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+ Alberta re-thinking coal policy after public protest of proposed Grassy Mountain - mountain top mine
+ Boralex Inc closed the acquisition of 20MW Sky High solar farm in NY state
+ CK Group’s sub. Canadian Power Holdings Inc. agreed to acquire two wind-powered facilities (30MW) in the Okanagan; terms not disclosed
+ Drax Power Ltd. agreed to acquire Pinnacle Renewable Energy for $385.0 million
+ Lehigh Cement et al are making low-carbon cement; collaborators are using captured CO₂
+ new priorities for Canada Infrastructure Bank – statement by the Minister
+ rooftop solar power has a powerful message
+ the federal government electricity procurement process – with Alberta solar emphasis, is a government program full of complexity just to apply … for a great dissection on ‘how-to’, check out this paper from Osler
+ Power Sustainable Capital VJ launching $1.0 billion renewable energy platform
+ Sharc Energy landmark deal to power wastewater recovery system
+ Total SE acquiring 20% of largest solar developer for US$2.5 billion
+ TransAlta Corporation completed the first of three-coal fired plants from coal-to-gas boiler conversions
+ 2021 Global 100 – most sustainable companies list published by Corporate Knights; Stantec is #5 – congrats! … there are 13 Canadian companies on this year’s list

+ Atlas Engineered Products Ltd. acquired ZyTech Building Systems LP
+ Bell upped its CapEx budget for fibre opportunities for contractors by $1.0 billion
+ catch the view – northern lights in Norway; what a view from the harbour
+ CN logistics hub in Milton, ON is a go
+ design competition; Block 2 in Ottawa parliamentary project
+ finalists were chosen for the 2020 Canadian Construction Photo Contest
+ Lite Access Technologies Inc. agreed to acquire AMEC Cutting & Coring Limited
+ Metro Paving and Roadbuilding Ltd. et al in receivership; BDO appointed receiver
+ Nova Scotia spending $500.0 million on roads this year
+ OMG, I’ve never been to Greece, but now I have a reason to go; I want to visit this house – or maybe I should build one here …
+ Ontario non-essential construction shut down …
+ shortlist of three for $62.0 million high school project in Duncan, BC
+ Suncor restarted construction on emissions-cutting projects
+ technology on job site trends
+ top 10 construction trends to watch this year

+ CDN Controls Ltd. published its 2020 ESG Report
+ Energir L.P. released its first-ever Climate Resiliency Report
+ Flagship Communities REIT published its Inaugural Sustainability Report
+ North American Construction Group. Ltd. published its first its inaugural 2021 Sustainability Report

+ tallest new building in 2000? – 179 units, Central Park Tower in Manhattan at 1,549 feet!

+ Daymak partnering with Extreme Vehicle Battery Technologies Corp. to leverage battery distribution
+ EV charging coming to Nanaimo Airport
+ GM investing $1.0 billion in EV plant in Ingersoll, ON
+ new charging stations in Surrey

+ Alberta government is exploring a sell-off/privatization of its land titles and corporate registry services; a 35-yr. concession is being explored … tic toc

+ the Highly Affected Sectors Credit Availability Program (HASCAP) is rolling out for eligible businesses to apply; as before the government has delegated this to banks to vet the applications and disburse funds: BMO, CIBC, Scotiabank – other banks are rolling our their programs as well, but at press time those are the ones we have
+ the Large Enterprise Emergency Funding Corp. (LEEFF) loans are finally connecting rubber and road; Goodlife Fitness Centres Inc.-$310.0 million and Sunwing Vacations-$375.0 million both announced those funding arrangements, so I hope their landlords are getting paid …

