FACILITYCalgary

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

FACILITYCalgary June21/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP

 FOR SALE -  Eau Claire Estates condo 


CLICK HERE FOR VIRTUAL TOUR

JUST LISTED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000; contact Mark Kolke or Jamie Giszas

 


 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June 8-12, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

 

+ Check out this year’s GLOBAL ENERGY AWARDS winners


Upcoming Webinars:

+ tba 




 Classified advertising: 

+ CBI Newsletter – click here to sign up for it

“Cat’s Pick is a community based newsletter, that includes career postings; community, industry and networking events.”




PUT YOUR 
ADVERTISEMENT HERE
 request details/rate quotes:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



CONVERSATIONS

A recent conversation with Deb Sands, Pres. @ Priority Leasing Ltd.

Click here to access the archive (2012-2020) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrew Parks to Interim CEO @ Braingrid Limited

+ Andy Mukherjee to Sr. VP LNG @ Pieridae Energy Limited

+ Barry Taitinger to Managing Director, Diversified Industries, Canadian Commercial Banking @ BMO – Bank of Montreal

+ Bryce Stewart to Associate Deputy Minister of Health @ Government of Alberta

+ Chris Arthur to Exec. Dir. & Chief Project Officer, Facilities and Real Estate @ Vancouver Coastal Health

+ Daniel Arbour to VP, Major Projects @ Groupe Mach Inc.

+ Doug Schweitzer to Minister of Jobs, Economy and Innovation @ Government of Alberta

+ Dr. Lisa Calder to CEO @ Canadian Medical Protective Association

+ Eve Renaud to Retail Advisor/Associate @ Scout Real Estate Ltd.

+ Ian Klassen to Director @ XORTX Therapeutics Inc.

+ Karl Johannson to Chair @ Alberta Electric System Operator

+ Kaycee Madu to Minister of Justice @ Government of Alberta

+ Kifah Alramahi to Assistant Director of Admissions/Campus Support @ CDI College

+ Jay Park to Chairman @ Reconnaissance Energy Africa Ltd.

+ John Rim to CFO @ Quarterhill Inc.

+ Kim Levesque to Pres. @ SPI Health and Safety

+ Kevin Sullivan to Director  @ Epic Investment Services

+ Laurae Spindler to VP/Associate @ Scout Real Estate Ltd.

+ Lynn Newton to Personal Risk Specialist @ Toole Peet Insurance

+ Mark Carney to Vice-Chair & Head of ESG @ Brookfield Asset Management

+ Mark Salkeld to Bus. Dev. Mgr. @ Katch Kan

+ Martin Kent to Interim CFO @ Kensington Capital Partners Limited

+ Michelle Dulmadge to Exec. Director @ Bethany Care Society

+ Patsy Cheng to Property Mgr. @ Hopewell Development

+ Peggy Montana to Director @ Gibson Energy Inc.

+ Richard Collin to Director of Finance @ IBEX Technologies Inc.

+ Rocco Monteleone to VP, Bus. Dev. @ Cloud4C

+ Rona Ambrose, Director @ Manulife Financial Corporation, resigned

+ Ryan Povey to Assoc. Dir. @ Turner & Townsend

+ Salma Lakhani, installed as Lieutenant-Governor @ Government of Alberta

+ Sarah Bennewies to Sr. Purchaser, Aecon Water Infrastructure Inc. @ Aecon Group Inc.

+ Scot Evans to CEO @ Reconnaissance Energy Africa Ltd.

+ Suganya Tharmalingam, Managing Dir. & CFOR @ Kensington Capital Partners Limited, left the company

+ Tanya Fir, Minister of Economic Development, Trade and Tourism @ Government of Alberta, removed form Cabinet

+ Tracy Allard to Municipal Affairs Minister @ Government of Alberta

+ Vito Paladino to Pres. @ Audi Canada

~

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




 MEMORIAM 

+ Michael Lockwood; rancher, Calgary Stampede volunteer, lawyer; 63

+ Tommy Joe Coffey; legendary two-way CFL player/place-kicker (Edmonton Eskimos, Hamilton Tiger Cats), 7-time all-star & Hall of Famer; 83




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ is it too dangerous to bring staff back to the office?

