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FACILITYCalgary June10/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alexis Cameron to Gen. Mgr. Western Canada @ The Globe and Mail

+ Andrew MacLeod to CEO @ Postmedia Network Canada Corp.

+ Brad Turner to CEO @ Cinnaroll Bakeries Limited

+ Brandon Strazl, Exec. Chairman @ Sears Canada Inc., stepped down

+ Brian Fleck to Director @ Alberta Energy Regulator

+ Brian Pauls to CEO @ Dream Industrial REIT

+ Carl Mustos to Exec. VP, Wealth Management @ IA Financial Group

+ David Johnston (the Right Honourable former Governor-General) to Executive Advisor @ Deloitte

+ Frank Lilley to Chair @ Canadian Payroll Association

+ Gerald Storch, CEO @ Hudson’s Bay Co., stepped down

+ Gordon Lambert to Director @ Alberta Energy Regulator

+ Graham Kelly to Chair, Board of Governors @ Medicine Hat College

+ Jeffery Yabuki to Director @ Royal Bank of Canada

+ Jim McFarland, Co-Founder, Pres. & CEO @ Valeura Energy Inc., retiring

+ John Hartley, Chairman @ Big Rock Brewery Inc., resigned

+ Karen Minton to CFO @ Blackbird Energy Inc.

+ Katherine Hay to Pres. & CEO @ Kids Help Phone

+ Linda Dougherty to Exec. VP Corporate Strategy and Global Marketing @ Sun Life Financial

+ Marc Beauchamp to Pres. & CEO @ The CAI Global Group

+ Marc Faber, Director @ Sprott Inc., resigned

+ Mario Patenaude to VP People & Enterprise Effectiveness @ Collins Barrow Red Deer

+ Mary Van Buren to Pres. @ Canadian Construction Association

+ Robert Stable to Director @ Redknee Solutions Inc.

+ Ryan Shay to Director @ Perpetual Energy Inc.

+ Sandra Jenson, MLA Calgary-North West to Minister of Infrastructure @ Government of Alberta

+ Scot Caithness to Director/Independent Trustee @ Equiton Inc.

+ Sean Guest to Pres. @ Valeura Energy Inc.

+ Sheila O’Brien to Director @ Alberta Energy Regulator

+ Steve Spaulding to Pres. & CEO @ Gibson Energy Inc.

+ Susan Uthayakumar to Country President, Canada @ Schneider Electric

+ Sylvain Cossette to CEO @ Cominar REIT


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




 MEMORIAM

+ Joe Carbury, legendary long standing announcer of Chuckwagon Races at the Calgary Stampede, died

+ Father Robert (Bob) Greene, veteran, priest and former Calgary alderman, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ thoughts on how to engage people with disabilities across your organization




  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 October 24, 2017




 TODAY'S HEADLINES


HEADLINES: Amazon bids | Calgary’s new Council | Cenovus $1.3 billion Palliser sale | Enbridge’s Alberta Clipper got U.S. permit | Repsol layoffs | Sears in liquidation | Tangle Creek acquisition + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

A recent conversation with Wendy Brownie, creator/curator/owner at inspirati

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



 SAVE THE DATE / upcoming events

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal

+ Oct. 19; Calgary Immigrant Women's Association, 35th Anniversary Gala, CIVIC on Third, info/tickets, sponsorships

+ Oct. 24; The Art Of Leadership For Women, TELUS Convention Centre, Calgary; info/tickets

+ Oct. 26; Calgary Real Estate Forum, TELUS Convention Centre, Calgary; info/register

+ Oct. 26; YWCA Calgary’s She Who Dares - sesquicentennial project; 150 women to be recognized; City Hall


+ Nov. 3; The 3rd Annual Peter Burgener Memorial Charity Concerts – Barney Bentall & the Cariboo Express in support of Classroom Champions!, presented by Mawer Investments and Stanec [100% of ticket sales go to the cause!], in the Bella Concert Hall, Mount Royal Universtiy, Calgary; info/tickets .. password is CLASSROOM

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


[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


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



INTERESTING TRENDS IN INDUSTRIAL REAL ESTATE 




+ Daimler AG is expanding its Tuscaloosa, Alabama facility – investing US$1.0 billion to produce electric cars, global logistics center and North American hub for after-sales and electric batteries; adds 2.0 million sq. ft. to existing facilities


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NEWS SUMMARY 
 October 17 ~ 24 


+ Accenture agreed to acquire Altima; terms not disclosed

+ Amazon’s RFP for communities to host its’ 2nd World HQ – got lots if interest; Calgary submitted a bid (200-page bid, complete with banners in Seattle, a commercial and something about fighting bears), as did 237 other communities

+ Calgary’s new City Council sworn in

+ Cenovus Energy Inc. agreed to sell a portfolio of assets ‘Palliser’, in SE Alberta to Torxen Energy and Schlumberget for $1.3 billion

