+ Winsport’s offered to sell its surplus land to the City for park land/reserve after CalgaryCity Council rejected its redevelopment plan …. no idea what’s next … plan C??
+ Alberta Government agreed to conditional sale of 202 acres of crown land in Fort McMurray to the Rotary Club of Fort McMurray for development of a new residential community and golf course
+ Brookfield Infrastructure LP invested $1.7 billion in 3,200 km. of toll road joint-venture in Brazil; Brookfield and partners have taken a 49% stake
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
+ Enbridge Inc. got approval from U.S. regulators to restart Line 14
+ Euro-zone breakup concerns linger - Spanish, Italian and Greek economies have support of central bankers trying to hold it all together; in short term stock markets appear to be confident, but global credit perspectives shift, investors seek new opportunities and safe havens
+ IBI Group Inc. closed its acquisition of Taylor Young Limited
+ last week’s experience of market-maker Knight Capital’s trading software glitch debacle lost $400 million in minutes continues with Knight barely alive after they scrambled to find white knights to rescue them, whose support cost 73% of the company … stay tuned, this story is far from over
+ PortageCollege, at its Boyle campus, launched Western Canada’s first pipeline safety program and will offer training to oilsands workers
+ Syrian unrest continues to rock the middle east, Prime Minister defects, insurgent fighting continues
NEWS REVIEW August 1 - 6
+ ATCO Group have combined two business units – ATCO Midstream and ATCO Energy Solutions; will operate as ATCO Energy Solutions
+ BHP Billiton took a $2.84 billion write down on U.S. and Canadian natural gas assets due to weak North American prices
+ Canadian Wheat Board monopoly on grain sales ended at midnight July 31
+ Devon Energy Corp. entered $1.4 billion JV with Sumitomo Corp. fro development of shale assets in U.S.
+ Dynetek Industries Ltd. agreed to acquire Luxfer Holdings PLC for $5.03 million
+ Enbridge Energy Partners faced regulatory restart-delays after cleaning up its 1,200 barrel crude oil leak at Grand Marsh, Wisconsin, required to do more tests and submit a safety plan for its Lakehead Pipeline System
+ Frontier Acquisitions Corp. acquired Tuccaro Group et al in $102,356,000 transaction
+ experts believe historic levels of investment return can be achieved ONLY through inflationary solutions in developed countries worldwide – re-flating, in other words, printing more money is the most likely solution to meet voter and politician expectations
+ Genivar Inc. got court approval and completed its takeover of WSP Group PLC
+ Glencore International PLC agreed to sell Medicine Hat nitrogen facilities to CF Industries Holdings Inc. (Agrium) as part of its Viterra takeover plan
+ Informa Exhibitions, Swiss based trade show operator, acquired Real Estate Forums, BUILDEX and MMPI Canada
+ ING has plans to divest itself of ING Direct Canada
+ Inter Pipeline Fund announced it intends to proceed with $2.1 billion capital program for its Cold Lake and Polaris pipeline systems to ship bitumen blend and diluent transportation from 3 oilsands projects (FCCL Partnership)
+ Ivanhoé Cambridge spent $508 million acquired its partner Commerz Real’s 50% interest in 4 shopping centres in Quebec, Nova Scotia and British Columbia
+ Lowe’s Inc. launched a US$1.8 billion hostile takeover bid for Rona
+ Maple Group Acquisition Corporation (Alberta Investment Management Corporation, Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, CIBC World Markets Inc., Desjardins Financial Group, Dundee Capital Markets Inc., Fonds de solidarité des travailleurs du Québec (F.T.Q.), National Bank Financial & Co. Inc., Ontario Teachers' Pension Plan, Scotia Capital Inc., TD Securities Inc. and The Manufacturers Life Insurance Company) announced sufficient shares (91%) have been tendered and all conditions have been satisfied in regard to completing its $3.7 billion takeover of TMX Group Inc.; will rename itself on August 10/12 as TMX Group Limited
+ Sprott Inc. completed its acquisition of Flatiron Capital Management
+ The Real Property Association of Canada (REALpac) and FPL Advisory Group announced results of 3rd qtr. 2012 REALpac Policy Briefing/ FPL Canadian Real Estate Sentiment Survey
+ TransCanada Corporation to develop Northern Courier Pipeline System - $660 million 90-kilometre system to ship bitumen and diluent between Fort Hills mine site and Voyageur Upgrader
QUOTES
“A vacation is having nothing to do and all day to do it in.” – Robert Orben
“A good holiday is one spent among people whose notions of time are vaguer than yours.” – J.B. Priestly
