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 

+ Bill Chomik, reappointed Chair, Subdivision and Development Appeal Board @ City of Calgary

+ Diane Kazarian to Managing Partner, GTA @ PricewaterhouseCoopers

+ Dr. Deborah Saucier to Pres. @ MacEwan University

+ Emilio Tesolin to Pres., High Rise @ Empire Communities

+ Lindsey Galloway, Sr. Director @ Calgary Zoo to Pres. @ Canada’s Accredited Zoos and Aquariums

+ Marc Ouayoun to Pres. & CEO @ Porsche Cars Canada

+ Nayeem Alli to Interim CFO @ First Global Data

+ Peter Cuthbert to Pres. @ Fiera Properties Limited.

+ Peter Kim to Managing Director, Asia @ QuadReal

+ Peter Lacey to Director @ First Global Data


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




 MEMORIAM

+ Dr. Bert Hohol, former MLA and Lougheed Government cabinet minister, died

+ Edward Lakusta, former Pres. & COO @ Petro-Canada, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Best Business Schools – 2018 B-School rankings + whole world (959 schools) rankings

+ measuring soft skills in an interview – link to article

+ Suncor Energy’s drug testing policy tested at the Alberta Court of Appeal – Suncor policy upheld




 QUOTES

+ Tomorrow isn’t promised, all we have is today. – Sylvia Solomon

+ The bad news is, time flies. The good news is, you are the pilot. – Michael Altshuler




 KUDOS 

+ to Solex Thermal Science Inc., winner of Alberta Exports awards: Exporter of the Year Award and Clean Technology Awards




  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




 SUGGESTIONS / COMMENTS:
 
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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated November 28, 2017




 TODAY'S HEADLINES


HEADLINES: Alberta + BC to lead the country | ExxonMobil refinery re-org | first LNG export | TransCanada re-starting Keystone | TransCanada got KeystoneXL approval in Nebraska | rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

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 Norm Landry
 
PROJECT MANAGEMENT



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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



 SAVE THE DATE / upcoming events

+ Nov. 30; OPEC, 173rd Ordinary Meeting, Vienna, Austria

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


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



 SHAREHOLDER MEETINGS

+ 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

+ Dec. 15; Pond Technolgies, Special Meeting of Shareholders, Calgary

+ Dec. 18; Ironhorse Oil & Gas Inc., Annual and Special Meeting of Shareholders, Calgary

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


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada and UK launched/lead a strategy to phase-out coal: Powering Past Coal Alliance




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NEWS SUMMARY 
 November 21 ~ 28 


+ Calgary Stampeders – almost won the 10th Grey Cup; turn overs late in the game turned the tide – Toronto Argonauts won, 27-24

+ Conference Board of Canada report Provincial Outlook: Autumn 2017 suggests Alberta and BC will lead the country

+ current energy prices – live link to current Bloomberg energy prices; crude prices up/steady last week – Keystone outage impacting US supply, but uncertainty about Russia and other OPEC countries holding output curbs is rattling markets and softening prices

+ Exxon Mobil is reorganizing refining operations (22 refineries, 14 countries, 5 million bbl/day) to boost profits; no details yet … tic toc

+ first Canadian LNG shipped to China: FortisBC supplied via its Tilbury facility in Delta, equipment by True North Energy Corporation and CIMC ENRIC Holdings – shipped from Vancouver

+ Imaginea Energy Corp. re-organization; Suzanne West will continue as CEO and keep the name;  major shareholder Lime Rock Partners has parted ways, will operate as Cor4 Oil Corp. and take oil assets

+ Ivanhoe Cambridge is looking to raise $1.0 billion by selling stakes in three malls: Fairview Mall (Toronto), Richmond Centre (Richmond) and Market Mall (Calgary)

+ MATRRIX Energy Technologies Inc. completed its acquisition of Stampede Drilling Ltd.

+ rig counts: up seven t0 215 this week – full breakdown

+ RMP Energy Inc. changed its name to Iron Bridge Resources Inc.

+ Rockwell Automation Inc. reject the US$29.9 billion takeover bid from Emerson Electric; tic toc

+ Sobeys announced they are laying off 800 employees nationwide; 190 of those in Calgary

+ TransCanada’s Keystone XL approval from Nebraska was big news last week, but the approval came with a further route-change imposed by Nebraska regulators – so, it’s ‘not over yet’; TransCanada have asked Nebraska to reconsider the route-change … tic toc

+ TransCanada Corporation announced it is re-starting its Keystone 590,000 bbl/day pipeline at reduced rates following its Nov. 16 spill (5,000 bbl) in South Dakota

+ U.S. rig counts: up 9 to 747 this week




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Boralex Inc. closed $53.3 million debt and credit facility financing

+ Distinct Infrastructure Group secured $50.0 million credit facility

+ Distinct Infrastructure Group closed $9.18 million equity financing by private placement

+ Fort McKay and Mikisew Cree First Nations closed $545.0 million debt financing/bond issue

+ Manulife Financial Coporation closed 500 million Singapore dollars Green Bond issue

+ MATRRIX Energy Technologies Inc. completed $20,001,200.0 in equity financings by private placements

+ Middlefield Capital’s European Focused Dividend Fund closed $85.0 million IPO

+ Saslo Limited secured US$3.9 billion credit facility

+ SNC-Lavalin is on the market to raise $300.0 million in unsecured debt by private placement

+ Sun Life Financial closed $400.0 million unsecured sub. debt financing

+ WesternOne Inc. secured $35.0 million revolving credit facility




 CONSTRUCTION NEWS + INNOVATION 

+ rammed earth homes – very cool!




 CORPORATE RESPONSIBILITY REPORTS 


+ CBC/Radio-Canada released its 2016-2017 Environmental Performance Report




 this week in REITS 


+ Automotive Properties REIT agreed to acquire two dealership properties and storage compound in Edmonton for $23.2 million




 INFRASTRUCTURE / P3  


+ Distinct Infrastructure Group Inc. acquired Crown Utilities Ltd. for $17.0 million

+ Infrastructure Ontario and Metrolinx issued an RFP for its Lakeshore East – East Corridor Expansion project; five pre-qualified teams will compete to build and finance the project

+ Infrastructure Ontario and Metrolinx issued and RFP to design, building and finance the Rutherford Station project; three pre-qualified teams invited 




 CALGARY 2026 OLYMPICS BID-WATCH 


+ City Hall announced its earlier scheme of development for the 2026 Olympics Bid were understated; the $272 million ‘field house’ element then brings the facilities plan to $733.0 million




INTERESTING REAL ESTATE NEWS, other places


+ ABB Group got a LEED Silver designation for its new 700 employee campus in Montreal

+ Mercedes-Benz Stadium in Atlanta secured LEED Platinum status




 INTERESTING TRENDS IN INDUSTRIAL REAL ESTATE 


+ VersaCold Logistics launched Phase 1 of its Milton Distribution Centre; 19.1 million cubic feet facility will be Canada’s largest third party refrigerated facility; Phase 3 will be completed in late 2018




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ Regus rolled out it’s first Canadian location of its ‘Spaces’ concept; 46,000 sq. ft. facility in Toronto – building owned by Allied Properties REIT


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this site last updated May 6, 2025