FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alan Fleishman to Pres. @ Solar Alliance Energy Inc.

+ Alex Buhler to Chief Technology Officer @ Clearly.ca

+ Allen Gransch to Exec. VP Corporate Dev. @ Secure Energy Services Inc.

+ Amanda St. Laurent to Director, Programs @ Inn from the Cold

+ Andrew Squires to Interim CEO @ Potash Ridge Corporation

+ Arnaud Bussières to Managing Dir. @ Clearly.ca

+ Carl Arnheim, Deputy Minister, Health @ Government of Alberta, resigned

+ Cody Smith to Interim CEO @ Strategic Oil & Gas Ltd.

+ Dan Lawrence to Pres. @ United Van Lines (Canada) Ltd.

+ Dan Sobic to Director @ Cervus Equipment Corporation         

+ Earl Hauser to Project Mgmt. Officer @ Public Services and Procurement Canada

+ Gurpeet Sawhney, Pres. & CEO @ Strategic Oil & Gas Ltd., resigned

+ Guy Bentinck to CEO @ Potash Ridge Corporation, replaced …

+ Jeff Marshall to Chief Product & Marketing Officer @ Street Capital Group Inc.

+ Jenny McMordie to Pres., Alberta Branch @ The Canadian Bar Association

+ Jo-Ann Lempert to Trustee @ Inovalis REIT

+ Jonthan Foster to VP, Exec. Compensation @ Accompass

+ Kathy Walker to Director @ Ur-Energy Inc.

+ Kelley Morrell to Managing Dir. & Head of Asset Mgmt. @ Blackstone

+ Margaret Whelan to Director @ Mattamy Homes Limited

+ Mike Hardman to Pres. & CEO @ National Concrete Association

+ Nicolas Gaudreau to Chief Marketing Officer @ Reitmans (Canada) Limited

+ Pete Molenaar to Sr. VP & Head, Commercial Banking @ HSBC Bank Canada

+ Rita Skinner to Sr. Property Mgr. @ CREIT

+ Rosalind Brewer to COO @ Starbucks Corp.

+ Stevan Lewis to Sr. VP Digital Transformation @ Sun Life Financial Inc.

+ Stuart Garvie to CEO @ GroupM Canada

+ Sue Punter to Regional Director, Operations @ RioCan REIT

+ Troy Paton to COO @ Northland Power Inc.


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




 SHAREHOLDER MEETINGS

+ Sept. 12; Home Capital Group Inc., Special Meeting of Shareholders, Toronto

+ Sept. 14; Empire Company Limited, Annual General Meeting, New Glasgow, NS

+ Sept. 26; Calgary Philharmonic Society, Annual General Meeting, Calgary

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


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



  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 September 12, 2017




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



CONVERSATIONS

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 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



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Sept. 11-12; Flames Golf Classic, Country Hills and The Hamptons golf clubs; info/register


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



 SAVE THE DATE / upcoming events

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 13-14; Red Deer Oil & Gas Expor, Westerner Park, Red Deer; info/book space/registration/sponsorship

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 20; School of Public Policy: NAFTA 2.0: Risks and Responsibilities for Canada’s Energy Sector Luncheon, Palliser Hotel, Calgary; register/tickets

+ Sept. 21; Lend An Ear Breakfast, Odd Fellows Club, Calgary; info/tickets

+ Sept. 22; Making Treat 7's 2nd Annual Fundraiser/Gala, Mount Royal University, Calgary; info/tickets/sponsors

+ 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


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



INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ Mitsui Fudosan agreed to acquire 90% stake in US$3.6 billion/2.8 million sq. ft. #50 Hudson Yards in Manhattan




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2017 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



NEWS SUMMARY 
 September 5 ~ 12 


+ Agrium Inc. and Potash Corporation of Saskatchewan secured Competition Bureau clearance for their pending merger

+ Bank of Canada raised its overnight rate by ¼ of 1%; chartered banks and mortgage lenders followed with a 25 basis points bump in most rates

+ current energy prices – live link to current Bloomberg energy prices; crude up, volatility due to hurricanes disrupting southern U.S. /GOM production and refining … tic toc

+ Enbridge Inc. facing regulatory hurdles in Minnesota on its Line 3 expansion

+ Eau Claire Market site redevelopment approved by Calgary city council; 2.1 million sq. ft. development will include five towers, 1,000 residential units, and an office building; the brick smokestack stays but will be relocated 10 metres from its existing site

+ Kuro Coal Limited agreed to acquired Elan Coal Ltd. for $6.75 million

+ Lexin Resources Ltd. et al assets are on the market; Sayer Advisors are selling them for Receiver Grant Thornton