+ 8 in 10 want better work/life balance




 SAVE THE DATE / upcoming events

+ Sept. 7-11; Gastech Virtual Summit, info/program/register

+ Sept. 16-17; Lloydminster Heavy Oil Show, Lloydminster, Agricultural Exhibition Association, Lloydminster; info/register

+ Sept. 29-30; Business Transitions Forum, Westin Edmonton; info/registration

+ Sept. 30; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct. 21; Alberta Real Estate Forum, Edmonton; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

+ Oct. 28-29; BOMEX VIRTUAL 2020, 20th Annual Building Excellence Summit; info/register

+ Oct. 29-30; Business Transitions Forum, Westin Calgary; info/registration

+ Nov. 6; 6th Annual Barney Bentall and Cariboo Express/Peter Burgener Memorial Charity Concert benefit for Classroom Champions; save the date/information

+ Nov. 25-27; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

~

2021

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ June 5;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; watch for sign up details

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

+ June 14-16; NeoCon, theMart, Chicago; info

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada Green Building Council (CaGBC) 2020 Awards Winners

+ Government of Canada is investing $2.0 million in the City of Calgary’s willow plantation program; part of the biosolids program

+ Global Cement and Concrete Association – targets carbon neutral future




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 QUOTES 

+ There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else. – Sam Walton

+ An economist's guess is liable to be as good as anybody else's. – Will Rogers




 KUDOS 

+ to University of Calgary/Stuart Olson/Entuitive/Dialog – the MacKimmie Complex won a Canada Green Building Council 2020 Green Building Excellence Award


↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE






 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID stats | Alberta deficit | Calfrac fray update | Communauto opens in Calgary | Keyera Wapiti outage | Obsidian takeover of Bonterra | Whitecap acquiring NAL + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

Visit: https://www.incito.ca/
~
E-mail:  inspire@incito.ca

EXECUTIVE COACHING



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



RETAINED EXECUTIVE SEARCH - For more information, click here.



Visit: Levvel.ca
~
E-mail: connect@levvel.ca
~
OUR SERVICES



Visit: https://falkbuilt.com/
~
E-mail: thom.hinton@falkbuilt.com
~
DIGITAL COMPONENT CONSTRUCTION



The Level - SETON, ROHIT COMMERCIAL

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



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



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.

CLICK HERE to sign up for Housing Truth newsletter 

CONTACT MARK KOLKE 
RESIDENTIAL SALES



PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services


Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales


Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

- net lease administration

- multi-family residential


Commercial Agent | Property Manager /
  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales

Mark Kolke – Agent/Property Manager

Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell Capital Realty


CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



  South-Calgary 2nd floor Design/Office space FOR LEASE 


 123 Forge Road SE, Calgary 


~ 2nd floor office suite, elevatored

~ Suite #200, 9,268 sq. ft. / full floor

~ options; for multi-tenant:

-          3,315 sq. ft.

-          3,515 sq. ft.

~ surface parking, ~ transit nearby

~close to Glenmore Trail, Fairmont Drive and Chinook Centre

~ market rental rate

~ available September 2020

~ contact Mark Kolke, or call your agent


CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 11; Alberta Treasury Management Charity Classic – in support of Big Brothers Big Sisters of Calgary and Area, Canmore Golf & Curling Club; info/registration

+ Sept. 15; 20th Annual Oil Sands Charity Classic, Miskanaw Golf Course, Fort McMurray; info/register

+ Sept. 17; Ronald McDonald House Alberta Charity Golf Classic, 20th Anniversary; Silvertip Golf Resort, Canmore; info/register

+ Sept. 18; Alberta IoT Getting Back to Business Golf Tournament, Apple Creek, Rockyview Country; info/register/sponsor

+ Sept. 28; 31st Annual 65 Roses Ladies Golf Classic in support of Cystic Fibrosis Canada, Earl Grey Golf Club, Calgary; info/register or, email info@cfcalgary.ca

+ PLEASE SEND US YOUR 2021 tournament details for posting here!

