FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Boyd Mahon to VP Operations @ Hyduke Energy Services Inc.

+ Brandon Stranzi, Exec. Chairman @ Sears Canada, stepped down

+ Carl Verley to Director @ Troy Energy Corp.

+ Chelsey Dawes to Partnering and Engagement Officer, External Relations @ Parks Canada

+ Cheryl Godman to Head, Corporation Communications, Canada & U.S. @ Sony Electronics Inc.

+ Dr. Victor Solovyev to Project Mgr. @ Genoil Inc.

+ Elson McDougald to Director @ MATRRIX Energy Technologies Inc.

+ Gary McMullen to Director @ Big Rock Brewery Inc.

+ James Hill, Director and Interim CFO @ Hyduke Energy Services Inc., resigned

+ Jerry Patava to Director @ Terra Firma Capital Corporation

+ Jimmy Yeung to CFO @ Hyduke Energy Services Inc.

+ JoAnne Odette to CFO @ Parkit Enterprise Inc.

+ Kam Fong to Director @ Altus Group

+ Kelvin Lynch, VP Operations @ Hyduke Energy Services Inc., resigned

+ Lyle Whitmarsh to Director @ MATRRIX Energy Technologies Inc.

+ Maria Nathanail to Partner @ McLeod Law LLP

+ Mark Rodgers, Pres. & CEO, Habitat for Humanity to Chair @ Strategic Forestry Initiative Inc.

+ Nigel Kirkwood, CFO @ Parkit Enterprise Inc., resigned

+ Patrick Melanson to Exec. VP, Corporate Services & CIO @ Black Diamond Group Limited

+ Paul Bolger to Corporate Secretary @ Troy Energy Corp.

+ Ryan Daynes to Bus. Dev. @ Litron Canada

+ Will Smith to Pres. @ Knightsbridge Development Corporation


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




IN MEMORIAM

+ Bill Toole, former Pres. @ Toole, Peet and Co. and community leader, died

+ Bill Torrie, Calgary theatre director, while snorkeling in Maui, died

+ David Mackie, attorney and natural gas industry veteran, co-founder and Director @ AltaGas Ltd., died

+ Thomas Schwartz, Co-founder, Pres. & CEO @ CAPREIT and widely respected industry leader, died of prostate cancer 




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ 1 in 4 Canadians has left a job due to stress – survey results




 SAVE THE DATE / upcoming events

+ Sept. 2-3; 27th Annual Canmore Highland Games, Canmore, info/volunteering/tickets

+ Sept. 6; Canadian Apartment Investment Conference, Toronto Convention Centre; info/register

+ Sept. 7; Real REIT, Toronto Convention Centre; info/register

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 13-14; Red Deer Oil & Gas Expor, Westerner Park, Red Deer; info/book space/registration/sponsorship

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 22; Making Treat 7's 2nd Annual Fundraiser/Gala, Mount Royal University, Calgary; info/tickets/sponsors

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal

+ Oct. 24; The Art Of Leadership For Women, TELUS Convention Centre, Calgary; info/tickets


[send your event notices to:  kolke@facilitycalgary.com ]



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BOE – barrel of oil equivalent

+ Brent – North Sea crude benchmark price

+ CapEx – capital expenditures

+ CAPP - Canadian Association of Petroleum Producers

+ cap rate – capitalization rate

+ CBD – Central Business District

+ CCAA – Companies’ Creditors Arrangement Act

+ CCS – Carbon Capture and Storage

+ CEAA – Canadian Environmental Assessment Agency

+ Chapter 11 – court ordered creditor protection under U.S. bankruptcy law

+ COSIA - Canada's Oil Sands Innovation Alliance

+ CPPIB – Canada Pension Plan Investment Board

+ CREB - Calgary Real Estate Board

+ DIP – debtor in possession

+ EBITDA – earnings before interest, taxes, depreciation and amortization

+ EIA – U.S. Energy Information Administration

+ E & P – exploration and production

+ FERC – U.S. Federal Energy Regulation Commission

+ Forbearance Agreement – a short term formalized relief arrangement when loan terms are in default

+ FSR – floor space ratio

+ FTC – U.S. Federal Trade Commission

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ GW - gigawatt

+ G&A – general and administrative

+ HOOP – Healthcare of Ontario Pension Plan

+ IEA – International Energy Agency

+ IFMA – International Facility Management Association

+ IPO – Initial Public Offering

+ JV – Joint Venture

+ KV – kilovolt (one thousand volts)

+ KW – kilowatt (one thousand watts)

