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+ file this under ‘dumb decisions’; Sand Mactaggart must be rolling over in his grave – he gave, of many donations, his home ‘Soaring’ to the University of Alberta who are now planning on demolishing the $26.0 million mansion; it’s a sad destruction of a legacy gift they should honor and preserve … tic toc

+ Alberta government investing $4.7 million in new farm waste-to-fuel project
+ ATCO Ltd. / Canadian Utilities Limited and the Vuntut Gwitchin First Nation completed Canada’s most northerly off-grid solar project in the remote Yukon community of Old Crow 
+ Canada’s approach – NRC is proposing two new carbon capture hubs; CCUS will be built, they hope, by private sector players incentivized by government tax credits that will, in turn, be funded by Canadians paying their carbon taxes; serious approach or election campaign tactic? … tic toc
+ capitalizing on ESG opportunities in real estate
+ Dave Yager challenges the science behind the IPCC Climate Reports
+ Emissions Reductions Alberta contributing $4.7 million for $28.6 million renewable fuel facility in Lethbridge
+ Government of Canada announced $310.0 thousand in funding for 44 electric vehicle chargers for Calgary and Edmonton
+ IMCO agreed to acquired 100% of Green Frog Power Ltd.
+ Imperial Oil Ltd. working on renewable diesel plant; new 40,000bbl/day hydrotreater will be on-stream in 2024 facility at Strathcona refinery will turn vegetable oil into diesel
+ Power Tap Hydrogen Capital Corp. acquired 49% of AES-100 Inc.
+ Shell Canada, B.C. and federal governments will each invest $35.0 million to create a Clean Energy Centre; will open this fall, location to be announced
+ TC Energy is switching to green power to run its North American pipelines
+ TransAlta Corporation completed its second of three ‘coal-to-gas’ conversions of power generation facilities at Wabumun; Keephills Unit 2 conversion is now complete at a capital cost $31.5 million
+ TransAlta Renewables Inc. to build a hybrid solar project for BHP Nickel West in Australia
+ TransAlta Renewables Inc. agreed to acquire 122 MW portfolio on solar facilities in North Carolina

+ Bird Construction Inc. agreed to acquire Dagmar Construction Inc.
+ Calgary to Banff passenger rail project – is it on track?
+ crane safety – look up, look way up!
+ Carbon Uncycling Technologies and Lafarge Canada teamed up; they’ll work on commercializing embedding carbon dioxide in concrete additives …
+ construction lien issues – Ontario’s trends/lessons learned
+ construction projects late and over budget
+ Deerfoot Trail improvement project – P3 short-list narrows the field
+ ECO Innovation Group expanding to Canada; will acquire Spruce Construction and operate as Spruce Engineering and Construction
+ GREEN LINE got a GREEN LIGHT; City of Calgary Green Line got a GOA approval and GOC funding commitment: $1.53 billion from each + $1.59 billion from the City of Calgary – largest infrastructure project in Calgary’s history
+ Hardwoods Distribution Inc. acquired Novo Building Productions for US$302.0 million
+ IKO Industries acquired Ross Roof Group
+ IKO Industries building a new $75.0 million plant in Missouri
+ Infrastructure BC issued a proposal call for Burnaby Hospital Redevelopment Project – Phase 1
+ Kontrol Technologies Corp. closes its $155.0 million acquisition of Global HVAC & Automations Inc.
+ new safety regulations for boom lifts
+ Notre Dame rebuild underway
+ PBA Group ‘topped off’ their Dorioan’ dual-flag hotel project
+ RAM Consulting acquired Encepta Corp. and Horizon Engineering Inc.
+ Stantec wins fighter jet facilities design assignment; Bagotville and Cold Lake
+ TC Energy in dispute with LNG Canada; could delay Coastal GasLink construction
+ TK Elevator acquired City Elevator
+ Tokyo Olympics facilities – check them out
+ Waste Connections Inc. acquired E.L. Harvey & Sons Inc.
+ 2026 Olympic Village design work awarded to SOM

