FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Brian McDonald to Director @ Suncor Energy Inc.

+ Calvin McDonald to CEO @ Lululemon Athletica Inc.

+ Cynthia Johnston to Director @ AltaGas Ltd.

+ Daniel Farb, Director @ MEG Energy Corp., resigned

+ Darren Ruhr to Chief Administrative Officer @ Precision Drilling Corporation

+ David Chelkin to VP Strategic Real Estate Initiatives @ Columbia Property Trust

+ David Cornhill to Interim Co-CEO @ AltaGas Ltd.

+ David Harris, Pres. & CEO @ AltaGas Ltd. resigned/forced out

+ Gabby Franco, Advisor to Pres. @ Jiaming Investment Group, retired … now consulting part time

+ Jarome Iginla, hockey star @ Calgary Flames and other places, retired from hockey

+ Jean-Jacques Ruest to CEO @ CN Rail

+ Julie Kerr to Exec. Dir. @ Hull Services

+ Kevin Nielsen to CFO @ Cequence Energy Ltd.

+ Lesley Cook to VP Marketing & Communications @ Trez Capital

+ Mark Kolesar to Chair @ Alberta Utilities Commission

+ Mitz Giannako to Dir. Sales & Customer Experience @ CTECH Consulting Group Inc.

+ Pentti Karkkainen to Director @ AltaGas Ltd.

+ Pete Skelly to Pres. U.S. Group @ Mattamy Homes

+ Philip Knoll to Interim Co-CEO @ AltaGas Ltd.

+ Randy Hawkings to Mgmt. Consultant @ MATRRIX Energy Technologies Inc.

+ Shuja Goraya to Chief Technology Officer @ Precision Drilling Corporation

+ Terry McCallister to Director @ AltaGas Ltd.

+ Tibor Ribi to Regional Dir. AB/BC @ LeaderImpact Calgary

+ Vera Ilnyckyj to Director, Marketing @ Energy Efficiency Alberta

+ Yingchuan Wu to Pres. & CEO @ Vital Energy Inc.


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




 MEMORIAM

+ Alan Castle, retired lawyer and co-founder of the Trinity Place Foundation; 86

+ Barry Steinfeld, Partner @ MacLeod Law; 68

+ Larry Robinson, CFL Hall of Famer, former Calgary Stampeder; 76




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ what’s your best ‘OOO’ message? … check these out

+ do employers hire women who might become pregnant?




 CALGARY OLYMPICS 2026 BID WATCH 


+ in ‘dialogue’ stage

+ City Council continues its debate and in-fighting over whether the work of the bid corporation should be made public or kept private … tic toc

+ CEO appointment expected by Sept./18

+ City Council insistent on funding committments and clarifications for Fed. & Prov. governments by Sept. 10




  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

+ 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 morning


updated July 31, 2018




 TODAY'S HEADLINES


HEADLINES: Calgary to have 14 new communities | CPPIB investing | crude inventory drop | Devonian Gardens re-open | Iginla retirement |TransCanada OK Nebraska route  + Susan Otterson interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

This week's conversation with Susan Otterson, Pres. @ ABL Imaging Group

A recent conversation with Trevor Winkler, Regional Managing Partner @ MNP

A recent conversation with Deb Hymers, Founder/CEO of NSTEP

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



 sponsors of this week's issue:

e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



 CHARITY GOLF TOURNAMENTS 

+ Aug. 8; 2018 Robert Quatsch Memorial Golf Tournament, Sturgeon Valley Golf & Country Club, Edmonton; info/registration

+ Aug. 13; 17th Annual Links & Legends Charity Golf Tournament, Valleyridge Golf Course, Calgary; info/register

+ Sept. 5-6; Calgary Flames Celebrity Charity Golf Classic, Country Hills Gold Club Calgary and Links of Glen Eagles, Cochrane; info/registration

+ Sept. 7; Calgary Drop-in & Rehab Centre – Kindness Open, Silvertip Resort, Canmore; info/register/sponsor


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



 SAVE THE DATE / upcoming events

+ Sept. 1-2; Canmore Highland Games, Centennial Park, Canmore; info/tickets

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 5; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 25-27; International Pipeline EXPO, Telus Convention Centre, Calgary; info/registration

+ Sept. 6; RealREIT Conference, Metro Toronto Convention Centre, Toronto; program/registratio

+ Oct. 23-25; 2018 CanWEA Annual Conference and Exhibition, BMO Centre, Stampede Park, Calgary; info/registration

+ Oct. 30; 24th Annual Joint Conference – GPAC/PJVA; Calgary Petroleum Club, Calgary; info/registration

+ Nov. 28-29; Real Estate Forum, Metro Toronto Convention Centre, info/register

~~

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details


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



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NEWS SUMMARY 
 July 24 ~ 31 


+ Air Canada made $2.25 billion hostile takeover bid to acquire Aeroplan from Aimia Inc.

