FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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CONVERSATIONS

A recent conversation with award-winning writer Marcello Di Cintio

A recent conversation with Dan Elrod, Pres. @ Wallace & Carey Inc.

Click here to access the archive: archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrew Mok to CFO @ Centric Health Corporation

+ Bob Myles, COO, Industrial Group @ Stuart Olson Inc., stepped down

+ Brooke Tucker-Reid to Director, External Communications @ Manulife

+ Bruce McDonald, Pres., CEO & Director @ ARROW Exploration Corp., resigned

+ Charlie Foran to Exec. Director @ Writer’s Trust of Canada

+ Chris Ardagh to Service Delivery Mgr. @ CGI

+ David Henry, CFO @ Obsidian Energy Ltd., resigned

+ David Mann to Portfolio Mgr., Global Equities @ Empire Life Investments

+ David Rain to Interim CEO @ PetroShale Inc.

+ Eric Watson to Regional Dir./Head of Real Estate, Canada @ Sonder

+ Garnett Radcliffe to Project Estimator @ Con-Tech General Contractors

+ Heather Anderson to Fire Services Admin. Coordinator @ Rocky View County

+ Heather Lawton to Bus. Dev. @ RGO Products Ltd.

+ Ian Anderson to VP Logistics @ Teck Resources Limited

+ Janice Loreau to Mortgage Specialist @ BMO Financial Group

+ Jack Scott to Interim Pres. & CEO @ ARROW Exploration Corp.

+ Jean-Marc Rouleau to VP Operations-Retail @ Cominar REIT

+ Joan Ritchie, CFO @ Redline Communications Group Inc., resigned

+ Jon Sorg to Head of U.S. @ Granite REIT

+ Julie Baron to Director, Brand Strategy and Communication Services @ Suncor Energy

+ Matt Marshall to Sr. Director, Corporate Strategy @ Nutrien

+ Michael Donovan, Director @ DHX Media Ltd., resigned

+ Mike McNaney to Pres. & CEO @ National Airlines Council of Canada

+ Mike Wood, Pres. & CEO @ PetroShale Inc.

+ Philip Jones to CFO @ Redline Communications Group Inc.

+ Scott Saskiw to Territory Manager @ CooperVision

~

 [send us your appointment notices  kolke@facilitycalgary.com ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ can HR change how leaders think?

+ WeWork removing 2,300 hazardous phone booths from its offices




 SAVE THE DATE / upcoming events

+ Oct. 21-25; Forests of Opportunity, 2019 SFI Annual Conference, Richmond, VA; info/register

+ Oct. 23-25; National Privacy & Data Governance Congress 2019, Privacy & Access Council of Canada, Carriage House Inn, Calgary; info/register

+ Oct. 25; Womanition – 2019 Leadership Conference, Ramada Calgary Airport Hotel & Conference Centre; info/register

+ Oct. 30; Edge Investment Forum, Westerner Park, Red Deer; info/register

+ Oct. 30-31; 4th Annual Business Transitions Forum [full program], Westin Calgary; info/register; use this code for a 20% discount: maxcomm20

+ Nov. 1; SMP Engineering Mini-Putt 2019 in support of Hull Services; SMP offices, Calgary; info/register

+ Nov. 1; Stantec presents the 5th Annual Peter Burgener Memorial Charity Concert, Barney Bentall and The Cariboo Express in support of Classroom Champions, Bella Concert Hall at MRU, Calgary … save the date; info/tickets

 + Nov. 6; Calgary Real Estate Forum, TELUS Convention Centre; info/register

+ Nov. 6; Top 40 Under 40 Awards Night, Metro Toronto Convention Centre; info/tickets

+ Nov. 6-7; Buildex Alberta, BMO Centre, Stampede Park, Calgary; info/register

+ Nov. 6-7; Business Transitions Forum, Hyatt Recency, Vancouver; info/tickets

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 19-21; ISSA Show North America 2019, Las Vegas, NV; info/register

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information

+ Nov. 26; PETRONAS International Energy Speaker Series – Haskayne School of Business; Marie van der Hoeven Speaking; Westin, Calgary; info/register/tickets

+ Dec. 1; 3rd Annual BIG Brunch, Big Brothers Big Sisters; Hudson, Calgary; info/tickets+ Dec. 2; Heritage Park – Christmas In Alberta Fundraiser, Gasoline Alley Museum, Heritage Park; info/tickets

+ Dec. 3-4; Western Sponsorship Congress, Fantasyland Hotel Edmonton; info/register




 SHAREHOLDER MEETINGS

+ Oct. 31; Callidus Capital Corporation, Special Meeting, Toronto

+ Nov. 15; Delphi Energy Corp., Security Holders Meeting, Calgary

+ Dec. 10; First Capital Realty Inc., Special Meeting of Shareholders, Toronto

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

~

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




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 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ BHE Canada announced it will develop a $200.0 million wind farm (117 MW) in SE Alberta in 2020; Rattlesnake Ride Wind will be southwest of Medicine Hat




 this week in REITS 


+ CAP REIT completed $11.6 million acquisition of a waterfront apartment property in Summerside, PEI

+ Jean-Marc Rouleau to VP Operations-Retail @ Cominar REIT

+ Jon Sorg to Head of U.S. @ Granite REIT

+ Killam Apartment REIT is on the market to raise $100.5 million in equity

+ RioCan REIT is on the market to raise $200.0 million in equity

+ Strategic Storage Growth Trust II Inc. a private REIT sponsored by a subsidiary of SmartStop Self Storage REIT acquired a newly constructed storage facility in Toronto; 735 self-storage units

