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Introduction of the Forum Chair:
Jill Sheward, Partner, Brownlee LLP & 2015 President, Edmonton CREW
Cory Wosnack, Principal, Avison Young
The opening presentation will review the economic outlook for Canada and Alberta for the balance of 2015, and first half of 2016. With the recent pull back in the price of oil, there’s a great deal of anxiety around what the next few months and years will hold. Is Alberta moving into a recession? How long could it last? What are the emerging trends for the capital region? Where does the region fit into the national and global economy? What role does the US play? How do Edmonton and Northern Alberta compare to other parts of Canada? The presentation will include a review of oil prices, employment, population and economic growth, GDP, the housing market, and interest rates.
Warren Jestin, Senior Vice-President & Chief Economist, Scotiabank
Hear from one of the country’s foremost experts as they review and examine the current state of the energy market in Canada and its role on the international stage. How is Alberta faring after a challenging few months? What precipitated the drop in oil prices? What can be expected in the next year? How can the province better prepare for these cycles? What is the impact on the rest of Canada? Is it all bad news, or is this a type of ‘correction’?
Andrew Leach, Associate Professor, University of Alberta
Just over 6 months ago, Alberta was the fastest growing economy in the country but now the decline in the price of oil and the cheaper dollar means it will slip to #3 and potentially into a recession. But is this really the bad news that some believe? Is there investment opportunity for developers and investors? What are those opportunities and how can Alberta turn this into a good news story? Is this an opportunity to address ballooning construction costs, increasing labour shortages and out of whack salaries? What lessons can be learned from the last correction in the ’80’s and again in 2008?
Greg Guatto, President & CEO, Aspen Properties
Phil Milroy, President & CEO, Westcorp
Ron Mosher, Senior Vice President, Camgill Enterprises Ltd.
Alex Thomson, Director of Commercial Investments, Canada ICI
Dave Young, Executive Vice President & Managing Director, CBRE Limited
What are the implications of the three large developments? What initiatives will reduce specific building owners and managers risk of backfill induced vacancy? What building and manager attributes are the keys that will enable existing and retrofitted buildings to successfully compete with the new generation of office buildings and the rest of the existing inventory? Will everyone feel the same impact or can there be both big winners and big losers? What predictions do the panelists have for the evolution of the market during the next 5 to 10 years?
Sandy McNair, President, Altus InSite
Rob Blackwell, Vice President, Leasing & Acquisitions, Aspen Properties
Chad Boddez, Senior Vice President, Office Leasing & Sales, JLL
Kevin Humphrys, Director, Leasing, Dream Office Management Corp.
Kathleen McCabe, Director, Global Corporate Real Estate, Stantec
Dean Wulf, Vice President Leasing, Pangman Development Corporation
Following an explosion of REIT IPO’s, Canadian REIT growth has generally slowed. This panel will discuss and examine the state of the current REIT market in Western Canada. What lessons have the panelists learned? How do they see REITs working with developers? Are they doing it themselves? Do they continue to be a good option for investment? Where are the best opportunities? Which land use categories are best bets?
Michael Brooks, CEO, REALPac
Scott Antoniak, CEO, Slate Office REIT
Lorne Burns, Partner, Audit, National Industry Leader, Real Estate, KPMG LLP
Onorio Lucchese, Managing Director, Investment & Corporate Banking, BMO Capital Markets
Darin Rayburn, CEO, Melcor REIT
With the development explosion around the arena project there’s renewed interest in the downtown core residential market. Is downtown ready to play host to residents? What amenities do residents expect – not to mention those commuting? How does the new generation of urbanites live, work, play and educate? Who are the buyers and how much has this changed in the last 5 years? Where do these buyers come from and what do they look like?
Brad J. Lamb
Bradley Gingerich, Senior Vice President, CBRE Limited
Raj Dhunna, COO, Regency Developments
Emmett Hartfield, Owner and Partner, Intelligence House
Brad J. Lamb, President & CEO, Lamb Development Corp.
Michael Smith, Senior Vice President, Multi Family, WAM Development Group
Within the Edmonton market there will be an unprecedented amount of development taking place over the next few years which will tax construction resources and trades availability resulting in higher project delivery costs. Will standard construction delivery methods serve developers well or is a new framework required? Can cost overruns, schedule delays, scope creep, and that old familiar adversarial experience between Owner, Architect, Consultants, and Contractor (and their subs) be avoided? Is the industry up to the challenge of a paradigm shift that may fix what is broken in the construction industry? What is IPD? How does it differ from standard construction delivery using CCDC contracts? Who benefits? What’s in it from each stakeholder’s perspective? Does it really work? What would they do differently next time? Do lenders feel comfortable when a standard CCDC contract is not used? What about liability issues? What are the obstacles for adoption of IPD? Will and how the industry work together to remove them?
