2010 Program

7:00 AM
REGISTRATION & CONTINENTAL BREAKFAST

8:00 AM
OPENING REMARKS: PROGRAM OVERVIEW

Introduction of the Forum Chairman:
David Judge
, President, Humford Management Inc.

Forum Chairman:
Shaun Wuschke
, Vice President, Edmonton, Bentall LP


8:05 AM
NAVIGATING INTERESTING TIMES: An Economic Overview

An insightful presentation on the economic fundamentals that are driving the Canadian Economy in general and the performance of Edmonton in particular. Mr. Jestin will discuss a range of related issues including expected Canadian and U.S. interest rates for the next 12-18 months, the outlook for the Canadian dollar, market liquidity, energy prices and the rates of inflation and bond yields. Assessing the recession’s impact on Canadian Real Estate, what brought about the current cycle and whether capital has returned and if so at what cost are all valuable topics that will be addressed to help successfully navigate through these interesting times. How do the prospects for Edmonton compare with other major Canadian cities?

Warren Jestin

Speaker:
Warren Jestin
, Senior Vice-President and Chief Economist, Scotiabank


8:35 AM
THE OIL & GAS SECTORS: What Lies Ahead?text

With oil and gas driving the Alberta market this insightful presentation will provide an outlook for the Alberta energy sector over the next 12-24 months. Discussion will consider the new oil sands extraction methods, growing environmental concerns and the influence these integral factors have on Edmonton and the rest of Canada. What are the environmental impacts and what is currently being considered to maintain cost efficiencies? What are the implications of these energy prices for capital investment in Alberta but specifically Edmonton? Will natural gas prices recover and what impact does that play?

Speaker:
David Collyer
, President, Canadian Association of Petroleum Producers


9:05 AM
INVESTMENT ACTIVITY IN EDMONTON: An Outlook

10:05 AM
MORNING REFRESHMENTS

10:25
CONCURRENT SESSIONS (Select A1, A2 or A3)
Session A1:
AN UPDATE ON THE OFFICE MARKET: WHERE IS IT HEADING?

The energy sector and the Provincial government affect real estate in Edmonton. With the oil and gas sectors feeling the effects of the downturn in the economy, demand for office space has subsided and subleasing is now playing a growing factor. What is the forecast for office space requirements for the downtown core? How will the addition of the new Epcor and Devonian buildings coming online affect vacancy rates? The panel will also review lease and occupancy rates over the last 5 years – are we headed back to the basics in both of these areas? How will the various classes of office product compete in the short to medium term?

Moderator:
Cory Wosnack
, Principal, Avison Young Canada Inc.

Panel:
Scott Hutcheson
, Chairman & CEO, Aspen Properties Ltd.
Ken Cantor, Commercial Manager, QualicoSandy McNair, President, Altus InSite (please email for presentation)
Dean Wulf, Director of Office Leasing, Oxford Properties Group


Session A2:
TODAY’S WORK FORCE – HEADING BACK TO THE BASICS!

Many companies today are struggling to find and maintain younger talent to help develop their companies. With baby boomers starting to retire and a smaller pool of talent in Gen Y and Gen X, organizations must begin to plan for succession, develop younger talent, and create an attractive work environment. How can we regain productivity levels prior to 2005/06? The panel will share their best strategies for successful planning and developing young talent.

Moderator:
John Frederickson
, Managing Director, Edmonton, Colliers International

Panel:
Michael Bacchus, Partner, Conroy Ross Partners Limited
Cindy Nicholls, Principal, Avid Exec Ltd.
Dr. Sam Shaw, President & CEO, NAIT


Session A3:
IT’S NOT ALWAYS ABOUT THE BIG GUYS: WHERE ARE ENTREPRENEURS INVESTING THEIR MONEY TODAY?

In today’s uncertain market it is often the smaller, more versatile investors who are able to act quickly. Where and how to engage entrepreneurial investors and sellers alongside discussions on how to find new opportunities are shared amongst the diverse professionals on this dynamic panel.

Moderator:
John Ross
, Managing Director, Avison Young Canada Inc.

Panel:
Bill Butler, President, Springwood Developments
Phil Milroy, CEO, Westcorp Properties Inc.
Tom Novecosky, President, Signature Properties Inc.
Guy Scott, Partner, WAM Development Group


11:30 AM
CONCURRENT SESSIONS (Select B1, B2, B3 or B4) 
Session B1:
MULTI-UNIT RESIDENTIAL: Performance Ratin

Despite a struggling economy, Edmonton still has the lowest rental vacancy rate in the country. The expected completion of several major condo units coming onto the market in the next 12 months has increased speculation on the effect this product onslaught will have on rental rates. Is the conversion of buildings to assisted living the next major trends in multi-unit residential? Why are the institutions interested in multi family now?

Moderator:
Randy Ferguson
, Chief Operating Officer, ProCura Real Estate Services Ltd.

Panel:
Greg Christenson
, President, Christenson Developments Ltd. 
Richard Goatcher, Senior Market Analyst, Canada Mortgage & Housing Corporation 
Rich Westren, Vice President, Edmonton Land, Carma Developers 
Raphael Yau, Associate Partner, Multi-Family Sales, Cushman & Wakefield Edmonton


Session B2:
INDUSTRIAL MARKET: Long Term Optimism or Short Term Survival?

With the challenging economy industrial real estate development has been directly affected as various sectors tightened their financial belts. With the higher commodity prices in play a renewed interest in industrial markets are growing. Is this a false recovery? How have land prices, lease rates and industrial development been affected? The panel will review projections for 2010/2011 industrial development and outline potential market activity trends that help decision making in this transitioning market.

