2018 Program

7:00 AM
REGISTRATION & CONTINENTAL BREAKFAST

Registration Sponsored By

Continental Breakfast Sponsored By


8:00 AM
OPENING REMARKS: PROGRAM OVERVIEW

Alison McGavigan

Introduction of the Forum Chair:
Alison McGavigan, 2018 CREW President

Kevin McKee

Forum Chair:
Kevin McKee, CEO, Pangman Development Corp.


8:10 AM
WHERE ARE THE KEY ECONOMIC FUNDAMENTALS FOR CANADA & ALBERTA HEADING?

Although Alberta’s economy has seemed slow to recover over the past few years, the good news is that growth appears on the horizon. In late 2017, the national unemployment rate declined to 5.9% and the GDP forecast was a G7 leading 3%. What are the implications of these trends for the strength and direction of Canadian economy going forward? How is Alberta expected to perform for the remainder of 2018 and into 2019? Have oil prices hit bottom and are on the way to recovery?  

Derek Holt

Speaker:
Derek Holt, Vice President & Head of Capital Markets Economics, Scotiabank 


8:45 AM
A REBOUND IN ECONOMIC GROWTH: A LOOK AT EDMONTON AND THE SURROUNDING REGION

In recent months, Edmonton has been one of the stronger performing local economies in the country. With a young and growing population, and continued investment in infrastructure projects, Edmonton is thriving better than anticipated. Looking past oil and gas, what engines of the city’s economy contributing to these results? What is the future outlook for Edmonton? How does it compare with other major cities across Canada?

John Rose

Speaker:
John Rose, Chief Economist, City of Edmonton 


9:15 AM
THE EDMONTON STORY: HOW CAN THIS CITY REVITALIZE AND DIVERSIFY?

As Edmonton enters its fourth year of a challenging environment, there is one word that has become increasingly popular: diversification. While servicing the oil fields and being the seat of provincial government are staple parts of the City’s economy, what opportunities are emerging in Edmonton in the fields of healthcare, agriculture, technology and education? This panel will examine the continued diversification of Edmonton’s economy and what the impacts are for employment, growth and real estate demand. 

Jimmy Shewchuk

Bill Blais

Jeff Gaulin

Reg Joseph

Jill Matthew

Moderator:
Jimmy Shewchuk, Business Development Manager, Edmonton Economic Development Corp.

Panel:
Bill Blais, President & CEO, Maclab Development Group
Jeff Gaulin, VP, Communications, Canadian Association of Petroleum Producers
Reg Joseph, CEO, Edmonton Health City
Jill Matthew, Vice President, College Services & Chief Financial Officer, NorQuest College


10:10 AM
MORNING REFRESHMENTS

10:40 AM
CONCURRENT SESSIONS (Select A1, A2 or A3)
SESSION A1:
THE CAPITAL ROUNDTABLE: INSIGHTS AND PERSPECTIVES FROM KEY PLAYERS IN THE REAL ESTATE CAPITAL STACK 

A cross-section of commercial real estate capital providers will provide an update on the availability, cost, underwriting criteria for debt/equity capital in Edmonton in 2018. How is risk being priced? What are return expectations in this market? What do borrowers need to understand about lending practices in this market? Are there certain deal structures property classes that investors are avoiding, or reducing their exposure to?

Mark Swaenepoel

Paul Chin

John Courtliff

Chris Hudson

Brandon Kot

Moderator:
Mark Swaenepoel, Vice President, Capital Markets Canada, Colliers International

Panel:
Paul Chin, Executive Vice President & Chief Investment Officer, Otera Capital
John Courtliff, Managing Director, ICM Asset Management Inc.
Chris Hudson, Vice President, Real Estate Finance – Western Canada, Harbour Mortgage Corp.
Brandon Kot, Managing Partner, Canada ICI


SESSION A2:
OPPORTUNITIES AND KEY DYNAMICS IN EDMONTON’S INDUSTRIAL MARKET

After years of an uncertain economic climate, there appears to be light at the end of the tunnel for Alberta. Planning for the next wave of industrial developments has already begun with projects such as Remington Developments Discovery Business Park coming into the market within the next year. What is the range of vacancy rates across Edmonton’s industrial submarkets? What does this mean for lease rates? What effect are construction costs having on the industrial market? How is the ring road impacting distribution, warehousing and logistics? What does this new wave of development mean for older product already in market?

Andy Horvath

Catherine Bergamo

Ken Mamczasz

Kelly Pawlik

Matt Woolsey

Moderator:
Andy Horvath, Partner, Cushman & Wakefield Edmonton

Panel:
Catherine Bergamo, Senior Manager, Leasing and Operations, Edmonton Industrial, Oxford Properties Group
Ken Mamczasz, Director, Economic Investment & Development, City of Edmonton
Kelly Pawlik, Vice President, Leasing, ONE Properties
Matt Woolsey, President, York Realty


SESSION A3:
UNDERSTANDING THE EDMONTON RETAIL MARKET: FROM BUOYANT AND GROWTH TO CHALLENGES AND TRANSFORMATION

No other real estate property class has attracted as much ongoing attention and range of opinions as retail. With the impending legalization of marijuana, the growth of online shopping, and the future impacts of autonomous vehicles, there are a range of factors that are disrupting or transforming the market. In the face of all these trends, retail in Edmonton has continued perform well. Why? What makes this market so appealing? Which of the disrupters are affecting Edmonton? How are landlords and retailers adapting to the changing market conditions with incubation, omni-channel strategies and pop-ups like those in the West Edmonton Mall? Are external factors such as minimum wage and property taxes impacting retailers?