+ BP agreed to BHP Billiton’s U.S. onshore shale assets for US$10.5 billion

+ Canadian Natural Resources Ltd. agreed to acquire Laricina Energy Ltd.; they’ve got CPPIB shareholders (88.6%) agreement to tender their shares – and they need 90% to seal the deal …

+ City of Calgary – council approved 14 new communities and bump to taxes over next four years to pay for the growth in infrastructure budget … tic toc

+ CPPIB and Encino Energy JV, Encino Acquisition Partners are acquiring a portfolio of land and oil & gas assets in Ohio for US$2.6 billion

+ current energy prices – live link to current Bloomberg energy prices; crude prices up on concerns about falling U.S. inventories (down 6.1 million bbls this week – lowest inventory level, 404.9 million bbls since Feb. 2015 …

+ Devonian Gardens in The Core re-opened after $37.0 million renovation and leak-fix …

+ Morneau Shepell Inc. closed its $231.0 million acquisition of LifeWorks Corporation Ltd.

+ PentaNova Energy Corp. is changing its name to CruzSur Energy Corp.

+ rig counts: up 12 to 223 this week; full breakdown

+ Toscana Energy Income Corporation agreed to acquire Cortona Energy Ltd. for $12.0 million

+ TransCanada Corporation’s Keystone XL Pipeline got environmental authority approval for its

‘new Nebraska route’ …

+ TransMountain Pipeline expansion project started; sod turning/blessing ceremony on Enoch Cree Nation on Edmonton’s west boundary got the project underway …

+ U.S. rig counts: up 2 this week – full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Advantage Lithium Corp. closed $12.0 million equity financing by private placement

+ Cequence Energy Ltd. is on the market to raise $60.0 million in sr. secured debt

+ Cequence Energy Ltd. is on the market to raise $5.0 million by a rights offering 

+ Input Capital Corp. secured $10.0 million credit facility

+ Power Corporation of Canada closed $250.0 million debt financing

+ Red River Capital Corp. closed $300,000.0 equity financing by IPO

+ Vesta Energy Corp. closed $200.0 million sr. unsecured debt financing

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower …




 KUDOS 

+ to McDonalds – congrats on the 50th Anniversary of the Big Mac




 QUOTES 

+ Patience is the ability to count down before you blast off. - unknown

+ If you realized how powerful your thoughts are, you would never think a negative thought. - unknown




 CONSTRUCTION NEWS + INNOVATION 

+ Aecon Group Inc. announced a JV; Mikisew Aecon Limited Partnership – Aecon (49%) and Mikisew Group of Companies (51%) – awarded a Master Service Agreement by Fort Hills Energy L.P. …

+ Graham Construction and Engineering; put on notice by GOA for being behind schedule on the $763.0 million Grande Prairie Regional Hospital project (began July 2011); Notice of Default gives them 15 days from July 30 to submit a plan for getting back on track or face termination … tic toc

+ Thyssenkrupp are taking elevators to new heights in a US$200.0 million HQ and test facility; US$130-150.0 million of that for its high-rise elevator test tower ~ space-age looking design …




 this week in REITS 


+ David Chelkin to VP Strategic Real Estate Initiatives @ Columbia Property Trust

+ Granite REIT is selling two industrial properties (South Carolina and Tennessee) to Magna International Inc. for US$207.0 million

+ Summit Industrial Income REIT acquiring 369,500 sq. ft. logistics facility in Oshawa for $36.9 million




 INFRASTRUCTURE / P3  


+ Calgary City Council approved $400,000.0 expenditure to move council and staff back into the refurbished ‘old city hall’ portion of the Municipal Building complex

+ Carillion Canada sold its Highway Maintenance operations in Alberta and Ontario to Emcon Services Inc.; terms not disclosed.




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Concert Real Estate Corp. bought the downtown Victoria YMCA property for $22.0 million for an undisclosed redevelopment project

+ Gazit Globe sold its remaining interest in Regency Centers Corporation for US$347.0 million

+ GGP (Chicago based mall owner) shareholders approved US$15.0 billion takeover by Brookfield Property Partners L.P.




 INTERESTING THINGS IN OFFICE REAL ESTATE 


+ AIMCo announced it will redevelop HSBC Bank Place in Edmonton’s Ice District; plans will yield ‘AA’ class LEED Gold and WELL Gold certifications; Epic Investment Services and PCL Construction Management will execute the DIALOG design – completion by late 2019




 INTERESTING THINGS IN RETAIL 


+ Chick-fil-A opened its first store outside the U.S.A. in Toronto; the beginning of an international expansion program – targeting 15 stores in the GTA in the next five years




 INTERESTING THINGS IN INDUSTRIAL REAL ESTATE 


+ Walmart Canada announce it will invest $175.0 million to create a new 300,000 sq. ft. sustainable state-of-the-art fulfillment centre in Surrey, BC




 SHAREHOLDER MEETINGS

+ Aug. 21; Raging River Exploration Inc., Special Meeting of Shareholders, Calgary

+ Aug. 21; Baytex Energy Corp., Special Meeting of Shareholders, Calgary


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

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this site last updated May 6, 2025