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 

 

+ Alex Lindsay to CEO @ Resolute Resources

+ Chris Gower to Deputy CEO @ PCL Constructors Inc.

+ Craig Hippern to Pres. & CEO @ Mantella Corporation

+ David Mann to Founding Partner @ Blue Rock Law LLP

+ Dr. Verna Yiu to Director @ EPCOR Utilities Inc.

+ Eric Roberts to CEO, Fiera USA @ Fiera Capital Corporation

+ Jeffrey Brown to CFO @ Chartwell Retirement Residences

+ Jim Clark to Interim CEO @ Martello Technologies Group Inc.

+ Justin Leger to CEO @ Cybeats Technologies Corp.

+ Mitchell Scott to CEO @ CULT Food Science Corp.

+ Rob Lozuk to CEO @ Syantra Inc.

+ Saj Khan, Pres. & COO @ Eddy Solutions, resigned

+ Shahed Khalili to Chief Product Officer @  Boast

+ Tim Haig to Director @ Avalon Advanced Materials Inc.

+ Todd Craigen to COO and Pres. Corporate Services @ PCL Constructors Inc.

+ Zabeen Hirji Director @ Sleep Country Canada, 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 

+ Ian Bruce; Chairman @ MEG Energy, oil & gas / finance industry executive

+ Stan Cowley; creator of Rafter Six Resort and extraordinary Albertan, 87


 


 
 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Clean Energy Jobs Canada was launched by the Canadian Renewable Energy Association

+ TransAlta Corporation to acquire Heartland Generation (1,844MW)for $658.0 million


 


 
 SAVE THE DATE / upcoming events

+ Nov. 7-8; Canadian Aerospace Summit, Shaw Centre, Ottawa; agenda / register

+ Nov. 14-15; Oilfield Electrification Technology Conference, Hyatt Houston West, Houston; register, submit abstracts

+ Nov. 15; National Philanthropy Day Luncheon, Palomino Room/BMO Centre, Stamped Park; info/tickets

+ Nov. 15-16; Fenestration Canada’s WinDoor 2023, Toronto Congress Centre, Hall D; registration

