FACILITYCalgary

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

FACILITYCalgary May 27/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Andre Hidi to Vice-Chair Capital Markets Div. @ Bank of Montreal

+ Andrea McLane to Director, Group Risk Management – Credit, Global Energy @ RBC Capital Markets

+ Garth MacRae to Director @ Eurogas International Inc.

+ Jaffar Khan, Pres. CEO & Director @ Eurogas International Inc., resigned

+ Jaffer Khan, Director @ Dundee Energy Limited, resigned

+ Jeremie Lavoie to CFO @ C02 Solutions Inc.

+ Julie Payette to Governor General @ Government of Canada

+ Julie Payette, Director @ National Bank of Canada, stepped down

+ Michelle Collins to Director @ CIBC

+ Natalia Reiman to Board Chair @ Grande Prairie Regional College

+ Robert Pearce to Director @ First National Financial Corporation

+ Rona Ambrose to Director @ TransAlta Corporation

+ Thierry Vandal, Director @ Veresen Inc., resigned

+ Thom Skinner, CFO @ C02 Solutions Inc., retired

+ Wayne Arsenault to Pres. & CEO @ Big Rock Brewery Inc.
+ Yousry Bissada to Pres. & CEO @ Home Capital Group Inc.


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




IN MEMORIAM

+ Herb Belcourt of Sherwood Park – entrepreneur, philanthropist and Order of Canada recipient, died

+ Hersh Wolch Q.C., celebrated trial lawyer and advocate for the wrongly convicted, died

+ Winston ‘Winnie’ Bruce, retired Calgary Stampede Rodeo Manager, died




 SAVE THE DATE / upcoming events

+ Aug. 12-13; 9th Annual Enbridge Ride to Conquer Cancer; info/register/sign-up/sponsor

+ Sept. 2-3; 27th Annual Canmore Highland Games, Canmore, info/volunteering/tickets

+ Sept. 6; Canadian Apartment Investment Conference, Toronto Convention Centre; info/register

+ Sept. 7; Real REIT, Toronto Convention Centre; info/register

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


[send your event notices to:  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 July 18, 2017




 TODAY'S HEADLINES


HEADLINES: BC wildfires | BrightPath sale | Brookfield buys gas stations | Stampede success! | CPPIB & Vermillion buy Irish gas field | Sears selloff + Christine Zwozdesky interview | interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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CONVERSATIONS

This week's conversation with Christine Zwozdesky, Chair of Real Estate Council of Alberta (RECA)

Last week's conversation with Jay Sinclair, Sr. VP, Team Leader Construction @ AON

A recent conversation with Steve Mamchur, Pharmacist/Owner of KenRon Compounding Pharmacy

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



 sponsors of this week's issue:

CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Aug. 15-17; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register

+ Sept. 11-12; Flames Golf Classic, Country Hills and The Hamptons golf clubs; info/register


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ ECO Canada's Internship Program received substantial funding; provides up to 50% in salary for environmental jobs in Natural Resource Sectors; for creation of environmentally focused career opportunities for new graduates and corporations

+ Calgary’s $143.0 million Shepard composting facility opened




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NEWS SUMMARY 
 July 11 ~ 18 


+ Bank of Canada increased its overnight target rate to ¾ of 1% first increase in seven years; most chartered banks and mortgage lenders followed the news with corresponding interest rate bumps

+ B.C. wildfires have displaced 40,000 in the interior/Cariboo areas; Williams Lake is largest town evacuated – lumber and oil & gas/pipeline operations in fire areas shuttered … tic toc

+ BrightPath Early Learning Inc. got shareholder approval for its arrangement with Busy Bee Holdings Limited

+ Brookfield Business Partners L.P. completed the $540.0 million acquisition of Loblaw’s gas station operations (213 retail locations); will rebrand as Mobil

+ Calgary Stampede attendance estimated was 1,214,972 amid ‘mostly great’ weather