+ Boralex Inc. closed the acquisition of interests in 7 solar plants (118MW net to Boralex) for $277.0 million and, closed the acquisition of 20MW Sky High solar farm in NY state
+ Brookfield Infrastructure agreed to sell Enwave, its North American district energy business for US$4.1 billion
+ CK Group’s sub. Canadian Power Holdings Inc. agreed to acquire two wind-powered facilities (30MW) in the Okanagan; terms not disclosed
+ Ferrovial Servicios and Ca Mata landfill – massive landfill gas-to-biomethane project in Spain
+ Government of Alberta is testing the water; they’ve issued a call for Expressions of Interest to outsource the operation of Land Titles, Corporate and Personal Properties Registries – a 35 yr. concession is contemplated: Sale Of A Concession (Select Registries of Alberta) … tic toc
+ new priorities for Canada Infrastructure Bank – statement by the Minister
+ Maple Reinders achieved financial close to its Harbour city Renewables P3 project in Halifax; DBOOT P3 for 25-35 yr. concession
+ Northland Power Inc. agreed to acquire 49% interest in 1,200MW capacity Polish off-shore wind project
+ Ottawa Public Library and Archives Canada – the joint facility will be LEED Gold; will open in late 2024 – the look will be stunning; facts like size and budget are omitted from their press release … tic toc
+ Power Sustainable Capital VJ launching $1.0 billion renewable energy platform
+ University of Lethbridge issued an Expressions of Interest call; 51,429 sq. ft. Community Centre for Wellbeing – for development and commercialization

+ Greybrook Realty Partners and Tribute Communities acquired a five-property assembly in Toronto (Davenport Road and Avenue Road) for $84.0 million

+ BGP Acquisition Corp. is raising money for a SPAC to acquire hotels
+ Calgary Hotel Association strategy – convert excess capacity to affordable housing
+ not all hotels are struggling: Jasper Park Lodge has all 464 rooms sold for a 9-week booking; reported to be for filing a TV show, but even if it’s just a large ski-group, it’s a sweet business for the hotel

+ Emergia Inc. led JV agreed to purchase a 100-acre development site in Alliston, ON for $15.7 million
+ Genesis Land Development Corp. agreed to acquire 157-acre site in Belvedere for $29.15 million

+ Amazon Canada adding two sorting and three delivery facilities in Quebec; the first two are 520,000 sq. ft. in Coteau-du-lac and 200,000 sq. ft. in Longueuil 
+ an addition to the last-mile logistics bandwagon: ElmTree Funds and Guggenheim Investments will play with a US$600.0 million fund to acquire e-commerce properties
+ BentallGreenOak closed its acquisition of 90,000 sq. ft. Brooklyn, NY property, leased to Amazon
+ Crestpoint Real Estate Investments Ltd. acquired Northport Business Park ( 846,000 sq. ft. in buildings, 16.5 acres of storage lands, and 42.8 acres of excess developable land) in Edmonton from Oxford; terms not disclosed
+ Dream Industrial REIT acquired 525,922 sq. ft distribution facility with expansion land in Montreal from Vista Properties and Groupe Quint for $114.0 million
+ if robots are filling the orders at the fulfillment center, who needs a staff parking lot?
+ Oxford Properties Group is acquiring M7 Real estate to deploy $5.23 billion in multi-tenant industrial and urban logistics properties in Europe
+ Strategic Storage Trust IV Inc. opened its 16^th GTA location
+ TFI International Inc. agreed to acquire the key freight business of United Parcel Service, UPS Freight, for US$800.0 million
+ The Milton Logistics Hub project planned by CNR got environmental approval with ONLY 325 conditions!

+ ELNA Medical completed its acquisition of PrivaMed Clinics
+ Think Research Corporation closed its acquisition of Clinic 360 Inc.

+ Merchant House Capital Inc. acquired Kinnaird Place (61-units) in downtown New Westminster; terms not disclosed
+ Nicola Wealth launched plans to develop 407-door rental project in District of Saanich
+ Telus and Omicron are planning a $70.0 million/197-door project in Nanaimo