+ Pengrowth Energy Corporation agreed to sell its remaining Swan Hills assets for $150.0 million

+ rig counts: up by 1 to 202 this week; complete Canadian breakdown

+ Rocky Mountain Dealerships Inc. adopted an advance notice by-law

+ Sun Life Global Investments agreed to acquire Excel Funds Management Inc. and Excel Investments Counsel Inc. ($700 million book)

+ Trilogy Energy Corp. got shareholder approval for its merger with Paramount Resources Ltd.; similarly Paramount Resources Ltd. also secured shareholder approval

+ TransCanada Corporation requested of the NEB a 30-day suspension of its Energy East and Mainline projects while they review regulatory landscape changes … tic toc

+ White Owl Energy Services Inc. acquired the Clairmont Terminal; terms not disclosed

+ 3C Information Solutions Inc. closed its acquisition of Advantage Tower Ltd.; terms not disclosed




 CORRECTION ... OOPS! 

Last week we reported:

+ MCAN Mortgage Corporation changed its name to XMC Mortgage Corporation

Correction:

+ MCAN Mortgage Corporation’s subsidiary Xceed Mortgage Corporation changed its name to XMC Mortgage Corporation




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Acceleware Ltd. is on the market to raise $1.25 million in equity by private placement

+ BP Midstream Partners LP is on the market to raise US$100.0 million by an IPO

+ Brookfield Asset Management Inc. is on the market to raise US$550.0 million in debt

+ Brookfield Asset Management Inc. closed $300.0 million equity financing by a preferred share offering

+ Brookfield Infrastructure Partners L.P. is on the market US$1.0 billion in equity

+ Ikkuma Resources Corp. closed $7,393,630.0 tranche of flow-through common shares issue by private placement

+ LGC Capital Ltd. closed $2.63 million tranche of its equity placement by private placement

+ Redknee Solutions Inc. closed $96.0 million in equity financings

+ SDX Energy Inc. is on the market to raise US$10.0 million in equity by private placement

+ 407 International Inc. closed $800.0 million debt financing




 QUOTES

+ It’s better to recall something you wish you’d said than something you wish you hadn’t. – Frank Clark

+ Accept no one’s definition of your life; define yourself. – Harvey Fierstein




 KUDOS 

+ to four U of C professors, elected to the Royal Society of Canada; John Ferris, William Ghali, Pere Santamaria and Barry Sanders




 CONSTRUCTION NEWS + INNOVATION 

+ CanWel Building Materials Group Ltd. agreed to acquired Honsador Building Products group for US$80.0 million

+ Amazon is planning a new headquarters; its 2nd world headquarters facility will house 50,000 employees and is budgeted at US$5.0 billion - 8 cities in the serious running, vying to be Amazon’s new home; Mayor Nenshi is talking up Calgary’s pitch also … 




 this week in REITS 


+ BTB REIT sold a property in Trois-Rivieres for $1.825 million

+ InterRent REIT agreed to acquire two high-rise apartments (249 units) in Montreal for $53.75 million

+ InterRent REIT agreed to acquire a mid-rise apartment (74 unite) in Hamilton for $11.25 million

+ Jo-Ann Lempert to Trustee @ Inovalis REIT

+ Rita Skinner to Sr. Property Mgr. @ CREIT

+ Slate Retail REIT agreed to acquire Dorman Centre in Greenville-Spartansburg for US$46.0 million

+ Slate Retail REIT agreed to acquire West Valley Marketplace in Allentown for US34.5 million

+ Sue Punter to Regional Director, Operations @ RioCan REIT




 INFRASTRUCTURE / P3  


+ B.C.’s new NDP government cancelled construction of the bridge to replace the Massey tunnel; they’ve sent the project for ‘technical review’, which a new term for ‘political meddling’; future of the $3.5 billion 10-lane project connecting Richmond and Delta is now in a traffic grid-lock of its own … tic toc

+ Calgary’s southwest ring road project’s ‘environmental appeal issues’ to delay the project; appeal hearings scheduled for Oct. 12-13 … tic toc

+ Connor, Clark & Lunn Infrastructure closed its acquisition of 14 construction-stage mountain sights;  65MW solar capacity in Chile




INTERESTING REAL ESTATE NEWS, other places


+ Andrew Peller Ltd. agreed to acquire three B.C. wineries (Black Hills Estate Winery, Gray Monk Estate Winery) for $95.0 million; also a letter of intent to acquire Tinhorn Creek Vineyards


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025