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 

 

+ Andrew Ashton to Chairman @ Franklin Templeton Canada

+ Chris Pine to Head of Real Estate @ T&T Supermarkets

+ Emmett Shear to Interim CEO @ OpenAI

+ Greg Brockman, Co-founder & President @ OpenAI, resigned

+ Greg Brockman to Co-Lead Advanced AI Research Team @ Microsoft

+ Jason Redman to CEO @ Medical Facilities Corporation

+ Maha Shah to Manager, Calgary Practice @ KSV Advisory Inc.

+ Michel Archambault to Managing Director @ Safe-Guard Products Canada

+ Murray Roach, Chief Commercial Officer @ Grey Wolf Animal Health, resigned

+ Nick Gawne to CFO @ Wildbrain Ltd.

+ Sam Altman, Co-founder & CEO @ OpenAI, fired by the board

+ Sam Altman to Co-Lead Advanced AI Research Team @ Microsoft

~ 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 ]


 


 
 TECHNOLOGY TRENDS 

+ AI – the future of AI is a topic of great interest and speculation. The shakeup of OpenAI, firing of co-founder and CEO Sam Altman was punted by his board from his position; Microsoft – in a clever move to protect/bolster its US$13.0 billion investment in OpenAI, signed Altman and his second in command Greg Brockman


 


 SAVE THE DATE / upcoming events

 

+ Nov. 23; Launch Party 2023, Platform Calgary, info/ticket

+ Nov. 23; U of C – EARTHx Series – Ocean Exploration and an Unexpected Find, University of Calgary; register

+ Nov. 29-30; Real Estate Forum, Metro Toronto Convention Centre, Toronto; info/register

