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 

+ Alex Bloomberg to VP Investment Portfolio Management @ Firm Capital American Realty Partners Corp.

+ Andre Beaudry to Exec. Dir. @ Co-operatives and Mutuals Canada

+ Bruce Graham to Sr. Bus. Advisor @ Osborne Interim Management

+ Christopher Galvin to Director @ Colliers International Group Inc.

+ Debbie Poulin to Commercial Property Manager @ Humford Management Inc.

+ Derek Pannell to Non-Executive Chair @ Nutrien Ltd.

+ Donald LeCavalier to Exec. VP & CFO @ Fiera Capital Corporation

+ Eleanor Forgeron, Director, Facilities and Office Services @ WorleyParsons, resigned

+ Eli Dadouch to Pres. & CEO @ Firm Capital American Realty Partners Corp.

+ Gord Rajewski to National Practice Leader, Building Science and Sustainability @ Pinchin Ltd.

+ Guy Chenard to Chief Commercial Officer @ Genetec Inc.

+ Iain Stewart to Pres. & CEO @ Genesis Land Development Corp.

+ Jay Jiang to CFO @ Dream Office REIT

+ Jill Huber to Sr. Project Mgr. @ Calgary Municipal Land Corporation

+ Jochen Tilk, Director & Exec. Chairman @ Nutrien Ltd., setting down

+ Jonathan Ashall to Regional Broker & Client Management Leader, Canada @ AXA XL-Canada

+ Kendra Davis to HR Mgr. @ SpaceCo Business Solutions Inc.

+ Lawrence Gervais to Pres. @ Métis Nation of Alberta 

+ Marie-Andree Boutin to Exec. VP Strategy and Operations – Retail @ Cominar REIT

+ Mark Cooper to Director of Communications @ Calgary Chamber of Commerce

+ Michel Chalouhi to VP, Global Sales @ Genetec Inc.

+ Mike Laitinen, CFO @ NetCents Technology Inc., resigned

+ Peter Brues to Director @ Transcontinental Inc.

+ Rachel Pinnington to Change Mgmt. Strategist @ OPTIMUS | SBR

+ Rajeev Viswanathan to CFO @ Dream Global REIT

+ Ryan Daynes to Bus. Dev. Mgr. @ Maxim Constructors Inc.

+ Sandra Lecuyer to VP Talent and Organization Management @ Cominar REIT

+ Scott Webb to Board Chair @ Lakeland College

+ Scott Young to VP, Prairies @ GardaWorld

+ Shannon Brown to Head of Sales @ Matchfield

+ Simon Hitzig to Pres. & CEO @ Accord Financial Corp.

+ Stephen Griggs to Exec. Chair @ Genesis Land Development Corp.

+ Steve Buck to Managing Dir., Technology Infrastructure @ Ontario Teachers’ Pension Plan

+ Victoria Bradbury to Director @ Canada Lands Company Limited


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




 MEMORIAM

+ Wayne Stephenson, founder of Bearspaw Country Club; 88




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Finding the right candidates – article from HRO Today




 KUDOS 

+ to Brookfield Residential - $3.5 million contribution to YMCA in Seton which will be named for Brookfield

+ to J.C. (Jack) Anderson and his daughter Wynne Chisholm – for donating their W.A. Ranches to the University of Calgary Faculty of Veterinary Medicine; a 19,000 acre cattle ranch operation gift is valued at $44.0 million




 QUOTES 

+ We must all either wear out or rust out, every one of us. My choice is to wear out. – Theodore Roosevelt

+ Never ruin an apology with an excuse. – unknown




  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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓ CLICK TO SIGN-UP ↓ 


CLICK HERE - 

FACILITYCalgary FREE




current week data

this  site is refreshed with a new issue every Tuesday morning


updated September 25, 2018




 TODAY'S HEADLINES


HEADLINES: crude prices at 4 yr. high | Enbridge consolidation | Gear acquired Steppe | KeystoneXL hurdle solved | TransMountain update + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

A recent conversation with Jenna Kaye, CEO @ Odyssey Trust

A recent conversation with Eric Friesen, Exec. VP @ Cool Green 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 MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



 CALGARY OLYMPICS 2026 BID WATCH 


+ bidding field is narrowing: Italy’s three-city consortium is down to a tale of two cities and becoming doubtful; Sapporo dropped out, so now it is Stockholm, Sweden; Erzurum, Turkey; Calgary … and maybe the Italians.

