FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrea Chrenek to Judge, Grande Prairie @ Provincial Court of Alberta

+ Dr. Sandra Davidson to Dean, Faculty of Nursing @ University of Calgary

+ Gary Maksymetz to COO @ Maple Leaf Foods

+ Craig Gardner to Pres, MUFG Bank Canada @ Mitsubishi UFJ Financial Group

+ Craig Mitchell to CEO, Australia and New Zealand @ NorthWest Healthcare Properties Management

+ Dominic Barton to Director & Chairman @ Teck Resources Limited

+ John Blocker Jr. to Director @ Trinidad Drilling Ltd.

+ Jonathan Gitlin to COO @ RioCan REIT

+ Karen Hewitt to Judge, Wetaskiwin @ Provincial Court of Alberta

+ Mary Moran to CEO, Olympic Bid Corporation @ City of Calgary

+ Merri Jones to Director @ Cannacord Genuity Group Inc.

+ Michael Mosher to Pres & CEO @ FortisAlberta Inc.

+ Michelle Harradence to Director @ Secure Energy Services Inc.

+ Randal Brandt to Judge, Edmonton Criminal @ Provincial Court of Alberta

+ Robert Marceau to Judge, Peace River @ Provincial Court of Alberta

+ Sandra Corbett to Judge, Edmonton Civil @ Provincial Court of Alberta

+ Susan Brown, Sr. VP, Alberta & NWT Div. @ BMO Bank of Montreal, retired

+ Susan Green to Director @ Canada Revenue Agency Board of Management


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




 MEMORIAM

+ Mike Peters, Managing Dir., Western Canada @ Harry Rosen; 50




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ you were qualified for a job but not hired. Why?

+ resume red flags to watch out for




 CALGARY OLYMPICS 2026 BID WATCH 


+ Mary Moran to CEO, Olympic Bid Corporation @ City of Calgary

+ Calgary City Council approved ‘the question’ for a non-binding plebiscite; voting day is Tuesday Nov. 13, 2018: “Are you for are you against Calgary hosting the 2026 Olympic and Paralympic Winter Games?”




 CHARITY GOLF TOURNAMENTS 

+ Aug. 8; 2018 Robert Quatsch Memorial Golf Tournament, Sturgeon Valley Golf & Country Club, Edmonton; info/registration

+ Aug. 13; 17th Annual Links & Legends Charity Golf Tournament, Valleyridge Golf Course, Calgary; info/register

+ Aug. 29-Sept. 2; Shaw Charity Classic, Canyon Meadows Golf & Country Club, Calgary; tickets/donate

+ Sept. 5-6; Calgary Flames Celebrity Charity Golf Classic, Country Hills Gold Club Calgary and Links of Glen Eagles, Cochrane; info/registration

+ Sept. 7; Calgary Drop-in & Rehab Centre – Kindness Open, Silvertip Resort, Canmore; info/register/sponsor


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Enbridge Income Fund Holdings Inc. closed the sale of its 49% interest in a wind and solar renewable power generation assets to CPPIB for $1.05 billion

+ Innergex Renewable Energy Inc. acquired TransCanada’s 62% interest in Cartier Wind Farms in the Gaspe for $630.0 million to now hold 100%




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BIM – Building Information Modeling

+ 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

+ EPC – engineering, procurement and construction

+ 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

+ MOA – Memorandum of Agreement

+ 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

+ PSP – Public Sector Pension Investment Board

+ 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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current week data

this  site is refreshed with a new issue every Tuesday morning


updated August 7, 2018




 TODAY'S HEADLINES


HEADLINES: Brookfield on shopping spree | Connacher sold | CNRL Horizon expansion | Enbridge asset sales | TELUS buying health chain & selling Vancouver Tech Centre + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

Last week's conversation with Susan Otterson, Pres. @ ABL Imaging Group

A recent conversation with Trevor Winkler, Regional Managing Partner @ MNP

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



 sponsors of this week's issue:

CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



 SAVE THE DATE / upcoming events

+ Sept. 1-2; Canmore Highland Games, Centennial Park, Canmore; info/tickets

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 5; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 25-27; International Pipeline EXPO, Telus Convention Centre, Calgary; info/registration

+ Sept. 6; RealREIT Conference, Metro Toronto Convention Centre, Toronto; program/registratio

+ Oct. 23-25; 2018 CanWEA Annual Conference and Exhibition, BMO Centre, Stampede Park, Calgary; info/registration

+ Oct. 30; 24th Annual Joint Conference – GPAC/PJVA; Calgary Petroleum Club, Calgary; info/registration
+ Nov. 13; Calgary 2026 Winter Olympic Bid Plebiscite – where/when to vote

+ Nov. 28-29; Real Estate Forum, Metro Toronto Convention Centre, info/register

~~

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details


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



 CORPORATE RESPONSIBILITY REPORTS 


+ Schneider Electric published its Sustainability Impact 2018-2020




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NEWS SUMMARY 
 July 31 ~ August 7 


+ 3esi-Enersight acquired Palantir Solutions; changing name to Aucerna

+ Avison Young acquired UK brokerage firm Willkinson Williams LP; will rebrand as Avison Young

+ Brookfield Infrastructure agreed to acquire Enercare Inc. for $4.3 billion

+ Canadian Natural Resources Ltd. is planning $1.4 billion expansion of its Horizon oilsands mine