+ Nov. 30 – Dec. 12; COP28 UAE, Expo City, Dubai; info

+ Dec. 7; U of C – Careers in Technology, Lunch and Learn Series, University of Calgary, Downtown Campus; register

~~~

2024

+ Jan. 17;  Matco Financial Outlook 2024: The Power of Income in Volatile Markets, Telus Convention Centre, complementary/limited seating; reserve your seat

+ Jan. 18; CFA Society Calgary – 47th Annual Forecast Dinner, TELUS Convention Centre – save the date

+ Feb. 8-9; 7th Annual - ECO IMPACT 2024, Westin Downtown, Calgary;  register

+ Apr. 16-17; Innovate West, Vancouver Convention Centre; info/book – save the date

+ Apr. 23-25; 2024 Canadian Hydrogen Convention, Edmonton Convention Centre - register

+ Mar. 12-13; Petrochem Canada-West, Calgary; save the date -

+ May. 8-9; Retail Supply Chain and Logistics Expo, Las Vegas Convention Centre

+ May 14-15, Canada’s Net-Zero Forum 2024, The Transition Accelerator, save the date/register

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

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

+ 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 – save the date

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


 


 

+ the IFMA Calgary Chapter Board Executive Officers are: Ola Muniak, President; Dan Hornsberger, Vice-President; Lance Laliberte, Treasurer; Adele Boudreau, Secretary


IFMA Calgary Chapter has announced/launched its new Sponsor Program.

Membership benefits and options have been updated - Chapter Membership and International Membership

Our IFMA Calendar of Events is in development. Stay tuned for announcements; dates to note for facility tours, education and networking events coming soon ...


Registrations via our Events Page - click here

 


 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

 
 

+ ATCO Ltd.’s 2023 Clean Energy Community Fund published the recipients of its Energy Transition Grants

+ Amazon planning 495MW wind farm in Vulcan County; to partner with developer Copenhagen Infrastructure Partners on a 495-megawatt capacity wind farm


 


 
 REITs + TRUST NEWS 

 

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

+ Slate Office REIT is planning to reduce their exposure to office, intends to sell 40% of its portfolio


 


 
 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

 

+ I know … it’s early, but if you have a date and a course booking for your 2024 tournament, we’ll happily post it as a ‘save the date’

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


 


 Sponsors of this week's issue:

This is a new service offered by Mark Kolke and group of his colleagues at MaxWell Capital Realty ...

  • RESIDENTIAL LAND For Sale
  • NEW HOMES For Sale
New listings are added daily ...

Tell us 'what you are looking for' - input form 

Weekly updates with 'STATUS updates' and housing news - SIGN up in the form at the bottom of this page

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.



BennettJones.com



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



link to Premiere used furniture website
 
OFFICE FURNITURE SALES



EXECUTIVE SEARCH


Oliver Baezner, Managing Partner
oliver.baezner@altopartners.ca



ROCKY VIEW COUNTY
Business & Economic Development



 QUOTES 

 “Yes, AI may have flaws, but human reasoning is deeply flawed, too. Clearly AI is going to win. How people adjust is a fascinating problem.” – Daniel Kahneman, Nobel prize winner, the world’s leading expert in human judgment, who has spent a lifetime documenting its shortcomings.

+ If you can’t explain it simply, you don’t understand it well enough. – Albert Einstein




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.

CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES

Mark Kolke, DTM, VP Commercial - MaxWell Capital Realty
6204B Burbank Road SE, Calgary, AB T2H 2C2
. . . . . . . . . . . . . . . . . . . . . . 
Consultant - Special Purpose Projects, P3, Education Facilities
Agent - Investment Sales; Office, Industrial & Retail Leasing
A full-service real estate practice:
Commercial - Investment Sales & Leasing | Consulting | 
Agricultural | Residential Sales | Land | Property Management | 
 
Phone/Text: (403)-312-8359 / email: kolke@markkolke.com 
PLANDflex Corporation / Consulting Services
Editor / Publisher - FACILITYCalgary
MaxWell Capital Realty / VP Commercial /Agent/Realtor
. . . . . . . . . . . . . . . . . . . . . . 

 
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 THIS WEEK - NEWS SUMMARY 

 November 15 ~ 21, 2023


 

+ a NEW SERVICE ANNOUNCEMENT – bUILDERS + bUYERS; I’ve launched builders + buyers – a service to home builders looking for sites/acreages, development and redevelopment sites For Sale + a similar resource for new home buyers to see NEW HOME purchase opportunities – I’m leading a small and growing group of colleagues at MaxWell Capital Realty - looking forward to helping our clients, and meeting new ones too; sign-up to get weekly updates  (scroll to the bottom of this page for the sign-up form)

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$77/bbl, Brent @ US$81/bbl – demand levels not certain, OPEC expected to keep it’s production targets steady

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday; Calgary news focused on oil & gas, finance and the real estate industry; click here to sign up

+ Government of Alberta removed executives at Alberta Health Services as first major step in re-invention of health care services; no clear directions announced other than ‘showing people the door’ and appointment of (Yikes!) Lyle Oberg as board chair … tic toc

+ Government of Canada announced a $1.5 billion critical minerals infrastructure fund

+ Government of Canada announced $228.0 million in funding under the Housing Accelerator Fund to the City of Calgary to fund 6,800 housing units over the next three years

+ K-Bro Linen Inc. closed its $11.5 million acquisition of Buanderie Villeray

+ 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

+ Northbase Financial Inc. closed its acquisition of BlackGold Capital Management LP

+ OpenAI turmoil is roiling tech-market folks; Microsoft is a big winner, shareholders of OpenAI nervous as CEO fired, majority of employees threatening to resign, value of the company in considerable doubt; sharp contrast to the situation a month ago

+ 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 - get on our mailing list to receive REITrag (for paid subscribers only) and MONDAY MORNING MINUTE (free or paid options with extra content – currently REITrag is free for paid Monday Morning Minute subscribers

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 2 to 618 this week; Canada: down 3 to 196 this week; full breakdown and international rig counts

+ Tourmaline Oil Corp. completed its $1.45 billion acquisition of Bonavista Energy Corporation

+ West Fraser Timber Co. Ltd completed its acquisition of Spray Lakes Sawmills; terms not disclosed


 


THIS WEEK IN FINANCINGS 
- proposed & closed

 

+ BlackBerry Limited closed a US$150.0 million unsecured convertible debt financing by private placement

+ Coelacanth Energy Inc. completed an $80.0 million equity raise

+ Coelacanth Energy Inc. is on the market to raise $1.5 million in equity by private placement

+ CT REIT closed $250.0 million senior unsecured debt issue

+ Greenbrook TMS Inc. secured US$2.548 million in sr. secured debt

+ Northstar Clean Technologies Inc. is on the market to raise $3.5 million in convertible debt

+ Northvolt AB secured $200.0 million in convertible debt

editor’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 …


 


 CONSTRUCTION + DEVELOPMENT NEWS 

 

+ Bow Valley College secured $5.5 million in funding toward it’s entertainment arts production hub


 


 
 INTERESTING TRENDS IN RETAIL REAL ESTATE 

 

+ Firehouse Subs is opening seven locations in western Canada; three in the Calgary area – Calgary, Airdrie and Okotoks

+ Grafton Apparel Ltd. (Tip Top, George Richards, Mr. Big & Tall) agreed to be acquired by Stern Partners Inc.; terms not disclosed


 


 
 INTERESTING TRENDS IN OFFICE REAL ESTATE 

 

+ WeWork failure analyzed – article by Peter Armstrong


 


 
 SHAREHOLDER MEETINGS

 

+ Nov. 28; IntelGenx Technologies Corp., Special Meeting of Shareholders, Saint Laurent

+ Nov. 30; Yellow Pages Limited, Special Meeting of Shareholders, virtual only

+ Dec. 1; OpSens Inc., Special Meeting of Shareholders, Quebec City

+ Dec. 19; Dye & Durham Limited, Annual General Meeting of Shareholders, Toronto

+ Dec. 20; Hammerhead Energy Inc., Special Meeting of Shareholders, Calgary

~~~

2024

+ Jan. 10; High Arctic Energy Services Inc., Special Meeting of Shareholders, Calgary

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


 


 
 CORPORATE RESPONSIBILITY + ESG REPORTS 

 

+ Pet Valu Canada Inc. published its first ESG 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.


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

this site last updated May 6, 2025