+ LEED – Leadership in Energy and Environmental Design

+ LNG – Liquefied Natural Gas

+ LPG – Liquefied Propane Gas

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ mezz – mezzanine debt

+ MOU – Memorandum of Understanding

+ MT – metric ton

+ MW – megawatt (1 million watts)

+ NAFTA – North American Free Trade Agreement

+ NEB – National Energy Board

+ NGLs – natural gas liquids

+ OPEC – Organization of Petroleum Exporting Countries

+ P3 – Public Private Partnership

+ PADD – U.S. Petroleum Administration for Defense Districts

+ PPA – Power Purchase Agreement

+ PSAC – Petroleum Services Association of Canada

+ RECA – Real Estate Council of Alberta

+ REIT – Real Estate Investment Trust

+ RFI – request for information

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ SAIT – Southern Alberta Institute of Technology

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ TOD – transit oriented development

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – YYC Calgary International Airport




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updated August 22, 2017




 TODAY'S HEADLINES


HEADLINES: Algeco/Scotsman sold | Calgary 5th most livable in the world | Cushman bought 20Vic | Husky buying Wisconsin refinery | Paramount closed Apache purchase + upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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CONVERSATIONS

A recent conversation with Norm Landry, Managing Director @ Lawson Projects

A recent conversation with Karyn Elliott, Principal at Crazy House Staging ...and Albertine Design

Click here to access the archive: archived conversations with fascinating Calgarians ...



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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



e-mail Norm Landry
 
PROJECT MANAGEMENT



e-mail Lance Laliberte - Sales at PREMIERE OFFICE MOVERS
 
OFFICE MOVERS



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register

+ Sept. 11-12; Flames Golf Classic, Country Hills and The Hamptons golf clubs; info/register


[send your event notices to:  kolke@facilitycalgary.com ]



INTERESTING REAL ESTATE NEWS, other places


+ Blackstone Group LP acquired Harvest Fund Investors (US$10.0 billion under administration)

+ John Hancock Real Estate acquired HarborView at the Navy Yard (224 unit multi-family high rise); terms not disclosed

+ Morguard Corporation acquired Argus Corporate Centre in Oakville, ON for $18.5 million

+ Prestigious Properties Group acquired three central Alberta mobile home parks for $6.3 million

+ University of Southern California opened a US$700.0 million student residence campus; 15-acre site, USC Village, will house more than 2,500 students and faculty, retail, fitness, dining and amenities




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Trump administration dismissed its Climate Change Advisory Panel




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NEWS SUMMARY 
 August 15 ~ 22 


+ Algeco/Scotsman Holdings S.A.R.L. agreed to sell its North American modular space and portable storage operations to Double Eagle Acquisition Group for US$1.1 billion; new operation will be Williams Scotsman Holdings Corp.

+ Calgary ranked ‘5th most livable city in the world’ by Economist magazine in its annual rankings

+ Computershare Trust Company of Canada agreed to acquire the exempt market securities business ($1.7 billion book) of Canadian Western Trust; terms not disclosed

+ current energy prices – live link to current Bloomberg energy prices; WTI and Brent crude prices slumping/limping along

+ Cushman & Wakefield acquired 20Vic Management Inc.

+ Dundee Energy Oil and Gas Limited and Dundee Energy Limited Partnership commenced bankruptcy proceedings

+ Gibson Energy Inc. under pressure from activist shareholder to sell assets or the company; tic toc …

+ Husky Energy agreed to acquire a 50,000 bbl/day refinery in Superior, Wisconsin for US$435.0 million from Calumet Specialty Products Partners

+ Ikkuma Resources Corp. agreed to acquire a portfolio of  Alberta and B.C. assets for $34.0 million

+ Ikkuma Resources Corp. Agreed to sell 51% of its trunk line and associated facilities for $20.0 million

+ Industrial Alliance and Financial Services Inc. closed its acquisition of HolllisWealth from Scotiabank

+ Ironhorse Oil & Gas Inc. and Pond Technologies Inc. announced plans to combine; will operate as Ironhorse

+ Japan Petroleum Exploration Co. announced it will not re-start it’s oilsands pilot project

+ Jones Lang LaSalle Inc. (JLL) launched a Canadian Property Management Unit; to be headquartered in Calgary, led by Ron Fiell

+ Kontrol Energy Corp. closed its $2.23 million acquisition of Efficiency Engineering Inc.

+ Paramount Resources Ltd. completed its acquisition of Apache Canada Ltd.; that’s unit is renamed Paramount Resources (ACL) Ltd.

+ Pengrowth Energy Corporation closed its $300.0 million sale of Olds/Garrington area assets

+ PentaNova Energy Corp. closed its acquisition of Patagonia Oil Corp.

