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 

+ Andy Rige to Assistant Deputy Minister, Properties Division @ Alberta Infrastructure

+ Bryan Hickman to Sr. VP Investments @ Invesque Inc.

+ Frank Hennessey to CEO @ Cara Operations Ltd.

+ Geoff Lowe to CFO @ Enercare Inc.

+ Irfan Sabir to Acting Minister of Seniors and Housing @ Government of Alberta

+ James Reid to Exec VP, Chief Legal Officer & Corporate Secretary @ Fortis Inc.

+ Jeremy Rabe to Pres. & CEO @ Aimia Inc.

+ Jocelyn Perry to Exec. VP & CFO @ Fortis Inc.

+ John Festival to Director @ Gibson Energy Inc.

+ Lori Sigurdson, Minister of Seniors and Housing @ Government of Alberta, taking medical leave

+ Manuel Morales to Chief Scientist, Artificial Intelligence @ National Bank of Canada

+ Mary Anne Whitney to CFO @ Waste Connections Inc.

+ Murray Hanstead to Sr. VP & CFO @ Tundra Oil & Gas

+ Robert Comeau to Director @ Alithya Group

+ Shigenobu Kobayashi to General Consul for Japan in Calgary

+ Sir Li Ka-shing, Chairman/CEO @ Cheung Kong Holdings/CK Hutchison Holdings, retired

+ Susan Kudzman to Board Chair @ Yellow Pages Limited

+ Terry Rock to Pres. & CEO @ Calgary Technologies Inc.

+ Victor Li to Chairman @ Cheung Kong Holdings/CK Hutchison Holdings

+ Worthing Jackman to Pres. @ West Connections Inc.


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




 MEMORIAM

+ Charlie Russell, celebrated naturalist and bear expert; 76

+ Frank King, former Chair & CEO of Calgary 1988 Winter Olympics; 81




 KUDOS 

+ to eight Albertans to be invested Oct. 18th in the Alberta Order of Excellence; Reg Basken, Rosella Bjornson, Wayne Chiu, k.d. lang, David Manz, Sol Rolingher, Allan Wachowich and Ralph Young

+ to Harold Kingston and Merwan Saher – recipients of Lifetime Achievement Award by Chartered Professional Accountants of Alberta




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Glassdoor agreed to be acquired by Recruit Holdings for US$1.2 billion

+ OMERS Private Equity agreed to acquired Alexander Mann Solutions, London based talent acquisition firm, for £820.0 million

+ temporary/work-permit foreign work program facing audits/on-site inspections, 7 times the intensity of last year




 QUOTES 

+ Whenever you see a successful business, someone once made a courageous decision. – Peter Drucker

+ Take up one idea. Make that one idea your life. Think of it, dream of it, live on that idea. Let brain, muscles, nerves, every part of your body be full of that idea. That is the way to success. – Swami Vivkanada




  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

+ 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

+ 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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this  site is refreshed with a new issue every Tuesday morning


updated May 15, 2018




 TODAY'S HEADLINES


HEADLINES: Canadian Tire buying Helly Hansen | crude UP some more! | Enbridge asset sales | Kananaskis golf opening + Mona Cooley interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

This week's conversation with Mona Cooley, Founder/CEO @ Cool Family Solutions

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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



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



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 INTERESTING THINGS IN RETAIL 


+ Shell Canada and Freshii struck a deal; first phase is 25 locations will sell Freshii product – and three flagship locations will include full Freshii restaurants …




 SAVE THE DATE / upcoming events

+ June 3; Pure West Art & Artifact Auction (speakers, Ian Tyson performing), Deane House, info/tickets

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

+ June 6; U of C/School of Public Policy, ‘Bridging Divides: In Search of Sound Public Policies for Energy and Environment in Canada, Fairmont Palliser Hotel, Calgary; register/tickets

+ 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 ]



 CORPORATE RESPONSIBILITY REPORTS 


+ HSBC Bank Canada published its 2017 Public Accountability Statement

+ Manulife Financial Corporation released its 2017 Corporate Citizenship Public Accountability Statement




 CHARITY GOLF TOURNAMENTS 

+ June 8; 16th Annual Alberta Treasury Management Charity Classic, Canmore Golf and Curling Club, Canmore; info/register

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

+ July 5; 16th Annual Coast Hotels-Shuhachi Naito Golf Classic, Tsawwassen Springs, Delta, BC; info/register


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



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NEWS SUMMARY 
 May 8 ~ 15 


+ Canadian Tire Corporation Limited agreed to acquire Helly Hansen from Ontario Teachers’ Pension Plan for $985.0 million

+ current energy prices – live link to current Bloomberg energy prices; up strongly last week, dipped, then up again to US$71/bbl for WTI, US$78/bbl for Brent yesterday – 3 ½ yr. highs on concerns that imposition of U.S. sanctions against Iran will tighten supply …

+ Enbridge Line 3 replacement project; Enbridge are appealing a ruling about routing through Minnesota … tic toc

+ Enbridge Inc.’s sub. Enbridge (U.S.) Inc. agreed to sell Midcoast Operating L.P. to AL Midcoast Holdings LLC for US$1.12 billion

+ Enbridge Income Fund Holdings Inc. agreed to sell 49% interest in a portfolio of renewable and power generation assets to CPPIB for $1.05 billion

+ Enbridge Income Fund Holdings Inc. agreed to sell 49% interest in a portfolio of North American on-shore renewable power assets and 49% interest in two German offshore wind projects to CPPIB for $1.75 billion

+ GoodFood launched operations in Calgary; 40 full-time employees with plans to grow ..

