FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary May 27/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Avi Geller to Interim CEO @ Parkit Enterprise Inc.

+ Bill Morris, Pres., Canada @ Accenture, retiring

+ Brian Tobin to Vice-Chair @ BMO Financial Group

+ Brian Tobin, Director @ Aecon Group Inc., resigned

+ Charles Goodman to Exec. Chairman @ Quorum Software

+ Chima Nkemdirim to VP Gov. Relations @ Shaw Communications

+ Cody Sarty to Roofing Sales @ Sika Canada

+ Dallas Smith to CEO @ Petrotranz Inc.

+ Daniel Eggert to VP, Property Development Division North @ Melcor Developments Ltd.

+ Daria Agius to Mgr. Corporate Insurance & Risk @ Livingston International

+ Darren Stark, CEO & CFO @ Anchor Capital Corporation, stepped down

+ Dave Smith to Talent Acquisition Mgr. @ Solium

+ Dustin Jones to AVP & Mgr., Commercial Relationships @ Canadian Western Bank

+ Edward Ierfino to CEO & CFO @ Anchor Capital Corporation

+ Eric Hambly to Exec. VP, Onshore @ Murphy Oil Corporation

+ Fionna Chisholm to Sr. Engineering Technician @ Velvet Energy Ltd.

+ Freda Wang to VP, Network, Training and Process @ Mercedes-Benz Canada

+ Gary Mar to Pres. & CEO @ Petroleum Services Association of Canada

+ Gord Syme to VP, Talent Management Services @ Optimum Talent

+ Heather Kirk to Exec. VP & CFO @ Cominar REIT

+ Igor Gimelshtein to Director @ Columbia Care LLC

+ Jacky Lee to Managing Dir., Portfolio Analytics & Modelling @ Ontario Teachers’ Pension Plan

+ Jason Smith to Pres. @ Murphy Oil Company Ltd.

+ Jeffrey Russell to Pres., Canada @ Accenture

+ Jim Ellis, Pres. & CEO @ Alberta Energy Regulator, resigned

+ John Gordon to Director @ TORC Oil & Gas Ltd.

+ Judge Beth Hughes to Justice @ Appeal Court of Alberta

+ Kathy Bok to Country Head, Canada @ Vanguard Investments

+ Kosta Kostic to Secretary @ Anchor Capital Corporation

+ Kurt Alksne to Mgr. Municipal Engineering @ ARA Engineering Ltd.

+ Lucy Skjarstad to Architecture & Design Market Mgr. @ Artopex Inc.

+ Luke Harrison to VP, Bus. Dev. – Modular Solutions @ Horizon North Logistics Inc.

+ Michael Belenkie to COO @ Advantage Oil & Gas Ltd.

+ Michael Bodnar to Managing Principal & Principal Engineer @ Buffalo Fire Engineering Ltd.

+ Michael Palmer to Chief Evolution Assoicate @ CEvO Solutions Inc.

+ Ojus Ajmera to Director @ Firm Capital American Realty Partners Corp.

+ Paul Ginannelia, Director, Green Line LRT Project @ City of Calgary, resigned

+ Raj Viswanathan to Exec. VP & CFO @ Scotiabank

+ Scott Berry to Regional Sales Mgr. @ TORLYS

+ Sharon Dhalla to Director of Compliance @ Alberta Insurance Council

+ Stephen McLennan to Sr. Managing Dir., Total Fund Management @ Ontario Teachers’ Pension Plan

+ Steve Corner, Account Executive @ McCrum’s Office Furnishings, left the company

+ Steve Saldanha to Managing Dir., Portfolio Mgmt. & Asset Allocation @ Ontario Teachers’ Pension Plan

+ Tony Flores to Advocate for Persons with Disabilities @ Government of Alberta

+ Vasanth Yogarajah to Project Mgr., Supply Chain @ Shaw Communications Inc.

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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ hi-tech and high-touch – The Best of Both Worlds

+ be brave, be provocative




 KUDOS 

+ to Operation Eyesight, Fresh Start Recovery and CUPS – named one of the Top 10 Impact charities in Canada … 3 out of the top 10 from Calgary – waytogo!

