FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Ajai Bambawale to Chief Risk Officer @ TD Bank Group

+ Amanda Whitewood to Vice-Chair @ Chartered Professional Accountants of Canada

+ Andrea Martin to Director @ Quebecor. Inc. and Quebecor Media Inc.

+ Ashley Grennier to Property Administrator @ Artis REIT

+ Bill Thomas to Global Chairman @ KPMG International

+ Chito Pabuston to Partner @ Gibbs Gage Architects

+ Chris Beck to COO & CFO @ The Caldwell Partners International Inc.

+ David Wittman to Partner @ Gibbs Gage Architects

+ Derek Payne to CFO @ FLYHT Aerospace Solutions Inc.

+ Donna Schendel to Assoc. VP Human Resources @ Bow Valley College

+ Dr. Misheck Mwaba to VP Academic @ Bow Valley College

+ Dr. Mona Nemer to Chief Science Advisor @ Government of Canada

+ Greg Parker, Exec. VP Strategy @ Home Capital Group Inc., left the company

+ Greg Parker to Exec. VP Capital Markets @ Street Capital Bank of Canada

+ Guy Bentinck, Director @ Potash Ridge Corporation, resigned

+ Mark Chauvin, Group Head & Chief Risk Officer @ TD Bank Group, retiring

+ Isabelle Hudon, Sr. VP Client Solutions @ Sun Life Financial Inc., resigned

+ Isabelle Hudon to Ambassador to France @ Government of Canada

+ Isac Burstein to Director @ Cobalt Power Group Inc.

+ Jagmeet Singh to Leader @ New Democrat Party of Canada

+ Jason Ewart, CEO & Director @ Fountain Asset Corp., retiring

+ Julie Payette Sworn In as Governor General @ Government of Canada

+ Mark Cummings to Pres. & CEO @ Teachers Life

+ Michael Laliberte to Exec. Dir. @ Chicken Farmers Of Canada

+ Nayeem Alli, CFO @ First Global Data Limited, resigned

+ Rick Kessy to COO @ Painted Pony Energy Ltd.

+ Robert Cacovic to Sr. Managing Dir. @ Bridging Finance Inc.

+ Tamer Basilious to Director Operations, Buildings/Project Mgmt. @ WSP Canada

+ Terry LeBlanc to Chair @ Chartered Professional Accountants of Canada

+ Theresa Llewellyn to Asset Manger @ Inter-Pro Property Corporation

+ Vaughn Ravenscroft to VP Strategy & CIO @ Bow Valley College

+ Vicki Ringelberg to CFO @ First Global Data Limited

+ William Falk to Executive-in-Residence @ Think Research

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




 MEMORIAM

+ Willard Olauson, commercial industry veteran and retired co-founder of Opus Building Corporation, died




 QUOTES

+ If you cannot do great things, do small things in a great way. – Napoleon Hill

+ When someone shows you who they are, believe them the first time. – Maya Angelou




  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 3, 2017




 TODAY'S HEADLINES


HEADLINES: crude prices up/wobbly | Metro buying Jean Coutu | NEB bullish on Duvernay | Nenshi behind in polls | RioCan selling 100 properties | Pembina closed its Veresen merger | WestJet will SWOOP + Wendy Brownie interview  upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Wendy Brownie, creator/curator/owner at inspirati

Last week's conversation with Michèle Stanners, Executive Director @ Making Treaty 7

A recent conversation with Norm Landry, Managing Director @ Lawson Projects

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

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ 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


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



 SHAREHOLDER MEETINGS

+ Oct. 3; Petrolia Inc., Annual and Special Meeting, Quebec City, QC


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ GWL Realty Advisors recognized ranked #1 by Global Real Estate Benchmark

+ Hinton is exploring a geothermal heating system for its downtown core – it would be the first in Canada




INTERESTING REAL ESTATE NEWS, other places


+ Brookfield Financial Partners LLC sols 400,000 sq. ft./18 story office tower in Dals to KBS Strategic Opportunity REIT II; terms not disclosed

+ ClubLink was not successful in its re-development scheme application to re-purpose the Glen Abbey Golf Course property …

+ in Toronto the Mirvish (Frank Gehry’s design) for a project at King St. W and John St., sold to Great Gulf, terms not disclosed; project will be two, possibly three towers

+ OMERS, together with Madison, are acquired Berlin’s Sony Center from Korea’s national pension fund for $1.62 billion

+ Sleep Country Canada Holdings Inc. unwrapped a new 140,000 sq. ft. distribution facility and head office in the GTA to service its 244 stores

+ Temple Hotels Inc. closed $9.6 million sale of its Holiday Inn Express in Sherwood Park, AB






