+ Homburg Invest Inc. got creditor approval for its re-organization
+ Inter Pipeline Fund completed its internal corporate restructuring, buying out its general partner for $340 million, converting to corporation structure
+ Mullen Group Ltd. closed its acquisition of Jay’s Moving & Storage Ltd.
+ Norton Rose completed its merger with Fulbright & Jaworski – now Norton Rose Fulbright
+ Turkey markets fall as public protest demonstrations escalate
+ Axia NetMedia Corporation sold its 35% stake in Axia NGNetworks Spain for $7.1 million
+ Bank of Canada maintained its overnight rate at 1%
+ B.C. government officially voiced its opposition to Enbridge’s Northern Gateway pipeline project – perhaps a bargaining chip by recently re-elected Premier Clark as she angles for a piece of the action for B.C.; approval process continues until late this year under federal government jurisdiction . . . tic-toc . . .
+ Bellatrix Exploration Ltd.’s $300 million Korean Cardium Joint Venture failed to complete
+ Brion Energy is new name for Dover Operating Corp. (PetroChian and Athabasca Oil Corp. JV)
+ Cadillac Fairview plans for mixed use development on the ChinookCenter site moving ahead through Calgary planning process
+ CN accelerating US$33 million expansion of its Wisconsin branch lines to accommodate ramped up frac sand production
+ Harper government in trouble, popularity way down as Senate expense scandal continues
+ Insignia Energy Ltd. agreed to $87 million going private transaction
+ Maple Reinders Construtors Ltd. and SunDurance Energy LLC formed JV to design/build large solar projects in Canada
+ MasTec Inc., acquired Big Country Energy Services Inc. for $103 million
+ MCAN Mortgage Corporation arrangement to take over Xceed Mortgage Corporation got shareholder approval
+ MidAmerican Energy unit of Berkshire Hathaway agreed to acquier NV Energy Inc. for $5.6 billion
+ OPEC meeting held production for its members at 30 million barrels/day, holding to the view US shale oil boom won’t tip global supply balance
+ Poseiden Concepts Corp. agreed to sell of its assets to Rockwater Energy Solutions; price not disclosed
+ Second Wave Petroleum Inc. agreed with its controlling shareholder for going private transaction
+ Surge Energy Inc. closed its SU$42.7 million non-core asset sale
+ Total SA fined $398 million by French government over Iranian activities, while prosecutors push for trial of the company and its CEO on corruption charges
+ construction started on a new mountain bike park in Burnsmead Day Use Area of FishCreekProvincialPark
+ Severn Trent(a British water utility) rejected a $7.7 billion takeover bid from Kuwait Investment Authority led consortium
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ Ivanhoe Cambridge acquired the WellsFargoCenter, 47 storey/983,600 Class A office tower in Seattle for US$ 390 million
+ Oxford Properties Group entered $500 million VJ with The Crowne Estate for development in St. James Market in central London, England
+ CPPIB invested $240 million for 16.7% interest in BullringShopping Center in Birmingham, England
+ New York action - Carlyle Group LP sold 650 Madison Ave. (600,000 sq. ft.) in Manhattan for US$1.3 billion. Also this week, a stake in the GM Building traded which value the bldg at $3.4 billion, EmpireStateBuilding shareholders OK’d an IPO for a portfolio to contain that iconic building as EmpireState Realty Trust – IPO should fetch $1 billion
+REIT merger – Mid-America Apartments & Colonial Properties Trust to merge in $8.6 billion transaction/85,000 units, sunbelt focused U.S. apartment REIT
“I’ve been imitated so well I’ve heard people copy my mistakes.” – Jimi Hendrix
“Most people die of a sort of creepy common sense, and discover with it is too late that the only things one never regrets are one’s mistakes.” – Oscar Wilde
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