+ Canadian Pacific Railway Limited published its CP Climate Strategy
+ BioHarvest Sciences Inc. published its inaugural Environmental Sustainability Report
+ Hines published its annual ESG Report
+ Inter Pipeline published its Heartland+Impact Report
+ NuVista Energy Ltd. published its ESG Commitment
+ Precision Drilling Corporation published is  Annual Corporate Responsibility Report
+ Recipe Unlimited published its 2020 Corporate Social Responsibility Report
+ Suncor Energy Inc. published its 2021 Report on Sustainability and Climate Report
+ Whitecap Resources Inc. published its 2021 ESG Report

+ American Vantage acquired two buildings in Montreal; to create a new campus

+ Brookfield Asset Management Inc. agreed to acquire Modulaire Group for US$5.0 billion
+ BPA expanding to Edmonton; merged with Clark Engineering
+ Edmonton’s Borden Park won the ‘best restroom in the country’ competition

+ in GTA; RioCan REIT and BentallGreenOak JV will involve co-investing in a three-property portfolio
+ in Mississauga; Edenshaw Developments partnering with Windsor Private Capital acquired TOD site at the Metrolinx Port Credit Mobility Hub
+ in Toronto; First Capital REIT formed strategic partnership with Pemberton Group to develop the 28-acre former Christie Cookie site
+ in Vancouver; Cohen and Bosa families team to redevelop former Army& Navy property
+ Windmill Developments and Epic Investment Services closed their first round of financing for One Planet Real Estate Fund LP1

+ EV Connected expanding to/within Canada
+ Government of Canada announced EV charger program for Alberta; similar pre-election announcements made for other provinces as well … tic toc
+ Loblaw Companies Limited is moving to electrify its fleet
+ Mercedes-Benz Canada’s EV charging strategy
+ Norway is leading-edge, and Couche-Tard’s Circle-K is planning a big push there for EV charging

+ Canada ICI Acquired MFCI Capital

+ Brookfield Asset Management Inc. has begun a sales process to sell PD Ports
+ Calgary Flames and the City of Calgary have agreed to each kick in $12.5 million toward the construction of the new arena project. Also, city entity Rivers District will no longer oversee the project … Total cost is now pegged at $608.5 million – construction to start in December, 2021 – completion August, 2024
+ Calgary Flames and City of Calgary finalized terms for the new arena project plan and budget
+ Calgary Parking Authority completed a 50,000 sq. ft. of office space within the 500 stalls parking garage new build; great design if you like pipes – but you have to wonder what City Council was thinking when the downtown core has so much vacant supply of both office space and parking capacity – because surely they saw the trends before they put a shove in the ground to build this. Oh yes, room for 99 bicycles too; the price tag is $80.0 million …
+ Canada Infrastructure Bank ‘to consider’ investing in the $1.0 billion Calgary-Banff rail plan … tic toc
+ Canada Lands Company announced a $50.0 million investment to revitalize the Old Port of Montreal
+ Concert-Bird Partners, a consortium comprised of Bird Capital Limited Partnership, Bird Design-Build Construction Inc., Concert Infrastructure Ltd., Ainsworth Inc., BR2 Architecture and Wright Construction Western Inc., selected by Alberta Infrastructure as the preferred proponent for the Design, Build, Finance, and Maintain (DBFM) contract for five Alberta high schools
+ Deerfoot Trail improvement project – P3 short-list narrows the field
+ EllisDon will lead the project – an unsolicited project proposal to the GOA; Prairie Link High-Speed Rail Project secured an MOU with the GOA to build a high-speed rail link connecting Edmonton and Calgary; this is a project that has been floated several times in the past without success – so, maybe, in the fullness of time, it could happen. The estimated capital cost is $22.4 billion. Here’s the key: right of way + many bridges/tunnels and interchanges, so it’s not so much the cost of the rails and cars – it’s having a clear path of travel. Like I said, ‘in the fullness of time’ …
+ Government of Canada entered into a deal to salvage the Muskrat Falls hydro project; $5.2 billion deal
+ GOC providing Calgary International Airport with $57.0 million from Transport Canada's Airport Critical Infrastructure Program for rehabilitation of the west runway
+ Infrastructure BC issued a proposal call for Burnaby Hospital Redevelopment Project – Phase 1
+ Innergex Renewable Energy Inc. commissioned its 225.5 MW Griffin Trail wind facility
+ Innergex Renewable Energy Inc. acquired an 18MW run-of-river hydro facility in Chile
+ Polaris Infrastructure Inc. in Nicaragua 10MW deal with Ormat Technologies Inc.
+ Soneil Investments acquired two GTA-east properties (3-buildings, 665,000 sq. ft. – 41 acres) for $120.0 million
+ Springbank Off-Stream Reservoir project – getting a go-ahead, finally … $168.5 million in federal bucks promised in 2019, now re-promised and yet to be delivered. The ten-year project will cost $2.0 billion, and if keep our fingers crossed the project will get started before the next flood … maybe. Best we should not hold our breath!