+ Summit Industrial Income REIT closed $230.0 million equity financing


 weekly newsletter

Est. July, 1999




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 KUDOS 

+ to Alberta Order of Excellence winners (8) include Calgarians Bonnie DuPont and Frances Wright




 QUOTES 

+ Nothing is worth more than this day. – Johann Wolfgang von Goethe

+ How wonderful it is that nobody need wait a single moment before starting to improve the world. – Anne Frank




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NEWS SUMMARY 
 October 15 ~ 22 


+ 4th Annual Business Transitions Forum - Oct. 30-31, focus on your exit/transition strategy; [full program], Westin Calgary; info/register; use this code: maxcomm20 for a 20% discount

+ AltaGas Canada Inc. agreed to be acquired by a JV; Public Sector Pension Investment Board and Alberta Teachers’ Retirement Fund Board will pay $1.7 billion

+ Black Swan Energy Ltd. opened its Nig Creek Gas Processing Facility in NE B.C.

+ Canaccord Genuity Group Inc. closed its acquisition of Patersons Securities Limited in Australia

+ Crescent Point Energy Corp. closed the sale of its Uinta Basin asset and a portfolio of non-core SE Saskatchewan assets

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices soften due to softening demand and U.S. inventory build

+ ELECTION RESULTS: Trudeau Liberals will have a minority government (156 seats), Conservatives (122 seats) will be official opposition; popular vote very close – Conservatives slightly larger, the Bloc is back in force – the map reflects large patches of regional division ; Calgary was a Conservative sweep

+ Painted Pony Energy Ltd. agreed to sell a 75% interest in its NE BC/Montney portfolio for $45.0 million

+ Pieridae Energy Limited closed its $190.0 million acquisition of Shell’s Foothills assets

+ RFA Capital Holdings Inc. closed its $83.0 million acquisition of Street Capital

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 5 to 851 this week; Canada: down 3 to 143 this week; full breakdown


THIS WEEK IN FINANCINGS 
- proposed & closed

+ BC Ferries closed $250.0 million sr. debt financing

+ BMO Financial Group closed US$500.0 million sustainability bond debt financing

+ Delphi Energy Corp. closed $316,000.0 first tranche of an equity financing

+ EarthRenew Inc. is on the market to raise $2.0 million in equity by private placement

+ Enerkem Inc. closed $76.3 million equity financing

+ Garda World Security Corporation is on the market to raise US$779.0 million in sr. unsecured debt

+ Greater Toronto Airports Authority closed $900.0 million debt financing

+ HTC Extraction Systems is on the market to raise $10.0 million in equity by private placement

+ Killam Apartment REIT is on the market to raise $100.5 million in equity

+ PetroShale Inc. secured US$177.5 million credit facility

+ Quorum Information Technologies Inc. are on the market to raise $8.0 million in equity by private placement

+ RioCan REIT is on the market to raise $200.0 million in equity

+ Summit Industrial Income REIT closed $230.0 million equity financing

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 BUIILDING OPERATIONSS NEWS + INNOVATION 


+ Sun Life Building in Montreal achieved LEED Platinum




 CONSTRUCTION NEWS + INNOVATION  


+ Exchange Income Corporation closed its acquisition of Advanced Window Inc.

+ Hardwoods Distribution Inc. agreed to acquire Pacific Mutual Door Company

+ York Group of Companies acquired Rumble Foundations (Ontario) Ltd.




 CORPORATE RESPONSIBILITY REPORTS 


+ PCL Group of Companies released their inaugural Corporate Social Responsibility Report




 INFRASTRUCTURE / P3  


+ Mobilinx consortium awarded contract for Hurontario Light Rail Transit Project (18 km./19-stop rail transit system); $4.6 billion in construction for P3 deal to design, building, finance, operate, and maintain




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ First Capital Realty Inc. and partners are pitching a plan to the City of Toronto’ to redevelop 28-acre site on Lake Shore Boulevard West; former Christie Cookie factory site

+ MGM Resorts International announced it would sell its Bellagio and Circus Circus properties in Las Vegas; value reported to be US$5.0 billion; Blackstone REIT stepped up, did a JV with MGM – sale/leaseback transaction for US$4.3 billion

+ Regional Group and Fengate Asset Management formed a JV to develop rental apartments in Ottawa




 INTERESTING TRENDS IN RETAIL 


+ in the U.S., Barneys New York Inc. agreed to sell its assets to Authentic Brands and B.Riley Financial for US$271.0 million

+ in Edmonton, Mayfield Toyota are planning 118,000 sq. ft. dealership in West Edmonton Mall; opens April 2021 (includes former Sears store + 45,000 sq. ft. of mall space)

+ Neiman Marcus published their 93rd annual Christmas Book catalogue – check out the fantasy gifts including the 007 Aston Martine designed by Daniel Craig

+ The Hudson’s Bay Co. senior management group are taking the company private at a value of $1.9 billion




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ this could be an indicator of a trend in the making; in Toronto, Google were planning to do a large co-work space deal, but Google pulled out, instead leasing 24,000 sq. ft. from IWG. One transaction does not a trend make … tic toc

+ WeWork have a board committee negotiation a US$5.0 billion survival financing package with competing financiers vs. a US$10.0 billion takeover bid from Softbank … tic toc




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

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this site last updated May 6, 2025