+ Mayor Nenshi is blowing warm air! … actually, he’s hot – wanted an investigation of City council emails and texts to find out who leaked documents detailing risk of Olympics-related cost overruns on the athlete’s village component of the project; Council voted 1203 against releasing the confidential report

+ athlete’s village component of the bid – a site of the Calgary Transit bus barns in Victoria Park is being considered; no detail whether costs of new bus barns somewhere else have been built into the bid’s budget … tic toc

+ Notley government announced it will provide full details of its funding support for the Olympic bid BEFORE the Nov. 13 plebiscite

+ the bid process

+ Feasibility Study and Conceptual Master Hosting Plan [365 page PDF download] – presented to Calgary City Council May 31, 2017




 SAVE THE DATE / upcoming events

+ Sept. 25-27; International Pipeline EXPO, Telus Convention Centre, Calgary; info/registration

+ Sept. 28; Friends of Fish Creek – A taste of Autumn – Wine & Beer Tasting and Silent Auction, Canyon Meadows Golf and Country Club; info/tickets

+ Oct. 1-3; BOMEX2108-Calgary, Hyatt Regency, Calgary; register/schedule/information and tickets

+ Oct. 23; Calgary Real Estate Forum, Telus Convention Centre, Calgary; info/registration

+ Oct. 23; CAPPA Conference 2018, Telus Convention Centre, Calgary; agenda/register

+ Oct. 23-25; 2018 CanWEA Annual Conference and Exhibition, BMO Centre, Stampede Park, Calgary; info/registration

+ Oct. 24; Distinguished Policy Fellow Awards Dinner (honouring Nancy Southern and Thomas d’Aquino); Sheraton Eau Claire, Calgary; info/sponsorship/tickets

+ Oct. 30; 24th Annual Joint Conference – GPAC/PJVA; Calgary Petroleum Club, Calgary; info/registration

+ Nov. 2; LITGALA, New Central Library, East Village, Calgary; info/donate/tickets

+ 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. 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. 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. 14-15; 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


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



↓ CLICK TO SIGN-UP ↓ 


CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 September 18 ~ 25 


+ Arts Commons announced plans to develop a 2-phase project of Olympic square; new arts spaces and residential; $400.0 million capital cost ~ nice dream, no funding and the budget does not include any rehab for existing portions of Olympic Plaza, so don’t hold your breath … tic toc

+ Empire Company Limited agreed to acquire the Farm Boy (26 stores in Ontario) chain for $800.0 million

+ Enercare Inc. shareholders approved acquisition by Brookfield Infrastructure et al

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices up [4 yr. high] up on news OPEC will not boost output – WTI US$72/bbl, Brent US$81/bbl

+ Enbridge Inc. acquired all public equity of Enbridge Energy Partners LP and Enbridge Energy Management LLS for US$3.5 billion

+ Enbridge Inc. acquired all public equity of Enbridge Income Fund Holdings Inc. for $4.7 billion

+ Gear Energy Ltd. closed its acquisition of Steppe Resources Inc.

+ global oil consumption is hitting 100 million bpd, twice what it was 50 years ago; lots of re-thinking if ‘peak oil’ is a firm we can grasp. IEA estimates suggest 125 million bpd by 2050 … tic toc

+ Keystone XL Pipeline project got a U.S. Federal Court ruling that the route will not harm the environment; accordingly TransCanada Corporation is reported to be planning a start to construction in Nebraska in early 2019

+ NAFTA watch; negotiations continue amid speculation the U.S. will craft a new deal with Mexico; meanwhile the Trudeau government continues to waffle in its comments of whether or not it will budge on auto and dairy industry issues … tic toc

+ North American Construction Group Ltd. acquired 49% of Nuna Logistics Ltd. for $42.5 million; 51% belongs to Kitikmeot Corp., a Kitikmeot Inuit Association business

+ Pembina Pipeline Corporation is expanding its service in the Wapiti region to handle increased demand; will invest an additional $120.0 million in its gathering system, to be secured by long term take-or-pay commitments