+ Cadillac Fairview has re-thought it’s East Harbour project; nine residential towers/4,300 unites on the former Unilever Soap Factory site in Toronto
+ Dream Impact Trust and Dream Asset Management Corp. acquisition now has them holding 100% of the 34-acre Zibi development project in Ottawa

+ Hyatt Hotels Corp. to acquire Apple Leisure Group from KKR & Co. led group for US2.7 billion
+ Gladstone House renovation of Toronto boutique hotel; Streetcar Developments and Dream Unlimited Corp. – the 55-key historical icon will reopen in September 2021
+ Hagerty Garage + Social – a clubhouse and storage facility, the car buff  ‘man cave’, opened in Toronto
+ Hotel Equities partnering in 172-key Marriott Courtyard flagged development in Nanaimo, BC

+ Axia Real Assets acquired three last-mile properties in Toronto for $25.5 million
+ Blackstone RIET agreed to acquire WPT Industrial REIT for $3.1 billion
+ Canadian Tired Corporation acquired 25% interest in Ashcroft Terminal Limited
+ Crestpoint closed its acquisition of a 200,000 sq. ft. portfolio in Ottawa for $50.0 million
+ Dream Industrial REIT agreed to sell a 75% interest in a portfolio of $620.0 million/20 U.S. industrial properties
+ Epic Investment Services acquired a 17-building portfolio in London, ON from Skyline Commercial REIT
+ ICM Asset Management started construction on a 46,500 sq. ft. build-to-suit project in Point Trotter Industrial Park in Calgary
+ Nexus REIT selling nine properties in four provinces for $359.0 million
+ NYZ Capital Corp. and Bluebird Self Storage JV will build a project in Montreal
+ Oxford Property Group agreed to acquire a U.S. portfolio (149 properties/14.5 million sq. ft./$2.8 billion) from KKR
+ Panattoni JV with Manulife Investment Management broke ground on a 584,124 sq. ft. spec build in Edmonton
+ Prysmian Group developing $7.0 million distribution facility in Prescott, ON
+ SmartStop Self Storage REIT opened a new Oshawa facility
+ Storagevault Canada Inc. closed $8.15 million acquisition of two GTA properties and two more for $8.7 million
+ Skyline Commercial REIT acquired 498,618 sq. ft. Canadian Tire distribution facility for $67.0 million
+ VersaCold Logistics Services closed its acquisition of a portfolio of cold storage assets from H&R REIT and Crescent Point Real Estate Investments Ltd.
+ Walmart Canada Corp. broke ground on a 232,000 sq. ft. distribution centre in Moncton

+ CareRx Corporation closed its acquisition of Medical Pharmacies Group Limited
+ Elna Medical are building out a 24,000 sq. ft. state-of-the-art medical complex at Cominar REIT’s Rockland Centre in the Town of Mount Royal
+ Levitee Labs acquired a portfolio of clinics and pharmacies in Alberta for $4.0 million from ACT Medical Centres Inc. and BlockMD Ltd.
+ Nova Leapt Health Corp. acquisitions of home care businesses in New England and Oklahoma

