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 

+ Brian Schmitt to Acting CFO @ Enercare Inc.

+ Caillan Charpentier to VP Operations @ NCS Fluid Handling Systems

+ Damian Gasparetto to Gen. Mgr., Commercial Property Mgmt. @ Bentall Kennedy

+ Daryl Gregoire to BIM Mgr. @ Sacre-Davey Engineering

+ Dennis Houston to Director @ Suncor Energy Inc.

+ Edward Kernaghan to Director @ Obsidian Energy Ltd.

+ Evelyn Sutherland, CFO @ Enercare Inc., resigned

+ Greg Hughes to CEO @ Veritas Technologies

+ Jacques Lefebvre to CEO @ Dairy Farmers of Canada

+ Jaret Sprott to Sr. VP & COO, Facilities @ Pembina Pipeline Corporation

+ Jason Wium to Sr. VP & COO, Pipelines @ Pembina Pipeline Corporation

+ Karmal Singh to VP Engineering @ NCS Fluid Handling Systems

+ Kevin Barr to Partner, Calgary @ Borden Ladner Gervais LLP

+ Maurice Kagan to Director @ Pure Multi-Family REIT LP

+ Michael Goldstein to Interim Pres. & CEO @ DIRTT Environmental Solutions Ltd.

+ Mogens Smed to Executive Chaimran @ DIRTT Environmental Solutions Ltd.

+ Paul Murphy to Sr. VP & Corporate Services Officer @ Pembina Pipeline Corporation

+ Peter Henry to Interim CFO @ DIRTT Environmental Solutions Ltd.

+ Ray Robinson to Board Chair @ Canadian Electricity Association

+ Rob Stevenson to Bus. Dev. Mgr. @ HBI Heritage Business Interiors

+ Russell Bruemmer, Director @ Clarocity Corporation, resigned

+ Scott Jenkins, Pres. & Interim CFO @ DIRTT Environmental Solutions Ltd., left the company

+ Stu Taylor to Sr. VP Marketing and New Ventures & Corporate Development Officer @ Pembina Pipeline Corporation


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




 MEMORIAM

+ Jim Shaw, former CEO @ Shaw Communications, died

+ Rick Blaskin, founder of Blaskin & Lane, died




  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 9, 2018




 TODAY'S HEADLINES


HEADLINES: CRUDE PRICES UP⬆ | Horizon buys lodge | Osum expanding production | Suncor/Teck/Total make piece on Fort Hills | U.S. offshore rule changes + Marjorie Zingle interview  + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

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

Last week's conversation with Jenn Lofgren, Founder/CEO @ INCITO

A recent conversation with Craig Tervit, Wills & Estates lawyer @ The Last Word

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



 sponsors of this week's issue:

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



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



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



 SAVE THE DATE / upcoming events

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

+ 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


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ 1.8 million-square-foot office tower at Related Cos. and Oxford Properties Group’s US$20 billion Hudson Yards mixed-use development - first commercial office building in New York to achieve LEED Platinum status

+ Rogers Place in Edmonton achieved LEED Silver certification – first NHL facility in Canada achieve LEED certification




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 
 January 2 ~ 9 


+ AltaCorp Capital and ATB Financial ‘deepening strategic relationship’; ATB is AltaCorp’s largest shareholder

+ Calgary Flames partnering with Uber as exclusive ride-sharing provider for the Saddledome

+ CIBC – launching a new business line ‘CIBC Innovation Banking’ and acquisition of Wellington Financial ($300.0 million book)

+ current energy prices – live link to current Bloomberg energy prices; WTI & Brent crude near 3-yr. highs as Iran unrest roils markets, OPEC sustains cuts …

+ Horizon North Logistics Inc. closed its $14.0 million acquisition of Moose Haven Lodge (288-beds) @ Janvier in a cash and shares transaction

+ Mainstreet Health Investments Inc. completed its name change to: Invesque Inc.

+ Millar Western Forest Products Ltd. acquired Spruceland Millworks Inc.

+ OPEC production up slightly (50,000 bpd from Nov.) in December; 32.4 million bpd

+ Osum Oil Sands Corp. announced it will proceed with Phase 2C of its Orion Thermal Project near Cold Lake; will double production to 18,000+/bpd

+ Painted Pony Energy Ltd. completed its amalgamation with UGR Blair Creek Ltd. and Painted Rock Resources Ltd.

+ rig counts western Canada : down 74 to 136 over the last week – full breakdown

+ rig counts global: December counts

+ Suncor Energy and Teck Resources Ltd. resolved funding dispute with Total SA for the $17.0 billion Fort Hills oilsands mine; Suncor will pay 53.06%, Teck 20.89%, Total SA 26.05%

+ The Canada Life Group (U.K.) Limited ( a GWL sub.) acquired Retirement Advantage

+ U.S. government announced it will amend environmental policies to allow offshore drilling in the Arctic, eastern seaboard and California; regulatory changes are expected to take 18 months … tic toc

+ U.S. rig counts: down 5 to 742

+ Vertex Resource Group Ltd. acquired Sonic Oilfield Services Ltd. for $4.5 million



 HUMAN RESOURCE + WORKPLACE TRENDS 

+ moods/time of year/wintry blues influence worker happiness; see the Robert Half report/graph




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Brookfield Asset Management Inc. raised US$885.0 million for its infrastructure debt fund




 QUOTES 

+ Life can only be understood backwards; but it must be lived forwards. – Søren Kierkegard

+ Kindness is more than deeds. It’s an attitude, an expression, a look, a touch. It is anything that lifts another person. - Plato




 this week in REITS 


+ Automotive Properties REIT agreed to acquire a luxury dealership property in Kitchener-Waterloo, ON for $7.5 million

+ Maurice Kagan to Director @ Pure Multi-Family REIT LP

+ Slate Office REIT agreed to acquire 31-storey downtown Chicago office complex for US$85.6 million




 INFRASTRUCTURE / P3  


+ Brookfield Asset Management Inc. and partners agreed to acquire Westinghouse Electric Co. (including its nuclear power assets) for US$5.4 billion

+ Canada – U.S. high speed rail project under discussion again; Canada Infrastructure Bank is being discussed as ‘the way to get it done’ …tic toc

+ Infrastructure Ontario and Michael Garron Hospital announced EllisDon Infrastructure Healthcare is the ‘lead proponent’ to design, build and finance redevelopment and a new patient care tower at Michael Garron Hospital

+ SNC-Lavalin led consortium reached an out of court settlement with McGill University Health Centre over their dispute surrounding irregularities on the Glen site hospital; SNC-Lavalin to pay $108.0 million




 CONSTRUCTION NEWS + INNOVATION 

+ B.C. Hydro named its preferred contractor for the generating station and spillways – expected to be $1.0 billion, for the Site C dam

+ 50 best architectural photos of 2017

+ CSA published 2018 Canadian Electrical Code, Part I




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ CPPIB in a JV with The Scion Group acquired a 22-property U.S. portfolio of student housing (13,666 beds) for US$1.1 billion




 INTERESTING  TRENDS IN RETAIL REAL ESTATE 


+ Cadillac Fairview is renovating its food court area at Chinook Mall; $17.0 million investment in dining hall




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓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