FACILITYCalgary

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

FACILITYCalgary May 27/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Allison Clark to VP Development @ Centron Group

+ Andrew Wallace to Sr. VP Dev. & Construction @ OPUS Corporation

+ Andy Purves to Director @ Zedcor Energy Inc.

+ Angela Thomas to Sr. Software Developer @ BIDS Trading

+ Blair Goertzen, Director @ Zedcor Energy Inc., resigned

+ Bradley Boyce to Director, Retail @ Hopewell Development

+ Brenda McManus to Gen. Mgr. Western Canadian Place @ QuadReal Property Group

+ Brian Bee to VP Construction @ Centron Group

+ Chaim Katzman to Chairman @ Gazit-Globe Ltd.

+ Chris Saunders to Sr. VP, Calgary @ Jones Lang LaSalle

+ Dan Coulter to Pres. & CEO @ Concentra Bank

+ Dewi Jones, CEO @ CGX Energy Inc., resigned

+ Dori Segal, CEO @ Gazit-Globe Ltd., stepping down

+ Doug Smith, CFO @ Cardinal Energy Ltd. retired

+ Edward Ok to VP Finance & CFO @ TransGlobe Energy Corporation

+  Éric Lachance to Sr. VP Corporate Affairs & CFOR @ Énergir Inc.  

+ Gandeephan Ganeshalingam to VP Continuous Improvement @ WestJet

+ Gene Lewis to Director @ Ontario Teachers’ Pension Plan

+ Greg Abel to Vice-Chairman @ Berkshire Hathaway Inc.

+ Heather Kirk, Sr. Real Estate Analyst @ BMO Nesbitt Burns, stepped down

+ Ian McKinnon to Pres., CEO & Director @ Zedcor Energy Inc.

+ James Midwinter, Exec. VP Development @ GWL Realty Advisors, retired

+ Jimmy Shan to New Business Dev. @ Slate Asset Management

+ John Van de Pol to Sr. VP & CFO @ Ikkuma Resources Corp.

+ Kelly Zaharia to VP Construction @ Centron Group

+ Kevin Evers to VP Geosciences @ Crew Energy Inc.

+ Mark Miller to VP Land & Negotiations @ Crew Energy Inc.

+ Matthew Kelly to Director, Client Services @ Odyssey Trust

+ Paul Dever to VP Government & Stakeholder Relations @ Crew Energy Inc.

+ Randy Neely to Pres. @ TransGlobe Energy Corporation

+ Rebecca Finlay to Sr. VP Brand & People @ Colliers International Group Inc.

+ Russell Hiscock to Director @ Valeura Energy Inc.

+ Scott Grph to VP Crew Resources

+ Shawn Van Spankeren to CFO @ Cardinal Energy Inc.

+ Stuart McDonald to VP & CTO @ WestJet

+ Suresh Narine to Exec. Chairman @ CGX Energy Inc.

+ Tim Marchant to Chair of the Board @ Valeura Energy Inc.

+ Tim Riddell to Director of Operations @ DataHive

+ William Fehrmann to CEO, Energy Unit @ Berkshire Hathaway Inc.


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




  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
current week data

this  site is refreshed with a new issue every Tuesday morning


updated January 16, 2018




 TODAY'S HEADLINES


HEADLINES: Carillion in liquidation | crude holding new price levels | Kinder/Keyera terminal opened | Vermilion acquisition + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

Last week's conversation with Marjorie Zingle, CEO @ DATAHIVE

A recent conversation with Jenn Lofgren, Founder/CEO @ INCITO

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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



 HUMAN RESOURCE + WORKPLACE TRENDS 

+ how to spot domestic violence at work




 SAVE THE DATE / upcoming events

+ Jan. 28-30; Whistler ICSC Conference, Fairmont Chateau Whistler, Whistler, BC; info/register

+ Feb. 5-6; 3rd Annual Alberta & Saskatchewan Renewable Energy Finance Summit, Westin Hotel, Calgary; info/register

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

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

+ 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

+ Jan. 24; Pure Technologies Ltd., Special Meeting/Approve Merger, Calgary

+ Jan. 26, Alberta Real Estate Association, Annual General Meeting, Grande Prairie

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

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


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



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NEWS SUMMARY 
 January 9 ~ 16 


+ Altus Group Limited acquired New Market Real Estate Group LLC

+ Carillion PLC, the UK based infrastructure firm, collapsed ( £900-million in net debt and a £587-million pension deficit); governments in P3 situations with Carillion are scrambling to re-take management of projects throughout the UK and abroad. The company is going into liquidation and the UK government will investigate; Canadian projects for Carillion are 11% of its total involving 6,000 Canadian employees …tic toc

+ Crescent Point Energy Corp. announced its 2018CapEx Budget is $1.61 billion

+ current energy prices – live link to current Bloomberg energy prices; crude prices steady about US$64/bbl for WTI, about US$60/for Brent in an overheated market

+ Kinder Morgan Canada Limited started its operations of its 4.8 million barrel Base Line Terminal in Edmonton/Sherwood Park; project is 50-50 venture with Keyera

+ McIntosh Perry Consulting Engineers Ltd. acquired ARA Engineering Ltd.