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

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

~~~

2024

+ Dec. 6;  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

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

+ 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 ]


 


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

 


 SHAREHOLDER MEETINGS

 

+ Nov. 7; Essential Energy Services Ltd., Special Meeting of Shareholders, Calgary

+ Nov. 6; Ingenium, Annual General Meeting, Ottawa

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

~ Canadian banks and life insurance companies got approval to do their 2023 annual meetings virtually

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


 


 
 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 ]





Have you got news our readers will want to hear?  Send us your appointment (or disappointment) notices, press releases, and industry news to: kolke@facilitycalgary.com



Would you like to advertise in FACILITYCalgary?  If you are interested in sponsorship/advertising, please contact: kolke@markkolke.com



 Sponsors of this week's issue:

EXECUTIVE SEARCH


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



ROCKY VIEW COUNTY
Business & Economic Development



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



BennettJones.com



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



link to Premiere used furniture website
 
OFFICE FURNITURE SALES



 QUOTES 

+ In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists. – Eric Hoffer




 KUDOS 

+ to Canada Blood Services who will maintain a downtown presence for blood donors (like me) to donate in a great central location; kudos too to Morguard’s Shannon Potter (a blood donor too!) for winning them as a tenant at Penn West Plaza

+ to the winners at the Banff Mountain Film Competition




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 1 ~ 7, 2023 


 Contains information received before 5:00AM MST on publication day. 


 

+ Alberta Indigenous Opportunities Corporation’s loan guarantee capacity increased to $3.0 billion

+ ARC Resources Ltd. announced its 2024CapExBudget is $1.75 billion

+ Brookfield Infrastructure Partners and institutional partners agreed to acquire Cyxtera data centre portfolio for US$775.0 million

+ Canadian Blood Services main Calgary donation collection centre is staying downtown! The Eau Claire Market operation will be moving to PennWest Plaza (207 & 209 – Avenue SW); Morguard confirm the deal is completed but timing for the move has not been announced – see KUDOS below

+ CIMA+ acquired C3W Water Inc.

+ CRIN – the Clean Resources Innovation Network funded another 19 projects - $16.1 million

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$80/bbl, Brent @ US$85/bbl

+ CWC Energy Services Corp. shareholders approved arrangement with Precision Drilling

+ 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

+ *Griffon Partners Operation Corp. and related and affiliated entities filed a Notice of Intention to Make a Proposal (creditor protection).  Alvarez & Marsal Canada Securities ULC have been appointed Griffon’s advisor to pursue a refinance, investment or sale of the Company’s assets. See the following link - teaser, NDA and SISP procedures:

https://www.alvarezandmarsal.com/GriffonPartners-SISP and/or email to Quinn Mosby / qmosby@alvarezandmarsal.com * this item is paid content

+ Hamerhead Energy Inc. agreed to be acquired by Crescent Point Energy Corp.in a cash and shares deal valued at $2.55 billion

+ 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

+ Paramount Resources Ltd. announced its 2024CapExBudget is $830.0 million

+ Pine Cliff Energy Ltd. agreed to acquire Certus Oil & Gas Inc. for $100.0 million

+ reader contributions: are always welcome. Please forward your comments, news items, and company appointment announcements; forward to: kolke@facilitycalgary.com

+ 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: down 7 to 618 this week; Canada: no change at 196 this week; full breakdown and international rig counts

+ Tamarack Valley Energy Ltd. closed the sale of a portfolio of non-core Cardium assets for $123.0 million

+ Terravest Industries Inc. agreed to acquire Highland Tank Holdings LLC for US$78.0 million

+ Terravest Industries Ltd. acquired LV Energy Services Ltd. for $25.0 million

+ TransAlta Corporation to acquire Heartland Generation (1,844MW)for $658.0 million

+ WeWork’s long-rumoured bankruptcy filing has arrived; yesterday WeWork filed for Chapter 11 bankruptcy protection; as of June 2023 they operated 777 locations in 29 countries (for example – in Manhattan they are the largest tenant in the market, occupying 20.0 million sq. ft.) and announced they will file for bankruptcy in Canada also; the filings impact U.S. and Canadian operations only; the company and it’s creditors have engaged multiple advisors in an effort to ‘stabilize and streamline’ to reduce it’s debt; once darling tenant landlords sought with generous deals, expect to see a lot of space returned to an already saturated market in most major cities – tic toc …we’ll see …

+ Whitecap Resources Inc. announced its 2024CapExBudget is $1.0 billion


 


THIS WEEK IN FINANCINGS 
- proposed & closed

+ Avanti Helium Corp. is on the market to raise $3.0 million in equity

+ DeFi Technologies Inc. closed a $3.0 million equity raise by private placement

+ Hydrogen Canada Corp. closed $10.0 million see round financing

+ LSL Pharma Group closed a $2.293 million tranche of a convertible debt raise

+ Petro-Victory Energy Corp. closed a US$1.0 million equity raise by private placement

+ Ravensource Fund closed $1.418 million equity raise by private placement

+ SMT Tautes Technologies raised $68.0 million in equity

+ Theratechnologies Inc. closed a US$15.0 million equity raise by private placement

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 …


 


 
 INTERESTING TRENDS IN OFFICE REAL ESTATE 

+ WeWork’s long-rumoured bankruptcy filing has arrived; yesterday WeWork filed for Chapter 11 bankruptcy protection; as of June 2023 they operated 777 locations in 29 countries (for example – in Manhattan they are the largest tenant in the market, occupying 20.0 million sq. ft.) and announced they will file for bankruptcy in Canada also; the filings impact U.S. and Canadian operations only; the company and it’s creditors have engaged multiple advisors in an effort to ‘stabilize and streamline’ to reduce it’s debt; once darling tenant landlords sought with generous deals, expect to see a lot of space returned to an already saturated market in most major cities – tic toc …we’ll see …


 


 REITs + TRUST NEWS 

 

+ Lanesborough REIT agreed to sell Nelson Ridge Estates (225 doors/$22.0 million) – a non arm’s length transaction

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


 


 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Argonaut Gold Inc. released its 2022 ESG Report

+ Minto Apartment REIT published its 2022 ESG Report

+ Pineapple Financial Inc. closed a $3.5 million equity raise by IPO

+ Waste Connections published its 2023 Sustainability Report


 


 
 INFRASTRUCTURE + P3 

+ BMO Centre expansion at Stampede Park will include a $2.25 million sculpture; the Spirit of Water by Gerry Judah and will stand about 21 metres (70 feet) and weigh 50,800-kilograms (112,000 pounds) 


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

this site last updated May 6, 2025