+ Blackstone Real Estate Group in JV with Selection Group to acquire a 13-property/3,548 units senior’s housing properties in Quebec
+ BSR REIT acquired 19 building/351 doors properties in Dallas/Fort Worth, Texas for $82.75 million
+ CAP REIT acquired 50% of a GTA portfolio (787-doors) it didn’t own for $159.0 million to now hold 100%
+ Firm Capital Property Trust acquired 50% interest in a 242-place manufactured home community for $107.0 million
+ Government of Canada/CHMC support for Rapid Housing Initiative $24.6 million/176 units in Calgary; similar pre-election announcements in most cities across the country … tic toc
+ Hazelview Investments Inc. launched joint-venture fund – Hazelview Ventures
+ Homestead Land Holdings acquired Island Park Towers (642 doors) in Ottawa for $267.0 million
+ K2 Group completed its acquisition of Riverside Living (25-doors)
+ Marlin Spring’s Greyspring Apartments acquired a 412-door project in Montreal
+ Merchant House Capital acquired Kinnaird Place (61-doors) in New Westminster, BC for $22.7 million
+ Tricon Residential Inc. is committing $575.0 million over three years to the single-family rental portfolio in the U.S. – 18,000 resale homes, $6.4 billion

+ Allied Properties REIT agreed to acquire the office portion of Place Gare Viger project in Montreal for $250.0 million
+ Oxford Properties Group and J.P. Morgan Global Alternatives sold One Memorial Drive (409,422 sq. ft./17-storey LEED Silver building) in Cambridge, Mass. for $1.05 billion to MetLife JV
+ Regus is pouncing on some available former WeWork sites in London and New York
+ Slate Office REIT agreed to sell Eva Road in Toronto for $34.0 million
+ UK government aiming at net-zero for its office premises; kudos to SNC-Lavalin for winning that gig

+ Parkit Enterprise Inc. acquisitions: expansion property in Toronto for $3.6 million, and another in Ottawa for $13.25 million

+ COO closed its Brazil Development Fund

+ Allied Properties REIT agreed to acquire the office portion of Place Gare Viger project in Montreal for $250.0 million
+ Blackstone RIET agreed to acquire WPT Industrial REIT for $3.1 billion
+ BSR REIT acquired 19 building/351 doors properties in Dallas/Fort Worth, Texas for $82.75 million
+ Dream Industrial REIT agreed to sell a 75% interest in a portfolio of $620.0 million/20 U.S. industrial properties
+ Epic Investment Services acquired a 17-building portfolio in London, ON from Skyline Commercial REIT
+ Firm Capital Property Trust acquired 50% interest in a 242-place manufactured home community for $107.0 million
+ First Capital REIT formed a strategic partnership with Pemberton Group to develop the 28-acre former Christie Cookie site in Toronto
+ First Capital REIT agreed to sell several assets - $224.0 million
+ First Street Market opened in Calgary
+ Flagship Communities REIT acquired manufactured home community in Illinois for US$16.3 million
+ Granite REIT invested $330.7 million to acquire several U.S. properties and 92.2 acres of industrial development land in Brantford, ON
+ Nexus REIT selling nine properties in four provinces for $359.0 million
+ RioCan REIT and BentallGreenOak JV will involve co-investing in a three-property portfolio in the GTA
+ Slate Grocery REIT closed its US$8.5 million acquisition of Kroger anchored property in Indiana
+ Slate Office REIT agreed to sell Eva Road in Toronto for $34.0 million
+ SmartStop Self Storage REIT opened a new Oshawa facility
+ Skyline Commercial REIT acquired 498,618 sq. ft. Canadian Tire distribution facility for $67.0 million
+ VersaCold Logistics Services closed its acquisition of a portfolio of cold storage assets from H&R REIT and Crescent Point Real Estate Investments Ltd.

