilitycalgary.com
veditor’s note: names of 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 …
+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details
