+ Aug. 17; 16th Annual Special Olympics Calgary Golf Classic, Country Hills GC .. details later
INTERESTING REAL ESTATE NEWS, other places
+ American Hotel Income Properties REIT LP agreed to acquire three Marriott-flagged hotels in Florida; US$30.8 million for 352 rooms …
+ Sabra Health Care REIT agreed to acquire a nine-property seniors housing portfolio (302 units in BC, 563 units in Ontario) for $137.1 million from Leo Brown Group
+ Timbercreek U.S. Multi-Residential Opportunity Fund #1 closed the sale of Saratoga Ridge in Austin, Texas for US$ 22.1 million
FACILITYCalgary current week data
this site is refreshed with a new issue every Tuesday morning
updated ... June 16, 2015
TODAY'S HEADLINES
Alberta Throne Speech | CPPIB buys GE unit | Kelt increases CapEx! | Sun Life Financial buying Bentall Kennedy | + John Bobenic interview | upcoming events & corp. meetings + climate changes news + REIT news + financings + executive and board appointments >>>>
+ to Camille Dow Baker, named a recipient of the Canadian Medical Association Medal of Honour for her work (she was co-founder and long term Pres. & CEO) with CAWST’s “Made In Canada” solution on access to safe drinking water and sanitation (previous Calgarians who’ve won this award: Peter Lougheed, Juliet Guichon
+ Wastech Services opened its Landfill Gas Utilization Plant at Cache Creek, BC; will generate 4.8 megawatts under a 20-year contract to supply power to BC Hydro
QUOTES
+ Americans like to make money; Canadians like to audit it. I know of no other country where accountants have a higher social and moral status. – Northrup Frye
+ How would your life be different if … you stopped worrying about things you can’t control and started focusing on the things you can? – Steve Maraboli
+ GAP, the clothing retailer, announced it will close 175 stores in North America this year and close stores in Europe as well due to softened sales
+ General Electric agreed to sell its private equity/leveraged buyouts division (Antares Capital) to Canada Pension Plan Investment Board for US$12 billion
+ Global Petroleum Show – 2015; more than 50,000 attendees exhibited wares, heard predictions, attended job fairs and networked …
+ Granite REIT is exploring strategic alternatives, asset sales etc. to enhance unitholder value; advisors engaged …
+ Greek econonmy continues to send shivers through European markets, IMF negotiators have withdrawn from talks; Greece expected to leave the Euro-zone as default on major debt repayments due June 30th are likely … tic toc ..
+ Hess Corp. agreed to sell 50% of its North Dakota Bakken processing and pipeline unit to Global Infrastructure Partners for US$2.675 billion
+ Hudson’s Bay Company agreed to acquire German departments store chain Galeria Kahfhof for US$3 billion
+ Inter Pipeline closed its $131 million acquisition of storage facilities in Sweden from Koninklikje Vopak NV
+ Kelt Exploration Ltd. increased its 2015 CapEx Budget to $497 million, an increase of $40 million over early announcements
+ Manitok Energy Inc. closed its $61.5 million Wayne area assets acquisition
+ OMERS agreed to acquired Environmental Resources Management for US$1.7 billion from Chartherhouse Capital Partners
+ Petroamerica Oil Corp. agreed to acquired PetroNova Inc.
+ Primeline Energy Holdings Inc. agreed to merge with Loyz Energy Limited; will operate as Loyz
+ Speech from the Throne opened the Alberta Legislature on June 15, 2015; announced legislation coming on political donations reform, increasing corporate taxes and personal income taxes – while Premier Notley’s direction on issues like resource royalty review, carbon tax and other campaign hot-button issues are waiting for the fall … tic toc ..
+ Sun Life Financial agreed to acquire Bentall Kennedy Group for $560 million
+ Surge Energy Inc. closed $430 million SE Saskatchewan & Manitoba asset sale to TORC Oil & Gas Ltd.
+ Tamarack Valley Energy Ltd. closed $43.3 million Wilson Creek asset acquisition
+ TransCanada Corporation got National Energy Board approval to proceeed with its $500 million King’s North Connection project to expand its Eastern Triangle/Canadian Mainline system
+ Traverse Energy Ltd. closed $9 million sale of royalty interests in the Brazeau are
+ Trinidad Drilling Ltd. agreed to acquire/merge with CanElson Drilling Inc.
FINANCINGS - proposed & closed
+ Bayshore Petroleum Corp. is on the market to raise $1.2 million by a common share & warrants issue
+ Canadian Overseas Petroleum Limited cis on the market to raise $4 million by a common share & warrants issue
+ CT REIT is on the market to raise $350 million in sr. unsecured debt
+ Husky Energy Inc. is on the market to raise $150 million by a preferred share issue
+ Kelt Exploration Ltd. is on the market to raise $75.2 million in equity
+ Marsa Energy Inc. closed $1,798,750 tranche of its equity financing
+ Pembina Pipeline Corporation is on the market to raise $600 million in sr. unsecured debt
+ PHX Energy Services Corp. is on the market to raise $30.5 million in equity
+ PrairieSky Royalty Ltd. is on the market to raise $180 million in equity
+ PRO REIT closed $17.5 million equity financing
+ Slate Office REIT closed $80 million equity financing
+ Storm Resources Ltd. closed $36.4 million equity financing
+ Tamarack Valley Energy Ltd. closed $9,750,699 overallotment of its recent equity financing
+ TeraGo Inc. closed $10 million equity financing
+ TORC Oil & Gas Ltd. closed $433 million in equity financings
this week in REITS
+ American Hotel Income Properties REIT LP agreed to acquire three Marriott-flagged hotels in Florida; US$30.8 million for 352 rooms …
+ CT REIT is on the market to raise $350 million in sr. unsecured debt
+ Dilawri Group of Companies is establishing Automotive Properties REIT to acquire and hold auto dealership properties
+ Granite REIT is exploring strategic alternatives, asset sales etc. to enhance unitholder value; advisors engaged …
+ Mark Hogan, President @ Boulevard Industrial REIT, resigned
+ NOBEL REIT closed its $10.7 millioin acquisition of three buildings in Longueuil, QC
+ PRO REIT closed $17.5 million equity financing
+ Sabra Health Care REIT agreed to acquire a nine-property seniors housing portfolio (302 units in BC, 563 units in Ontario) for $137.1 million from Leo Brown Group
+ Slate Office REIT closed $80 million equity financing
INFRASTRUCTURE / P3 / GREEN
+ ACS Infrastructure, Aecon Group, EllisDon and SNC-Lavalin consortium selected by Metrolinx and Infrastructure Ontario as preferred proponent for the Eglinton Crosstown Light Rail Transi project in Toronto – design, finance, construction and maintenance; 30 yr. deal for 19 km. line with 25 stations. Construction to start first qtr. 2016
+ Boralex Inc. inaugureated its 22MW Jamie Creek project; a run-of-river hydroelectric power station
+ DIRTT Environmental Solutions won the inagaural Green Building Product of The Year Award for its ENZO interior wall system
+ Harper government is re-structuring allocation of $13 billion still available in the Building Canada fund to foster pre-election announcements … and, we hope, actual projects
