FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alec Robinson, Director @ United Hunter Oil & Gas Corp., resigned

+ Aleksandra James to Pres. Clarocity Valuation Services @ Clarocity Corporation

+ Allan Dixon to Bus. Dev. Mgr. @ Blackbird Energy Inc.

+ Andrea Robertson to Director @ Calgary Airport Authority

+ Bob MacBean to Interim CFO @ Environmental Waste International Inc.

+ Callum Walkin to Head Chef @ Cassis Bistro

+ Celeste Seaborg to Bus. Dev. Mgr. @ Global Furniture Group (Canada)

+ Chris Henn to Pres, U.S. Operations @ Wawanesa Insurance

+ Grayson Anderson to VP Capital Markets @ Frontera Energy Corporation

+ Howard Bolinger to CFO @ Marquee Energy Ltd.

+ Jace Jonsson to Leasing Mgr., Calgary @ Triovest Realty Advisors Inc.

+ Jean Lucas to Pres. & CEO @ Eco Waste Solutions

+ Jennifer Keesmaat, Chief Planner @ City of Toronto, stepping down

+ Jennifer McIntyre O’Reilly to Sr. Interior Designer @ Lemay + Toker

+ Jeremy Kaliel to VP Corporate Strategy & Communications @ Frontera Energy Corporation

+ John Gabriele to Acting Director @ Alberta Human Rights Commission

+ Justin Wharton to Reg. Mgr., Southern Alberta @ Cooper Equipment Rentals Ltd.

+ Karen Rutenberg, CFO @ Environmental Waste International Inc., stepped down

+ Kent Hehr to Minister of Sport and Persons with Disabilities @ Government of Canada

+ Michael Mills to Assoc. Assistant Deputy Minister, Public Services and Procurement @ Government of Canada

+ Paul Merrick to Sr. VP & Gen. Mgr. CPX @ VersaCold Logistics Services

+ Sandeep Kar to Chief Strategy Officer @ Fleet Complete

+ Sara Austin to CEO @ Sheldon Kennedy Child Advocacy Centre

+ Steve Meldrum, Pres. & CEO @ Eco Waste Solutions, left the company


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




IN MEMORIAM

+ Con Boland, celebrated and controversial Edmonton photographer, died

+ Jack Broderick, founder of Trail Appliances, died

+ Ronald Lawless, former CEO @ CN, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ CIO’s surveyed reveal barriers to securing tech talent

+ Wilma Slenders published a great piece on: providing feedback to your boss

+ across and down – not a crossword puzzle, not a game of snakes & ladders; it’s ThyssenKrupp’s new approach to office buildings: the world’s first sideways-moving elevator




  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




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 - 2017 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated August 29, 2017




 TODAY'S HEADLINES


HEADLINES: AECON Group for sale | Cominar REIT selling assets | crude price down as hurricane Harvey messes with the market | rig counts steady + upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



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:

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



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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 ]



 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. 19; Calgary Immigrant Women's Association, 35th Anniversary Gala, CIVIC on Third, info/tickets, sponsorships

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


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



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



NEWS SUMMARY 
 August 22 ~ 29 


+ Canada Life Group (U.K.) div. of Great-West Lifeco, acquired Retirement Advantage; $2.409 billion book; terms not disclosed

+ current energy prices – live link to current Bloomberg energy prices; crude prices off due to Houston refining capacity reduced by hurricane Harvey; stockpiles/oversupply remain significant and hot spots (Venezuala, Libya and Iran) of concern seem stable for the moment; the storm continues to dump rain on the Houston area and into Louisiana, so downward pressure on crude prices will likely continue for a while … tic toc

+ Ernst & Young published a report: Evolving asset challenges and opportunities in Canada’s downstream sector; read the summary - or download the 20 page report

+ hurricane Harvey continues to batter the Texas and Louisiana coastlines, causing widespread flooding on a large scale disrupting everything with 9 trillion tons of water; insurance losses will likely be in the hundreds of billions [hurricane Katrina caused $108.0 billion in property damage and $250.0 billion in economic impact; Harvey didn’t do as much damage to offshore assets but its lingering in the Houston area is compounding the damage daily; death toll of 8 so far is expected to rise