+ to this year’s inductees in the Alberta Business Hall of Fame: Murray Cobbe, Lorenzo Donadeo, Dr. Chen Fong and David Mitchell (posthumous)

+ to Murray McCann, businessman/philanthropist, founder of Homes for Heroes Foundation, given honourary degree by Mount Royal University




  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

+ 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




current week data

this  site is refreshed with a new issue every Tuesday morning


updated November 6, 2018




 TODAY'S HEADLINES


HEADLINES: Olympic Plebiscite is a go! ~ advance poll opens today | Encana buying Newfield | Loblaw spins out Choice REIT | Pembina Pipeline $1.3 billion expansion + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




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 Aly Bandali, CEO @ Operation Eyesight

A recent conversation with Patty Miller from MillerNet HR Solutions

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



 sponsors of this week's issue:

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



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



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



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



 SAVE THE DATE / upcoming events

+ Nov. 5 & 6; P3 2018 - Canadian Council for Public-Private Partnerships 26th Annual Conference & National Awards for Innovation and Excellence in P3; Sheraton Centre, Toronto; info/register

+ Nov. 6; Scott Builders Inc. – Breakfast Builder Series, The Future of Buildings; Coast Plaza hotel: free registration + breakfast

+ Nov. 7; Vera & Friends Variety Show/Fundraiser for Story Circle work in Southern Sudanese community. Bella Concert Hall, Mount Royal University, Calgary; info/tickets

+ Nov. 7-8; BUILDEXCalgary, BMO Centre, Stampede Park, Calgary; program/register

+ Nov. 9; 4th Annual Peter Burgener Memorial Charity Concert featuring Barney Bentall and the Cariboo Express, Bella Concert Hall, MRU, Calgary; info/tickets

+ Nov. 13; Calgary 2026 Winter Olympic Bid Plebiscite – where/when to vote

+ Nov. 13; Calgary Youth Justice Society – 2nd Annual ‘Strong Not Wrong’ Fundraising Event, cSpace, old King Edward School, Calgary – info/tickets

+ Nov. 14; National Philanthropy Day / Calgary ‘Generosity of Spirit Awards’, Big Four Roadhouse, Stampede Park, Calgary; info/tickets

+ Nov. 14-15; 2018 World Energy Council North America Region Energy Forum, Telus Convention Centre, Calgary; info/register

+ 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

+ Apr. 3-5; Economic Developers Alberta, 3019 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 ]



 QUOTES 

+ You don’t have to be great to start, but you have to start to be great. – Zig Ziglar

+ The only way to discover the limits of the possible is to go beyond them into the possible. – Arthur C. Clarke




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NEWS SUMMARY 
 October 20 ~ November 6 


+ Avison Young acquired Veritas Management Services Inc.; terms not disclosed

+ Blackbird Energy Inc. and Pipestone Oil Corp. agreed to $310.0 million combination; will operate at Pipestone Energy Corp.

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices had a bumpy ride up, then down, this week as US/Iran sanctions begin but Iran defiantly continues selling – and Canadian crude price-gap continues to rattle the industry …

+ Encana Corporation agreed to acquire Newfield Exploration Company for US$5.5 billion

+ Horizon North Logistics Inc. closed its $4.0 million purchase of C&V Portable Accommodations Ltd.

+ Inter Pipeline Ltd. agreed to acquired 100% of NuStar Energy’s European bulk storage business for US$270.0 million

+ Loblaw Companies Limited & George Weston Limited completed their spin-out of 61.6% interest in Choice REIT

+ Nutrien Inc. announced permanent closure of its New Brunswick potash facility; taking a $1.8 billion write-down …

+ Pembina Pipeline Corporation announced $1.3 billion in its liquids and natural gas services on the Peace Pipeline and Redwater Facilities

+ Pieridae Energy Limited got regulatory approval to construct its Goldboro LNG Facility

+ postal disruption again; rotating strikes hit Calgary again yesterday/today ~ did anyone notice? did anyone care? …

+ PSAC announced its 2019 Canadian Drilling Activity Forecast: 6,600 wells to be drilled in 2019

+ rig counts: down 2 to 198 this week; click for full breakdown

+ RSM Canada expanded into Alberta by mergers; operating Calgary, Red Deer and Edmonton branches

+ Tidewater Midstream and Infrastructure Ltd. got regulator approval for its 120 km. natural gas pipeline connecting its Brazeau River Complex to TransAlta Corporation’s generating units at Sundance and Keephills

+ Toronto-Dominion Bank closed its acquisition of Greystone Capital Management Inc.; terms not disclosed

