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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  October 16 ~ 22, 2024 


 


 QUOTES 

+ Dreaming, after all, is a form of planning. - Gloria Steinem

+ To love oneself is the beginning of a lifelong romance. - Oscar Wilde




 KUDOS 

+ Calgary’s King Eddy  - named Best Country Club at CCMAs

+ to David Farran and his Eau Claire Distillery – whisky award win at World Spirits Competition




                                                                                                    

                                                                                                    

- FACILITY Calgary - now in it's 26th year - every Tuesday morning - getting better, growing our audience, offering 'things you want to know' to people who want to know it

                                                                                                    

 
Your donation to iGIFTsight.ca helps poor kids see (YES, Canadian kids) - I've taken on a role with this very worthy work - a Calgary based charity with a national plan. I'm not asking anyone to switch the charities you support - and I'm asking you to add this one. Your money goes a long way. For instance, a $75.00 donation puts glasses on the faces of five kids who can't see the board. How can we do that?  Parntnerships, relationships, suppliers and creativity, volunteers and trust.

Mark Kolke, VP Fund Development, i GIFT sight

A message from FACILITYCalgary publisher Mark Kolke.
We are pleased to celebrate our relationship with iGIFTsight - a Calgary-based Canadian charity with a Canada-wide mission; if you've not heard about iGIFTsight, we urge you to invest a few moments of your time - click on a link to the site. You'll learn there is an unmet need for vision service in our communities. Getting eye exams, treatment, glasses and other corrective actions is something most of us take for granted as something we have funds or a benefit program, or that services are available where we live. This is made worse when families are already stretched so very far. If you can help, please consider helping in any that you can.

 
DONATION INFO/OPTIONS

 
 
                                                                                                    

 
 Sponsors of this week's issue:

 
 
visit: Premiere Van Lines Calgary / www.pvlcalgary.com
e-mail:  calgary@pvlcalgary.com
 
OFFICE MOVERS

 


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

 


 
 
 
BennettJones.com

 


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

 


 
 
 
 
ROCKY VIEW COUNTY
Business & Economic Development

 


 
 
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

 
                                                                                                    

 
 
CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES

 
                                                                                                    

 
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  You won't want to miss these: 


+ Armco Alberta/G2S2 acquired Bow Valley Square - 1.4 million sq. ft. from Oxford Properties

+ Arthur J.E. Child Comprehensive Cancer Centre – the Arthur Child – ribbon cut

+ Jack Mintz’s review of Alberta auto insuranc: SCRAP IT ---read what he saw




  NEWS THIS WEEK  


+ Alignvest Student Housings Inc. (Alignvest REIT) agreed to a total portfolio sale to Forum Asset Management for $1.686 billion

+ Armco Alberta/G2S2 acquired Bow Valley Square (1.4 million sq. ft.) from Oxford Properties

+ Arthur J.E. Child Comprehensive Cancer Centre – the Arthur Child – ribbon is cut! ... service to cancer patients begins on Oct. 28

+ Avila Energy Corp. gave notice of it’s intention to make a filing under Bankruptcy Act; FTI Consulting Canada Inc. is the trustee

+ Bank of Canada is widely reported to be making an ‘oversized rate cut’ this week ... tic toc ...

+ BC Provincial Election looking too close to call; recounts underway

+ Canadian Motor Freight Ltd. is in receivership – Ernst & Young is interim receiver

+ City of Calgary – Green line – the battle continues

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$71/bbl; Brent @ US$74/bbl ~ U.S. weekly production at record levels 13.5 million bpd

+ Erikson National Energy Inc. filed a Notice of Intention; KSV Restructuring is Trustee

+ Exxon Mobil Corp. looking to sell a portion of its Bakken shale holdings

+ fire season 2024: 34 fires remain active – all are in ‘being held’ or ‘under control’ status

+ fire season 2024 recovery: Jasper recovery plans – Alberta putting up $112 million to build 250 modular homes and GoC announced $3.0 million for tourism recovery

