Mark Kolke visits with interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future - and shares what caught his attention.
+ Harper government announced new cabinet – Calgary’s Michelle Rempel appointed Minster of State responsible for Western Economic Diversification
+ Loblaw Cos. Ltd. announced plan to acquire Shoppers Drug Mart Corp. for $12.4 billion; no store closures planned, cross-marketing and branding exchanges - lots of synergy for both firms, most importantly a way for Loblaws to set the stage for expansion in the west with grocery/drug combo operations and inheriting a coast-to-coast army of pharmacists in the bargain
+ Pengrowth Energy Corp. got provincial approval for its $590 million thermal (steam injection) oilsands project at Lindbergh near ColdLake
NEWS REVIEW July 8 - 15
+ Air Canada announced it will start scheduled flights (operating as Air Canada Express) to Red Deer starting Sept. 3
+ Alberta Government – still assessing southern Alberta flood damage – have announced they will ban future development on floodways (any area prone to 1-in-100-year floods, though details and criteria are still sketchy – but likely to have significant impact on rebuilding in Sunnyside, Hillhurst, Bowness and Elbow Park/Rideau in Calgary, and large portions of High River
+ Antrim Energy Inc. closed the sale of its Tanzania option for US$7.5 million
+ Bank of Nova Scotia pulled out of its deal to invest $719 million to acquire 20% of a Chinese bank (Bank of Guangzhou)
+ Calgary Courts Centre gardens/urban park which sits as the parking structure roof, was officially named “HarleyHotchkissGardens’ in honour of the late businessman/philanthropist
+ Calgary Stampede was a roaring success – 101st version made possible by gritty Calgarians, digging in, doing what it takes to keep the greatest outdoor show on earth thriving and surviving
+ CDA International Corporation closed its acquisition of Fort McMurray based Quality Group of Companies
+ Conference Board of Canada published its U.S. Outlook – Summer 2013; says economy will pick up the pace in 2014
+ Crew Energy Inc. closed its 3rd tranche of Montney acreage acquisition from Terry Energy Corp. for $35.2 millioin
+ Deloitte agreed to acquire Quattro Integration Group
+ Enbridge Inc. restarted Line 37 – Athabasca Pipeline to full service between Fort McMurray and Cheecham
+ FastCabs to launch its own 50-car fleet this fall in Calgary, following on success of its FASTCab APP
+ flood damage sorting out continues – political clarity from Premier Redford and murky-talk from insurance companies are leaving many in what is expected to be a protracted process of claims, settlements and rebuilding. The Province of Alberta is, it appears, offering greater levels of compensation to those who take steps to ‘implement mitigation measures’ without really defining what those are . . . tic toc
+ Galvanic Applied Sciences Inc. board recommending acceptance of takeover bid; mailed circular to shareholders
+ Laracina Energy Ltd. got regulatory approval for its $520 million Saleski Phase 1 SAGD oilsands project; expected to produce 12,500 barrels/day by late 2015
+ Mexican government considering and end to Petroleos Mexicanos (PEMEX) monopoly, working on a law to allow foreign investment to stimulate economy
+ Newmount Mining Corp. agreed to sell their 6.5% interest in Canadian Oil Sands for $608 million to a syndicate of bankers who will resell the stake
+ NYSE-Euronext have taken over operation of LIBOR to restore its integrity in the wake of British banks rate-fixing scandal
+ Shell’s Jackpine oilsands expansion plans, in limbo since 2007, got the green light from Alberta’s Energy Regulator, subject to conditions; next step is Federal Government approval
+ Calgary Board of Education still assessing flood damage to ElbowParksSchool; may be out of service for up to two years; alternative plans in the works
+ Government of Alberta has ordered 75 modular classrooms ($150,000/each) to provide temporary capacity for flood damaged schools in southern Alberta
+ Calgary Zoo managers have decided they won’t be repairing the South America building, too badly damaged by last month’s flood
+ each year The Calgary Foundation takes our temperature; surveying how we view quality of life in Calgary. Please take a few minutes to respond – click here. Survey response date extended to closes July 30, report will be published October 1.
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+ ErinMillsTown Centre in Mississauga is going ahead with a $100 million renovation
+ PRO Real Estate Investment Trust (PROREIT) agreed to acquire $155.6 million in central and eastern Canadian assets (24 properties); on the market to raise funds via IPO
+ Summit Industrial Income REIT agreed to acquire $37.4 million portfolio of light industrial properties in Ontario and Quebec (3 properties, 446,379 sq. ft.), going in Cap Rate 6.9%
+ Milestone Apartments REIT agreed to acquire 358 unit multi-family project in Denver; US$40.5 million
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
