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2003 Program

7:00 AM

REGISTRATION & CONTINENTAL BREAKFAST

8:00 AM

WELCOME & GREETINGS

 

Forum Chairman:

Tom Farley, Executive Vice President & COO, Brookfield Properties Corporation

8:05 AM

HOW WILL THE CALGARY AND ALBERTA ECONOMY PERFORM IN 2004? HOW MUCH GROWTH CAN WE EXPECT?

 

A panel of leading Canadian economists will offer their insights and forecasts on both the short term performance and long term outlook for the North American economy.

The session will begin with a presentation on the economic outlook and performance of the Calgary market and a look at the key emerging trends in this region. What industries and sectors are driving job creation? What is the outlook for employment and population growth for the Calgary market? How do the prospects for Calgary compare with the outlook for other major Canadian cities? What are the major reasons why Calgary is outperforming most other cities across the country? The panel will also examine the outlook for the oil and gas industry and the extent to which the growth and prosperity of the Calgary market is directly linked to the oil and gas sector.

Moderator:

Dr. Loleen Berdahl, Director of Research, Canada West Foundation

Panel:

Jason Clemens, Director of Fiscal Studies, The Fraser Institute
Mario Lefebvre, Associate Director, Economic Services, Conference Board of Canada
Peter Tertzakian, Chief Energy Economist & Director Energy Research Group, ARC Financial Corporation

9:10 AM

KEYNOTE PRESENTATION: GROWTH AND DEVELOPMENT IN CALGARY AND EDMONTON

 

The cities of Calgary and Edmonton are experiencing some of the strongest growth rates among all major centres across Canada. Municipal officials from these two cities will discuss their respective visions for these communities. They will also examine the strategies being used to manage growth and development and what the future might hold for their cities.

Moderator:

Tom Farley, Executive Vice President & COO, Brookfield Properties Corporation

Speakers:

Bill Smith, Mayor, City of Edmonton
Owen Tobert, General Manager, Utilities and Environmental Protection, City of Calgary

10:00 AM

WILL STRONG INVESTOR INTEREST IN CALGARY CONTINUE IN 2004? WHY IS CALGARY ONE OF THE 24 URBAN RISING STARS IN THE WORLD?

 

A presentation of the results from a recent survey of 100 senior real estate executives who control $75 billion of real estate and debt portfolios in Canada. The survey examined the perceptions of these key decision-makers about commercial real estate in Canada; what the trends are and how they will affect the future of seven key markets across the country, including Calgary. Given the survey results of the past four years and the forecasts for Calgary, what are the projections for investor interest in 2004? Another issue that will also be addressed is the relationship between the price of oil and office leasing and vacancy rates.

Moderator:

Kevin Keyes, Partner, Gowling Lafleur Henderson LLP

Speakers:

Catherine Marshall, Senior Vice President, Research, LaSalle Investment Management
Sandy McNair, President, InSite Real Estate Information Systems

10:35 AM

MORNING REFRESHMENTS

 

11:00 AM

CONCURRENT SESSIONS (Select A1, A2 or A3)

 

Session A1:

Development Strategies and Opportunities at the University of Calgary and the University of Alberta

Organized by CoreNet Global Canada

This will be a unique presentation by senior officials from two major Alberta universities on the development plans of these institutions and what opportunities might be available for real estate acquisitions, investment, construction, and partnerships.

Moderator:

Andrew MacLachlan, Managing Partner, Torode Realty

Speakers:

Roman Cooney, Vice President, Strategic Initiatives, University of Calgary
Don Hickey, Vice President, Facilities & Operations, University of Alberta

Session A2:

The Industrial Market in Calgary: Will the Softness Continue?

Over the past few years, industrial real estate has been one of the most sought after asset classes by investors. This panel will examine the current situation and future prospects for this sector from the perspective of owners, developers, investors, and users. Will the logistics sector continue to remain strong? Is the tenancy profile expected to change over the next few years? What is the outlook for leasing activity in this sector?

Moderator:

Chris Anderson, Vice President & General Sales Manager, Royal LePage Commercial Inc.

Speakers:

Randy Cameron, Senior Vice President, Western Canada, Dundee REIT
Kathy Harder, President, SummitREIT Property Management Ltd.
Darshan Kailly, President & CEO, CF Canada
Kevin Pshebniski, President & COO, Hopewell Developments

Session A3:

Apartment Sector Update: Trends, Opportunities, and Risks

The rental apartment sector continues to attract capital and investor interest because of its historical stable returns. New apartment construction has also started across Canada, the institutional investors are back, and lenders like the asset class as well. Where is this sector going, what are the opportunities, and where are the risks? What is the impact of condominium development and individual investors in the market?

Moderator:

Derek Lobo, President, Derek Lobo & Associates

Panel:

Kristin Bell, Partner, BKDI Architects
John Cardiff, Associate Vice President, Royal LePage Commercial Inc.
Paul Mayer, CEO, Pemcor Development Group
Bob Peterson, President, R.C. Peterson Ltd.