+ current energy prices – live link to current Bloomberg energy prices; crude steady with tiny upticks with supply concerns in the background …

+ Enbridge got its U.S. ‘Presidential’ permit for its Line 67(Alberta Clipper) pipeline replacement project; will increase daily volume from Edmonton to Superior, Wisconsin from 450,000 bpd to 890,000 bpd

+ Genesis Land Development Corp. agreed to sell two sites (8.65 acres) in its Sage Meadows development for $11.27 million

+ Ikkuma Resources Corp. closed $20.0 million sale, 51% interest in its ‘infrastructure disposition’ asset portfolio (Alberta foothills and BC deep basin)

+ ReidBuilt Homes has its Calgary Division on the market due to parent company debt problems; Edmonton based firm halted payments to trades for unpaid work … tic toc

+ Repsol SA is laying off an unspecified number of personnel from its Calgary business unit (formerly Talisman) as part of a global consolidation plan

+ rig counts: down 10 to 202 – full Western Canada breakdown

+ Sears Canada commenced store closing liquidations in all of its stores across Canada (74 department stores, 8 Sears Home stores); a JV led by Hilco Global/Merchant Retail Solutions are running the liquidations; list of closing locations – 8 in Alberta

+ Tangle Creek Energy Ltd. closed its $78.1 acquisition of Waskahigan and Kaybob assets from RMP Energy Inc.

+ U.S. rig counts down for 3rd week in a row – down 7 to 736




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Algeco/Scotsman Holdings S.a.r.l. closed US$72.0 million sr. unsecured debt financing

+ BTB REIT closed $25.3 million equity financing

+ MATRRIX Energy Technologies Inc. closed $2.3 million trance of unsecured convertible sub. debt financing by private placement

+ Renaissance Oil Corp. closed $3.15 million common share & warrants issue

+ True North Commercial REIT closed $40.26 million equity financing

+ Western Energy Services Corp. closed $212.5 million secured sr. debt financing

+ Western Energy Services Corp. closed $11.375 million equity financing by private placement

+ Western Energy Services Corp. closed $11.375 million equity financing

+ Western Energy Services Corp. secured $70.0 million revolving credit facility

+ Yellow Pages Limited closed $315.0 million sr. secured debt financing




 QUOTES

+ You can’t always sit in your corner of the forest and wait for people to come to you. You have to got to them sometimes. – Winnie the Pooh

+ Procrastination, makes easy things hard and hard things, harder. – Mason Cooley




 KUDOS 

+ to David Johnston, former Governor-General of Canada, winner of the 2018 International Horatio Alger Award

+ to Steve Allan and David Werklund – recipients of the Alberta Order of Excellence

+ to Mogens Smed, recipient of an Honourary Degree from SAIT




 CONSTRUCTION NEWS + INNOVATION 

+ 80-storey wood building? … are you serious? … could be, in London, UK; a proposed CLT (cross laminated timber) building – 4 towers/core construction; check out the details/cool drawing

+ underwater restaurant? … yes, in Norway …




 this week in REITS 


+ Brian Pauls to CEO @ Dream Industrial REIT

+ BTB REIT closed $25.3 million equity financing

+ Pure Multi-Family REIT LP agreed to acquired 230 unit project in Phoenix, AZ for US$59.0 million

+ SmartREIT is changing its name to SmartCentres REIT

+ Sylvain Cossette to CEO @ Cominar REIT

+ True North Commercial REIT closed its $15.8 million acquisition of 60,600 sq. ft. office building in Cambridge, ON

+ True North Commercial REIT closed $40.26 million equity financing




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario chose five bidders from a prequalification process for its Barrie Light Rail Corridor project; RFP will be released early in 2018 to these bidders: Steelhead Constructors (Aecon/Dufferin), EllisDon Infrastructure Transit, Barrie Corridor Construction Partners (Bot/Brennan), Dragados (Dragados Canada Inc.), Graham Commuter Rail Solutions

+ Toronto Tunnel Partners selected as preferred proponent to design, build and finance an upgraded rail tunnel project for GO Regional Express Rail program of Metrolinx/Infrastructure Ontario; Applicant Lead: EllisDon Capital Inc. and STRABAG Inc.; Construction: EllisDon Civil Ltd. and STRABAG Inc.; Design: WSP Canada Inc., Dr. Sauer & Partners, Amec Foster Wheeler; Financial Advisor: EllisDon Capital Inc. and STRABAG Inc.




INTERESTING REAL ESTATE NEWS, other places


+ Omicron got the green light on its $35.0 million Sidney Crossing project near the Victoria, BC airport




INTERESTING TRENDS IN RETAILING 


+ Birks Group Inc. closed the US$108.0 million sale of its Mayor’s Jewelers Inc. unit; will focus on expansion in the U.K.

+ The Cheesecake Factory is opening its first store in Canada – Yorkdale Shopping Centre in Toronto




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this site last updated June 10, 2025