FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

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


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com