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 

+ Alan Withey to Interim VP Finance & CFO @ Freehold Royalties Ltd.

+ André Hébert to Director @ Canada Mortgage and Housing Corporation

+ Carl Souchereau to Managing Dir. @ Asset Performance Canada

+ Chelsey Dawes to Acting External Relations Mgr. @ Parks Canada

+ Christopher (Chris) Davis to Sr. Legal Counsel @ Regional Municipality of Wood Buffalo

+ Danica Staudt to Sr. Policy Analyst @ Alberta Agriculture and Forestry

+ Darren Gunderson, VP Finance & CFO @ Freehold Royalties Ltd., resigned

+ Darryl Bergman to CFO @ Exchange Income Corporation

+ David Klan to Pres. & CEO @ Mazda Canada

+ David LaFehr to Director @ TransGlobe Energy Corporation

+ David Sidoo, Pres. & CEO @ EastWest Petroleum Corp., stepped down

+ David Spyker to COO @ Freehold Royalties Ltd.

+ Deeter Schurig to Gen. Mgr. @ cSPACE

+ James Darrach to CEO @ Elexicon Group Inc.

+ Jane Peverett to Director @ Capital Power

+ Joe Freedman to Designated Director @ Bridgemarq Real Estate Services Inc.

+ Joyce Murray to Pres. Treasury Board @ Government of Canada

+ Juyu Jeon to Pres. & CEO @ Mitsubishi Motors Canada

+ Lori Suba to Director, Leasing @ PBA Land & Development

+ Mark Neufeld to Chief of Police @ Calgary Police Service

+ Mark Penn to CEO @ MDC Partners Inc.

+ Matthew O’Connor to Corporate Communications Advisor @ Imperial Oil

+ Michael Wernick, Clerk of the Privy Council @ Government of Canada, stepped down

+ Nicolas Wolff to VP & GM, Boralex Europe @ Boralex Inc.

+ Norman Steinberg to Vice Chair @ BFL Canad

+ Patrick Decostre to VP & COO @ Boralex Inc.

+ Piyush Bhatnagar to Office Managing Dir., Toronto @ Accenture

+ Reid Henry, Gen. Mgr. @ cSPACE, stepped down

+ Rick Couronne to VP Bus. Dev, Western Canada @ Cape Cove Financial Management

+ Rick Manhas, COO @ Cordy Oilfield Services Inc., resigned

+ Scott White to Chairman & CEO @ Invesque Inc.

+ Steve Robitaille to Sr. VP, General Counsel & Corporate Secretary @ Bombardier Inc.

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ disengaged employees are sticking around

+ use-it-or-lose-it paternity benefits




 KUDOS 

+  to Calgarians Pat Moore and Aritha van Herk – invested in the Order of Canada




 QUOTES 

+ Success usually comes to those who are too busy to be looking for it. – Henry David Thoreau

+ Stop chasing the money and start chasing the passion. – Tony Hsieh




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ ABS – Asset Backed Securities

+ 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

+ DAB – Development Appeal Board

+ DILBIT – diluted bitumen

+ 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

+ ISO – International Organization for Standardization

+ 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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ May 21; MOC Summit Golf Tournament for MBI Canadian Foundation, Fairmont Banff Springs GC, Banff; info/register

+ June 9; 4th Annual Max Robinson Children’s Foundation, Crystal Ridge GC, Okotoks; info/register

+ June 20; Ambrose University 2019 Golf Classic, Glen Eagles, Cochrane; info/register

+ June 20; 26th Annual IFMA Calgary Open, Blue Devil Golf Club, Calgary; info/register

+ July 16; Willow Park Charity Golf Classic, Willow Park G&CC, Calgary; info/details

+ Aug. 13-15; Priddis Greens Charity Classic, Priddis Greens G& CC, Priddis; info/details

+ Sept. 4; Little Warriors 4th Annual Golf Tournament, The Quarry, Edmonton; info/register

+ Sept. 5; 2019 Enmax BOMA Golf Tournament, Kananaskis Country GC, Kananaskis; info/register

~

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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



current week data

this  site is refreshed with a new issue every Tuesday


updated March 19, 2019




 TODAY'S HEADLINES


HEADLINES: welcome CALDWELL | Alberta Throne Speech – election call imminent | BCIMC/RBC $7.0 billion JV | Brookfield took stake in Oaktree | Calgary getting Winter X Games | Federal Budget day today | Oxford opened Hudson Yards | Toastmasters OPEN HOUSE + deals + rig counts + upcoming events, appointments, Golf Tournaments + 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 Mike Bodnar, Managing Principal @ Buffalo Fire Engineering Ltd.

