FACILITYCalgary

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

FACILITYCalgary May 13/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Allan Silber, Chairman @ Street Capital Group Inc., retiring

+ Colby Delorme to Director @ Apeetogosan Development Inc.

+ Craig Landry to Exec. VP Operations @ Aircanada

+ Jade Neher to Director of Construction @ Wright Construction Western Inc.

+ James Hand to Pres. & CEO @ Tundra Energy Marketing Limited

+ James Sanswon to Technology & Intellectual Property Lawyer @ Swanson Law

+ Janice Tranberg to Pres & CEO @ Alberta Cattle Feeders’ Association

+ John Caruso to Director @ Phivida Holdings Inc.

+ John Purdy to Dev. Mgr. @ BC Housing

+ John Van de Pol to Director @ Briko Energy Corp.

+ Les Anderson to Director, Bus. Dev. @ Stuart Olson Inc.

+ Madeleine McGhee to Sr. SAP OCM & Training Leade @ Nutrien Ag Solutions

+ Mark Cooper to Director, Public Affairs & Communications @ Calgary Chamber of Commerce

+ Mary Street to Project Mgr. @ Nutrien

+ Michael Rousseau to Deputy CEO & CFO @ Air Canada

+ Sarah Johnston to Pres. @ Calgary Real Estate Board

+ Tom Beckerman to Chairman @ Prodigy Ventures Inc.

+ Tony Vandersteen to Manager @ JBS Carriers Inc.

+ Trish Exton-Parder, Media Relations Leade @ Calgary Zoo, retired

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ 2018 HR Superstars – practitioners, providers, consultants

+ put on your blinkers: solution for an open-plan office




 KUDOS 

+ to Calgarians recognized with an Order of Canada: Beckie Scott, Jean Grand-Maitre, Joanne Cuthbertson, Charlie Fischer, Roger Kerans




 QUOTES 

+ I’ve got a great ambition, to die of exhaustion rather than boredom. – Thomas Carlyle

+ The tragedy of life is not that it ends so soon, but that we wait so long for it to begin. – W.M. Lewis




  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

+ IMCO – Investment Management Corporation of Ontario

+ 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




 SUGGESTIONS / COMMENTS:
 
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current week data

this  site is refreshed with a new issue every Tuesday


updated January 1, 2019




 TODAY'S HEADLINES


HEADLINES: Blackbird merger | crude prices flat | Trans-Pacific Partnership | Natural Gas Innovation Fund | Sunlife/Bentall merged with GreenOak + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future:

A recent conversation with Darby Young, Chief Accessibility Strategist/CEO @ Level Playing Field

A recent conversation with George Mylonas, Pres. & CEO @ Landstar Communities

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



 sponsors of this week's issue:

e-mail to Katherine Robinson, Managing Director

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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



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



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



CONTACT US
SALES COACHING



 SHAREHOLDER MEETINGS

+ Jan. 8; Aimia Inc., Special Meeting of Shareholders, Toronto

+ Jan. 31; Trinidad Drilling Ltd., Special Meeting of Shareholders, Calgary

[ please send us your event notices and AGM notices to:  kolke@facilitycalgary.com  ]




 SAVE THE DATE / upcoming events

+ Jan. 25-26; Your Book is Your Business, Alastair Ross Technology Centre, U of C Research Park, Calgary; info/register

+ Feb. 19-21; 31st International Pipeline Pigging & Integrity Management Conference, Houston; info/registration

+ Feb. 21; B’nai Brith Annual Fundraising Dinner, Calgary; info – tickets/call 403-255-6554

+ Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration


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



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NEWS SUMMARY 
 December 18 ~ January 1 


+ Blackbird Energy Inc. got shareholder approval for its combination with Pipestone Oil Corp.

+ Canada signed off on the Comprehensive Agreement for Trans-Pacific Partnership; the deal with Japan, Singapore, Mexico, Australia and New Zealand slashes and reduces tariffs; world’s largest trade deal does not include the U.S.

