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 

+ Adrian Gallant to Project Mgr. @ NCS Fluid Handling Systems

+ Alban D’Amours to Chairman @ Cominar REIT

+ Andre Bourbonnais, Pres. & CEO @ PSB Investments, resigned

+ Andre Bourbonnais to head a new initiative @ Blackrock Alternative Investors

+ Anthony Young Q.C. to Sr. Counsel @ Sugimoto & Company

+ Bernadette Kollman to Dictore @ Liquor Stores N.A. Ltd.

+ Brian Bec to VP Construction @ Centron Group

+ Bruce West, Exec. VP & CFO @ The Co-operators, retired

+ Cara Chesney to Director @ Frontec Mortgage Investment Corporation

+ Daniel Smith to Chair @ CIBC Mellon Global Securities Services Company and Mellon Trust Company

+ Dean Holmes to Sr. VP, Residential Operations @ QuadReal Property Group

+ Dominique Hussey to Lead Directo @ Bennett Jones LLP

+ Jebb Richard to Asset Engineer @ EPCOR

+ Luke Seabrook to Global Head, Enterprise Initiatives, Infrastructure and Innovation @ BMO Financial Group

+ Michel Dallaire, Trustee & Chairman @ Cominar REIT, resigned

+ Neil Cunningham to Pres. & CEO @ PSB Investments

+ Paul Andrew to Account Mgr. @ Crown Granite and Marble

+ Paul Harrs, COO @ Partners NEIT, resigned

+ Stephan Klee to CFO @ Portag3 Ventures

+ Susan Uthayakumar to Country Pres., Canada @ Schneider Electric

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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ famous CEO’s favourite interview questions

+ top 5 trends and challenges for HR in 2018




 QUOTES 

+ Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love. – Lao Tzu

+ Whether you think you can, or you think you can’t – you’re right. – Henry Ford




  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

+ 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

+ 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




 SUGGESTIONS / COMMENTS:
 
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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated February 13, 2018




 TODAY'S HEADLINES


HEADLINES: AIMCo buys green | crude price slip | GOC replacing NEB | MEG $1.1 billion asset sale | ScotiaBank buying Jarislowsky Fraser | Suncor boosts its stake in Syncrude + Pam Heard interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

This week's conversation with Pam Heard, Executive Director @ the Prostate Cancer Centre

A recent conversation with Joanne Young, Founder/CEO/Pres. @ Greenery Office Interiors Inc. 

A recent conversation with Nic Blanchet, Executive Director @ Friends of Fish Creek Provincial Park Society

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



 sponsors of this week's issue:

e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



 CALGARY OLYMPICS 2026 BID WATCH 


+ it’s beginning to look a lot more likely; Denver and Salt Lake City have pulled out, so Calgary remains the only North American possibility …

+ ink-seeking councilors Jeromy Farkas and Sean Chu are whining about a potential Calgary bid, reported to be of the view the IOC, rather than Calgary, are driving the process that will lead to a Calgary bid …




 SAVE THE DATE / upcoming events

+ Feb. 22; Marijuana, Addiction & The Adolescent Brain, Fresh Start Recovery Centre; info/directions

+ Mar. 1-4; 2018 Calgary Home + Garden Show, BMO Centre, Stampede Park; info/tickets

+ Mar. 21-23; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff; info/register

+ Mar. 21; EPAC Awards Luncheon, Calgary Petroleum Club, info/tickets

+ April 11; Calgary Chamber of Voluntary Organizations, Connections Conference 2018; Ross Glen Hall, Mount Royal University, Calgary; info/register

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

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


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



 SHAREHOLDER MEETINGS

+ Feb. 19; Imvescor Restaurant Group Inc., Special Meeting of Shareholders, Montreal

+ Feb. 26; Soleil Capital Corp., Special Meeting of Shareholders, Calgary

+ Mar 7; Servus Credit Union, Annual General Meeting, Calgary

+ Apr. 5; CIBC, Annual Meeting of Shareholders, Halifax


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ AIMCo (with 49%) entered into a partnership with Enel Green Power North America Inc. for operation of two renewable energy projects at Pincher Creek, AB

+ Air Liquide opened a unique CO2 recovery plant in Johnstown, ON; 300+ tons per day production of medical grade CO2

+ Holwand Gren Homes Ltd. opened its office/business centre in Markham, ON; reputed to be the first Net Positive Energy office building in Canada – meaning it generates more energy than it consumes; 59,000 sq. ft. office space, 3-storey building on top of 2 levels of underground parking will be powered by solar and geothermal energy

+ Innergex Renewable Energy Inc. closed its $1.1 billion acquisition of Alterra Power Corp.