Brett Killips

Don Goyan

Robert Mulvale

Jeff Sheckter

Dallas Wingerak

Moderator:
Brett Killips, Partner, Retail, Cushman & Wakefield

Panel:
Don Goyan, Vice President, Legal & Development, Chatters Limited Partnership
Robert Mulvale, Vice President, Retail Leasing, ONE Properties
Jeff Sheckter, Executive Vice President, Triple Five Group of Companies
Dallas Wingerak, Vice President, Real Estate & Operations, Western Canada, Choice Properties REIT


11:40 AM
CONCURRENT SESSIONS (Select B1, B2 or B3)
SESSION B1:
ASSESSING ASSETS IN EDMONTON: HOW REGIONAL AND NATIONAL INVESTORS APPROACH A DEAL

This session will assess investment interest and activity within the office, retail, industrial, and multi-residential markets. The panel will begin by briefly examining benchmark transactions in Edmonton over the past twelve months. Discussion will then focus on each asset class and determine which ones have the strongest investor interest. Where are cap rates trending? How will investor decisions be affected by the cost of capital ranging from private equity funds to REITs to institutional buyers? What is their overall perspective on investment real estate market fundamentals for 2019 and beyond for the Edmonton market?

Ryan Zacharuk

Rod Gatenby

Randy Hoffman

William Secnik

Martin Tovey

Moderator:
Ryan Zacharuk, General Manager & Senior Director, Altus Group

Panel:
Rod Gatenby, Senior Vice President, Investment Management, Bentall Kennedy (Canada)
Randy Hoffman, Vice President, Investments, Oxford Properties
William Secnik, Senior Vice President, Investment, Fiera Properties Limited
Martin Tovey, Vice President, Investments, Minto Capital


SESSION B2:
WHERE IS THE EDMONTON OFFICE MARKET HEADING? FROM ADAPTIVE RE-USE TO AMENITIES TO DESIGN

The Conference Board of Canada predicts Edmonton will add up to 17,600 office jobs by 2021. What are the major drivers of this growth? Given the impact of new office developments in the downtown core, how much more leverage do tenants have? What options can they consider? What can landlords with older existing assets do to reposition their properties to remain competitive? How are start-ups and companies such as WeWork using their space and changing the office landscape? What type of amenities do landlords need to consider? How do these trends vary from downtown to suburban markets? What will happen to Edmonton’s office market over the next two to three years? How much absorption has there been in the Edmonton market, and what can be expected in 2018 and beyond?

Chad Boddez

Kathleen McCabe

Chris Nasim

Dean Wulf

Mike Saunders

Moderator:
Chad Boddez, Senior Vice President, Office Leasing & Sales, JLL

Panel:
Kathleen McCabe, Vice President, Global Real Estate, Stantec
Chris Nasim, Vice President, Asset Management, GWL Realty Advisors
Dean Wulf, Vice President, Acquisitions & Leasing, Pangman Development Corporation
Mike Saunders, Vice President, Development, Qualico Commercial


SESSION B3:
INFRASTRUCTURE DEVELOPMENT: A LOOK AT SOME OF EDMONTON’S MAJOR PROJECTS AND THEIR IMPACT ON THE MARKET

The City of Edmonton is changing at a rapid pace with new developments and infrastructure projects taking place in almost every quadrant of the municipality. This session will examine the range of infrastructure development activity beginning with the Valley LRT presently under construction. How is it contributing to Transit-Oriented Development? What are the fundamentals that have contributed to and what can be expected of the Blatchford Redevelopment? What does the future hold for the Northlands? What other infrastructure projects lie ahead that could have major impacts on real estate development in this market?

Bob Walker

Jonas Locke

Hilary Lumme

Jason Meliefste

Keith Shillington

Olympia Trencevski

Moderator:
Bob Walker, CEO, Tangent Project Management Ltd.

