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 

+ Angie Friesen to Account Exec. @ P.O.S. West Ltd.

+ Bramwell Tovey to Artistic Director @ Calgary Opera

+ Brett Miller to CEO @ The Canderel Group of Companies

+ Brian Miller to COO & CTO @ Payfare

+ Cameron Smith to VP Bus. Dev. @ iugoWerx

+ Carrie Stokes to Lease Administrator @ Edon Management

+ Catherine Bell to Jerislowsky Co-Fellow, Haskayne School of Business @ University of Calgary

+ Charles Park to CFO @ Payfare

+ Chris Seip to Chair & CEO @ Pafare

+ Dan Abbott to Pre-Construction Mgr., Civil @ EllisDon

+ Dean McKenzie to Gen. Mgr. @ Venture Communications

+ Hannah Laplante to Mgr., Industry Performance, In Situ @ Alberta Energy Regulator

+ Heather Kitchen to Gen. Mgr. & CEO @ Calgary Opera

+ Indrani Roy to Bid Mgr. @ SMART Technologies

+ Jeff Young to Pres. @ International Franchise Inc.

+ Jennifer McLeod to VP Bus. Dev. @ SinglePoint Group International Inc.

+ Jonathan Wener, founder & CEO @ The Canderal Group of Companies, stepping down as CEO but remaining as Chairman

+ Krista Fabbro to Account Executive @ Office Concepts Incorporated

+ Marc DiManno to Business Strategist @ Stantec

+ Mark Brender to Chairman @ Canadian Tax Foundation

+ Marni Dicker to Exec. VP & General Counsel @ Live Work Learn Play

+ Nathaneil Felsher, Pres. & CEO @ Aimia Inc., left the company

+ Randy Crawford to Director & CEO @ AltaGa Ltd.

+ Sean Bovingdon to CFO @ The Green Organic Dutchman

+ Teresa Woo-Paw to Chair @ Canadian Race Relations Foundation

+ Tom Wenner to CFO @ Inovalis REIT


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




 MEMORIAM

+ Jim (JF) Hole, Edmonton businessman, former CEO @ Lockerbie & Hole (now Aecon), community leader, past President of Edmonton Eskimos and President of Canadian Football League; 91




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ pre-employment screening the Clean Harbors way

+ best cities in Canada to seek employment; hint … Calgary is #1




  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

+ 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

+ 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

+ 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

current week data

this  site is refreshed with a new issue every Tuesday morning


updated November 27, 2018




 TODAY'S HEADLINES


HEADLINES: Calgary Stampeders win Grey Cup | Canada Post back-to-work legislation| Telus sells web services | Prairie Provident green-light to acquire Marquee + deals + rig counts + upcoming events, appointments + infrastructure + 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 George Mylonas, Pres. & CEO @ Landstar Communities

A recent conversation with Aly Bandali, CEO @ Operation Eyesight

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



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



 SAVE THE DATE / upcoming events

+ Nov. 28-29; Real Estate Forum, Metro Toronto Convention Centre, info/register

+ Dec. 9-10; 9th Annual Sustainable Innovation Forum 2018/COP24, Katowice, Poland; info/register

+ Feb. 19-21; 31st International Pipeline Pigging & Intergey Management Conference, Houston; info/registration

+ Feb. 21; B’nai Brith Annual Fundraising Dinner, Calgary; info – tickets/call 403-255-6554

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

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

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

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


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





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NEWS SUMMARY 
 November 20 ~ 27 


+ Aecon Group Inc. closed the sale of its Contract Mining business to North American Construction Group Inc. for $199.1 million

+ Alberta Securities Commission launched a whistleblower program; ASC Policy 15-602 Whistleblower Program

+ Alithya acquired the ‘managed web services business’ of TELUS; terms not disclosed

+ Canadian Senate passed back-to-work legislation to end Canada Post rotating strikes; comes into force today

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices hammered again this week to 2018 lows; a small Monday bounce - WTI just over US$50/bbl, Brent just over US$60/bbl … U.S. supply glut persists, as does ‘talk of OPEC cuts’ … tic toc

+ Grey Cup (106th) in Edmonton on Sunday; Calgary Stampeders v. Ottawa RedBlacks; third appearance in three years for the Stampeders – bringing the Grey Cup home to Calgary – 27 – 16 victory!!

+ Marquee Energy Ltd. got shareholder and court approval for its arrangement/takeover by Prairie Provident Resources Inc.

+ Minto Apartment REIT acquired ‘The Quarters’ in Quarry Park (199 suites) for $63.8 million ($321K/door)

+ Premier Notley announced more funding to double support for petrochemical upgrading – total to be $2.1 billion; also announcing that private sector investment of $5.0 billion will flow as a result of that funding – but given the market, stalled pipelines etc. it seems more like ‘campaign promises’ than real programs … tic toc

+ Progress Energy Canada Ltd. changed its name to PETRONAS Energy Canada Ltd.

+ rig counts: down six to 124 this week; click for full breakdown

+ Total Energy Services announced it will close five location in Western Canada

+ United Technologies to split into three companied: aerospace, elevators and buildings

+ U.S. rig counts: down three to 1,079 this week; full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Accord Financial Corp. is on the market to raise $20.0 million unsecured convertible sub. debt

+ Firm Capital Mortgage Investment Corporation closed $25.0 million convertible debt financing

+ Pulse Oil Corp. closed $11,300,520.0 equity 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 …




 CONSTRUCTION NEWS + INNOVATION 

+ Business Systems Design Inc. is collaborating with DIALOG to convert SpecLink’s spec writing content for the Canadian market

+ Ottawa Public Library and Library and Archives Canada chose architects for their new joint facility – a new central library and archive: Diamond Schmitt Architects and KWC Architects will design it




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Altas Developments acquired The Cascade Shops in Banff

+ Maple Leaf Foods announced they will build a $660.0 million fresh poultry facility in London, ON; 640,000 sq. ft.

+ ONE Properties and Revera Inc. formed a JV to develop retirement communities in key markets across Canada; first project is Clifton Place (290 units) in Edmonton

+ UPS announced it will build at $200.0 million/850,000 sq. ft. distribution facility in Caledon, ON




 INFRASTRUCTURE / P3  


+ Regina Revitalization Railyard Renewal Project is a go; 17.5 acre former railyard project getting $33.6 million from Fed/Prov governments




 this week in REITS 


+ Minto Apartment REIT acquired ‘The Quarters’ in Quarry Park (199 suites) for $63.8 million ($321K/door)

+ Tom Wenner to CFO @ Inovalis REIT




 SHAREHOLDER MEETINGS

+ Dec. 7; BlackPearl Resources Inc., Special Meeting of Shareholders, Calgary

+ Dec. 7; International Petroleum Corp., Special Meeting, Calgary

+ Dec. 10; Partners REIT, Meeting of Unitholders, Toronto

+ Dec. 12; Jupiter Resources Inc., Noteholders Meeting/approve recapitalization, Calgary

+ Dec. 19; Blackbird Energy Inc., Special Shareholders Meeting, Calgary


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



 QUOTES 

+ Nothing is impossible, the word itself says “I’m possible”. – Audrey Hepburn

+ Wherever you are, be all there. – Jim Elliott




 KUDOS 

+ to Jenn Lofgren, CEO @ Incito, got an Outstanding Alumni Award from Mount Royal University

+ to Adam Sinagra, Calgary Dinos quarterback, won the Hec Crighton Trophy – most outstanding player in Canadian university football




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this site last updated May 6, 2025