FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Ashley Dundas to Director, Leasing @ QuadReal Property Group

+ Benjie Thomas to CEO, Canada @ KPMG

+ Chris Webb to Pres. @ Nasittuq Corporation

+ Craig Leslie to Pres. @ Skyline Retail REIT

+ Gerard McInnis to Senior Partner @ Kalos LLP

+ Gordon Driedger, Pres. @ Skyline Retail REIT, stepping down but remain a trustee

+ Heather Stefanson to Director @

+ Hughes Simon to CEO @ Cascades Canada ULC

+ Jeffrey Bowers, Sr. VP & CFO @ Western Energy Services, resigned

+ Kerry Connelly to VP Bus. Development @ Room Women’s Network

+ Nick Leontidis to COO @ CAE Inc.

+ Patrick Decoste to Director @ CAE Inc.

+ Patrick Ens to Pres. @ goeasy Ltd.

+ Robert Rakochey, Partner @ Field Law, resigned in disgrace, and lost his KC designation

+ Ryan Pilsner, Pres. Operations and Customer Experience @ Questor Technology Inc., left the company

+ Susan Bray to Director @ Logistec Corporation

+ Tim Keane, recently appointed Gen. Mgr., Planning Dept. @ City of Calgary, resigned

~ 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 ]




 REMEMBRANCE 

+ Joy Kimball; long term operator of Play of Six Glaciers Teahouse, 95




 
 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Calgary and Federation of Canadian Municipalities funding $33.7 million expansion of composting services in Calgary




 
 SAVE THE DATE / upcoming events

+ May 30; Real Estate Joint Ventures – Osler Webinar – virtual; register

+ May 31 – June 2; Inventures Conference; Telus Convention Centre, Calgary; info / register

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 15; Diamond Gala – Calgary Real Estate Board Gala, ‘new’ BMO Centre, Calgary Stampede Grounds; info / tickets

+ June 18; ERA-15; Lessons Learned, TELUS Spark Science Centre, Calgary – free event/register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

; registration for live attendance of FREE virtual attendance

+ June 24-26; The WorkX Conference, Embrace the Future of Work, Dallas; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

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




 
 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ May 31; 14th Annual Treasure Life Golf Classic, Coloniale Golf Club, Beaumont; register

+ June 10; Headwater Learning Foundation – Golfing for Good Tournament, Glencoe Golf & Country Club; info / register *** Banquet speaker: Karen Gosbee

+ June 20; IFMA Calgary Chapter – IFMA Calgary Open; Lynx Ridge Golf Club, Calgary; sponsorship / golf

+ June 24; Rotary 28th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ July 11; 22nd Annual COAST Hotels, Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta; register

+ July 17; Calgary Construction Association - 80th Anniversary Classic Golf Tournament, Springbank Links; info/register

+ Aug/ 16 – 18; Rogers Charity Classic/PGA Seniors Tour, Canyon Meadows; tickets/sponsors information tba

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

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




 
 INTERESTING TRENDS ~ INDUSTRIAL / LOGISTICS 

+ Amazon Canada opened a new robotics fulfillment centre in Calgary; 2.8 million sq. ft. 




 INTERESTING TRENDS/NEWS: RETAIL

+ Indigo Books & Music Inc. shareholders approved transaction for takeover by Trilogy Investments LP

+ London Drugs disclosed the cause of its recent shutdown as a ransom/cyberhack

+ Red Lobster Chapter 11 insolvency in the U.S. actions in Canada is ‘stayed’ for now ... - folly of endless shrimp scheme detailed by Matt Levine’s piece 




 REITs + TRUST NEWS 

+ Lanesborough REIT to sell remaining properties, then wind-up the REIT

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag


 THIS WEEK - NEWS SUMMARY 

  May 22 ~ 28, 2024 


 


                                                     

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 QUOTES  

+ 20 years from now, the only people who will remember that you worked late are your kids.- David Clarke




 KUDOS 

+ to A&W – they’ve resurrected the Whistle Dog for a short time – and released a film ‘Bring Back the Whistle Dog


                                                     

CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

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RETAIL LEASING AND SALES

 
                                                     

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  NEWS THIS WEEK  


+ Amazon Canada opened a new robotics fulfillment centre in Calgary; 2.8 million sq. ft.

