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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Anned Marie Guevremont to Chair @ BOMA Canada

+ Brett Pitts to Chief Digital Officer @ BMO Financial Group

+ Cameron Fowler to Pres, North America – Personal and Business Banking @ BMO Financial Group

+ Dave Bronconnier to Director @ Canada Infrastructure Bank

+ Doug Bell, Vice Chairman, Investment Banking @ GMP Capital Inc., let the company

+ Henry Sykes, Director @ Athabasca Oil Corporation, resigned

+ Janice Fukakusa to Director @ Canada Infrastructure Bank

+ Jason Gray to Director @ WesternOne Inc.

+ Jim Schmidt to Partner, Edmonton @ Bennett Jones LLP

+ Kent Harvey to Director @ Emera Inc.

+ Kevin Helash to CEO @ Agrinos

+ Laura Hay to Head, Global Insurance @ KPMG International

+ Mario Siciliano to VP External @ Bow Valley College

+ Mike Muller, Head of Oil Trading @ Royal Dutch Shell, stepped down

+ Nancy Lockhart to Chair @ Gluskin Sheff + Associates Inc.

+ Paul MacDonald to Exec. VP Personal Insurance @ Economical Mutual

+ Sebastien Provost, CFO @ TerraVest Capital Inc., left the company suddenly

+ Shawn Porter to Chairman @ Canadian Tax Foundation

+ Tony Gaffney to Managing Partner @ Odgers Berndtson

+ Walter Lamothe, Pres. Retail & COO @ Reitmans (Canada) Limited, left the company suddenly


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




 MEMORIAM

+ Jacques Tetrualt, co-founder of McCarty Tetrault LLP, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ CPPIB pushing for gender balance on boards

+ dealing with food allergies at work




 QUOTES

+ True friendship is like sound health; the value of it is seldom known until it is lost. – Charles Caleb Colton

+ The best way to knock the chip of someone’s shoulder is to pat him on the back. - anonymous




 KUDOS 

+ a big WAYTOGO to Ross Roy, Stantec and Mawer Investments – the 3rd Annual Peter Burgener Memorial Charity Concert raised $228,000 for Classroom Champions

+ to Clare Drake, former Head Coach @ University of Alberta Golden Bears, inducted to the Hockey Hall of Fame

+ to Dean Connor, Pres. & CEO @ Sun Life Financial, named Canada’s Outstanding CEO of the Year for 2017

+ to Jay Westman CEO @ Jayman Built, named winner of the Doc Seaman Individual Philanthropist Award

+ to Bonnie DuPont and David Naylor – recipients of Honorary Degrees @ University of Calgary




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated November 21, 2017




 TODAY'S HEADLINES


HEADLINES: ATB outlook | Calgary Winter Olympic Bid | Emerson bidding for Rockwell Automation | go Stamps! | Keystone XL is a GO + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

stay tuned for a great new series of interviews coming soon ...

A recent conversation with Kirstin Evenden, Exec. Dir. @ Lougheed House

A recent conversation with Ross Roy, Principal @ Stantec Architecture

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



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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



 SAVE THE DATE / upcoming events

+ Nov. 24; NEB Hearing, Trans Mountain Pipeline ULC; permitting through Burnaby, Calgary

+ Mar. 21-23/2018; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff


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



 SHAREHOLDER MEETINGS

+ Nov. 22; PSP Investments, Annual Public Meeting, Ottawa

+ Nov. 22; C02 Solutions Inc., Annual General Meeting, Quebec City

+ Dec. 7; H&R REIT, Meeting of Unitholders/Consider Re-organization, Toronto

+ Dec. 7; H&R F17 Trust, Meeting of Unitholders/Consider Re-organization, Toronto

+ Dec. 14; Alterra Power Corp., Special Meeting of Shareholders, Vancouver

+ Jan. 4; Mainstreet Health Investments Inc., Special Shareholder Meeting, Toronto


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Fraser Institute published a report questioning the cost effectiveness of climate change action plans

+ Government of Canada announced funding contributions for seven projects ($5.3 million) to reduce methane emissions

+ Government of Canada announced $155.0 million program to fund clean technology projects




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NEWS SUMMARY 
 November 14 ~ 21 


+ ATB published its Alberta Economic Outlook looking forward to 2018; get the 12-page PDF download

+ Bell Media is laying off 90 newsroom staff across Canada; some in Calgary

+ by-election called for Calgary-Lougheed; Dec. 14/17

+ Calgary Stampeders won the CFL Western Final over Edmonton Eskimos; advance to the Grey Cup

+ Canada Infrastructure Bank inaugural board appointments announced

+ CEDA completed its acquisition of Joe Loomis Trucking Ltd.