+ rig counts: up 102 to 276 this week; full breakdown

+ Spartan Energy Corp. announced its 2018CapEx Budget is $183.0 million

+ Tamarack Valley Energy Ltd. announced its 2018CapEx Budget is $195.0 million

+ TransGlobe Energy announced its 2018CapEx Budget is $41.3 million

+ Trinidad Drilling Ltd. announced it will lay off 15% of its staff & reduce executive compensation to reduce G&A by $43.0 million

+ U.S. rig counts: up 10 to 752 this week

+ Vermillion Energy Inc. agreed to acquire a portfolio of SE Sask. & SW Manitoba assets for $90.8 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ American Potash Corporation closed $1.5 million equity financing by private placement

+ Choice Properties REIT closed $650.0 million sr. unsecured debt financing

+ CIBC is on the market to raise $400.0 million by a preferred share issue

+ PRO REIT is on the market to raise $25.0 million in equity

+ Timbercreek Financial Corp. secured $400.0 million revolving credit facility




 QUOTES 

+ A smile is a curve that sets everything straight. – Phyllis Diller

+ You get the best out of others when you give the best of yourself. – Harvey Firestorm




 KUDOS 

+ the world’s largest YMCA just opened – in Calgary; the Shane Homes YMCA at Rocky Ridge is 284,000 sq. ft., $192.0 million project. Shane Homes donated $3.5 million!




 this week in REITS 


+ Choice Properties REIT closed $650.0 million sr. unsecured debt financing

+ CT REIT took a surrender of the Sears Calgary distribution centre; they’ve re-leased the space (two buildings – 625,000 sq. ft. + 30,000 sq. ft.) to Canadian Tire Corporation for 10 yrs.

+ Melcor REIT closed $80.875 million 5-property portfolio acquisition from Melcor Developments Ltd.

+ PRO REIT is on the market to raise $25.0 million in equity

+ Pure Industrial REIT agreed to be acquired by Blackstone Property Partners for $3.8 billion; closing in 2nd qtr. 2018




 INFRASTRUCTURE / P3  


+ Carillion PLC, the UK based infrastructure firm, collapsed ( £900-million in net debt and a £587-million pension deficit); governments in P3 situations with Carillion are scrambling to re-take management of projects throughout the UK and abroad. The company is going into liquidation and the UK government will investigate; Canadian projects for Carillion are 11% of its total involving 6,000 Canadian employees …tic toc

+ EllisDon Infrastructure is preferred proponent to design, build, finance and maintain the new Toronto courthouse project, 10 Armoury Street, Toronto




 CONSTRUCTION NEWS + INNOVATION 

+ EllisDon, in partnership with the University of Toronto, secured a $2.4 million grant through the TargetGHG Collaborative R&D program to develop a Carbon Accounting Tool …




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Bombardier is reported to be on the market to sell its Downsview Airport (Toronto … just off the 401); 152 hectare/375 acre property  - could be complete redevelopment or home to another aviation industry player … tic toc

+ Hudson’s Bay Co. is selling its flagship Vancouver store; looking to keep store in place and sell all that density above to a developer in a sale/leaseback transaction … tic toc

+ Invesque Inc. acquired a 72-bed transitional care facility in Lincoln, Nebraska for US$21.6 million

+ Morguard Corporation acquired 243,000 sq. ft. in industrial property in Ottawa for $42.5 million

+ Plaza Retail REIT acquired a former Sears site (281,000 sq. ft.), the 1000 Islands Mall, near Brockville, ON for $14.0 million

+ Starlight U.S. Multi-Family (No. 1) Value-Add Fund acquired 50% interest in 250-unit project in Atlanta, GA




 INTERESTING  TRENDS IN INDUSTRIAL REAL ESTATE 


+ CT REIT took a surrender of the Sears Calgary distribution centre; they’ve re-leased the space (two buildings – 625,000 sq. ft. + 30,000 sq. ft.) to Canadian Tire Corporation for 10 yrs.




 INTERESTING  TRENDS IN RETAIL 


+ all Sears stores in Canada are now closed – liquidation of assets continue


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 27, 2025