+ rig counts: Canadian weekly count up 3 to 217: full western Canada breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Euromax Resources Ltd. closed $499,999.80 common share & warrants financing by private placement

+ HomEquity Bank secured $120.0 million credit facility

+ H&R REIT closed $125.0 million in sr. unsecured debt financing

+ Jericho Oil Corporation is on the market to raise $10.0 million in equity by private placement

+ MATRRIX Energy Technologies Inc. closed $1,157,000.0 equity financing by insider private placement

+ Painted Pony Energy Ltd. closed $200.0 million in debt financings by private placement

+ Petrolia Inc. closed $25,,651,625.0 equity financing by private placement

+ Quest PharmaTech Inc. closed $1,666,667.0 equity financing by exercise of warrants

+ Rx Drug Mart closed $10.0 million equity financing




 TOWNHOUSE CONDO FOR SALE; take the video tour 

+ 3 bedroom townhome in Copperfield FOR SALE; take the video tour

+ link to details: MLS Listing # C4123450

~ Mark Kolke, Listing Agent, MaxWell South Star Realty - call 403-444-6939 for more information or to tour, or call you realtor




 QUOTES

+ It’s the repetition of affirmations that leads to belief. And once that belief becomes a deep conviction, things begin to happen. – Claude Bristol

+ The difference between being very smart and very foolish is often very small. – Amos Tversky




 CONSTRUCTION NEWS + INNOVATION 

+ Structurlam got Canadian manufacturer certification (the 1st to do so) by Strategic Forestry Initiative Inc.

+ LEGO house nearing completion … take the drone tour




 this week in REITS 


+ Cominar REIT announced it will all its real estate outside or core markets (Montreal, Quebec, Ottawa/Gatineau); expect to realize $1.2 billion on Toronto, Maritimes and western Canada dispositions to reduce debt and improve its balance sheet

+ H&R REIT is on the market to raise $125.0 million in sr. unsecured debt

+ Slate Retail REIT agreed to purchase Good Homes Plaza in Orlando, FL for US$23.8 million




 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 ]



 INFRASTRUCTURE / P3  


+ Aecon Group Inc. engaged advisors; exploring potential sale of the company ~ meanwhile, Beattie LP have publicly announced they are in serious pursuit of Aecon; Kiewit Corp and ACS Group are also reported to be in hunt; realistically any substantial group with a history of collaborating with Aecon or bidding against them are natural contenders … tic toc

+ Infrastructure Ontario issued an RFQ for its Lakeshore East – Central Corridor GO train expansion

+ Innergex completed acquisition of two wind projects in Chapagne-Ardenne, France; 43MW – Innergex owns 69.55%, Desjardins Group Pension Plan owns 30.45%

+ Partnerships BC are moving forward on the Abbotsford Law Courts project; three short-listed consortia will participate in an open-house session on Sept. 13 so suppliers, trades and contractors can pitch + woo potential customers in a networking session; click here to register

+ Transport Canada announced funding plans for the National Trade Corridor Fund; will be $2.0 billion over 11 yrs., of which $400.0 million is for a transportation infrastructure; details are sketchy but earlier reporting suggested this would be like a band of land/right-of-way corridor from coast to coast for pipelines, power transmission and roadways through unpopulated territory so resources can be shipped to tidewater in addition to regional transport needs --- a very ‘long term project’ our great grandchildren might benefit from if it isn’t mothballed along the way; the program lacks short-term specific goals and that will likely be its undoing …

+ West Campus Development Trust & The Brenda Strafford Foundation announced Cambridge Manor, a state-of-the-art senior living facility within Calgary's University District; 217,000 sq. ft. facility to break ground in early 2018, open in 2020




INTERESTING REAL ESTATE NEWS, other places


+ Apple Inc. announced it will build  a US$1.38 billion data centre in Waukee near Des Moines, Iowa; US$620.0 million for the building, the rest for the gear that goes inside the building




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


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

this site last updated May 6, 2025