FACILITYCalgary

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FACILITYCalgary May 30/23

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conversations:
Mark Kolke talks with interesting Calgarians about what drives them, about what they see . . .  
 
This week's conversation with Robert Hawkes, Partner at Jensen Shawa Solomon Duguid Hawkes LLP Barristers
 
 
 Last week's conversation with Mike Kerr, Principal at Davies Park Executive Search
 
 
 

Mark Kolke's 2013 - Calgary office leasing market outlook

SHAKERS AND MOVERS

 

+ Andreas Pohlmann to Chief Compliance Officer @ SNC-Lavalin
+ Bruce March to Sr. VP Global Operations @ ExxonMobil Chemical Company
+ Creties Jenkins to Partner @ Rose & Associates LLP
+ Darcy Payne to Señor Director, Leasing Calgary @ Triovest
+ Dr. Jeremy Gruschow to General Counsel @ Oncolytics Biotech Inc.
+ Hon. Clyde Wells to Counsel @ Cox & Palmer
+ Jocelyne Mui to Associate @ Caron & Partners LLP
+ Lawrence Schembri to Deputy Governor @ Bank of Canada, replacing Jean Boivin
+ Paulo Maia to Pres. & CEO @ HSBC Bank Canada
+ Rich Kruger to Pres. & CEO @ Imperial Oil Limited
+ Thomas Love to VP Finance & CFO @ Madalena Ventures Inc.
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

FINANCINGS - proposed & closed

 

+ Agellan Commercial REIT closed $16,592,910 over-allotment of its recent IPO
+ American Hotel Income Properties REIT closed $95.7 million IPO
+ Archer Petroleum Corp. is on the market to raise $600 million
+ Bell Alian closed $30 million over-allotment of its recent preferred share issue
+ BTB REIT closed $20 million convertible debt financing
+ DualEx Energy International Inc. is on the market to raise $3million+ common share & warrants issue
+ Forent Energy Ltd. closed $1.5 million equity issue
+ Genoil Inc. closed $200,180 equity financing
+ Imaging Dynamics Company Ltd. is on the market to raise $1,380,000 in new equity
+ Manulife Financial Corporation closed a $200 million in subordinated debt financing
+ MEG Energy Group closed $300 million additional debt financing
+ Morguard North American Residential REIT is on the market to raise $95 million in new equity
+ Morguard North American Residential REIT is on the market to raise $60 million in convertible debt
+ NCE Diversified Flow-Through (13) Limited Partnership closed $100 million tranche of its new equity issue
+ Oncolytics Biotech Inc. closed US$32 million in new equity issue
+ Petrowest Corporation secured $50 million credit facility
+ Power Financial Corporation closed $300 million preferred share issue
+ Rift Energy Corp. closed $10 million equity financing
+ Summit Industrial Income REIT closed $75.1 million equity financing
+ Tourmaline Oil Corp. is on the market to raise $202,862,500 in new equity
+ TransCanada Corporation is on the market to raise $600 million in a preferred share issue
+ Tricon Capital Group Ijnc. Closed $75 million convertible debt financing
+ Wellstar Energy Corp. closed $532,675 equity financing
+ Western Plains Petroleum Ltd. is on the market to raise $350,000 in equity
+ 3MV Energy Corp. closed $2 million debt financing

 SAVE THE DATE / upcoming events

 

 

+ Feb. 26-27; 2nd Annual Shutdowns Fort McMurray Conference, Fort McMurray info/register
+ Mar. 5; Alberta Legislature begins its spring sitting, Edmonton
+ Mar. 5; CCAT’s 3rd Annual Innovation Summit, Innovate Calgary
+ Mar. 12-13; 13th Annual Arctic Oil and Gas Symposium, Hyatt Regency, Calgary info/register
+ Mar. 26; Canada’s Energy Technology Blueprint Summit, TELUS Convention Centre info/register
+ Apr. 9; Vancouver Real Estate Forum, Vancouver Convention Centre West
+ Apr. 9 & 10; Calgary – Construction Financing Course, Mark Kolke Course Leader, 11 presenters -  info/register
+ Apr. 11, 2013 – Vancouver Real Estate Forum, Vancouver Convention Centre West, SAVE THE DATE
+ Apr. 16-17; PSAC Spring Conference, Sheraton Hotel, Red Deer info/register
+ Apr. 22; PTAC Tight Oil & Gas Forum, Calgary Petroleum Club, info/register
+ May 9; Edmonton Real Estaet Forum, Edmonton Convention Centre
+ May 29; Calgary Real Estate Leasing Conference, Telus Convention Centre, Calgary
+ May 29-31; Pathways 2 Sustainability Conference, Telus Spark Centre, Calgary info/register
 
[send us your event notices to:  kolke@facilitycalgary.com ]

