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 

+ Alan Aitchison to COO @ PentaNova Energy Corp.

+ Allen Smith, Pres. & CEO @ Four Season Hotels and Resorts, stepping down

+ Beverly Babcock, Sr. VP Finance, Administration, Controller @ Imperial Oil Limited, retiring

+ Bob Sinclair to Pres. @ Coalition of Independent Mortgage Brokers

+ Camilo McAllister, CFO @ Frontera Energy Corporation, resigned

+ Claire Kennedy to Managing Partner, Clients and Industries @ Bennett Jones LLP

+ Dany Lyons to Sr. VP Finance, Admin. & Controller @ Imperial Oil Limited

+ Dr. Ralph Gillchrist to Pres. & CEO @ PentaNova Energy Corp.

+ Garrett Friskie to Architectural Product Mgr. Canada @ KI

+ Gerry Forbes, Morning Host @ CJAY 92, retiring

+ Huw Thomas, CEO @ SmartCentres REIT, stepping down

+ Jean-Marc Landry to CEO @ Grande West Transportation Group Inc.

+ Jim Causgrove to COO Conventional Operations @ Harvest Operations Corp.

+ Jon Gray to COO @ Blackstone Group LP

+ Jon Turner to VP Maintenance @ Air Canada

+ Louis Seveno to Partner @ Woods LLP

+ Mathew Burpee to Managing Dir. @ Kepler Capital Corporation

+ Mike Whitfield, VP Bus. Dev. @ Sequeira Partners, left the company

+ Mike Whitfield to Bus. Dev. Executive on contract @ JZAM Inc.

+ Paul Vander Valk to COO for Oilsands @ Harvest Operations Corp.

+ Peter Forde to CEO @ SmartCentres REIT

+ Rafael Orunesu to VP Bus. Dev. & Country Mgr. Argentina @ PentaNova Energy Corp.

+ Tony James to Exec. Vice-Chairman @ Blackstone Group LP


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




 MEMORIAM

+ Joseph MacNeil, retired Archbishop of Edmonton; 94




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Canada’s best employers for 2018




  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:
 
feedback@facilitycalgary.com

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated February 20, 2018




 TODAY'S HEADLINES


HEADLINES: Choice REIT swallowing CREIT| AB v. BC | retail pot plans| Shaw staff surprise | Laricina on the market | TransCanada $2.4 billion NGTL expansion + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

Last 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. 

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



 sponsors of this week's issue:

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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



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



 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. 8; Fourth Session, Twenty-Ninth Legislature of Alberta, Edmonton

+ 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 ]



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 - 2018 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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

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




↓SIGN UP TO GET FACILITYCalgary↓

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



NEWS SUMMARY 
 February 13 ~ 20 


+ markets closed yesterday (Family Day in Canada/Presidents Day in U.S)

+ Birchcliff Energy Ltd. announced its 2018CapExBudget is $255.0 million

+ Choice Properties REIT agreed to acquire CREIT for $3.9 billion; combined enterprise value reported to be $16.0 billion – 752 properties/69.0 million sq. ft.

+ current energy prices – live link to current Bloomberg energy prices; prices recovered this week but concerns remain about oversupply …

+ GOA vs. BC; Premier Notley’s moves of a BC wine boycott and creating a task force (Anne McLellan, Frank McKenna, Jim Carter, Peter Hogg) exerting pressure on Trudeau where the pressure belongs; BC seems to be backing off slightly … meanwhile the NEB advanced permitting on construction of the TransMounatain pipeline expansion project

+ GOA announced Alberta will have a maximum of 250 licensed cannabis stores once pot is legalized; the July 1 date is looking fuzzy as the legislation is bogged down in the Senate, so maybe this fall …

+ Shaw Communications got more than it bargained for; their ‘layoff packages’ were swiftly accepted by 3,300 employees … staff shrinkage of 25%

+ Laricina Energy Ltd. engaged advisors to review strategic alternatives …

+ Pine Cliff Energy Ltd. announced its 2018 CapExBudget is $10.4 million

+ rig counts: down 7 to 318 this week; full breakdown of western Canadian activity

+ this is TOO funny!; KFC in the UK switched freight firms – and DHL failed to deliver the chickens … so KFC has to close 900 stores for ‘lack of chicken’ …

+ TransCanada Corporation announced it will invest $2.4 billion to expand its NGTL System; will expand WCSB export capacity by 1.0 billion cubic of natural gas per day

+ U.S. January rig counts: up 7 to 798 this week – Baker Hughes breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

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

+ Morguard North American Residential REIT closed $85.5 million convertible debt financing

+ Renaissance Oil Corp. is on the market to raise $10.0 million by common share & warrants issue

+ Seaspan Corporation closed US$250.0 million debt & warrant financing




 QUOTES 

+ Character is simply habit long continued. – Plato

+ Sometimes, all we need is someone to believe in us. Even when we forget how to believe in ourselves. – unknown




 KUDOS 

+ to Aspen Properties, owners of the Calgary Tower for lighting the torch each time a Canadian athlete wins an Olympic medal




 this week in REITS 


+ Automotive Properties REIT closed its $7.5 million acquisition of a Kitchener-Waterloo area dealership

+ Choice Properties REIT agreed to acquire CREIT for $3.9 billion; combined enterprise value reported to be $16.0 billion – 752 properties/69.0 million sq. ft.

+ Huw Thomas, CEO @ SmartCentres REIT, stepping down

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

+ Morguard North American Residential REIT closed $85.5 million convertible debt financing

+ Peter Forde to CEO @ SmartCentres REIT

+ SmartCentres REIT, Peguin Group and Revera Inc. formed a JV to develop retirement residences across Canada




 INFRASTRUCTURE / P3  


+ City of Vancouver’s Pattullo Bridge (built in 1937) will be replaced; BC government will fund $1.4 billion to be completed by 2023




 CONSTRUCTION NEWS + INNOVATION 

+ Canadian government review of Aecon Group takeover extended …

+ world’s tallest timber tower proposed for Tokyo (70-storey project proposed)




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ ASB Real Estate Investments agreed to sell its 1.6 million sq. ft. office/data centre complex, the Infomart, in Dallas, TX for US$800.0 million (they bought it in 2005 for US$169.6 million)

+ Avigilon Corporation completed $107.5 million sale/leaseback transaction on its Vancouver office tower and related lands

+ Katz Group and ONE Properties have put two Edmonton ‘Ice District’ office towers on the market: Edmonton Tower and Stantec Tower (still under construction) are expected to fetch $1.0 billion

+ SmartCentres REIT, Penguin Group and Revera Inc. formed a JV to develop retirement residences across Canada




 INTERESTING THINGS IN RETAIL 


+ Le Duff America Inc. agreed to sell its Timothy’s World Coffee and mmmuffins units to MTY Food Group Inc. for $1.675 million

+ MTY Food Group Inc. agreed to acquire Grabbagreen franchise system for US$2.75 million




↓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