Thomas Redl, President, Chandos Construction Ltd.
Jason Collins, President, Collins Steel
Dennis Cuku, President, Mosaic Family of Companies
Matt Knight, Managing Director Productivity and Growth Services, GO Productivity
Craig Webber, Architect, Group2 Architecture Interior Design
What’s really happening in the capital region industrial market? Is the city adequately controlling growth and development? What role do the counties play? Who is controlling growth outside the city limits? What’s happening in the market today and what do the next 24 months look like? Hear from seasoned members of the region’s industrial market as they discuss the recent land use requirements, the impending Municipal Government Act as well as examine key market dynamics.
Matt Woolsey, President, York Realty
John Croft, President, Camrock Capital Partners
Andy Horvath, Partner, Cushman & Wakefield
Kelly Pawlik, Vice President, Leasing – Edmonton, WAM Development Group
Grant Ranslam, Principal, Avison Young
Bryan Lutes, President, Wood Buffalo Housing & Development Corporation
Brad Hoffman, Vice President, Panattoni Development Company
Adil Kodian, Vice President, Rohit Communities
Jeff Penney, Director, Economic Development, Regional Municipality of Wood Buffalo
Ken Williamson, Senior Vice President, National Investment Services | Brokerage, Colliers International
Edmonton is in the midst of a metamorphosis. It is Canada’s fastest growing city and also one of its youngest. Twenty-four construction cranes dot the downtown skyline, with six more soon to rise. In a few short years, a completed ring road and developed LRT network will change the way the city moves. Edmonton could jump from good to great—if it makes the right design choices. Simon O’Byrne will tell the story of how we got here, where we’re going, and why it matters.
Simon O’Byrne, Vice President, Planning Community Development, Stantec
How does the market view Alberta? Is capital expected to retract in the coming months? What risks are emerging? Will lenders be more or less aggressive in the coming months? What impact is the federal government having on capital? How challenging is asset valuation today? What information is required from a valuation by management, purchasers, vendors, shareholders, lenders, and the capital markets? What do changing BOC interest rates mean?
Brent Magnan, Vice President Origination, Toronto, Canada ICI
Paul Chin, Vice President, Real Estate Lending, Loan Syndications and Capital Markets, Otéra Capital
Graham Collings, Senior Vice President – Investments, ACM Advisors
Tim Gillespie, Vice President, ATB Corporate Financial Services
Matthew Giuffre, Vice President, York Realty
Salima A. Kheraj
Bill Blais, Vice President, Land Development, Maclab Enterprises
Gerald Gabinet, Director of Economic Development & Tourism, Strathcona County
Salima A. Kheraj, Senior Project Manager, Beaverbrook Communities
Neal Sarnecki, Manager Regional Projects, Capital Region Board
Ray Watkins, Principal, G3 Development Services Inc.
Eric Slatter, Vice President, Retail, Colliers International
Kendal Harazny, Principal, Wexford Developments LP
Brett Killips, Partner, Cushman & Wakefield
Chris Mitchell, National Real Estate Manager, 7-Eleven
Ashley Roberts, Senior Manager, Retail Leasing, Oxford Properties
Over the last couple of years, Edmonton is making a play as Canada’s comeback kid. With renewed enthusiasm and energy being placed into the downtown core the rest of Canada is starting to take notice meaning more dollars being invested in the capital region. Hear from a panel of some of the city’s movers and shakers as they discuss and debate what changes they would like to see and how the Edmonton of 10 years ago has grown up. What sources of capital are interested in the Greater Edmonton region and Alberta? Which developers are making moves in the region? What asset classes are getting the most attention? Is this good news or does it present some challenges? Despite recent economic developments, what makes Edmonton so attractive?
Bruce Bentley, President & CEO, Maclab Enterprises
Paul Douglas, President & CEO, PCL Construction
Brad Ferguson, President & CEO, Edmonton Economic Development Corporation
Keith Shillington, Senior Vice President, Canada Prairies, Stantec
Cory Wosnack, Principal, Avison Young