+ Canada Bread Company announced it will close its Calgary bakery in September

+ Cenovus Energy Inc. engaged investment bankers to sell its Weyburn and Pallier asset portfolios; expected to generate $2.5 billion

+ CPPIB partnered with Vermilion Energy Inc.; to acquire 45% interest in Corrib Natural Gas Field in Ireland from Shell Exploration Company B.V. for EUR830.0 million; Vermilion will operate the asset

+ current energy prices – live link to current Bloomberg energy prices; crude rose and then dipped; not buoyed by increased Chinese demand while concerns about glut persist …

+ Circa Enterprises Inc. closed its acquisition of Guardian Telecom Inc.; terms not disclosed

+ Lonestar West Inc. shareholders approved pending takeover by Clean Harbors Inc.

+ Northern Blizzard Resources Inc. changed its name to Cona Resources Ltd.

+ Pembina Pipeline Corporation’s combination with/acquisition of Veresen Inc. got a green light from Veresen shareholders & court approval; closing to occur later this year after securing Competition Act and stock exchange clearances
+ Pengrowth Energy Corporation agreed to sell a portfolio of Central Alberta assets for $300.0 million; name of buyer not disclosed

+ rig counts: up 16 this week to 191 ; full Western Canadian breakdown

+ Sears Canada Inc. is for sale; restructuring under CCAA; looks like laid off employees and pensioners will get severely short-changed

+ Tervita Corporation acquired Columbia Recycle (2008) Ltd.

+ Trump Administration have tabled 100 negotiating points with Canada and Mexico as ‘renegotiate NAFTA process’ begins …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Brookfield Renewable Partners LP closed US$475.0 million secured green bond debt financing

+ Inventsys closed $10.0 million equity financing

+ True North Commercial REIT closed $30.0 million equity financing




 QUOTES

+ Eye contact is way more intimate than words will ever be. – Faraaz Kazi

+ Do not let what you cannot do interfere with what you can do. – John Wooden




 this week in REITS 


+ Crombie REIT closed its acquisition of 12-15-1255 McCowan Road, a retail centre with 4.5 acre residential development site in Toronto for $42.0 million

+ Morguard North American Residential REIT closed its $287.5 million acquisition of 515-suite building in Chicago

+ Morguard North American Residential REIT closed its $55.7 million acquisition if 104-suite building in Falls Chuch, VA

+ Northwest Healthcare Properties REIT sub. NorthWest Australia closed its $600.0 million acquisition of a 16 property portfolio of hospitals, medical centers, laboratories and age-care facilities in Australia

+ True North Commercial REIT closed $30.0 million equity financing




 INFRASTRUCTURE / P3  


+ Chinook Resource Management Group (Maple Reinders PPP Ltd. is a partner) completed City of Calgary's Source Separated Organics Class A Biosolids in-vessel composting facility - delivered as a Design-Build-Finance-Operate-Maintain Public-Private Partnership (P3) model; first composting facility to be delivered under the P3 model in Canada, largest of its kind in North America




 CORPORATE RESPONSIBILITY REPORTS 


+ Cenovus Energy Inc. released its 2016 Corporate Responsibility Report

+ Suncor Energy Inc. released its 2017 Report on Sustainability



INTERESTING REAL ESTATE NEWS, other places


+ First Canadian Management Corp. of Burnaby acquired Charlottetown Inn & Conference Centre (143-keys, amenities and 8,000 sq. ft. of meeting space); terms not disclosed

+ Grouse Mountain in Vancouver was sold to Chinese investors; China Minsheng Investment Group acquired the property for a ‘reported’ $200.0 million

+ Ivanhoé Cambridge completed its acquisition of Evergreen Industrial Properties (150 properties/16 million sq. ft./18 major U.S. markets) for US$1.0 billion




 SHAREHOLDER MEETINGS

+ July 26; Sunshine Oilsands Ltd., Special Meeting of Shareholders, Hong Kong

+ Aug. 3; PRO REIT, Special Meeting of Unitholders, Montreal


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



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this site last updated May 27, 2025