Mark Kolke, President of MaxComm Realty Advisors, MaxComm Communications and Plandflex Corporation, has been working in real estate finance, management, leasing, sales and consulting work in Alberta for twenty-eight years. His license to practice real estate in Alberta is sponsored by MaxWell South Star Realty where he is an Associate dealing in commercial, residential and agricultural properties. He moved back to Calgary eleven years ago after twenty- seven years in Edmonton. He advises tenants, buyers, developers and institutional clients on issues involving residential developments, commercial real estate and public private partnerships (P3s).
+ Chevron Corp. secured 205,000 hectare Beaufort Sea site for $103 million exploration play
+ Hunt Oil has put its Canadian assets on the market for sale
+ LougheedBuilding acquired by Allied Properties REIT, $31 million
+ Nordic Oil and Gas Ltd. terminates asset purchase agreement with Western Plains Petroleum on its Lloydminster property
+ Stantec Inc. acquitting Boulder, CO design firm CommArts
+ Stratic Energy Corporation reached agreement for the proposed sale of the Company to EnQuest PLC in an all-share transaction pursuant to a statutory plan of arrangement
+ Talisman Energy and Ecopetrol agreed to Acquire BP Exploration Company (Colombia) Limited for US$ 1.9 billion
+ WestJet Airlines Ltd. postponed delivery of new planes, due to uncertain economy
SAVE THE DATE - upcoming events:
+ August 19, Calgary Enterprise Forum Golf Tournament , Elbow Springs + August 30,2nd Annual Chip In For United Way Golf Tournament, SilverWing Golf Course + Sept. 8 , 2010 Mortgage Loans of Alberta Golf Tournament, Shaw Nee Slopes, Calgary; register, e-mail: greg.stephanson@td.com + Sept. 15, Canadian Apartment Investment Conference,Metro Toronto Convention Centre, North Building register + Oct. 20 – Calgary Real Estate Forum, TELUS Convention Centre, Calgary + Oct. 21 – Calgary Real Estate Leasing Conference, TELUS Convention Centre, Calgary + Oct. 29-30 – Calgary Career Show – info/register e-mail contact: Julie Ball+Nov. 3-4 – 11th Annual BUILDEX Calgary, BMO Centre, Calgary
+ Nov. 22 & 23; P3 2010 SHIFTING INTO HIGH GEAR, Toronto; register
+ Nov. 30 – Dec. 2; Real Estate Forum, Metro Toronto Convention Centre; registration – David Podmore + Andrea Stephen co-chairs
+ Feb. 20, Heritage Classic (Calgary Flames vs. Montreal Canadiens) @ McMahon Stadium
SHAKERS/Movers moving
+ David Finnie to VP Investment Finance @ Ontario Teachers’ Pension Plan
+ Guy Huntingford, Pres. @ WinSport Canada, resigned
+ James Lienert to VP & CFO @ Occidental Petroleum Corp.
+ Mark Tewksbury to chef de mission for Canada @ London Olympic Summer Games
+ Rick Henderson to Chief Estimator @ Devitt & Forand Contractors Inc.
+ Samson Lamb to VP Card Services @ ATB Financial
+ Tony Kalvik to VP Investment Finance @ Ontario Teachers’ Pension Plan
FINANCINGS - proposed & closed
+ Gastem Inc. is on the market to raise $2,405,000 new equity
COMMENTARY + argument
+ the economy – if your crystal ball looks at employment stats – may see Alberta (Calgary in particular) avoid the impact of soft employment numbers in Canada and worse one south to the border – Calgary’s unemployment rate dropped from 6.7 to 6.3% last month while the Canadian rate rose from 7.9 to 8.0% during the same period … and job growth usually has a positive impact on in-migration of job skills, housing and car sales etc … but, national housing sales/re-sale stats have softened up considerably … a confidence issue
+ kudos to Enbridge; in sharp contrast to BP’s behavior in the gulf, Enbridge have stepped up to clear up their Kalamazoo River pipeline break including offering to buy up the homes of residents fearing a drop in property values - waytogo
+ Tiger Woods was lamenting shooting 18 over par …. something I’ve always been very happy with that score
INFRASTRUCTURE / P3 / GREEN / LEED
+ finally, some industrial property relief in Fort McMurray where prices have been ridiculously high for land and for lease space – getting some new product. The government of Alberta is releasing two parcels for sale; 625 acres this fall and a further 600 acres in spring 2011.It will be a while still until this supply produces serviced development sites, but there is light at the end of the tunnel ….
FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher
+ readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: research@maxcomm.ca . We welcome your information – send us information on corporate news, key staff appointments, financings and notices of upcomg industry and charity events.