+ Petrowest Corporation has voluntarily entered receivership; Ernst & Young to be appointed today

+ rig counts: Canadian count down 6 or 214; full breakdown ; U.S. count down 5 to 763

+ Sempra Energy agreed to acquire Oncor for US$9.45 billion

+ Tidewater Midstream and Infrastructure Ltd. agreed to acquire two asset portfolios (Deep Basin and Montney) for $51.0 million

+ Top Ten: Top 10 Issues Affecting Real Estate (a U.S. perspective – but he only addresses 2 ~ so where are the other eight?)

+ Top Ten: Top 10 European business destinations for summer 2017

+ Total agreed to acquire Maersk Oil for US$7.45 billion

+ Transocean Ltd. agreed to acquire Songa Offshore for US$1.46 billion

+ Wilks Brothers LLC have been making some news; they’ve been buying more of Calfrac Well Services Ltd. – now holding or controlling 14.46% …

+ WSP Global Inc. agreed to acquire UEM Edgenta Berhad, including it’s 61% interest In Opus International Consultants (formerly Steward Weir in Alberta) for $243.4 million



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Allied Properties REIT closed $300,150,000.0 equity financing

+ Ikkuma Resources Corp. is on the market to raise $10.0 million in equity

+ Intact Financial Corporation closed $150.0 million preferred share issue

+ Kinder Morgan Canada Limited closed $300.0 million preferred share financing

+ Manulife Financial Corporation closed $750.0 million in sub. debt

+ Middlefield Healthcare & Life Sciences Dividend Fund raised $103.2 million in equity by IPO

+ NADG NNN REIT closed two IPO equity financings; $20,405,115.0 and US$9,069.470.0

+ Pembina Pipeline Corporation closed $600.0 million sr. unsecured debt financing

+ Pond Technologies Inc. is on the market to raise $7.0 million in equity by private placement

+ Terra Firma Capital Corporation closed $3.25 million common shares & warrants financing by private placement

+ Terra Firma Capital Corporation secured $20.0 million credit facility




 QUOTES

+ Either you deal with what is the reality, or you can be sure that the reality is going to deal with you. – Alex Haley

+ Most of us are in touch with our tuition whether we know it or not, but we’re usually in the habit of doubting or contradicting it so automatically that we don’t even know it has spoken. – Shakti Gawain




 KUDOS 

+ to Calbridge Homes – they’re generous gift of $500,000.0 to the Foothills hospital neonatal intensive care unit!




 CONSTRUCTION NEWS + INNOVATION 

+ Infrastructure Ontario invited bids for its Centre for Excellence in Transportation Infrastructure Project

+ 8 annoying things all architects do




 this week in REITS 


+ Allied Properties REIT closed $300,150,000.0 equity financing

+ Artis REIT announced it will convert Sierra Place (92,000 sq. ft. office building) to 100 residential apartments

+ Morguard North American Residential REIT and Morguard Corporation closed their 50/50 acquisition of 492 suite multi-family project in Rockville, MD for US$129.0 million

+ NADG NNN REIT closed two IPO equity financings; $20,405,115.0 and US$9,069.470.0

+ Pure Industrial Real Estate Trust closed acquisition of 5 properties (Brampton, Vaughan, Pickering, Wilmer, Texas and St. Albert) for $214.2 million

+ Summit Industrial Income REIT agreed to acquire a Montreal logistics property for $43.0 million (going in cap rate of 6.42%)

+ Thomas Schwartz, Co-founder, Pres. & CEO @ CAPREIT and widely respected industry leader, died of prostate cancer




 CORPORATE RESPONSIBILITY REPORTS 


+ Capital Power released its 2016 Corporate Responsibility Report




 INFRASTRUCTURE / P3  


+ Northland Power Inc. closed its acquisition of 100% of Deutsche Bucht Offshore Wind Farm; $1.9 billion

+ Infrastructure Ontario closed an RFP for Michael Garron Hospital; 3 consortia bid

+ Infrastructure Ontario issued an RFP for the Hurontario LRT project to 4 prequalified bidders

+ Infrastructure Ontario issued and RFQ for its Davenport Diamond Rail Grade Separation project




 SHAREHOLDER MEETINGS

+ Sept. 1; OneREIT, Special Meeting of Unitholders, Toronto

+ Sept. 7; BIOX Corporation, Special Meeting of Shareholders, Toronto

+ Sept. 8; Paramount Resources Ltd., Special Meeting of Shareholders, Calgary

+ Sept. 8; Trilogy Energy Corp., Special Meeting of Shareholders, Calgary

+ Sept. 12; Home Capital Group Inc., Special Meeting of Shareholders, Toronto


[send your event notices to:  kolke@facilitycalgary.com ]

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Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025