+ Canbriam Energy sold non-core Montney assets in NE BC for $50.0 million

+ current energy prices – live link to current Bloomberg energy prices; crude prices fell on imbalance of supply/demand in U.S., then rose again as trade tensions weighed on the market

+ East River Oil and Gas Ltd. to acquire Connacher Oil and Gas Limited for $113.5 million under court supervised CCAA process

+ Enbridge Inc. closed the sale of its U.S. midstream businesses for $3.15 billion

+ Enbridge Income Fund Holdings Inc. closed the sale of its 49% interest in a wind and solar renewable power generation asset portfolio to CPPIB for $1.05 billion

+ Enhance Energy Inc. and Wolf Midstream (owned by CPPIB) agreed to construct and operate Alberta Carbon Trunk Line – a 240 km. pipeline collect CO2 from industrial emitters in Industrial Heartland area …

+ Junex Inc. agreed to takeover/combination with Cuda Energy Inc.; to operate as Cuda Oil and Gas Inc.

+ PSAC revised its 2018 drilling activity forecast; from 7,400 to 6,900 …

+ rig counts: total rigs steady; click for full breakdown

+ Taiga Building Products Ltd. closed its acquisition of Exterior Wood Inc.

+ Telus Health agreed to acquire Medisys health clinic chain for $100.0 million

+ Suncor Energy Inc. severed its relationship with HSBC Bank over the bank's withdrawal from/refusal to finance oilsands ventures

+ U.S. rig counts: down 4 on the week; full breakdown

+ Utica Resources Inc. increased its offer to acquire Junex Inc. .. tic toc

+ Western Financial Group acquired DMW Insurance Ltd.

+ WPT Industrial REIT, CPPIB and AIMCo formed $1.0 billion JV to acquire U.S. industrial logistics assets




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Canaccord Genuity Group Inc. is on the market to raise $125.0 million on convertible unsecured sr. sub. debt

+ CellCube Energy Storage Systems Inc. closed $15.0 million equity financing

+ CellCube Energy Storage Systems Inc. is on the market to raise $2.0 million equity financing by private placement

+ Cushman & Wakefield PLC closed US$765.0 million equity financing by IPO


*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower …




 KUDOS 

+ to Parks Canada – releasing wild plains bison to roam free in Banff National Park’s back country for the first time in 140 years!




 QUOTES 

+ A person being ‘too busy’ is a myth. People make time for the things that are really important to them. – Mandy Hale

+ It’s hard not to be happy when you make someone smile. – Roy T. Bennett




 CONSTRUCTION NEWS + INNOVATION 

+ the war of words begins; Graham Construction snaps back on GOA notice about delays on Grande Praire Regional Hospital …




 this week in REITS 


+ Brookfield Asset Management agreed to acquire Cleveland-based Forest City Realty Trust for US$11.4 billion

+ BTB REIT acquired Méga Centre Rive-Sud, a power centre in Levis, Quebec for $42.6 million

+ Craig Mitchell to CEO, Australia and New Zealand @ NorthWest Healthcare Properties Management

+ Jonathan Gitlin to COO @ RioCan REIT

+ Nexus REIT closed its acquisition of Beamsville, ON property for $6.6 million

+ NorthWest Healthcare Properties REIT entered into a A$2.0 billion Australian JV; Northwest will seed it’s 30% with properties, its institutional partner (70%) with cash for acquisitions

+ R&R REIT closed its not-arm’s-length portfolio acquisition of 5 hotels (656 rooms) from executive of the REIT for US$32.1 million

+ Slate Office REIT agreed to acquire 120S LaSalle St. in Chicago for US$155.5 million

+ WPT Industrial REIT, CPPIB and AIMCo formed $1.0 billion JV to acquire U.S. industrial logistics assets




 INFRASTRUCTURE / P3  


+ G4 Capital and Alberta Investment Management Corporation (AIMCo) entered into an investment agreement; primary investment of R$400 million in FIP Iguá, the controlling shareholder of Iguá Saneamento S.A. – proceeds for investment program in 18 existing concessions and public-private partnerships in Brazilian water and sewage sector

+ Hydro One Inc. agreed to acquire the business and distribution assets of Peterborough Distribution Inc. from the City of Peterborough for $105.0 million

+ SNC-Lavalin Group Inc. is on the market to sell of a portion of its interest in Highway 407; they are looking to net $2.0 billion for 6.76% of its investment




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Brookfield Asset Management agreed to acquire Cleveland-based Forest City Realty Trust for US$11.4 billion

+ Brookfield Property Partners sold a 28% stake in a Manhattan office and multi-family portfolio for US$1.4 billion

+ Crown Realty Partners acquired Pearson Corporate Centre in Etobicoke from Bentall Kennedy for $63.5 million




 INTERESTING THINGS IN OFFICE REAL ESTATE 


+ Telus Corp. and Westbank Corp. JV has sold Telus Garden (24-storey high tech tower on Richards Street in downtown Vancouver); terms not disclosed




 INTERESTING THINGS IN RETAIL 


+ in the U.S., 123 Toy R Us stores are up for auction




 SHAREHOLDER MEETINGS

+ Aug. 21; Raging River Explorartion Inc., Special Meeting of Shareholders, Calgary

+ Aug. 21; Baytex Energy Corp., Special Meeting of Shareholders, Calgary


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

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this site last updated May 6, 2025