+ European banks still shaky – Greek bank merger fails, Cyprus crisis continues amid ‘key data missing’ issues
+ ExxonMobil Corp. and BHP Billiton Ltd. announced plans to construct the world’s larges floating LNG facility for offshore Western Australia – to produce 6-7 million metric tons/yr.
+ H & REIT closed its $3.1 billion takeover of Primaris Retail REIT
+ KEYreit and Plazacorp amended their deal for takeover of KEYreit - $325 million deal
+ Legacy Oil + Gas Inc. acquiring $108.6 million in oil assets; agreed to acquire Villanova Oil Corp. plus a portfolio of Enerplus assets
+ Oxford Properties Group announced it will build another tower in Eau Claire; 25-storey, 600,000 sq. ft., MEG Energy Corp. taking 11 floors
+ Royal Bank of Canada acquired Athena Energy Group
+ Shell Canada Energy selected KBR Canada to build units for its $1.3 billion Quest carbon capture project
+ The Forest Products Association of Canada getting funding to explore market development and taller wood buildings. Minister of Natural Resources, Joe Oliver, announced $19.5 million towards five projects worth a total of $70 million
+ Trican Well Service Ltd. and GeoTomo LLC formed JV – Trican GeoTomo Microseismic Ltd.
+ Tuscany International Drilling Inc. conducting strategic review to enhance shareholder value
INFRASTRUCTURE / P3 / GREEN
+ Renewable Energy Systems Canada Inc. completed 150Megawatt wind project at Halkirk for Capital Power LP
+ Infrastructure Ontario issued an RFQ for a LEED Silver expansion of the Joseph Brant Hospital in Burlington; City of Burlington and hospital foundation are raising money ($60 million each)
+ Alstom secured a $265 million contract to refurbish Darlington nuclear power plant east of Toronto
+ George Brown College in Toronto broke ground on a new facility to develop best practices in sustainable $13.4 million building; will offer a range of services, including business development, intellectual property management, venture creation, as well as product development and testing through the Business Accelerator and Entrepreneurship Centre, Advanced Prototyping Lab, and Building Science Lab
+ Hydro One Inc. acquired Norfolk Power Inc. for $93 million
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ Slate U.S. Opportunity (No.2) Realty Trust acquiring food anchored shopping centre in Huntsville, Alabama for US$ 7.35 million
+ Cadillac Fairview broke ground on construction of DeloitteTower at its $2 billion downtown Montreal re-development project; first new downtown commercial tower in 20 yrs.
+ Nordstrom’s adding to its Canadian expansion – will open at Yorkdale Shopping Centre in Toronto, opening 2014; landlord, Oxford Properties Group, will invest $331 million to add 300,000 sq. ft. to Yorkdale
“Your intellect may be confused, but your emotions will never lie to you.” – Roger Ebert
“The degree of one’s emotions varies inversely with one’s knowledge of the facts.” – Bertrand Russell
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023