12:00 PM

INFORMAL LUNCHEON & NETWORKING OPPORTUNITY

 
 

LUNCHEON REFRESHMENTS

 

1:00 PM

CONCURRENT SESSIONS (Select B1, B2 or B3)

 

Session B1:

Trends and the Outlook for the Calgary Retail Market

Some observers suggest that retail activity in Canada has become rather sluggish in 2003. This session will open with an examination of the demand side of the retail sector with a particular focus on the Calgary and Alberta markets. What is the outlook for retail growth for 2004 and beyond?

The second part of the discussion will examine the retail sector from the perspective of both developers and users, and their insights on what the future might hold in Calgary. The $500 million Deerfoot Meadows Retail Complex will also be discussed.

Moderator:

Kim Beingessner, Associate Vice President, Retail Services, CB Richard Ellis Limited

Panel:

Brian Kozak, Director Real Estate, Western Canada, Canadian Tire Real Estate Limited
Ken Mariash, Managing Partner, Heritage Partners Limited Partnership
David Schiffer, Executive Vice President, Land Development, First Pro Shopping Centres
John Williams, President, J.C. Williams Group Ltd.

Session B2:

Trends & Opportunities in the Downtown & Suburban Office Markets

What are the key trends in the downtown and suburban office markets? The session will open with a brief overview of the market including absorption trends. This will be followed by a panel discussion on leasing, design/build, investment, and development activities in the core and suburban areas.

Moderator:

Sandy McNair, President, InSite Real Estate Information Systems

Panel:

Tom Farley, Executive Vice President & COO, Brookfield Properties Corporation
Randy Fennessey, Vice President, J.J. Barnicke Limited 
James Midwinter, Vice President, Alberta & Development, GWL Realty Advisors
Bob Morgan, Vice President, CB Richard Ellis Limited
John Smith, Senior Vice President, Western Canada, Oxford Properties Group Inc.

Session B3:

High Value Opportunities and Small Entrepreneurs

Notwithstanding the softness of most of the traditional real estate asset classes, there are individuals and organizations who are creating value. This panel will examine some of the entrepreneurs who are successfully finding opportunities in the office, industrial, retail, and mixed-use sectors by acquiring sites and properties that appear to be out-of-favour, and then capitalizing on these unique market opportunities.

Moderator:

Randy Kraft, Partner, Real Estate and Construction, KPMG

Panel:

Ken Acheson, General Manager, Kennington Properties Ltd.
Michael Evans, President, Atlas Development Corporation
Kevin Ogle, President, Peregrin Property Services

2:00 PM

CONCURRENT SESSIONS (Select C1 or C2)

 

Session C1:

Real Estate Financing Trends in the Calgary Market

A question and answer session on the commercial mortgage market in Calgary with an emphasis on financing transactions under $15 million. The audience may participate by e-mailing questions in advance. The moderator will rapidly move the panellists through the answers to provide a wide range of information on real estate finance. Topics will include: lending criteria and policies, maximum loan amounts and limits on loan values for any individual client, pricing, what asset classes are desirable and which ones are not at this time, and what, specifically, can a borrower do to ensure his borrowing needs are being met by Canadian mortgage lenders.

Moderator:

Neil Foran, Associate, Montrose Mortgage

Speakers:

Geoff Coombe, Senior Investment Officer – Western Canada, Maritime Life Insurance Company
Tino Masecchia, Vice President, Mortgage Investments Canada, CDP Capital – Mortgages
Chris Peterson, Assistant Vice President, Commercial Banking, First Calgary Savings & Credit Union Ltd.
Jim Scrivens, Assistant Vice President, Commercial Lending, First National Financial Corporation

Session C2:

Municipal Policies Related to Transportation, Planning and Development, and Real Estate: Where are They Heading?

A roundtable discussion with senior City of Calgary officials who have responsibilities in the areas of planning, real estate development and disposition, and transportation. This panel will examine some of the key issues facing growth in the city and how they are being addressed. Among the topics to be discussed are:

  • What kind of transportation policies, industrial strategies, and planning policies is the city embarking upon to manage growth successfully?
  • What is the city currently doing or contemplating doing, to improve the movement of people in and around the city as well as access to commercial and retail sites? Are development charges expected to play a large role in financing any municipal transportation improvements?
  • Does the city expect to make any particular changes to its planning policies and procedures over the next year? If so, what will they be and when will they come into effect?

There will also be an update on development and transaction activity from the head of the city’s Corporate Properties Department.

Moderator:

Scott Hutcheson, President & CEO, Aspen Properties Ltd.

Panel:

Gary Klassen, General Manager, Development & Building, City of Calgary
Mac Logan, Manager, Transportation Planning, City of Calgary
Brad Stevens, General Manager, Corporate Properties, City of Calgary

3:00 PM

THE CEO ROUNDTABLE: WHERE ARE WE GOING FROM HERE?

 

A panel of chief executives will provide their insights on the future outlook for their sectors in Alberta over both the short and medium term. They will also offer their vision of Calgary and the extent to which the city is meeting the needs of their corporations, their employees, and their industry.

Moderator:

Jim Gray, Director, Brascan Financial and Past Chairman, Canadian Hunter Exploration

Speaker:

Harold Kvisle, President & CEO, TransCanada Corporation

4:00 PM

CLOSING RECEPTION