+ rig counts; down 29 to 197 this week: this week’s Canadian breakdown

+ TeraGo Inc. agreed to acquire Mobilexchange Spectrum Inc. for $5.565 million

+ TransMountain Pipeline expansion: the Trudeau government has given itself and the NEB a timeline of 22 weeks to get necessary (per Federal Court of Appeal ruling) consultations on marine and indigenous group impacts; check out a great analysis by the folks at Dentons … tic toc

+ U.S. rig counts: down 2 on the week to 1,053 – click here for full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Arrow Exploration Ltd. closed US$17.69 million equity financing by private placement

+ Gear Energy Ltd. secured $115.0 million credit facility

+ iSIGN Media Solutions Inc. closed $500,000.0 convertible debt financing

+ Middlefield Group/Global Real Estate and E-Commerce Dividend Fund is on the market to raise $150.0 million by IPO

+ NorthWest Healthcare Properties REIT secured U$500.0 million debt facility

+ Seaspan Corporation closed $150.0 million preferred share issue

+ Top Strike Resources Corp. closed $7.2 million refinancing by private placement


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




 CONSTRUCTION NEWS + INNOVATION 

+ ground broken on Northern Lakes College in High Prairie; budget is $29.0 million

+ North American Construction Group Ltd. acquired 49% of Nuna Logistics Ltd. for $42.5 million; 51% belongs to Kitikmeot Corp., a Kitikmeot Inuit Association business

+ The Real Dirt on Dirt: Solutions for Construction Soil Management – Ontario best practices




 this week in REITS 


+ CAP REIT is under contract to acquire 13 properties in the Netherlands; 535 units, $183.5 million

+ Jay Jiang to CFO @ Dream Office REIT

+ Marie-Andree Boutin to Exec. VP Strategy and Operations – Retail @ Cominar REIT

+ NorthWest Healthcare Properties REIT closed its sale of 70% interest in its Australian portfolio for A$412.0 million

+ NorthWest Healthcare Properties REIT secured U$500.0 million debt facility

+ Rajeev Viswanathan to CFO @ Dream Global REIT

+ Partners REIT agreed to sell 9 of its 10 remaining properties in western Canada; also putting 11 properties in Quebec up for sale

+ Sandra Lecuyer to VP Talent and Organization Management @ Cominar REIT




 INFRASTRUCTURE / P3  


+ CBS JV Corp. selected as first negotiation proponent for Canadian Nuclear Laboratories project to replace Chalk River facility for nuclear medicine isotope production; Chandos Construction is managing partner in the JV; project capital budget is $250.0 million

+ Enercare Inc. shareholders approved acquisition by Brookfield Infrastructure et al

+ 40th anniversary of Kananaskis Country – there was cake, a Premier and a former Premier’s family




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Ivanhoé Cambridge acquired U.S. based Callahan Capital Properties; terms not disclosed

+ Koios Beverage Corp. secured $28.0 million equity financing; common shares and warrants

+ Microsoft Research Montreal will relocate its state-of-the-art lab and office to a new facility being developed by Canderel and Claridge at Mile-Ex, the city’s new artificial intelligence hub. The facility, at 6795 Marconi, will open in fall 2019




 INTERESTING THINGS IN RETAIL 


+ Empire Company Limited agreed to acquire the Farm Boy (26 stores in Ontario) chain for $800.0 million

+ Michael Kors is reported near a deal to acquire Italian brand Versace for US$2.0 billion




 INTERESTING THINGS IN INDUSTRIAL 


+ Alberta Gaming, Liquor and Cannabis Commission new 543,000 sq. ft. liquor distribution facility opened in St. Albert; $142.0 million facility can hold 70,000 pallets of alcohol products




 SHAREHOLDER MEETINGS

+ Sept. 25; Calgary Philharmonic Society, Annual General Meeting, Ranchman’s Club, Calgary

+ Sept. 25; CBC/Radio-Canada, Annual Public Meeting, Edmonton

+ Oct. 11; Canada Development Investment Corporation, Annual Public Meeting, Calgary


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ electric car wars – Saudi sovereign wealth fund invested US$1.0 billion in Lucid Motors, a competitor or Tesla




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 - 2018 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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

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


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