A recent conversation with Karen Brookman, Chief Innovation Officer @ West Canadian Digital Imaging

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



 sponsors of this week's issue:

e-mail Les Gombik, Managing Partner
 
RETAINED EXECUTIVE SEARCH - for more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



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



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



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



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

CONTACT MARK KOLKE 
RESIDENTIAL SALES



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



e-mail Elaine Evans
 
FURNISHED EXECUTIVE RENTAL SUITES



e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE - you can help!



 BUILDING OPERATIONS NEWS + INNOVATION 

+ Traction Guest launched a new parking management tool to improve security and manage better …




 CONSTRUCTION NEWS + INNOVATION 

+ construction photo contest finalists

+ B.C. building code adjusted to allow 12-story wood buildings




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Boralex Inc. commissioned 20MW Basse Thierache Nord wind farm in Aisne region of France

+ Titanium Corporation got $50.0 million in Federal and Alberta grand funding for the next phase of its Creating Value from Waste program




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NEWS SUMMARY 
 March 12 ~ 19 


+ a warm welcome to CALDWELL, as a new FACILITYCalgary sponsor

+ Alberta Legislature – spring sitting began March 18th with a Throne Speech – budget and election call expected very soon; the Writ will drop soon, possibly as early as today!

+ BCIMC teamed up with RBC Global Asset Management Inc. and Quadreal Property Group – forming 40 building/$7.0 billion investment property portfolio; BCIMC and RBC are 50-50 partners

+ Brookfield Asset Management agreed to acquire a 62% stake in Oaktree Capital; combined venture is US$475.0 billion firm …

+ Calgary awarded Winter X Games – 3 yrs. commencing in 2020 through to 2022

+ CPPIB formed a US$3.8 billion JV with Williams to do development in the Marcellus/Utica basins

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices continue to tick upward as a result of OPEC production cuts

+ federal budget – comes down this evening; Finance Minister Morneau is expected to table an economy-stimulating pre-election budget touting enough goodies to distract media and critics from the SNC-Lavalin scandal as senior staff and cabinet resignations continue to dog the Prime Minister and his government  – check out the CPA’s reaction/analysis after the budget speech at

+ Horizon North Logistics Inc. agreed to acquire NRB In. (Canada) for $16.5 million

+ Imperial Oil announced it will ramp down/delay development of its Aspen oil sands project due to a lack of pipeline capacity; production to commence in 2022 will be pushed to 2023

+ Oxford Properties et al opened Hudson Yards in NYC; check out these Hudson Yards 7 years … time-lapse photos [2:45 run time], 40,000 people, five towers, one subway station …

+ PHI Hotel Group opened five hotels in Alberta including the new Holiday Inn on Blackfoot Trail; several of its ventures are JV with Siksika Resource Development

+ Precision Drilling Corporation sold five Mexico based rigs for US$48.0 million

+ rig counts - Canada: down 28 to 161 this week; click for full breakdown

+ rig counts – U.S.: down 1 to 1,026 this week; full breakdown

+ Sproule and GTI teamed up to produce

+ Toastmasters Open House – Wednesday March 20th – SPRING OPEN HOUSE at 3500 Foot Toastmasters; free, food, fun and public speaking – check it out: sign up via Event Brite




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Centric Health Corporation closed $12.0 million convertible preferred share financing by private placement

+ CGX Energy Inc. closed $29.025 million equity financing by a rights offering

+ Husky Energy is on the market to raise $750.0 million in sr. unsecured debt

+ IGM Financial Inc. is on the market to raise $250.0 million in debt

+ Lightspeed POS Inc. closed $276.0 million equity financing by IPO

+ Neovasc Inc. closed $5.0 million equity raise

+ Shawcor Ltd. secured US$500.0 million credit facility

+ Triple Five Intercontinental Group Ltd. closed $5.0 million 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 …