NEWS SUMMARY 
 September 26 ~ October 3 


+ Alberta minimum wage increased to $13.60/hr. on Oct. 1st; mixed reviews

+ arena wars: Flames silent, Nenshi bragging/holding his position, Bettman knows little about Calgary and proves it each time he weighs in … tic toc

+ Birchcliff Energy Ltd. closed $31.7 million asset sale

+ Birchcliff Energy Ltd. got its Pouce Coupe natural gas plant expansion on stream

+ CI Financial Corp. closed its $780.0 million acquisition of Sentry Investments Corp.; CI’s book is now $140.0 billion

+ current energy prices – live link to current Bloomberg energy prices; WTI @US$50/bbl, Brent @ US$56/bbl; prices were up … then slipped on oversupply concerns - OPEC output, U.S. drilling ramp up to say nothing of Iraq tensions roiling markets slightly, not enough confidence in prices to spur investment, the jagged-saw-blade graph of price recovery … tic toc

+ election watch: Calgary municipal elections are Oct. 16th; polls suggest Nenshi isn’t a sure thing for re-election, Smith is getting support, Chabot and others look like also-rans …

+ Intact Financial Corporation completed its US$1.6 billion acquisition of OneBeacon Insurance Group Ltd.

+ joke of the week: some German research outfit (doubt they’ve ever been to Calgary) rated Calgary as the ‘best driving city in North America’; poppycock, bullfeathers! … With all due respect to Mac Logan and his crew who do a great job, this city is not the best driving, but some days it feels like the ‘most driving’…

+ Metro Inc. agreed to take over Jean Coutu Group for $4.5 billion

+ NEB published a report touting a greater future for Alberta’s Duvernay shale formation …

+ Odyssey Trust Company entered the Corporate Trust and Stock Transfer market

+ Osum Oil Sands Corp. agreed to sell a production royalty interest for $92.5 million in order to fund expansion of its Orion project

+ Pembina Pipeline Corporation closed its acquisition of / combination with Veresen Inc.

+ Pembina Pipeline Corporation announced it will boost its Phase V expansion from $135.0 million to $385.0 million

+ property tax … Tax as the New Strategic Driver report published by Altus Group

+ rig counts: down 7 to 213; complete breakdown

+ Sprott Asset Management agreed to acquire Central Fund of Canada Limited for $120.0 million; combined book to $11.5 billion

+ Superior Plus Corp. closed US$38.0 million acquisition of R.W. Earhart Company

+ Superior Plus Corp. closed its acquisition of Canwest Propane

+ WestJet announced the trade name of its new ultra-low-cost airline: SWOOP. Swoop will begin flying in 2018




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Acceleware Ltd. closed $837,192.0 equity financing by private placement

+ AltaGas Ltd. is on the market to raise $450.0 million in sr. unsecured debt

+ Bell Canada is on the market to raise $1.5 billion in debt issues

+ BTB REIT is on the market to raise $22.0 million in equity

+ CI Financial Corp. closed $250.0 million debt financing

+ GreenPower Motor Company Inc. closed $1,476,000.0 tranche of a convertible debt financing

+ Kontrol Energy Corp. closed $641,500.0 equity financing

+ Questerre Energy Corporation closed $31.0 million equity financing by private placement

+ Seven Generations Energy Ltd. closed US$700.0 million debt financing

+ TransAlta Renewables Inc.’s Kent Hills Wind LP is on the market to raise $260.0 million in debt by private placement




 CORPORATE RESPONSIBILITY REPORTS 


+ Air Canada published its 2016 Corporate Sustainability Report




 CONSTRUCTION NEWS + INNOVATION 

+ CanWei Building Materials Group Inc. closed its US$82.3 million acquisition of Honsador Building Products

+ Graham won Crowchild short-term improvements project; $62.0 million

+ 2017 Arcaid Awards shortlist: world’s best building image




 INTERESTING TRENDS IN RETAILING 


+ Sears Canada announced the closure of 10 more stores



 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ WORK PLACE ONE opened its 5th location in the GTA; this one at Bloor & Bay in Toronto, ON; business centre with a difference … or not 



 this week in REITS 


+ Ashley Grennier to Property Administrator @ Artis REIT

+ BTB REIT is on the market to raise $22.0 million in equity

+ Plaza Retail REIT announced it is investing $13.1 million to take a larger position in 8 properties

+ Pure Multi-Family REIT LP closed its US$66.35 million acquisition of 340 unit project in Dallas, TX

+ RioCan REIT announced it will sell 100 of its properties valued at over $2.0 billion




 INFRASTRUCTURE / P3  


+ Calgary’s new $245.0 million Central Library is now buttoned up (just in time it seems) for interior finishing; scheduled to open fall/2018

+ Mott MacDonald and Grimshaw Architects selected to lead the master planning for US$10. Billion redevelopment of JFK Airport in New York

+ SAIT opened 5 new facilities … last week




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this site last updated May 6, 2025