Moderator:
Rod Connop
, Vice President, Colliers International

Panel:
David Eyre, Principal, Vermont Property Group
Darren Durstling, Partner, WAM Development Group
John Marotta, Senior Vice President, Western Region, Bentall LP
Terry McRobb, Director, Leasing & Property Management, ING Real Estate


Session B3:
CREDIT AND DEBT MARKETS: WHAT LIES AHEAD? WHERE ARE THE SPREADS HEADING?

Credit will continue to be a significant focus for real estate executives for at least the next twelve to eighteen months – if not longer. Dramatic changes to valuations, loan to value ratios, the credit worthiness of real estate declines and structural imbalances within the industry represent major threats to potential investors encouraging a “wait and see” mentality. Concurrently they create exciting opportunities for aggressive investors willing to deploy capital in an uncertain market. These issues affect everyone – from the owners of assets, equity funds and private investors to banks, pension funds and other institutional sources of recapitalization. On one hand it creates a level of optimism and on the other the challenge of refinancing for both public and private sectors: “how to refinance assets for growth when there is debt on the balance sheet?” This panel will examine key trends and issues.

Moderator:
Eric Carlson
, President & CEO, Anthem Properties

Panel:
Troy Barker
, Director, Prairie Region, First National Financial LP
Rick Creighton, Principal, Montrose Mortgage Corp.
Jim Foote, Senior Director, Origination, CIBC Commercial Mortgages
Ed Knash, Vice President, ATB Corporate Financial Services


12:30 PM
INFORMAL LUNCHEON & NETWORKING OPPORTUNITY
LUNCHEON REFRESHMENTS

1:10 PM
LUNCHEON KEYNOTE: UPDATE ON THE EDMONTON ARENA DISTRICT DEVELOPMENT

Speaker:
Robert Black
, QC, Executive Vice President Sports & Entertainment, Katz Group


2:00 PM
CONCURRENT SESSIONS (Select C1, C2 or C3)
Session C1:
RETAIL: Holding Pattern?

Major retailers and local retailers may have a different take on the market and the current economy. This panel of leading retail professionals will discuss successful players, their strategies and how they see potential patterns to promote growth going forward. Taking a look at the overall retail market and the fall-out from recent closures, the panel will discuss affects on retail rental rates, new developments and incentives for growth and stability in the retail market sector. What are the trends to propel retail forward? Are American firms still interested in Edmonton and Canada in general?

Moderator:
Andrew Megson
, President, Springwood Land Corp.

Panel:
Jay McMartin, President, Brentwood Developments
Paul Raimundo, Partner, DTZ Barnicke
Geoff Stollery, Director, Real Estate, Best Buy Canada Ltd.
Ron Odagaki, Senior Director of Retail Leasing, Strategic Group


Session C2:
THE EDMONTON ECONOMIC OUTLOOK: A Short and Long Term Forecast

In this session Edmonton Economic Development Corporation CEO Ron Gilbertson will share his insight on the current and long term business and commercial climate for Edmonton and Alberta. Adding perspective to the discussion will be Randy Ferguson, a member of the community-driven EXPO 2017 Bid Committee, Chief Operating Officer of ProCura, and Chair of Edmonton Economic Development Corporation. Randy will share insights on the potential economic, educational and environmental motivators compelling bid development. EXPO 2017 provides a seven-year international platform valuable to Alberta’s and Canada’s engine of growth — the energy-sector and, if successful, will serve as a stimulant for Canada’s development industry. This session promises to be lively and engaging.

Speakers:
Randy Ferguson
, Chairman of the Board, Edmonton Economic Development Corporation
Ron Gilbertson, President & CEO, Edmonton Economic Development Corporation


Session C3:
THE APARTMENT SECTOR: Changing Cycle?

Notwithstanding concern about vacancy rates, the multi-unit residential sector continues to attract capital and investor interest because of historically stable returns. Institutional investors are back with lenders who like this asset class encouraging some new apartment construction across Alberta. What are the opportunities and risk for this sector? What impact is condominium development having on this market? Assessing investor attitudes for this asset class and identifying the current active players clarifies a long term outlook for this sector.

Moderator:
Bruce Bentley
, President & CEO, Maclab Enterprises

Panel:
David Kent
, President, Nearctic Group Real Estate 
Ron Dezman, Partner, Preferred Realty Capital Inc.
Kevin Screpnechuk, President, Screpco Investments Corp.
Raymond Townsend, Senior Vice President, CB Richard Ellis


3:15 AM
AFTERNOON REFRESHMENTS

3:30 PM
EXECUTIVE ROUNDTABLE DISCUSSION ON EDMONTON: Final Comments

Summarizing the broad range of issues raised during the conference a panel of well respected senior real estate executives will share their insights and perspectives on what they believe are the most critical issues and market trends facing their business plans and the industry in general over the next year. Taking into consideration the economic condition of today and the numerous discussions from the day’s events they will provide the last word on the Edmonton Real Estate market.

Moderator:
Shaun Wuschke
, Vice President, Edmonton, Bentall LP

Panel:
Peter Cohos, Principal, Tonko Realty Advisors Ltd.
Donald Horner, Chairman & CEO, Canadian Urban Limited
George Schluessel, CEO, Procura
Ralph Young, President & CEO, Melcor Developments Ltd.


4:30 PM
CLOSING COMMENTS

4:35 PM
CHAIRMAN’S RECEPTION