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 

+ Brad Wall to Director @ Nexgen Energy Ltd.

+ Brett Whalen to Director @ CellCube Energy Storage Systems Inc.

+ Brian Rosen to COO @ Colliers Canada

+ Christine Perry to Interior Design Lead, Calgary @ DIALOG

+ Corey Code to VP & CFO @ Encana Corporation

+ Dana Peers to Pres. & Chairman @ Calgary Stampede Board

+ David Ackert to Director @ Centre for Affordable Water and Sanitation Technology

+ David Cornhill, Founder and Chairman @ AltaGas Ltd., stepping down

+ Derrick Hosanna to Associate, Tax @ Bennett Jones

+ Diane Van Weber to HR Business Partner @ Walmart Logistics

+ Don Fox, Exec. VP @ Intact Financial Corporation, leaving the company

+ Donald Sullivan to Sr. Legal Counsel @ Pembina Pipeline Corporation

+ Ed Sonshine, CEO @ RioCan REIT, announced intention to retire

+ Henrik Mickkelsen to Director @ CellCube Energy Storage Systems Inc.

+ Jeffrey McCagi to Director @ Centre for Affordable Water and Sanitation Technology

+ Jim Duggan to Mgr. Corporate Project and Asset Management @ City of Calgary

+ Johnathan Dyck to Dir. Business Dev. & Marketing @ Aggregates Marketing Inc.

+ Jonathan Gitlin to Pres. & COO @ RioCan REIT

+ Laura Inglis to Partner @ Bennett Jones LLP

+ Lesley Gallinger to Pres & CEO @ Elexicon Energy Inc.

+ Mark Silver to Advisor @ Imagination Park Technologies Inc.

+ Michael Loughlean to Dir. of Innovation @ Suncor Energy

+ Michael Koshan to CFO @ Dealnet Capital Corp.

+ Michael Nobrega to Director @ CellCube Energy Storage Systems Inc.

+ Mike Cautillo to Sr. Advisor @ StrateyCorp. Inc.

+ Monika Swiderski to Reporting Accountant @ Encana Corporation

+ Pentti Karkkainen to Chair @ AltaGas Ltd.

+ Philippe Jette to Director @ Cogeco Inc.

+ Randy Smith to Practice Leader, Building Science @ Williams Engineering Canada Inc.

+ Rich Horning to Dir., Development and Communications @ AdaptAbilities

+ Romeo Rojas to Partner @ Bennett Jones LLP

+ Rory Gill to Pres. @ CUPE Alberta

+ Ross McGowan to Technical Sales @ John Brooks Company Limited

+ Sabah Mirza to Director @ City Office REIT

+ Samih Elhage to Director @ Cogeco Inc.

+ Sherri Brillon, CFO @ Encana Corporation, retiring

+ Stefan Schauss to CEO @ CellCube Energy Storage Systems Inc.

+ Stephen Wiens to COO @ Spire Development Corporation

+ Steve McDonough to First Vice-Chair @ Calgary Stampede Board

+ Tyran Ault to Mgr., Government Relations @ Suncor Energy

+ Will Osler to Second Vice-Chair @ Calgary Stampede Board

~

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




 MEMORIAM

+ Bob Mackie, retired lawyer/litigatgor (McLaws and Company), landlord (Lancaster Building), former member of DAB; 83

+ Del Zingle, Chartered Accountant and co-founder of Association Management Centre and DataHive ; 83




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ mental wellness; who is leading the discussion?

+ men still earn 25% more in Canada

+ UK hiring spree in the face of Brexit – really? … yes




 QUOTES 

+ I owe my success to having listened respectfully to the very best advice, and then going away and doing the exact opposite. – G.K. Chesterton

+ Be mindful of how you treat people. Be mindful of how you handle things. Be mindful of your intentions. Be mindful. – Alex Elle




 KUDOS 

+ to Calgary Inferno women’s hockey team – winners of the Clarkson Cup, champions of the Canadian Women’s Hockey League

+ to Heather Reisman (Chapters/Indigo) and Gerald Schwartz (Onex) for their $100.0 million donation to the University of Toronto – to fund Phase 1 and 2 of a multi-building technology and innovation facility to be known as the Schwartz Reisman Institute for Technology and Society




  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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




current week data

this  site is refreshed with a new issue every Tuesday


updated March 26, 2019




 TODAY'S HEADLINES


HEADLINES: Alberta election call | BC changing LNG rules | Stampede tarp sale | Enmax $1.8 billion purchase | Federal Budget | Innergex sale | Onyx buying Gluskin Sheff | Red Mile construction on hold for the Flames | Tidewater selling Pipestone co-gen plant + Laureen Regan interview  + 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:

This week's conversation with Laureen Regan, Pres. & CEO @ BOOM Group Inc.

A recent conversation with Mike Bodnar, Managing Principal @ Buffalo Fire Engineering Ltd.

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



 sponsors of this week's issue:

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



e-mail to Katherine Robinson, Managing Director

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



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



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!



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



 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 ]




 CONSTRUCTION NEWS + INNOVATION 

+ Athlete’s Village for Paris 2024 Olympics … check this out!