 SHAREHOLDER MEETINGS

 

+ Feb. 28; Royal Bank of Canada, Annual and Special Meeting of Common Shareholders, Calgary
+ Mar. 11; Servus Credit Union, Annual General Meeting, Edmonton
+ Mar. 26; KEYreit, Special Meeting of Unitholders, Toronto
+ Apr. 23; Celistica Inc., Annual General Shareholders Meeting, Toronto
+ Apr. 23; Canadian National Railway Company, Annual General Meeting of Shareholders, Edmonton
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]

FACILITYCalgary
 published every Tuesday morning

NEWS TODAY 
 February 26 / 2013 

 

+ Bank of Canada Governor predicting interest rate rise coming due to slow growth in last quarter 2012
+ Cequence Energy Ltd. agreed to acquired $23 million in Montney assets from Donnybrook Energy Inc.
+ current energy prices: live link to Bloomberg.com commodities data ; demand for crude struggling to catch up to supply, little change as equities drop; natural gas prices firming
+ CNOOC Limited completed is $15.1 million acquisition of Nexen Inc.; Kevin Rienhart affirmed to continue as CEO
+ European crisis looming again/still; Britain’s credit downgraded, Euro down, Portugal in trouble still, Italy shaky as elections leave no clear winner, sending markets tumbling over uncertainty about the country's huge debt .. tic toc …
+ Government of Alberta cancelled its carbon capture and storage deal with Swan Hills Synfuels; $285 million project shelved due to low natural gas prices

 NEWS REVIEW 
 Feb. 19 - 25 

 

+ Allied Properties REIT agreed to acquired Vintage I & Vintage II buildings for $110 million
+ Anadarko Petroleum Corp. announced its CapEx Budget for 2013 of $7.2 billion
+ Anterra Energy Inc. and Terrex Energy Inc. amended terms of Anterra’s takeover arrangement of Terrex
+ ATB Financial – Daily Economic Comment
+ B.C. government advertised to solicit interest in another west coast LNG site at Grassy Point north of Prince Rupert amid electioneering by Premier Clark who is touting large revenues to be generated by taxing exported natural gas
+ Chesapeake Energy agreed to sell its stake in its Mississippi Lime play to Sinopec for $1.02 billion
+ Crombie REIT agreed to acquire of $132 million in Alberta retail properties (Edmonton, Lethbridge and Fort McMurray)
+ ExxonMobil Canada Ltd.’s takeover of Celtic Exploration Ltd. got federal government clearance
+ Genalta Power Inc. to build 4MW power generating facility for Shell’s Peace River oil sands operation
+ Mainstreet Equity Corp. adopted a shareholder rights plan
+ Pure Industrial REIT closed $32.3 million acquisition industrial property
+ PwcC Management Services LP issued a its 2012 banking industry report
+ Talisman Energy cut 90 jobs in Calgary relating to its North American Operations; further layoffs to follow …
+ TriOil Resources Ltd. approved a new shareholder rights plan while continuing with its strategic alternatives process
+ True North Apartment REIT closed $63.8 million portfolio acquisition of 1,570 suites (Ontario, Quebec, Alberta & BC)
+ Western Energy Services Corp. agreed to acquire IROC Energy Services Corp., $197.3 million
+ WorleyParsons to acquire Norway’s Bergen Group Rosenberg for $194 million
+ Zargon Oil & Gas Ltd. announced its 2013 CapEx Budget of $ 78 million

 INFRASTRUCTURE / P3 / GREEN


+ National Music Centre project broke ground; 160,000 sq. ft. will be anchored by former King Eddy Hotel – total project will be $150 million. $97 million raised to date . . .

+ University of Saskatchewan is, again, floating an RFP call for a hotel/commercial development on its NE campus precinct ….. which is interesting because Saskatoon is the flavour of the week, but … with 5 hotels under development in Saskatoon, one has to wonder if the market can support a 6th

+ Calgary city council approved $245 million downtown central library to be build in the East Village area redevelopment; architect to be selected by September, naming rights to me marketed

+ Mayor Nenshi continues his dust-up with the development community, bouncing Canadian Home Builders Association rep. from city committees because he didn’t like comments CHBA Pres. made in a speech admonishing the planning department – and, by inference, Rollin Stanley’s mixed messages to the industry. Nenshi demanded an apology.  Council seems to feel differently – stay tuned . . .


+ Partnerships BC published a paper Let’s Make A Deal , takes a look at why the U.S. isn’t better at P3 . . .

 QUOTES

“It’s a recession when your neighbour loses his job; it’s a depression when you lose yours.” – Harry Truman

“I once had a rose named after me and I was very flattered. But I was not pleased to read the description in the catalogue: no good in a bed, but fine up against a wall.”  - Eleaonor Roosevelt

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FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

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