+ Kananaskis Country Golf Course re-opened after $23.0 million in repairs from 2013 flood damage; first drive off the first tee, golf course architect/friend extraordinaire Gary Browning …

+ Metro Supply Chain Group acquired the Ontario operations of Van De Water-Raymond Ltd.

+ Perpetual Energy Inc. closed $10.0 million sale of non-core asses

+ Pieridae Energy Limited secured a binding LNG purchase agreement from a European utility; 1 million tonnes/annum deal starts in 2023, runs for 10 yrs.

+ rig counts: down 7 to 79; full activity breakdown

+ Sterling Resources Ltd. planning a name change to: PetroTal Ltd.

+ Symbility Solutions sold its Symbility Health Division to TELUS Health for $16.5 million

+ U.S. rig counts: up to 11 to 1,045; full activity breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ BSR REIT is on the market to raise US$135.0 million in equity

+ Canadian Pacific Railway Limited is on the market to raise US$500.0 million in debt

+ Clarocity Corporation closed $425,000.0 – fifth tranche of a debt financing

+ Great-West Lifeco is on the market to raise US$800.0 million in sr. debt

+ Metropolitan Energy Corp. is on the market to raise $750,000.0 in equity by private placement

+ Morguard closed $200.0 million sr. unsecured debt financing

+ Surge Energy Inc. secured $350.0 million credit facility

+ UrtheCast Corp. secured US$142.0 million credit facility

+ Vertex Resource Group Ltd. is on the market to raise $70.0 million in sr. secured debt




 this week in REITS 


+ BSR REIT is on the market to raise US$135.0 million in equity

+ Crombie REIT agreed to sell a 50% stake in nine retail properties (Ontario, Alberta, BC) for Northam Realty Advisors Limited and selling a drug store anchored centre in Napanee, ON, for $9.0 million; in all, $142.0 million

+ CT REIT agreed to acquire four Canadian Tire stores (191,000 sq. ft.) for $35.0 million

+ Granite REIT agreed to acquired 3.8 million sq. ft. of buildings on 78 acres in Columbus, OH for US$232.5 million

+ H&R REIT agreed to sell 63 U.S. properties for US$633.0 million

+ Purpose Investments Inc. acquired an interest in Alliance REIT Management Corp; renamed as Purpose Alliance REIT

+ Slate Office REIT agreed to sell an Etobicoke, ON property for $16.74 million

+ Summit Industrial Income REIT agreed to sell 75% in four properties (Brockville, Ottawa, Mississauga and Laval) for $46.4 million

+ True North Commercial REIT agreed to acquire 274,085 sq. ft. LEED Gold, Class A office building in Toronto for $85.15 million




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Akumin Inc. closed its acquisition of four medical care facilities in Florida; terms not disclosed

+ City of Edmonton received 62 proposals for redevelopment of Northlands Exhibition Lands and Northlands Colesium




 SHAREHOLDER MEETINGS

+ May 15; Innergex Renewable Energy Inc., Annual and Special Meeting of Shareholders, Calgary

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

+ May 18; Cona Resources Ltd., Annual and Special Meeting, Calgary

+ May 23; Mosaic Capital Corporation, Annual General Meeting, Calgary

+ May 25; Spartan Energy Corp., Special Meeting, Calgary

+ May 29; Crius Energy Trust, Annual and Special Meeting, Toronto

+ May 29; VIA Rail Canada, Annual Public Meeting, Montreal

+ May 30; Sterling Resources Ld., Annual General and Special Meeting of Shareholders, Calgary

+ June 7; Dollarama Inc., Annual Meeting of Shareholders, Montreal

+ June 13; K-Bro Linen Inc., Annual General Meeting, Toronto

+ June 26; Eagle Energy Inc., Annual General Meeting, Calgary

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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Vancouver Regional Construction Association (VRCA) in partnership with City of Vancouver, Passive House Canada, and Open Green Building Society are building a Vancouver Zero Emissions Building Centre of Excellence

+ green buildings aren’t enough??? … now there is talk of green-zoning in Seattle, San Francisco and Toronto – coming soon to a community near you … tic toc




 INFRASTRUCTURE / P3  


+ Alberta Transportation published its 2018 Construction Program for Highway & Water Management Projects; 47 page downloadable PDF

+ City of Calgary unveiled plans/designs for a new $23.0 million 4-lane bridge on 9th Avenue SE  over the Elbow River connecting downtown to Inglewood/Ramsay; plan will involve use of some original (circa 1909) span




 CONSTRUCTION NEWS + INNOVATION 

+ PCL eliminated its data centre and migrated to a computing model that rests on four technology pillars: cloud computing, field mobility, enterprise-wide integration and data analytics; delivers solutions that save time and enable data-driven decisions about a construction project's schedule, quality, safety and financial performance; PWC recognized them at their Vision to Reality Awards

+ University of Toronto to build a 14-storey timber-concrete hybrid on its downtown campus – link to article




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ Alibaba Group is seeking a foothold in Vancouver; the Chinese e-commerce firm will employ 30 people, for now, and intends to expand … tic toc

+ Groupe Dallaire is planning a $650.0 million 65-storey tower, Le Phare de Québec, in Quebec City


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