+ Town of Hinton is working on a Geothermal District Energy System; Western Economic Diversification Canada is contribution $400,000.0 of the $1.2 million budget; the balance is coming from GOA and Alberta Innovates …




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NEWS SUMMARY 
 February 6 ~ 13 


+ AIMCo (with 49%) entered into a partnership with Enel Green Power North America Inc. for operation of two renewable energy projects at Pincher Creek, AB

+ Brookfield Residential Properties acquired the assets of OliverMcMillan, a mixed use developer; terms not disclosed

+ Canbriam Energy announced its 2018CapEx Budget is $50.0 million

+ Crew Energy Inc. announced its 2018CapEx Budget is $80.0 million

+ current energy prices – live link to current Bloomberg energy prices; crude prices slipped in tandem, though less severely, with stock market volatility – meanwhile U.S. output is surging …

+ Eagle Energy Inc. sold its Salt Flat field oil & gas interests in Caldwell County, Texas for $33.0 million

+ GFL Environmental Inc. agreed to acquired Deep Foundations Contractors Inc.; terms not disclosed

+ Government of Canada launched new environmental legislation – the National Energy Board will cease and be replaced by two bodies; Canadian Energy Regulator, and Impact Assessment Agency of Canada [similar to the Alberta model]: Blakes did a good summary of what is coming

+ Innergex Renewable Energy Inc. closed its $1.1 billion acquisition of Alterra Power Corp.

+ MEG Energy Corp. agreed to sell 50% interest in Access Pipeline and 100% interest in Stonefell Terminal to Wolf Midstream Inc. for $1.61 billion

+ NAFTA talks - Round #6 ended; interesting summary from the folks at Dentons

+ Perpetual Energy Inc. announced is 2018CapEx Budget is $23.0 million

+ Private Capital Markets Association of Canada [PCMA} and National Exempt Market Association [NEMA] merged; will operated as PCMA

+ rig counts: down 17 to 325; full breakdown

+ Scotiabank agreed to acquire Jarislowsky Fraser ($40 billion book) for $950.0 million

+ stock markets the world over are in ‘correction-mode’, reeling from dramatic drop in all indexes, primarily triggered by programmed ETF trading … tic toc

+ Suncor Energy agreed to acquire Mocal Energy’s 5% in Syncrude JV for US$730.0 million

+ Suncor Energy Norge AS acquired 17.5% interest in Fenja Development from Faroe Petroleum for US$54.5 million

+ TELUS International closed its acquisition of Xavient Information Systems

+ U.S. January rig counts: up 26 to 791 – additional detail




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Artis REIT closed $200.0 million sr. unsecured debt financing

+ CT REIT is on the market to raise $200.0 million in sr. unsecured debt

+ Enerkem Inc. closed $280.0 million equity financing

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

+ Invesque Inc. closed US$15.0 million 2nd tranche of an equity and convertible debt financing

+ Manulife Financial Corporation is on the market to raise $250.0 million by a preferred share issue

+ OncoQuest Inc. closed US$6.0 million equity financing by private placement

+ Timbercreek Financial closed $40.0 million equity financing




 KUDOS 

+ to Alberta athletes – 56 of them – as part of the Canadian Olympic Team competing in PyeongChang, South Korea




 this week in REITS 


+ Alban D’Amours to Chairman @ Cominar REIT

+ Artis REIT closed $200.0 million sr. unsecured debt financing

+ BTB REIT closed $3.15 million sale of a Montreal property

+ CT REIT is on the market to raise $200.0 million in sr. unsecured debt

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

+ Michel Dallaire, Trustee & Chairman @ Cominar REIT, resigned

+ Paul Harrs, COO @ Partners NEIT, resigned




 INFRASTRUCTURE / P3  


+ Bird Construction Inc., as part of the Hartland Resource Management consortium sealed a deal to design, build, finance operated and maintain the Capital Regional District Wastewater Treatment Project; Bird have 50% interest

+ City of Calgary planners are proposing a $106.0 million interchange for Sarcee Trail and Richmond Road

+ Greater Toronto Airport Authority awarded contracts for planning a new ‘regional transit centre’ at Pearson Airport; HOK won the bake-off …

+ Infrastructure Ontario awarded a $411.0 million fixed-price contract to EllisDon Infrasruture MGH Inc. to design, build and finance the redevelopment of Michaele Garron Hospital

+ Innergex Renewable Energy Inc. closed its $1.1 billon acquisition of Alterra Power Corp.

+ Town of Fort Macleod agreed to sell its electricity distribution system to FortisAlberta Inc. for $4.77 million

+ U of C reached a deal, an accommodation actually, with the student’s union over the management and operation of MacEwan Student Centre (Mac Hall); Management and Use of Space Agreement takes effect May 1st; 10 yr. agreement for the student’s union to operate, title stays with U of C … a fitting end to a five year battle and court case …



 CORPORATE RESPONSIBILITY REPORTS  


+ BMO Financial Group published its 2017 Environmental, Social and Governance Report




 CONSTRUCTION NEWS + INNOVATION 

+ construction cost trends all over – costs up 1.42% in Toronto (highest crane count of surveyed cities), costs down 0.85% in Calgary

+ Ram Board launched a new product ‘Painter’s Board’ to protect floors and floor coverings from painting projects … looks like drop-sheet makers are going to be put out of business!




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Invesque Inc. closed its US$21.5 million acquisition of three memory care facilities in Dallas, TX

+ KingSett Capital acquired Westmount Shopping Centre, London, ON for $31.5 million

+ Morguard Corporation acquired 3-storey/136,000 sq. ft. Class A office property in Mississauga, ON for $50.6 million

+ Starwood Capital Group acquired One South Dearborn in Chicago’s Central Loop; 40-storey Class A tower/827,538 sq. ft. for US$297.6 million




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ is co-working here to stay? Yardi Matrix did a survey of 20 major markets – they found 1,166 coworking sites – in aggregate 26.9 million sq. ft.; read the details


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