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; price slump continues due to oversupply and holidays … tic toc

+ Day & Ross Freight acquired Stonehammer Transport Inc.; terms not disclosed

+ Encana Oil & Gas (USA) Inc. completed the sale of its San Juan, New Mexico asset to DJR Energy

+ ExxonMobil shelved its WCC LNG export project by withdrawing at the environmental assessment stage

+ Government of Canada offered up its solution to Alberta’s current woes: $1.6 billion in support … which seems to impress only Liberals in Ottawa; oil industry protests around the province continue …

+ Husky Energy met regulatory requirements for its proposed takeover of MEG Energy … tic toc

+ Husky Energy announced its 2019 CapEx Budget is $ 3.4 billion

+ Jupiter Resources Inc. got court approval for its $1.1 billion recapitalization transaction under the Canada Business Corporations Act (CBCA)

+ Natural Gas Innovation Fund (a new fed/prov/industry consortium) launched a clean-tech proposal call - $3.0 million available, deadline for submissions Feb. 13/19

+ Pieridae Energy Limited completed its arrangement/merger with Ikkuma Resources Corp.

+ Pinnacle Renewable Holdings Inc. changed its name to Pinnacle Renewable Energy Inc.

+ Sun Life Financial Inc. is merging Bentall its real estate management are with GreenOak Real Estate; Sun Life is majority (56%) shareholder of the merged entity – Bentall GreenOak

+ rig counts - Canada: down 61 to 70 over the last two weeks; click for full breakdown

+ rig counts – U.S.: up 3 to 1,083 this week; full breakdown

+ Whitecap Resources Inc. announced its 2019 CapEx Budget is $425.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Accord Financial Corp. closed $18.4 million unsecured convertible sub. debt financing

+ Air Canada secured US$600.0 million in credit facilities

+ Algonquin Power & Utilities Corp. closed $172.5 million equity financing

+ Granite REIT secured US$185.0 million sr. unsecured credit facility

+ H&R REIT closed $250.0 million sr. unsecured debt financing

+ Innergex Renewable Energy Inc. secured $570.0 million long term

+ IsoEnergy Ltd. closed $5.5 million equity financing by private placement

+ Karnalyte Resources Inc. closed $2.3 million rights offering

+ Marksmen Energy Inc. is on the market to raise $1.25 million in secured debt by private placement

+ MATRRIX Energy Technologies Inc. secured a $15.0 million credit facility

+ NorthWest Healthcare Properties REIT closed $125.0 million unsecured convertible sub. debt financing

+ Parkit Enterprise Inc. closed $718,270.0 rights offering

+ Pieridae Energy Limited closed $8.0 million equity financing by private placement

+ Tervita Corporation secured $275.0 million sr. secured credit facility

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 CONSTRUCTION NEWS + INNOVATION 

+ main structure of new Champlain bridge completed

+ best architecture of 2018




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Anbang Insurance Group engaged agents to divest of a portfolio of Vancouver office towers with more properties planned for divestiture this year

+ Brookfield’s Evoque Data Center Solutions acquired data centers from AT&T in a cash deal; $1.1 billion

+ Firm Capital American Realty Partners Corp. closed its acquisition of 132 unit/3 bldg. multi-res project in the Bronx, New York for $25.0 million

+ Holloway Lodging Corp. closed the sale of the Ottawa Holiday Inn for $50.0 million

+ Vantage Data Centers acquired 4Degrees Colocation from Videotron for $259.0 million




 INFRASTRUCTURE / P3  


+ Calgary city council approved a $500.0 million expansion of the BMO Centre at Stampede Park; approval is conditional upon Government of Canada support for 1/3rd of the capital cost; also part of this is an extension by the city, requiring provincial government approval, of the Community Revitalization Levy program from 20 yrs. to 40 yrs. which seems like shifty accounting to load infrastructure costs on the shoulders of developers … tic toc

+ Calgary city council is planning an overhaul of Deerfoot Trail; possible HOV lanes/tolls … study to be complete by end of 2019




 INTERESTING THINGS IN RETAIL 


+ Centric Health Corporation selling its Alberta retail pharmacies for $4.54 million




 this week in REITS 


+ AutoCanada Inc. closed a $50.0 million sale/leaseback transaction (four dealerships) with Capital Automotive Real Estate Services

+ BSR REIT closed its US$45.2 million acquisition of Riverhill Apartments (334 units) in Grand Prairie, TX

+ Granite REIT secured US$185.0 million sr. unsecured credit facility

+ H&R REIT closed $250.0 million sr. unsecured debt financing

+ NorthWest Healthcare Properties REIT closed $125.0 million unsecured convertible sub. debt financing

+ PRO REIT closed its $15.4 million acquisition of two (Cambridge and Hamilton) light industrial properties

+ True North Commercial REIT closed the same of two properties (Hamilton and Waterloo) for $15.375 million




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this site last updated May 13, 2025