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

+ GardaWorld Security Corporation acquired Stealth Monitoring

+ Mayoralty race watch – Calgary’s election is a year away: Gondek undecided on running again, Jeff Davison declared,

+ Melcor’s ‘go shop’ period for Melcor REIT expired

+ 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

+ Nabors Industries agreed to acquire Parker Wellbore 

+ New Brunswick provincial election results – looks like a Liberal majority, Susan Holt will be Premier Elect

+ 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 1 to 585 this week; Canada: down 2 to 217 this week

+ Sienna Senior Living acquired an Alberta portfolio of 4 facilities/540 doors for $181.6 million




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SHAKERS AND MOVERS 
appointments and disappointments 

+ Abdulla Al Zain to Director @ Hapbee Technologies Inc.

+ Andrea Frossard to Chief Commercial Officer @ Foresters Financial

+ Blair Hagkull to Director @ QuadReal Property Group

+ Brahm Spilfogel to Director @ Nuclear Fuels Inc.

+ Christine Jakovcic to Gen. Mgr., Canada @ Haleon

+ Dave Kelly to Pres & CFO @ RF Capital Group Inc.

+ François Thibault, CFO @ Metro Inc., retiring

+ Ivan Limpright to Chairman @ Concert Properties and Concert Infrastructure Fund

+ Jacqueline Heard to Director @ Sollum Technologies

+ Jason Parravano to CEO @ Plaze REIT

+ Joe Prodan,  Director @ NamSys Inc., resigned

+ Josh Kierce to CFO @ Nations Royalty Corp.

+ Kristin Milchanowski to Chief AI and Data Officer @ BMO

+ Mike Sagert to VP, CHMC Multifamily @ KV Capital

+ Nicolos Davreau-Garneau to Strategic Advisor @ iA Financial Corporation

+ Pierre Labbe to Director @ COSCIENS Bipharma Inc.

~ 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 ]




THIS WEEK IN FINANCINGS 
- proposed & closed

+ EnviCore Inc. closed a $4.2 million funding

+ Financeit Canada Inc. increased it’s credit facility to $2.5 billion

+ goeasy Ltd. is on the market to raise US$350.0 million in sr. unsecured debt

+ goeasy Ltd. is on the market to raise $150.0 million in sr. unsecured debt

+ Hydro-Québec closed a $500.0 million debt raise

+ Royal Bank of Canada is on the market to raise US$1.0 billion by a debt issue

+ Sienna Senior Living closed a $150.0 million sr. unsecured debt financing

+ Slate Grocery REIT secured a $500.0 million credit facility / debt refinancing

+ Topaz Energy Corp. closed a $201.7 million equity raise

+ Top Down Ventures closed a $25.0 million first tranche of its Founders Fund I

+ XORTX Therapeutics Inc. closed a US$1.5 million equity raise




 HR Resource + Workplace Trends + HSE 

+ adapting aging office spaces for a modern workforce

+ effective succession planning – McLean & Co. guide




 TECHNOLOGY / AI Trends 

+ Amazon is now offering the Kindle in COLOR

+ most Canadian students are using generative AI, but why aren’t they learning more?

+ RBC report on status of AI in financial service: Evident AI Index




 RISK 

+ climate change is titling insurance damages

+ fraud is everywhere – is it growing?