+ TransCanada Corporation announced $1.5 billion expansion to its NOVA Gas Transmission Ltd. system

+ U.S. rig counts: down 1 to 1,068 this week; full breakdown

+ U.S. mid-term elections today; House of Representatives expected to swing to Democrat control, polls suggest Senate balance of power is too close to call – and Trump keeps talking, and talking and talking … tic toc

+ Viterra Inc. acquired full ownership of Pacific Coast Canola; terms not disclosed




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Firm Capital American Realty Partners Corp. is on the market to raise US$6.8 million in equity

+ Royal Bank of Canada closed $350.0 million preferred share issue

+ Martello Technologies Group Inc. closed $3.0 million debt financing

+ Validere Technologies Inc. closed $7.0 million equity financing


*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower …




 CALGARY OLYMPICS 2026 BID WATCH 


+ last minute funding agreement reached; plebiscite will go ahead

+ coming soon: Nov. 13 plebiscite - advance poll opens today -  you are eligible to vote if you: are at least 18 years old; and a Canadian citizen; and have resided in Alberta since May 13, 2018; and are a resident of Calgary on Vote Day; and provide one of the authorized pieces of identification

+ save the date: IOC will announce the host city for the 2026 Winter Olympic Games in Lausanne, Switzerland, June 23rd, 2019




 CONSTRUCTION NEWS + INNOVATION 

+ Aecon Group Inc.’s JV [Aecon (40%), Traylor Bros Inc. (60%)] awarded $267.0 million contract for Second Narrows Water Supply Tunnel project in North Vancouver

+ IKO Industries Ltd. agreed to acquire operations of Roof Tile Group (New Zealand) from Fletcher Building; terms not disclosed

+ Site C dam progress – great photo too & video




 INFRASTRUCTURE / P3  


+ Calgary’s new Central Library opened; $245.0 million project, 240,000 sq. ft.

+ GOA committed $1.0 billion (40%) to Edmonton’s $2.6 billion Valley Line West LRT expansion; will connect downtown with Lewis Estates

+ Polaris Infrastructure Inc. closed its acquisition of 100% interest in Union Energy Group Corp. (South American power projects) in a cash and shares transaction




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Firm Capital American Realty Partners Corp. closed US$29.5 million acquisition of 132 suite res. portfolio in New York City

+ in the ‘Amazon 2nd HQ derby’, it appears Crystal City in Northern Virginia (just south of Washington, DC), is a strong contender; no announcements by Amazon yet but landlord leaks are getting press attention; media reports quoting unnamed sources close to Amazon indicate the ‘new HQ’ will be split between two cities; in addition to Crystal City, Dallas and New York are still in the mix … tic toc




 CORPORATE RESPONSIBILITY REPORTS 


+ CBC/Radio-Canada published its 10th anniversary Environmental Performance Report




 this week in REITS 


+ Alignvest Student Housing REIT acquired 111 Cooper Street, Ottawa [357 bed/16-storey facility]

+ American Hotel Properties REIT LP closed is US$2.3 million acquisition of Embassy Suites, Cincinnati

+ Heather Kirk to Exec. VP & CFO @ Cominar REIT

+ Loblaw Companies Limited & George Weston Limited completed their spin-out of 61.6% interest in Choice REIT




 INTERESTING THINGS IN RETAIL 


+ Indigo opened its first U.S. store in Short Hills, New Jersey

+ Ivanhoe Cambridge and Prologis Inc. agreed to form an 80/20 JV to develop and operate logistics real estate in Sao Paulo and Rio de Janeiro, Brazil – initial investment is 6.9 million sq. ft. of operating properties and 371.0 acres of developable land

+ Lowe’s announced plans to close 27 stores in Canada (2 in Alberta) – which will leave them with 430 Rona stores, 68 Lowe’s stores in Canada




 SHAREHOLDER MEETINGS

+ Nov. 6; Iron Bridge Resources Inc., Special Meeting of Shareholders, Calgary

+ Nov. 6; Enbridge Income Fund Holdings Inc., Special Meeting of Shareholders, Calgary

+ Nov. 13; RockBridge Resources Inc., Special Meeting of Shareholders, Vancouver

+ Nov. 15; Petro-Victory Energy Corp., Annual General Meeting, Calgary

+ Nov. 21; PSP Investments/The Public Sector Pension Investment Board, Annual Public Meeting, Ottawa

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


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



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this site last updated May 27, 2025