+ across Canada, as re-openings post-COVID shutdowns is shaking out in several areas of difficulty for retailers: staffing up is difficult, and unsold previous season inventories for fashion retailers – while inventories are slow (sitting on the water waiting to unload container ships), increased freight costs/delays pose cash flow/liquidity problems are huge challenges for many retailers
+ across the pond – in the UK, Selfridges FOR SALE? … and time marches on
+ Alimentation Couche-Tard Inc. agreed to acquire Cape D'Or Holdings Limited, Barrington Terminals Limited and other entities, operating independent convenience stores in Atlantic Canada under the Esso, Wilsons Gas Stops and Go! Store brands
+ Alimentation Couche-Tard Inc. agreed to acquire 35 Porters locations in Oregon and Washington from
+ at home taken private
+ First Capital REIT agreed to sell its Towerlane Centre & Airdrie Village property as part of a portfolio deal
+ Foodtastic Inc. acquired Pita Pit Canada and Pita Pit International (460 locations)
+ Grand Touring Automobiles expanding its representation – in Calgary, and for the prairies; locations across three dealerships in Calgary  - Glendeer Circle and Heritage Drive: Aston Martin, Automobili Pininfarina, Bentley, Bugatti, Jaguar, Karma, Koenigsegg, Land Rover, Lamborghini, Lotus, Polestar, RIMAC, Rolls-Royce and Volvo
+ Ivanhoe Cambridge sold its Mic Mac Mall in Dartmouth, NS to Joe Ramia and Rank Inc.; Cushman & Wakefield will manage the property for the new owners
+ ICSC of old is no more; rebranding as Innovating Commerce Serving Communities ~ which is a weirdly contrived silly name to save the ICSC moniker without changing their domain; strikes me that R.I.P. would be a better name
+ JLL Canada is taking over management and leasing of the Canadian shopping centre portfolio owned by Ivanhoé Cambridge
+ Levitee Labs Inc. acquired three specialized pharmacies in Alberta
+ Nike opened a massive flagship store in Yorkdale Shopping Centre in Toronto; more locations planned
+ Putnam Investments is acquiring Toys ‘R’ Us Canada and Babies ‘R’ Us Canada from Fairfax Financial Holdings Limited; terms not disclosed
+ Wilson Sporting Goods opened its first-ever store in Chicago, entering the retail arena … tic toc

+ CBRE Group Inc. agreed to acquire 60% of Turner & Townsend Holdings Limited for $1.3 billion

+ Government of Canada agreed to invest $1.44 building in Telesat’s low earth orbit system – Telesat Lightspeed

+ businesses are struggling to find skilled talent
+ Deloitte’s hybrid return to office model
+ hybrid working increased productivity but adds pressures – for workers and leaders; Adecco Group white paper on resetting normal
+ is work from home more productive?
+ keeping remote staff happy
+ mental health watch – are leaders overlooked?
+ one in five Canadians postponing retirement …
+ promoting a fun workplace
+ returning to work – some employers requiring vaccination; RBC takes a stand
+ top HR leadership priorities for 2021
+ webinar fatigued? You’re not alone!
+ 56% of Canadian managers want employees fully back in the office

+ listings – FOR SALE, FOR LEASE – Calgary, Red Deer, and Edmonton markets
+ judicial sales foreclosure/court-ordered receiverships – commercial property Calgary, Red Deer, Edmonton, and Southern Alberta
+ property management: commercial and residential property management assignments/tasks; lease enforcement, negotiation of renewals, single properties, and small portfolios
 
~ call me to discuss your requirements: Mark Kolke, 403-444-6939
~ or email me: kolke@markkolke.com

~~~~~~~~~~~~~~~~~~~~~ 
 
PLANDflex Corporation -  Mark Kolke, President / Publisher
Agent/Realtor/Property Mgr. - under contract to MaxWell Capital Realty
 
→  6204B Burbank Road SE, Calgary, AB T2H 2C2
→ Phone: (403) - 253-2450 / (403) - 444-6939
→  SELL-Phonel/Text: (403) - 312-8359
 
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