+ Jack Mintz reviewed the Alberta auto insurance system, rate cap and GRID – didn’t like what he what he saw – proposes it be scrapped: Alberta Vehicle Insurance Options

+ life and health insurers paid out $128.0 billion in 2023

+ privacy and ethics issues/concerns 




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Northvolt battery plant is in jeopardy – efforts to keep the project alive

+ sustainable at scale




 CONSTRUCTION + BUILDING SERVICES NEWS 

+ first Zero Carbon Certification facility in Canada:  Forensics Crime Scene Facility at Trent University

+ Sustainable Buildings Canada will administer NRCAN’s national and provincial Sustainability Programs

+ 2D takes on the 3rd dimension




 INFRASTRUCTURE + P3 

+ Arthur J.E. Child Comprehensive Cancer Centre – the Arthur Child – ribbon is cut! ... service to cancer patients begins on Oct. 28




 REITs + TRUST NEWS 

+ Alignvest Student Housings Inc. (Alignvest REIT) agreed to a total portfolio sale to Forum Asset Management for $1.686 billion

+ Melcor’s ‘go shop’ period for Melcor REIT expired

+ 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 selling its 11-property office portfolio in Toronto and Ottawa; moving away from office focus




 INTERESTING TRENDS: MULTI-RES 

+ Alignvest Student Housings Inc. (Alignvest REIT) agreed to a total portfolio sale to Forum Asset Management for $1.686 billion

+ Armco Alberta/G2S2 acquired Bow Valley Square (1.4 million sq. ft.) from Oxford Properties

+ Harrison Street and Gracorp Properties are developing a 645 unit student housing project

+ Sienna Senior Living acquired an Alberta portfolio of 4 facilities/540 doors for $181.6 million




 INTERESTING TRENDS/NEWS: RETAIL 

+ Retail Council of Canada published Navigating the Future: A Study of Sales Strategies Challenges for Canada's Retail SMBs




 INTERESTING TRENDS: OFFICE 

+ Armco Alberta/G2S2 acquired Bow Valley Square (1.4 million sq. ft.) from Oxford Properties 

+ Slate selling its 11-property office portfolio in Toronto and Ottawa; moving away from office focus




  SHAREHOLDER / INVESTOR MEETINGS 

+ Oct. 23; NEI Investments, Unitholder Meeting, Toronto

+ Oct. 29; Falcon Oil & Gas Ltd., Special Meeting of Shareholders, Dublin

+ Nov. 6; April Therapeutics Inc., Special Meeting of Shareholders, Halifax

+ Nov. 13; Waverunner Capital Inc., Annual General and Special Meeting, Vancouver

+ Nov. 21; Killam Apartment REIT, Special Meeting of Unitholders, Halifax

+ Dec. 10; Dye & Durham Limited, Annual General 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 ]




 CHARITY GOLF EVENTS 

~ [please send your 2025 charity golf event notices to kolke@facilitycalgary.com ]




 UPCOMING EVENTS / SAVE THE DATE 

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

+ Oct. 24; The Fraser Institute Founders’ Award Dinner – honoring Jon Love, Fairmont Royal York, Toronto; info/tickets

+ Oct. 19; Calgary Real Estate Forum, TELUS Convention Centre; register

+ Oct. 28-29; Decentralized Energy Forum 2024, Whistler; register

+ Oct. 30; ESG Summit, Canada; Arcadian Court Toronto/virtual - info/register

+ Nov. 5-6; 2024 Smart Energy Vancouver, Vancouver – save the date;

+ Nov. 5-6; 2024 Canadian Aerospace Summit, Shaw Centre, Ottawa; info/register

+ Nov. 8; Calgary Construction Association - 80th Anniversary Gala, Westin Calgary; tickets

+ Nov. 12 & 13; HR Leaders Summit Canada, The International Centre, Toronto, register

+ Nov. 15; Classroom Champions, Concert for Classrooms with Barney Bentall & The Cariboo Express; Bella Concert Hall, Calgary – tickets on sale now

+ Nov. 21-22; Consulting Engineers of Alberta – Young Professionals Conference, Kananaskis Mountain Lodge; registration

+ Dec. 4-5; Real Estate Forum, Metro Toronto Convention Centre; Toronto; register

2025

+ Jan. 7-10; CES 2025 (Consumer Electronics Show, register

+ Aug. 11-14; Global Indigenous Languages Summit – WAVES 2025, Ottawa; save the date

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




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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