~

[please send your 2021 charity golf event notices to  kolke@facilitycalgary.com ]




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2020 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com

http://facilitycalgary.com

http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher



↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE


NEWS SUMMARY 
 Aug. 25 ~ Sept. 1 / 2020 


+ Alaris Royalty Corp. got shareholder approval for its conversion to an income trust; to be named Alaris Equity Partners Income Trust

+ Alberta COVID-19 stats: 239 deaths, 1,370 active cases of 13,902 cases to date: aggregate Alberta data – currently, 44 Albertans are in the hospital with COVID-19, and 8 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, allowing many more businesses to re-open and allowing a wider range of public gathering activities started June 12th; state of public health emergency status for Calgary, and for Alberta, now lifted. The maximum size of outdoor gatherings has been raised to 200 ~ Stage 3 still to come

+ Alberta schools re-opening; school boards offering classroom and online learning – parents seem widely divided on their wishes, educators say they are ready … tic toc

+ Alberta financial update; Finance Minister Toews, in his 1st qtr. Update is forecasting a $24.2 billion deficit for the fiscal year ending March 31, 2021 …

+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board

+ a NEW publication; PROPERTYlines – launched Aug. 15th; CLICK HERE to CHECK OUT THE INAUGURAL AUGUST ISSUE; next issue Sept. 15th

+ back to school for K-12 students begins this week; concerns are abundant around the province as physical distancing guidelines have been altered; parents, teachers, administrators, and students are in for significant adjustments … tic toc

+ Boyuan Construction Group Inc. got shareholder approval for its going-private transaction

+ Calfrac fray continues; Calfrac Well Services Ltd. war or of words between the company and Wilks Brothers regarding a proposed recapitalization continues unabated/heated-up; latest volley from Calfrac ; latest volley from Calfrac -and Calfrac has stalled Wilks efforts in Texas courts

+ Canada – Trudeau government providing $2.0 billion to provinces to support a safe return to school; extended two pandemic business loan programs; the $40K/Canadian Emergency Business Account loans extended to Oct. 31, and Business Credit Availability Program for larger businesses extended to June, 2021

+ Communauto launched a car-sharing service in Calgary; Communauto FLEX; 150 cars initially deployed in Calgary

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up to highest levels since March on rising global demand, disruption to Gulf of Mexico storm production, and raised industry forecasts for price; Henry Hub natural gas prices based on hot weather demand

+ Enbridge Inc.’s offshore natural gas pipeline in the Gulf of Mexico is offline, as force majeure declared for Garden Banks and Nautilus lines; damage from hurricane Laura is being inspected/repaired

+ Just Energy Group Inc. got approval for its recapitalization plan

+ Keyera Corp. experienced an unplanned outage at its Keyera Wapiti Gas Plant; cause, repair costs, and timing till operations resume is uncertain … tic toc

+ Obsidian Energy Ltd. in discussions with Bonterra Energy Corp. for a friendly takeover/combination in an all shares transaction … tic toc

+ rig activity in Canada

+ rig counts (active/working) – U.S.: no change/254 this week; Canada: down 2 of 54 this week; full breakdown

+ Whitecap Resources Inc. agreed to $155.0 million agreement to acquire NAL Resources Limited in an all-shares transaction




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Aereus Technologies Inc. closed $2.644 million equity financing by private placement

+ Boralex Inc. closed $201.0 million equity financing

+ BSR REIT closed US$40.0 million convertible unsecured debt financing

+ Chemtrade Logistics Income Fund closed $75.0 million convertible unsecured debt financing