+ City Council wrestling with issue – spend another $2.0 million to move its 2026 Winter Olympics bid down the path – or stop; vote was 9-4, $1.0 million approved, the 2nd $1.0 million once provincial and federal governments come aboard

+ current energy prices – live link to current Bloomberg energy prices; crude prices softened slightly this week on reduced IEA demand outlook, but OPEC efforts to hold the line on production cuts is helping …

+ Emerson Electric in a play to acquire Rockwell Automation – bidding US$29.0 billion

+ Exchange Income Corporation acquired Quest Window Systems Inc. for $85.0 million

+ Ikkuma Resources Corp. closed its $34.0 million acquisition of a portfolio of Alberta and BC assets

+ Repsol Canada Energy Partnership has put nine – 100% owned coal licenses on the market

+ Rig counts – Canada; up 5 to 208 full breakdown

+ Seven Generations Energy Ltd. announced its 2018CapEx Budget is $1.75 billion

+ Suncor Energy announced tis 2108CapEx Budge is $4.5 billion

+ TransCanada Corporation’s Keystone XL pipeline got it’s much anticipated ‘Nebraska decision’ in its favour; 830,000 bbl/day project has been long in the planning – originally to have been in operation in 2012-13 but opposition forced a re-draw of the route and created regulatory delays, Obama refused to permit it, Trump approved it and now the final regulator/political hurdle seems solved … tic toc

+ U.S, rig counts steady – 738, no change from last week

+ Zargon Oil & Gas Ltd. announced its 1st-half 2018CapEx Budget is $3.7 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Crombie REIT is on the market to raise $150.0 million in unsecured debt

+ Surge Energy Inc. closed $44.5 million convertible debt financing

+ Toronto Hydro Corporation closed $200.0 million sr. unsecured debt financing

+ Victory Capital Corp. closed $777,750.0 equity financing by IPO

+ Yangarra Resources Ltd. secured $120.0 million credit facility




 CONSTRUCTION NEWS + INNOVATION 

+ Canada Science and Technology Museum re-opened after a 3 yr. renovation – celebrating its 50th Anniversary

+ Mayor’s 2017 Urban Design Awards; 11 winners announced

+ Marine Gateway project in Vancouver, one of 13 worldwide selections by the Urban Land Institute, won a 2017-18 Global Award of Excellence




 this week in REITS 


+ BTB REIT acquired two Montreal suburb of St. Laurent; A-class office properties for $35.1 million

+ Crombie REIT is on the market to raise $150.0 million in unsecured debt

+ H&R REIT is putting its entire U.S. portfolio on the market; 79 retail properties and 12 industrial ones – expected to garner US$750.0 million and US$145.0 million respectively

+ Northview Apartment REIT acquired 1,250 unites (10 properites: QB, BC, NS) for $196.8 million

+ Summit Industrial Income REIT agreed to acquire four light industrial buildings (238,783 sq. ft.) for $35.0 million

+ True North Commercial REIT closed a $31.3 million Halifax acquisition; 129,200 sq. ft. office property




 INFRASTRUCTURE / P3  


+ Government of Alberta announced a new high school project for south Edmonton; Heritage Valley school will house 1,800 students; design work not completed, construction to begin in late 2019 or early 2020

+ Infrastructure Ontario and Metrolinx issued an RFQ for parties to design, build and finance the Milton Corridor project – expansion of the Milton GO station and adjacent developments 




INTERESTING REAL ESTATE NEWS, other places


+ Chartwell Retirement Residences agreed to acquire a five-building portfolio (1,031 units) in Edmonton for $298.0 million

+ Facebook is expanding its data centre in Los Lunas, New Mexico; adding 1.8 million sq. ft. to an existing 1.0 million sq. ft. facility; capital cost is US$1.0 billion

+ in Banff, Canadian Rocky Mountain Resorts and Ladacor Modular broke ground on a modular ‘shipping container accommodation facility for staff’ facility on Banff Avenue; called the Buffalo Paddock, it will be built using recycled shipping containers …

+ Mainstreet Health Investments agreed to acquire a 42-property U.S. portfolio of seniors housing and care properties (3,718 beds) for US$425.0 million




 INTERESTING TRENDS IN RETAILING 


+ Dilawri Group acquired BMW Newmarket; they now have 64 car dealerships; terms not disclosed

+ Loblaws are starting a new delivery-for-fee program; will be coast-to-coast …

+ MTY Food Group Inc. agreed to acquire Counter Custom Burgers and Built Custom Burgers; 44 restaurants

+ Yo! Sushi agreed to acquire Bento Sushi (600 locations + supplier to 1700 other vendors); terms not disclosed




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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