 INFRASTRUCTURE / P3  


+ Calgary Transit opened it’s $174.0 million/44,300 sq. m. (476,841 sq. ft.) Stoney Transit Facility/bus barn facility in NE Calgary; will hold 470 CNG (compressed natural gas) buses

+ Deerfoot Trail upgrades planned by GOA; 21-km. stretch from Beddington Trail to Anderson Road will get extra lanes and interchange enhancements - $478.0 million project will commence in 2023

+ expansion/doubling size of BMO Centre at Stampede Park is a go; $166.6 million committed by Government of Canada; Government of Alberta and City of Calgary also in for $166.6 million each

+ Fiera Infrastructure and EllisDon Capital to partner on future Canadian P3 projects

+ Trudeau government committed $168.5 million toward Springbank flood mitigation ‘dam’ funding …




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Hudson Yards project (US$25.0 billion) in NYC opened to the public; check out the photos! – and have a look at this interactive/virtual tour

+ Marriott International is ambitious – they announced plans to open 1,700 new hotels by 2021 while at the same time repaying US$11.0 billion to shareholders …

+ Unibail-Rodamco-Westfield partnering with PSP and QuadReal Property Group for $1.14 billion investment in rental housing in London, UK; PSP Investments and QuadReal will each hold 37.5%




 SAVE THE DATE / upcoming events

+  Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Mar. 29; CAODC Annual Luncheon, Calgary Petroleum Club, Calgary; info/tickets

+ Apr. 4; Vancouver Real Estate Forum, Vancouver Convention Centre West; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ Apr. 9-10; ISA Calgary Show, Stampede Park, Calgary; info/book exhibit space

+ April 23; Canadian Gas Dialogues, Calgary Petroleum Club, Calgary; info/register

+ Apr. 29 – May 1; Canada’s Trends Conference, Fairmont Banff Springs, Banff; info/register

+ Apr. 30; Saskatchewan Real Estate Forum, Saskatoon; info/register

+ Apr. 30 – May 1; Partners in Prevention 2019 – Health & Safety Conference & Trade Show, The International Centre, Mississauga; info/register

+ May 8; Western Canada Apartment Investment Conference, MacEwan University, Edmonton; info/register

+ May 9; Edmonton Real Estate Forum, Edmonton Convention Centre; info/register

+ May 27-29; Williston Basin Petroleum Conference, Delta by Marriot Regina, SK; info/register

+ June 3-4; 2019 Oil Sands Innovation Summit, Hyatt Regency, Calgary; info/register

+ June 10-12; NeoCon, The Mart, Chicago; info/register

+ June 11-12; Downstream 2019, George Brown Conv. Center, Houston; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


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



 SHAREHOLDER MEETINGS

+ Mar. 20; Calgary Exhibition and Stampede Limited, Annual General Meeting of Shareholders, Calgary

+ Mar. 21; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ Mar. 21; European Commercial REIT, Special Meeting of Unitholders, Toronto

+ Mar. 26; ZCL Composites Inc., Speech Meeting of Shareholders and Security Holders, Edmonton

+ Mar. 28; Crius Energy Trust, Special Meeting of Unitholders, Toronto

+ Apr. 4; CIBC, Annual Meeting of Shareholders, Montreal

+ Apr. 4; Royal Bank of Canada, Annual Meeting of Common Shareholders, Halifax

+ Apr. 9; The Bank of Nova Scotia, Annual Meeting of Shareholders, Toronto

+ Apr. 17; Calgary Real Estate Board, Annual General Meeting, Calgary

+ Apr. 18; Calgary Airport Authority, Annual General Meeting, Calgary

+ Apr. 26; TransAlta Corporation, Annual and Special Meeting of Shareholders, Calgary

+ Apr. 30; Canadian National Railway Company, Annual General Meeting of Shareholders, Montreal

+ May 2; Manulife Financial Corporation, Annual Meeting of Shareholders, Toronto

+ May 3; FirstService Corporation, Annual and Special Meeting of Shareholders, Toronto

+ May 3; TransCanada Corporation, Annual and Special Meeting, Calgary

+ May 7; Brookfield Real Estate Services Inc., Annual General Meeting, Toronto

+ May 8; Maxar Technologies Inc., Annual Meeting of Stockholders, Westminster, Colorado

+ May 10; TransGlobe Energy Corporation, Annual General Meeting, Calgary

~

[ please send your event notices and AGM 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