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 

+ Allen Sulatycky, Integrity & Ethics Officer @ City of Calgary, retiring

+ Andrew Dyke to Principal @ KPMB Architects

+ Andrew Marchant to Office Managing Dir. Vancouver @ Accenture

+ Dr. Sandra Ann Colbourne to Board Chair @ NorQuest College

+ Jay Muelhoefer to Chief Marketing Officer @ Kinaxis Inc.

+ Kimberly Stewart to Project Mgr. @ Evolution Glass Inc.

+ Mike Pedersen to Board Chair @ Business Development Bank of Canada

+ Paul Huizinga to Office Managing Dir. Calgary @ Accenture

+ Ray Townsend to Sr. VP, Vancouver @ Colliers International

+ Stanley Swiatek to Director @ Relentless Resources Ltd.

+ Steven Silvestre to VP Finance @ Remington Development Corporation


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




 KUDOS 

+ to David Kalinchuk, Economic Development Officer @ Rockyview County, named The Economic Developer of the Year by Economic Developers Alberta

+ to the Giuffre Family – for their $1.5 million donation to the Calgary Public Library; the Alexander Calhoun Library on 14 Street SW will be renamed the ‘Giuffre Family Library’




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ tips on evaluating job candidates: When the Hiring Process Takes Too Long

+ one-in-three employers check out applicants online …




 QUOTES 

+ We didn’t realize we were making memories, we just knew we were having fun. – Winnie the Pooh

+ What we think, we become. - Buddha




 CALGARY OLYMPICS 2026 BID WATCH 


+ City Council approved spending an additional $2.5 million in the big preparation process – provided provincial and federal government support can be secured before the bid is submitted.

+ city staff estimates of ‘total cost’ is now in excess of $4.6 billion

+ City Council have postponed a decision of a ‘public vote’ on the Olympic bid




  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

+ 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

+ 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:
 
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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated March 27, 2018




 TODAY'S HEADLINES


HEADLINES: Alberta Budget | crude prices | Kinder Morgan ruling | MEG closed big sale + Mac Logan interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

This week's conversation with Mac Logan, Planner, former General Mgr. Transportation at City of Calgary and now Principal and Maplehawk. 

Last week's conversation with Mike O'Connor, 'bucket list adventurer' and founder, Pres. & CEO of O'Connor Associates Environmental Inc.

A recent conversation with Lance Laliberte, VP Office Furniture @ Premiere Office Furniture

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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



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



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COMPANY HERE
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RESIDENTIAL SALES



 SAVE THE DATE / upcoming events

+ April 11; Calgary Chamber of Voluntary Organizations, Connections Conference 2018; Ross Glen Hall, Mount Royal University, Calgary; info/register

+ Apr. 19; B’nai Brith Dinner honouring Rachel Notely and Darryl Janz; info/tickets or contact Jerry Spevakow

+ Apr. 25; Vancouver Real Estate Forum, Vancouver Convention Centre; info/registration

+ May 10; Kananaskis Golf Courses re-opening day; bookings online starting Mar. 14; res # 1-877-591-2525

+ June 4-6; OPEX Summit; Operational Excellence in Energy Chemical & Resources, BMO Centre, Calgary; info/agenda

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register , registration now open

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

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


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



 CHARITY GOLF TOURNAMENTS 

+ June 21; 57th Annual CSPG Classic Golf Tournament, Elbow Springs Golf Club, Calgary; info/register


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



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NEWS SUMMARY 
 March 20 ~ 27 


+ Brookfield Asset Management entered into a partnership; Brookfield acquires a 25% interest in Link Financial Group

+ Calgary Stampede – chuckwagon canvas auction netted $3.2 million, up from $2.4 million last year; yahoo!

+ Canbriam Energy closed its $52.0 million transaction with Suncor Energy Inc.; shares for B.C. mineral land holdings assets swap gives Suncor 37% interest in Canbriam

+ current energy prices – live link to current Bloomberg energy prices; crude up, still, after flirting with US$70.0/bbl, on market confidence in OPEC counties holding their line on supply cutbacks … fingers crossed!

+ Federal Court of Appeal dismissed B.C.’s challenge to the National Energy Board’s ruling that allows the Kinder Morgan Canada pipeline expansion project to bypass local bylaws in Burnaby … yay!