+ Dispatch Coffee closed $1.26 million equity financing

+ First Capital REIT is on the market to raise $200.0 million in sr. unsecured debt

+ First Energy Metals Ltd. is on the market to raise $2.0 million in equity by private placement

+ Plexus Technology closed $5.5 million equity financing

+ Summit Industrial Income REIT closed $172.5 million equity financing

+ SWTCH Energy Inc. closed $1.1 million equity financing

+ Tricon Capital Group Inc.’s Tricon Residential Inc. secured $395.0 million equity financing by private placement

+ UrtheCast Corp. secured US$1.0 million debt 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 or non-arm’s-length transactions …




 SHAREHOLDER MEETINGS

+ Sept. 9; HMH China Investments Limited, Annual General Meeting, Niagara Falls, NY

+ Sept. 10; Covington Venture Fund Inc., Special Meeting of Shareholders, Toronto

+ Sept. 14; Pipestone Energy Corp., Annual General and Special Meeting, Calgary

+ Sept. 15; Cequence Energy Ltd., Meeting of Secured and Unsecured Creditors, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Sr. Unsecured Noteholders Meeting, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Shareholders Meeting, Calgary

+ Sept. 17; Medexus Pharmaceuticals Inc., Annual General Meeting, (virtual only)

+ Sept. 17; Stuart Olson Inc., Special Meeting(s) of Security Holders, (virtual only)

+ Sept. 19; Fonds de solidarité FTQ, Annual General Meeting, (virtual only)

+ Sept. 28; 49 North Resources Inc., Debentureholder Meeting, Saskatoon

+ Oct. 15; Clarke Inc., Special Meeting of Shareholders, Halifax

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

~

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Global Cement and Concrete Association – targets carbon-neutral future

+ PCL/Overland starting work on $1.5 billion Kineticor Resource Corp.’s Cascade gas plant (900MW power capacity)

+ sensors gaining acceptance in the concrete world

+ University of Calgary/Stuart Olson/Entuitive/Dialog – the MacKimmie Complex won a Canada Green Building Council 2020 Green Building Excellence Award




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ ARC Resources Ltd. published its 2020 ESG Report

+ Gibson Energy Inc. published its inaugural submission to the CDP – Climate Change Questionnaire 2020




 INFRASTRUCTURE + P3 


+ BCIMC and Brookfield Infrastructure Partners L.P. acquired 100% of a telecom tower company in India; US$3.4 billion




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES ...


+ Trump International Hotel in Vancouver is closed; hotel operator RA Hotel Management Partnership Ltd. filed for bankruptcy




 INTERESTING RETAIL TRENDS ...


+ Bed Bath & Beyond Inc. cutting 2,800 jobs in its reorganization at it closed 200 stores

+ Costco opened its latest Calgary store on Tsuut’ina lands/former Buffalo Run golf course; 150,000 sq. ft. store

+ JC Penney negotiations with its landlords (primary landlords are Simon Property Group and Brookfield Property Partners LP) at an impasse/stalled; meanwhile negotiations to sell the whole enterprise to others have proven unsuccessful … time is not their friend

+ J. Crew Group got its reorganization plan approved; will emerge from Chapter 11 in early September – converting US$1.65 billion in debt to equity, secured US$800.0 million in new financings after reaching agreements with landlords to improve lease terms on its 481 stores




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ Regus Corporation subsidiaries, Chapter 11 Debtors owing $433.0 million to Regus Corporation are in the glue due to COVID related business downturn; filings in Canada piggyback on U.S. Chapter 11 filings




 this week in REITS + TRUSTS 


+ CAP REIT agreed to acquire two apartment properties (301 doors) in London, ON and Sarnia, ON for $50.0 million

+ InterRent REIT acquired a 723-door/ five-building portfolio (London and Hamilton, ON) portfolio for $170.7 million


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com