FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrew Squires to Pres. & COO @ Potash Ridge Corporation

+ Bill Black to VP Bus. Dev. @ Allied Contractors Inc.

+ Bonnie Brooks to Advisory Group @ Smooth Commerce

+ Chris O’Riley to Pres. @ B.C. Hydro

+ Debbie Poulin to Property Administrator Supervisor @ Strategic Group

+ Hal Kvisle to Director @ Finning International Inc.

+ Jessica McDonald, Pres. & CEO @ B.C. Hydro, fired

+ John Horgan Sworn In as Premier @ Government of British Columbia

+ Ken Paterson to Chair @ B.C. Hydro

+ Kenn Lalonde to Chair @ Insurance Bureau of Canada

+ Kunal Parmar to Principal @ Aurora Strategy Group Inc.

+ Mike Kozakewich to Calgary Regional Mgr. @ Ledcor Group

+ Nathan Cooper to Interim Leader @ United Conservative Party

+ Rona Ambrose to Advisory Council @ Canadian Global Affairs Institute

+ Ross Phillips to VP Corp. Development & Chief Commercial Officer @ Potash Ridge Corporation

+ Todd Rowan to Interim CEO Karnalyte Resources Inc.

+ Warren Gilman to Director @ NexGen Energy Ltd.


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




 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




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current week data

this  site is refreshed with a new issue every Tuesday morning


updated July 25, 2017


 TODAY'S HEADLINES


HEADLINES: Calgary Olympic Bid | crude is UP | IMCO launched | Shaw Communications closes $430 million spectrum buy | Wild Rose & PC’s merging + Ian Morrison interview  upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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CONVERSATIONS

This week's conversation with Ian Morrison, Financial Advisor and Manager of Cross-border Investments at Raymond James

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

A recent conversation with Jay Sinclair, Sr. VP, Team Leader Construction @ AON

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



 sponsors of this week's issue:

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



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



 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 

+ Siemens Wind Power Limited is closing its Tillsonburg, ON plant; 340 jobs will go by end of 2017 as worldwide competition for turbine blades heats up/prices drop …



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NEWS SUMMARY 
 July 18 ~ 25 


+ about our Sponsors: many thanks and welcome to Lawson Projects, our newest sponsor. Also, thanks to Kasian (continuing the support of Martens-Group) and Lignum Interiors for their recent renewals; your support is very important and valued

+ Calgary Olympics Bid: after 10 months of work and $3.0 million of its $5.0 million budget spent, Calgary Bid Exploration Committee’s presented its recommendations to Calgary City Council who nixed the idea of a plebiscite concurrent with this October’s municipal election. Next discussion on whether or not to make a bid will come back to July 31st meeting … tic toc
+ Ceiba Energy Services Inc. got court approval for its takeover of Secure Energy Services Inc.

+ current energy prices – live link to current Bloomberg energy prices; crude prices up on drop in U.S. fuel stocks and reports Saudi and Russia will cap crude exports and other reporting coming out of OPEC meetings … tic toc

+ Ontario Pension Board placed its assets ($60.0 billion portfolio), along with those of Workplace Safety and Insurance Board, into the hands of Investment Management Corporation of Ontario (IMCO); IMCO is modelled after AIMCo and bcIMC

+ PentaNova Energy Corp. closed its acquisition of 100% of the shares of Patagonia Oil Corp.

+ rig counts: Canada’s weekly count up 15 to 206 – full breakdown

+ Shaw Communications closed its $430.0 million acquisition of wireless spectrum licences from Quebecor Media Inc.

+ unite the right update: both Progressive Conservative Party and Wild Rose Party members approved a merger; new party is ‘United Conservative Party’ … their leadership contest has begun with several candidates already declared … tic toc




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alimentation Couche-Tard Inc. is on the market to raise US$2.5 billion in sr. unsecured debt

+ CounterPath Corporation closed US$1,186,328.0 equity financing by private placement

+ Dream Global REIT is on the market to raise EUR375.0 million in sr. unsecured debt

+ European Commercial REIT is on the market to raise $33.4 million in equity

+ European Commercial REIT is on the market to raise $1.6 million in equity by private placement

+ Hydro One Limited is on the market to raise $1.4 billion in convertible debt

+ Middlefield Healthcare & Life Sciences Dividend Fund closed $102.0 million equity IPO

+ NexGen Energy Ltd. closed US$50.0 million equity financing

+ NexGen Energy Ltd. closed US$60.0 million unsecured convertible debt financing

+ PentaNova Energy Corp. closed $29.6 million equity financing by private placement

+ Toronto-Dominion Bank is on the market to raise $1.5 billion in unsecured sub. debt

+ True North Commercial REIT closed $32,150,000.0 equity financing

+ Westcore Energy Ltd. closed $499,950.0 equity financing by private placement

+ WPT Industrial REIT closed US$126.6 million equity financing



 QUOTES

+ Encouraged people achieve the best; dominated people achieve second best; neglected people achieve the least. - anonymous

+ Love is so short, forgetting is so long. – Pablo Neruda




 CONSTRUCTION NEWS + INNOVATION 

+ cohousing can make us happier (and live longer) … really?  YES, according to architect Grace Kim – check out her TEDtalk; maybe this kind of ‘secret sauce’ and communitas could catch on; a co-op, of sorts, but with some differences …

+ pilot offshore city coming soon to Tahiti – gives off-shoring a whole new meaning

+ soon to open Wilshire Grand Center - largest building west of the Mississippi, in downtown Los Angeles – is remarkable; 73-story hotel (889 rooms), built to stringent seismic standards (it sits near the San Andreas Fault)

+ AND, just to see something really cool, check out the new Beijing Mega-Airport




 this week in REITS 


+ Dream Global REIT is on the market to raise EUR375.0 million in sr. unsecured debt

+ European Commercial REIT is on the market to raise $33.4 million in equity

+ European Commercial REIT is on the market to raise $1.6 million in equity by private placement

+ Fronsac REIT acquired two properties (retail gas stations) in St-Eaustache, QB for $3.525 million

+ H&R REIT and RioCan REIT are reported to be ‘in the hunt’ for Sears Canada real estate assets … tic toc

+ True North Commercial REIT closed $32,150,000.0 equity financing

+ WPT Industrial REIT closed US$126.6 million equity financing



 INFRASTRUCTURE / P3  


+ Glenmore Drive/Ogden Road overpass/interchange opened; the $90.0 million project eliminated the last of the traffic lights between Sarcee Trail and Barlow Trail, AND it will allow the future GreenLine LRT to pass under it

+ Hydro One Limited agreed to acquire Avista Corporation for $6.7 billion; combined enterprise value is $31.2 billion

+ Infrastructure Ontario invited three short-listed teams to bid on its OPP Modernization, Phase Two project – Bird Capital Limited Partnership (Bird Capital), DBF Pomerleau Team and EllisDon Infrastructure Justice




INTERESTING REAL ESTATE NEWS, other places


+ FedEx is closing its 24 ‘office stores’ (BC, Ontario, and Nova Scotia) … kept from its KINKO’S takeover

+ Hilton Grand Vacations and Blackstone Real Estate Partners VIII acquired The Elera in Las Vegas, NV – a 25% stake for US$40.0 million … world’s largest (1,201 keys) time-share resort




 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 ]

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.


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this site last updated May 6, 2025