+ GOA Budget 2018 introduced in the legislature; projects a balanced budget by 2023-24, cutbacks on municipal grants, a $22.1 billion health care budget and $1.0 billion cut to the infrastructure budget; read the budget speech ; debt is projected as on course for $96.0 billion … tic toc … the optimistic parts of the future projection are reliant on revenues connected with new pipelines

+ Granite Oil Corp. commenced a strategic alternatives review process; advisors have been engaged

+ MEG Energy Corp. closed $1.61 billion sale of its 50% interest in the Access Pipeline and its’ 100% interest in the Stonfell Terminal to Wolf Midstream Inc.

+ rig counts: down 58 to 161 this week; full breakdown

+ U.S. Energy Information Administration published its 2018 Oil and Natural Resources and Technology Annual Energy Outlook for 2018

+ U.S. rig counts: up 5 to 995; read the breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AutoCanada Inc. secure $1.08 billion credit facility

+ Axis Auto Finance Inc. closed $25.0 million unsecured sub. debt financing

+ Bell Canada is on the market to raise US$750.0 million debt financing

+ Brookfield Asset Management Inc. is on the market to raise US$1.6 billion by a bond issue

+ Ceridian HCM Holding Inc. is on the market to raise US$200.0 million by an IPO

+ Fortis Inc. is on the market to raise $500.0 million in equity

+ Pembina Pipeline Corporation closed $700.0 million sr. unsecured debt financing

+ Relentless Resources Ltd. closed $8.25 million equity financing by private placement




 this week in REITS 


+ Nexus REIT agreed to acquire three industrial properties for $64.0 million

+ Nexus REIT agreed to sell two non-core properties (Kelowna & Yellowknife) for $11.3 million

+ Partners REIT put 11 Western Canadian properties on the market For Sale; BMO Capital Markets are handling the sale …




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario awarded a $73.0 million contract to EllisDon Infrastructure Transit to design, build and finance the Kipling Bus Terminal project

+ KPMG published a report: Emerging Trends in Infrastructure




 CONSTRUCTION NEWS + INNOVATION 

+ Lethbridge College won a Prairie Wood Design Award




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ AutoCanada Inc. acquired Grossinger Auto Group (14 dealerships in Illinois); terms not disclosed

+ Google Inc. acquired 1.2 million sq. ft. Chelsea Market property in Manhattan for US$2.4 billion from Jamestown; former Nabisco factory is a full city block development. Google is already a tenant (400,000 sq. ft.) in the property

+ Ontario Power Corporation sold its former Lakeview Generation Station (177 acre waterfront development site in Mississauga) to a consortium of developers for $275.0 million

+ Westbank Corp. and Bos Properties agreed to sell their downtown Vancouver site-assembly for $105.0 million to Hong Kong based buyer




 INTERESTING THINGS IN RETAIL 


+ Premier Outlet Collection – Edmonton International Airport’s outlet mall getting finished; opening is May 2nd with most of its 70 tenants ready to open. The $215.0 million project is an Ivanhoé Cambridge project.

+ Toys “R” Us Canada will likely be sold as a going concern; multiple non-binding offers are on the table …




 SHAREHOLDER MEETINGS

+ Apr. 5; CIBC, Annual Meeting of Shareholders, Halifax

+ Apr. 5; BMO Financial Group, Annual Meeting of Shareholders, Toronto

+ Apr. 6; Royal Bank of Canada, Annual Meeting of Common Shareholders, Toronto

+ Apr. 10; Bank of Nova Scotia, Annual Meeting of Shareholders, Toronto

+ Apr. 12; Cargojet Inc., Annual General and Special Meeting of Shareholders, Toronto

+ Apr. 18; Calgary Real Estate Board, Annual General Meeting, CREB Headquarters, Calgary

+ Apr. 19; Calgary Airport Authority, Annual General Meeting, Calgary Airport Marriott

+ Apr. 20; National Bank of Canada, Annual Meeting, Drummondville, QB

+ May 3; Manulife Financial Corporation, Annual Meeting of Shareholders, Toronto

+ May 8; CT REIT, Annual Meeting of Unitholders, Toronto

+ May 10; Big Rock Brewery Inc., Annual Meeting of Shareholders, Calgary

+ May 10; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, Calgary

+ May 15; Intermap Technologies Corporation, Annual Shareholders Meeting, Calgary


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Government of Canada announced its ENERGY STAR program of building certifications for commercial and institutional buildings

+ Mohawk College’s Joyce Centre for Partnership & Innovation will open in September; will be largest net-zero energy use building in Canada


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this site last updated May 6, 2025