Panel:
Jonas Locke, Vice President, Western Canada, Altus Group
Hilary Lumme, Vice President, Property Management, Operations & Leasing, Katz Group Real Estate
Jason Meliefste, Branch Manager, Infrastructure Planning & Design, City of Edmonton
Keith Shillington, Senior Vice President, Canada Prairies & Territories, Stantec
Olympia Trencevski, General Manager, Edmonton Downtown Portfolio, Oxford Properties Group


12:35 PM
RECEPTION AND LUNCHEON

Pre-Luncheon Reception Sponsored By

Luncheon Sponsored By


1:30 PM
LUNCHEON KEYNOTE
A PRESENTATION FROM THE HONOURABLE JASON KENNEY

Jason Kenney

Speaker:
Hon. Jason Kenney, Leader of Alberta’s Official Opposition


2:20 PM
CONCURRENT SESSIONS (Select C1, C2 or C3)
SESSION C1:
THE CHANGING FACE OF DOWNTOWN EDMONTON: TRANSFORMATION, REVITALIZATION AND REDEVELOPMENT

The revitalization of Edmonton began a few years back with the very significant development activity in the downtown core. As you walk along 101 St between 104 Ave and Jasper Ave, it is apparent that this transformation is well-underway. Edmonton’s downtown now includes the Ice District, Rogers Place, a new Hyatt Place Hotel, and the expansion of NorQuest College’s Singhmar Centre. What have been the implications of these projects on the various real estate asset classes and in leading to other development activity? What are the underlying fundamentals supporting these projects? What will the ultimate vision be for downtown Edmonton once all the major projects have been completed?

Cory Wosnack

Simon O'Byrne

Ian O'Donnell

Glen Scott

Eric Slatter

Moderator:
Cory Wosnack, Principal & Managing Director, Avison Young

Speaker:
Simon O’Byrne, Vice President, Regional Business Leader, Community Development, Stantec
Ian O’Donnell, Executive Director, Downtown Business Association of Edmonton
Glen Scott, President, Katz Group Real Estate
Eric Slatter, Partner, Omada Commercial


SESSION C2:
AN UPDATE ON MAJOR ELEMENTS OF THE MULTI-RESIDENTIAL MARKET:  CONDOMINIUMS, RENTAL APARTMENTS, STUDENT AND SENIORS HOUSING

With Alberta’s economy improving with population and employment growth, do investors in Edmonton’s apartment sector have reason to be more optimistic? Some projects such as Mayfair, The Hendrix, and Carrington are making their way into the market, and are already seeing strong demand. What can be expected of purpose-built apartment construction? How is the next generation of potential homeowners answering the question of owning vs. renting? What opportunities exist in student housing and seniors housing? What is the forecast for rental demand given the region’s demographic predictions for the next five to ten years?

Paul Chaput

Chris Dulaba

Henry Edgar

Jonathan Milroy

Brent Weimer

Moderator:
Paul Chaput, Senior Vice President, CBRE Limited

Panel:
Chris Dulaba, Placemaker, Beljan Developments
Henry Edgar, Partner, Edgar Developments
Jonathan Milroy, Broker, Asset Manager, Westcorp
Brent Weimer, Principal, Market Analysis, Canada Mortgage and Housing Corporation


SESSION C3:
THE IMPLICATIONS OF THE LEGALIZATION OF CANNABIS FOR PROPERTY OWNERS IN EDMONTON

The impending legalization of recreational marijuana has raised many questions and concerns for landlords, especially in the multi-residential sector. Edmonton is also witnessing the real estate impacts of major producers on the market - from Aurora Cannabis with an 800,000 sq ft. facility near the airport to Canopy Growth’s 160,000 sq ft. deal in south Edmonton and Freedom Cannabis’ retrofitted 110,000 sq ft. facility in Acheson. What is the forecasted demand for space in the market from these and other producers? How will the legalization impact the city, its zoning and regulations for use in public places? Will new building requirements be implemented to assist with ventilation? What is the impact on the condo and rental markets? Would landlords rather lease space to a traditional user over a cannabis operation?

Ryan Zabloski

Troy Dezwart

Geoff Herdman

Rohit Gupta

Mitchell Osak

Dan Rowland

Moderator:
Ryan Zabloski, Principal, Avison Young

Speaker:
Troy Dezwart, COO & Co-Founder, Freedom Cannabis
Geoff Herdman, Director, Real Estate Development, Edmonton International Airport
Rohit Gupta, President, Rohit Group of Companies
Mitchell Osak, Managing Director, Strategic Advisory, Grant Thornton
Dan Rowland, Principal Consultant, 420 Advisory Management


3:15 PM
AFTERNOON REFRESHMENTS

3:30 PM
CLOSING ROUNDTABLE
ASSESSING THE RISKS, CHALLENGES AND OPPORTUNITIES IN THE EDMONTON MARKET: PREDICTIONS FROM THE C-SUITE

A group of well-respected senior real estate executives will share their perspectives and insights on what they believe are the most critical issues and market trends facing their strategies and the industry in general over the next 12 months and beyond. What are the major risk and challenges in the Edmonton market? How are these issues impacting their decision-making? What opportunities are still available for investors, developers and owners?

Kevin McKee

Rob Kumer

Nolan Montgomery

Blair Welch

Dave Young

Moderator:
Kevin McKee, CEO, Pangman Development Corporation

Panel:
Rob Kumer, Chief Investment Officer, KingSett Capital
Nolan Montgomery, President, Camgill Development Corporation
Blair Welch, Founding Partner, Slate Asset Management
Dave Young, Executive Vice President & Managing Director, CBRE Limited


4:25 PM
CLOSING COMMENTS

4:30 PM
CHAIR’S RECEPTION