+ in Edmonton, Redstone Group acquired Canadian Bank Place (30-storey/408,983 sq. ft.) for $85.3 million from BentallGreenOak
+ in Edmonton; legendary iconic CN Tower property conveyed to Trez CN Tower Holdings Ltd. for $64.1 million – the loan-to-own dynamic reminiscent of the 1980s in Alberta … tic toc … we’ll like see more like this one
+ office vacancy in Calgary climbing – predicted on a trajectory to cross 30% according to Avison Young report on anticipated bumps in vacancy due to mergers and COVID-19
+ Soneil Investments closed $115.0 million acquisition of two office properties (375,000 sq. ft. / Class A space in Markham, ON
+ wholly-smokes, that’s a big deal: KingSett renewed Scotiabank’s lease at Scotia Plaza – the kind of normal-course transaction landlords expect, but truly stunning in the middle of a pandemic; Scotiabank will renew for 560,000 sq. ft. and will give back the top floor in 2023 … austerity indeed! Kudos to owners KingSett and AIMCo

+ Canada Life investing in UK parking garage in Southampton; 1,000 stall / £26.5 million investment on a 40-year leaseback

+ CPP Investment Board partnering in Brazil multifamily development venture
+ OMERS betting on Asia markets
+ PS Investments and Pretium JV investing US$700.0 million in single-family rentals in SE and SW states
+ QuadReal Partners in JV with Charter Hall to develop office towers in Brisbane, Australia

+ Alignvest Student Housing REIT – news; will partner in JV to create Academic Assets Inc.
+ American Hotel Income Properties REIT LP entered into a JV with BentallGreenOak Real Estate Advisors LP; $50.0 million equity investment billed as ‘for growth’ rather than solving problems …
+ Dream Industrial REIT agreed to acquire a $465.0 million portfolio of assets in Canada, Europe, and the United States
+ Dream Industrial REIT acquired 525,922 sq. ft distribution facility with expansion land in Montreal from Vista Properties and Groupe Quint for $114.0 million
+ Flagship Communities REIT closed its US$6.05 million acquisition of two new U.S. mobile home communities

+ Aegis Brands Inc. agreed to sell Second Cup Coffee Co. to Foodtastic Inc. for $14.0 million
+ Aldi to open 100 U.S. stores in 2021 (Arizona, Florida, California & the Northeast); currently, they operated 2,000 stores across 37 states
+ Alimentation Couche-Tard Inc. exploring a partnership with Carrefour SA following the failure of its takeover bid
+ Federated Co-operatives Limited is launching a new gas-bar brand, working with indigenous partners to form: Western Nations Gas Bars
+ Empire Company Limited announced seven new FreshCo flagged stores in Western Canada; strategy will end with closures and rebranding – resulting in 37 stores by end of 2022; $11.7 million in-store closure costs
+ Godiva is closing 128 North American Stores; 11 in Canada
+ hair benders and wellness services are back in business in Alberta; Alberta government restrictions are being relaxed
+ Hudson’s Bay Co. laying over 600+ workers across Canada due to COVIC
+ Hudson’s Bay Co, the parent, is looking at spinning off Saks Fifth Avenue bricks-and-mortar locations, or Saks.com, or both … tic toc
+ J. Crew exiting Canada … closing stores, down to one … tic toc
+ Metro expanding grocery delivery business – looking to disrupt the marketplace
+ Office Depot owner rejected Staples US$2.0 billion takeover bid … tic toc
+ Simon Property Group and its lenders put Town Center in Kennesaw, GA up for auction; with no bidders, they’ve surrendered the property to the bank – a likely trend in non-viable or marginal malls in coming months … tic toc
+ Telsec Property Corp. acquired the former Jack Carter car dealership site on Macleod Trail at Glenmore Trail
+ Tristan (38 stores across Canada) filed for CCAA protection – MNP appointed as monitor

+ awaiting vacations?
+ are ‘work from home’ employees focused?
+ C-suite struggles – mental health issues during the pandemic
+ fireable offences growing thanks to COVID-19
+ how to pivot in a pandemic; office-space manager’s story
+ will COVID-19 vaccination be required? …. and how do you enforce that?

+ 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

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PLANDflex Corporation -  Mark Kolke, President / Publisher
Agent/Realtor/Property Mgr. - under contract to MaxWell Capital Realty
 
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