+ B.C. building code changes will now allow wood construction buildings of up to 12 floors (previously six was the maximum)


 this week in REITS 


+ BSR REIT agreed to acquire the Wimberly apartment project (1,143 apartments) in Dallas, TX for US$53.05 million

+ Ed Sonshine, CEO @ RioCan REIT, announced intention to retire

+ European Commercial REIT got unitholder approval to acquire a portfolio of 41 properties (2,091 suites) from CAP REIT

+ Jonathan Gitlin to Pres. & COO @ RioCan REIT

+ Summit Industrial Income REIT agreed to internalize its asset and property management functions; Summit will acquired the position/interests of Sigma Asset Management Limited for $95.0 million




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Innergex Renewable Energy Inc. agreed to sell its entire interest in Icelandic assets for US$304.8 million




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 - 2019 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 FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 March 19 ~ 26 


+ ALBERTA Election watch: election called by Rachel Notley; Albertans go to the polls on Tuesday April 16th – the economy, health care, pipelines and Ottawa bashing were issues all parties were talking about – poll data suggests NDP are in trouble, but each day another UCP gaff/potential scandal/candidate resignation muddies their water … tic toc; Alberta Party, Liberals and Fildebrandt’s new conservative party round out the rest of candidates; Election Website

+ BC government made announcements that will introduce legislation and tax credit measures to complete the LNG framework for LNG export ventures on the BC coast

+ Calgary Stampede – tarp auction; top bid (kudos to GrahamGroup Ltd.) for Troy Dorchester rig, $150,000.0; total auction proceeds $3.285 million – YAHOO!

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices steady …

+ Enmax Corp. agreed to acquire Emera’s electrical transmission and distribution assets in Maine for $1.8 billion; this is Enmax’s first acquisition outside Canada

+ Federal Budget: cabinet members are running around the country re-announcing everything anywhere they can find a microphone. Every accounting firm, lobby group and political party are putting out spin on what the Finance Minister really said – some very pro, some very con. Here’s the actual speech. The Globe did a nice summary complete with colour graphs. Everyone agrees, this is the Liberal re-election/deflect from SNC-Lavalin scandal fare … tic toc.

+ Fiera Capital Corporation agreed to acquire Integrated Asset Management Corp. for $74.0 million

+ Innergex Renewable Energy Inc. agreed to sell its entire interest in Icelandic assets for US$304.8 million

+ NEB reported crude-by-rail exports in January (325,500 bbl/day) fell from December levels as production reductions eased; nonetheless, crude-by-rail shipments are more than double the volume a year ago

+ Onex Corp. agreed to acquire Gluskin Sheff for $445.0 million

+ Red Mile roadwork put on hold; 17th Ave SW modifications put on hold for the duration of Calgary Flames playoff run … as merchants, restaurants and bars gear up for NHL playoff season

+ Return Energy Inc. commenced a strategic alternatives review process

+ rig counts - Canada: down 56 to 105 this week; click for full breakdown

+ rig counts – U.S.: down 10 to 1,016 this week; full breakdown

+ Tidewater Midstream and Infrastructure Ltd. agreed to sell its Pipestone Gas Plant’s 32MW cogeneration units to Kineticor Resource Corp. for $85.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Canada House Wellness Group Inc. closed $3.3 million equity financing

+ Carbon Engineering Ltd. closed US$68.0 million equity financing by private placement

+ Fairstone Financial Inc. closed $322.44 million in ABS debt financing transactions

+ IGM Financial Inc. closed $250.0 million debt financing

+ Inter Pipeline Ltd. is on the market to raise $750.0 million sub. debt financing

+ Leonuvus Inc. closed $2.2 million equity financing by a rights offering

+ North American Construction Group Ltd. closed $55.0 million unsecured sub. debt financing

+ Serinus Energy Inc. closed US$3.0 million equity financing by private placement

+ Standard Lithium Ltd. closed $11.4 million equity financing

+ TransAlta Corporation closed $750.0 million redeemable convertible 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  


+ Connor, Clark & Lyunn Infrastructure and partners acquired Regional Power Inc. (70 MW) from the Manufacturers Life Insurance Company; purchase terms not disclosed

+ Emera Inc. agreed to sell its electrical transmission and distribution assets in Maine to Enmax Corp. for $1.8 billion

+ Innergex Renewable Energy Inc. agreed to sell its entire interest in Icelandic assets for US$304.8 million

+ Ontario Teachers’ Pension Plan, CPPIB and partners formed Triton Bidco – made a friendly cash offer takeover bid to acquire Immarsat




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ JLL agreed to acquire/merge with HFFLP




 INTERESTING THINGS IN RETAIL  


+ DSW Inc. (Designer Show Warehouse) announced plans to add 50 stores this year in Canada

+ MTY Food Group Inc. closed its $5.1 million acquisition of South Street Burger (24 franchised stores, 13 corporate stores)

+ The Best Shop will open a store in The New Horizon Mall; 10 months after opening the mall is still largely empty. Only nine of 517 stalls are open for business … tic toc




 INTERESTING THINGS IN INDUSTRIAL REAL ESTATE 


+ IKO Industries announced thy are building a $70.0 million / 500,000 sq. ft. facility in Hagerstown, Maryland




 SAVE THE DATE / upcoming events

+ Mar. 28; MVP Advanced Toastmasters OPEN HOUSE, Meeting/Food/Free, Calgary; information /  directions/map

+ 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

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

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


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



 SHAREHOLDER MEETINGS

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

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

+ Apr. 2; Bank of Montreal, Annual Meeting of Shareholders, 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. 16, Alberta Provincial Election – everywhere in Alberta – get out and VOTE!

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

+ Apr. 18; Africa Oil Corp., Annual General and Special Meeting of Shareholders, Vancouver

+ 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; Baytex Energy Corp., Annual and Special Meeting of Shareholders, Calgary

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

+ May 3; Choice Properties REIT, Annual General Meeting, 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 7; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, Calgary

+ 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