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 

+ Al Thorgeirson to co-CEO @ iPowwow International

+ Barb Feit to CFOR @ Gabriella’s Kitchen Inc.

+ Ben Leith to Partner, National Real Estate & Dev. Group @ Cassels Brock & Blackwell LLP

+ Bradley Boyce to Sr. Director, Leasing @ Bentall Kennedy

+ Cheryl Probert to HR Manager @ Canada ICI Capital Corporation

+ Craig Louden to CFO @ Indigo Books & Music Inc.

+ Dave Fu to Director, Asset Mgmt. @ EPIC Investment Services

+ David Ehrlich, CEO @ CAPREIT, retired

+ David Morley to Head, Public Affairs & Communications @ Canada Infrastructure Bank

+ Geoff Kallweit to Associate @ RJC Engineers

+ Georgia Linster to Marketing & Communications Lead @ Gibbs Gage Architects

+ Gordon Laing to Director @ Canada Mortgage and Housing Corp.

+ Hugues Simar, CFO @ Indigo Books & Music Inc. stepped down

+ Jacqueline Grabowski to Regional Marketing Specialist @ RJC Engineers

+ Karen Clarke-Whistler to Director @ Enerplus Corporation

+ Kimberly Setrakov to Partner @ Warren Benson Amantea LLP

+ Kyle Schonknecht to Associate @ RJC Engineers

+ Lea Ray to Chair @ Street Capital Group Inc.

+ Maureen Putnam to Interim Pres. @ Gabriella’s Kitchen Inc.

+ Mark Goodman, Pres. @ Dundee Corp., left the company

+ Maxim Atanassov to CFO @ RentPerks.com

+ Mark Ritchie to Principal @ RJC Engineers

+ Peter Catarino to Gen. Mgr. @ Calgary Marriott Downtown

+ Robert Travis to Director @ Gabriella’s Kitchen Inc.

+ Russell Wilson to Director @ Gabriella’s Kitchen Inc.

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




 MEMORIAM

+ Gene Zwozdesky, musician, dancer, former MLA and Speaker of the Legislature, Cabinet Minister and friend; 70




  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




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current week data

this  site is refreshed with a new issue every Tuesday


updated January 8, 2019




 TODAY'S HEADLINES


HEADLINES: AGRA name change | Collins Barrow is now Baker Tilly | Morrison Hershfield merger | Pipestone/Blackbird reverse takeover + deals + rig counts + upcoming events, appointments + 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:

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



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



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



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



 HUMAN RESOURCES + WORKPLACE TRENDS 

+ The Unincorporated WORKFORCE; download the article

+ skills CEOs want from HR




 QUOTES 

+ Life is inherently risky. There is only on big risk you should avoid at all costs, and that is the risk of doing nothing. – Denis Waitley

+ Life is not about how fast you run or how high you climb, but how well you bounce. – Vivian Komori




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http://facilitycalgary.com

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NEWS SUMMARY 
 January 1 ~ 8 


+ AGRA Foundations Limited has a new name; now known as Soletanche Bachy Canada

+ Collins Barrow has rebranded; now known as Baker Tilly Canada Cooperative

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude up slightly yesterday … oversupplied inventories continue; heavy crude differential diminished since GOA imposed production cutbacks … tic toc

+ Equitable Group Inc. completed its acquisition of Bennington Financial Services Corp.

+ GOA announced its 2019 STEP (summer temporary employment program); application deadline for employers is Feb. 8th

+ Imperial Oil are outsourcing property management services at they’re Canadian Head Office complex in Quarry Park; CBRE won the contract

+ Morrison Hershfield Group Inc. agreed to merge with CCG Facilities Integration

+ new trends to watch in commercial real estate in 2019 according to Propmodo: mobility changing ways we travel are affecting property use cases and value; new sources of data and more sophisticated methods can change the way we understand property value; new data recording technologies have created ways to share ownership of property; space-as-a-service to work or live packaged as a service to focus on flexibility and end-user benefit; branded spaces – landlords will pursue closer relationships with building occupants; partnerships and collaborations providing more ways to access current property data; flexible design will help property stakeholders to work together during the entire building lifecycle thanks to new tools and techniques; technology is allowing increased transparency into development options including the new opportunity zones; sensors – technology advances give ‘big brother’ the ability to monitor and understand what is happening in the physical world. These are ‘early stage’ trends; whether they’ll have staying power or last as long as the hula-hoop is questionable. WeWork and similar models are the flavour of the week on space as a service but not sure it will change the world. Sensors – that’s the big one to watch …

+ Petrus Resources Ltd. announced its 2019 CapEx Budget is $8.0 million

+ Pipestone Energy Corp. completed its reverse-takeover of Blackbird Energy Inc.

+ rig counts - Canada: up 6 to 76 this week; click for full breakdown

+ rig counts – U.S.: down 8 to 1,075 this week; full breakdown

+ TAG Oil Ltd. got shareholder approval for US$30 million plus future payments sale of its New Zealand operations to Tamarind Resources Pte. Ltd.

+ Yangarra Resources Ltd. announced its 2019 CapEx Budget is $100.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Blackbird Energy Inc. (now Pipestone Oil Corp.) closed $110.0 million equity financing

+ Blackbird Energy Inc. (now Pipestone Oil Corp.)  closed $198.5 million debt financing

+ CAP REIT closed $250.0 million equity financing

+ Peyto Exploration & Development Corp. closed $100.0 million sr. unsecured debt financing

*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 

+ industry growth – shifting work off the job site

+ super tall Azrieli Tower in Israel

+ 3D – printed timber … with a grain!




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ the 11-storey Lord & Taylor store on 5th Avenue in New York has closed forever; owner HBC sold the property to WeWork for $850.0 million and will convert it to office use for WeWork




 INTERESTING THINGS IN RETAIL 


+ Spotlight, a Mos Mos Coffee location, and the first  Staples Studio (4,500 square foot Coworking space located within the Staples store) opens this week at 375 University Ave, Toronto

+ Starlight Investments and Homestead Land Holdings acquired two (Toronto and London) projects; 962 apartments




 this week in REITS 


+ CAP REIT closed $250.0 million equity financing

+ David Ehrlich, CEO @ CAPREIT, retired

+ Firm Capital Property Trust acquired 69 unit project in Dartmouth, NS for $10.7 million




 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 ]

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