+ A&W announced the return of the Whistle Dog – and released a film

+ Calgary metro population surged 6% to 1,682,509 in 12 months

+ Calgary Economic Development published its 2023 Annual Report

+ CGC Inc. broke ground on a new manufacturing plant in Wheatland County near Carseland, $210.0 million project will produce eco-friendly drywall; Ledcor building it

+ City of Calgary creating a new position – Chief Housing Officer

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$79/bbl; Brent @ US$83/bbl ~

+ fire season 2004 is underway: Alberta wildfire concerns are well founded;   31 fires are active – 14 of them are new/2024 fires – 1 is out of control   - recent rainfall has cut the fire risk and reduced threat to communities for a while but predicted drought conditions has Alberta Forest Service concerned

+ fire season 2004 – O&G production interruption/shut in announcements this week:  Pieridae Energy

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ Indigo Books & Music Inc. shareholders approved transaction for takeover by Trilogy Investments LP

+ Lanesborough REIT to sell remaining properties, then wind-up the REIT

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ PBA Group re-purposing the Canadian Centre (833-4th Ave SW) to be a 226-door ‘new hotel’; a partnership with Concorde Hospitality will be transforming the property as an Element Hotel, a Westin Flag

+ Questor Technology Inc. closed the sale of it’s Clean Combustion business unit

+ Red Lobster Chapter 11 insolvency in the U.S. actions in Canada is ‘stayed’ for now ...

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: down 4 to 600 this week; Canada: up 6 to 120 this week

+ University of Calgary is restoring its oil and gas engineering program suspended 3 years ago – Yay!




 
THIS WEEK IN FINANCINGS 
- proposed & closed

+ AIMCo Realty Advisors LP closed a $900.0 million sr. unsecured debt financing

+ Bell Canada is on the market to raise $1.5 billion in unsecured debt

+ Blackline Safety Corp. closed a $20.0 million equity raise

+ Blackline Safety Corp. closed a $10.0 million equity raise by private placement

+ BriaCell Therapeutics is on the market to raise $5.0 million in equity

+ Cardinal Energy Ltd. secured a $200.0 million credit facility

+ CES Energy Solutions Corp. closed a $200.0 million sr. unsecured debt raise

+ Choice Properties REIT closed a $500.0 million sr. unsecured debt raise by private placement

+ FuelPositive Corp. closed a $1.5 tranche of an equity raise by private placement

+ HEALWELL AI Inc. closed a $20.0 million equity raise by private placement

+ Hudbay Minerals Inc. is on the market to raise $300.0 million in equity

+ Hydro-Quebec closed a $500.0 million debt raise

+ Relocalize closed a $5.8 million funding round

+ Timbercreek Financial Corp. closed a $46.0 million convertible debt raise

+ TMX Group Limited closed a $300.0 million unsecured debt raise

+ Zedcor Inc. closed a $5.0 million equity raise

+ Zedcor Inc. closed a $10.0 million equity raise by private placement




 
 SHAREHOLDER MEETINGS

+ May 28; Comet Lithium Corporation, Annual and Special Meeting of Shareholders, Montreal

+ May 28; Hess Corp., Special Meeting of Shareholders, New York

+ May 31; BRP Inc., Annual General Meeting, Valcourt

+ May 31; Pizza Pizza Royalty Corp., Annual General Meeting, Toronto

+ June 4; TC Energy Corporatrion, Annual and Special Meeting of Common Shareholders, Calgary

+ June 11; ADF Group Inc., Annual Meeting of Shareholders, Laval

+ June 12; Dollarama Inc., Annual General Meeting of Shareholders, Montreal

+ June 13; The Investment Industry Association of Canada, Annual General Meeting, Toronto

+ June 17; High Arctic Energy Services Inc., Annual General and Special Meeting of Shareholders, Calgay

+ June 18; Falcon Oil & Gas Ltd., Annual General and Special Shareholder Meeting, Dublin

+ June 20; Africa Energy Corp., Annual General And Special Meeting of Shareholders, Vancouver

+ June 20; BTB REIT, Annual General Meeting of Unitholders, Montreal

+ June 20; Invesque Inc., Annual General Meeting, Toronto

+ Aug. 20; Dye & Dunham Limited, Special Meeting of Shareholders, Toronto

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

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



 
 CONTRUCTION - BUILDING SERVICES NEWS 

+ CGC Inc. broke ground on a new manufacturing plant in Wheatland County near Carseland, $210.0 million project will produce eco-friendly drywall; Ledcor is building it




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ NexGen Energy Ltd. published its 2023 Sustainability Report


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.


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this site last updated May 6, 2025