+ seven cities still in the race; Graz, Austria; Cortina/d’Amprezzo/Milan/Turin, Italy; Sappora, Japan; Stockholm, Sweden; Sion, Switzerland; Erzurum, Turkey … and Calgary!
+ Notley government’s insistence on a plebiscite, which is their condition attached to initial funding, does not carry with it a commitment to participate in games funding; Mayor Nenshi has added fuel to fire insisting the province pay for the plebiscite
+ city officials are saying, $4.6 billion to put on the games
+ other participating communities (like Canmore) are being kept in the dark; so far the entire process has been a PR failure, such that fears about the whole process are justifiable …
+ COSIA’s Carbon XPRIZE has been narrowed to 10 contest firms in its third round; global completion has $20.0 million in prize money available … tic toc
+ Siemens Gamesa Renewable Energy commissioned; 100MW North Kent wind farm in SW Ontario; ownership is Chatham-Kent, 15%, Wapole Island First Nation 15%; balance is a JV between Pattern Development and Samsung Renewable Energy Inc.
+ Avison Young acquired Alcor Commercial Realty Inc.
+ Birchcliff Energy Ltd. and AltaGas Ltd. entered into a long-term processing arrangement for the Gordondale Facility
+ current energy prices – live link to current Bloomberg energy prices; crude prices coming back from last week’s retreat due to Texas production clogging pipelines and pushing prices down; meanwhile global markets shudder at early steps in a U.S. v. China trade war …
+ KPMG LLP agreed to acquire Adoxio Business Solutions
+ KPMG LLP acquired Egyde
+ Noralta Lodge Ltd. (7,900 rooms/11 sites) acquired by Civeo Corp. for $367.0 million
+ Olds College have launched a 2-year diploma program for: Land Agent – info/apply
+ Quorum Softweare acquired Entero Corporation; terms not disclosed
+ TransMountain pipeline expansion wrangling continues; Kinder Morgan announced they are stopping all but necessary spending on the project, the Trudeau government continues to use words rather than enforcement mechanics, Premier Notley rightly is using a loud Alberta voice, warning of provincial ‘economic pressure’ action against B.C. and indication that the Alberta government will invest in the pipeline, possibly the federal government too; Kinder Morgan imposed a deadline of May 31st to get project conditions out of the way … tic toc
+ Sage Energy Corporation and NGC Compression Solutions agreed to combine; will operate as NEXT Compression Corp.
+ Saturn Oil & Gas Inc. closed $2.75 million debt financing
+ Yangarra Resources Ltd. secured $150.0 million credit facility
this week in REITS
+ Agellan Commercial REIT agreed to acquire seven light industrial buildings in Dallas, TX; 194,000 sq. ft., for US$12.2 million
+ Choice Properties REIT announced plans for its mixed-use community at 2280 Dundas St. W, Toronto
+ Crestpoint REIT acquired a 12-building (industrial portfolio in Burnaby and Vancouver), ABB’s research and design centre in Montreal, 50-% interest in two development projects (Toronto and Montreal) for $500.0 millino
+ Electra American made an all cash offer to acquire Pure Multi-Family REIT; the REIT has, so far, resisted claiming the bid is too low … tic toc
+ Granite REIT acquired two U.S. properties (Greencastle & Bethel, PA); 1.0 million sq. ft., US$74.1 million
+ Pure Multi-Family REIT LP received an unsolicited takeover bid from Electra America … tic toc
+ R&R REIT agreed to sell three hotel properties US$10.2 million to The Siegel Group Nevada Inc.
+ Trudeau government’s ‘Investing in Canada’ program is providing Alberta with $3.3 billion over the next decade for infrastructure projects; details/process
CONSTRUCTION NEWS + INNOVATION
+ George Brown College selected architects for it’s the Arbour project, a tall wood campus building on Toronto’s waterfront; Moriyama & Teshima Architects + Acton Ostry Architects got the job to design it. The Arbour will host Canada's first Tall Wood Research Institute, allowing students and researchers to generate innovative ideas and research in low-carbon, mass timber construction. It will also become home to the college's School of Computer Technology, and a new child care facility.
+ Starlight Investments closed its acquisition of four-bldg. hi-rise multi-res properties (456 units) in Vancouver
+ Tricon Capital Gorup Inc. agreed to sell its portfolio of 14 manufactured housing communities (Tricon Lifestyle Communities) to an institutional investor; terms and purchaser not disclosed
INTERESTING THINGS IN RETAIL
+ MTY Food Group Inc. completed its acquisition of Timothy’s World Coffee and Mmmuffins
+ Nine West Holdings Inc. filed for bankruptcy protection; restructuring will involve sale Nine West and Bandolino business units and to facilitate expansion …
INTERESTING THINGS IN OFFICE
+ Slate Acquistions, in it’s portfolio deal with Cominar REIT, acquired an 18-story office building at 55 University Avenue in Toronto – and then flipped it to I.G Investment Management Ltd. (part of Investors Group) for $195.1 million
+ Apr. 10; Bank of Nova Scotia, Annual Meeting of Shareholders, Toronto
+ Apr. 12; Cargojet Inc., Annual General and Special Meeting of Shareholders, Toronto
+ Apr. 18; Calgary Real Estate Board, Annual General Meeting, CREB Headquarters, Calgary
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