+ American Hotel Income Properties REIT LP acquired 110 room Oak Tree Inn, Wellington, Kansas for US$7,410,000
+ Avigilon Corporation agreed to acquire Telus’s Robson St., Vancouver office tower for $42 million – 135,000 ft2
+ Athletes' Village turned-over to TORONTO 2015 Pan Am/Parapan Am Games Organizing Committee 5 months ahead of the event; $514 million project will house 10,000 athletes, coaches, and officials from 41 nations from July 10th to August 15th. Built by EllisDon Ledcor PAAV Inc. – included construction of seven new mid-rise buildings on the 35-acre West Don Lands site.
+ Brookfield Residential Properties Inc. acquired Grand Haven Homes, an Austin, Texas home builder; price not disclosed
+ Starlight U.S. Multi-Family Core Fund acquired 396 unit apartment project north of Austin, Texas for US$ 50,600,000
SAVE THE DATE / GOLF TOURNAMENTS
+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course
+ Davis LLP is merging with DLA Piper; new firm will be known as DLA Piper (Canada) LLP
+ Elkwater Resources Ltd. changed its name to Striker Exploration Corp.
+ Encana Corporation announced its revised 2015 CapEx Budget is $2.0 billion, down $700 million from earlier estimates
+ Essex Oil Ltd. leaving the oil & gas business; will restructure
+ Exxon Mobil Corp. announced its 2015 CapEx Budget is US$34 billion, down 11% over last year
+ Keystone XP Pipeline enabling legislation in U.S. Congress, vetoed by President Obama as expected … it ain’t over … tic toc
+ Marquee Energy Ltd. agreed to acquire a portfolio of light & infrastructure assets at Michichi for $16.5 million
+ Mart Resources Inc. entered a conditional agreement with Midwestern Oil and Gas Company Limited to acquire all of Mart Resources
+ Newalta Corporation closed the $300 million sale of its industrial division to Revolution Acquisition LP
+ Oxford Properties Corp. & Ivanhoe Cambridge Inc. has struck a deal to acquire 11 of the Target Canada leases, pending court approval … no word yet on the other 122 leases
+ Pengrowth Energy Corp. took a $1 billion asset write-down due to falling oil prices
+ PetroFrontier Corp. retained advisors to strategize a range of options
+ Prentice watch: the Premier announced the Government of Alberta will close the year with a projected $465 million surplus, in contrast to $500 million anticipated deficit; the Premier cut his office budget – got his senior political staff to take a 5% pay cut. Spring election call (we’ll vote in May) expected to give him a mandate; Rick Hanson expected to be a candidate …
+ RioCan REIT, Simon Property Group Inc. and Hudson’s Bay Company formed a ‘strategic venture’ to develop and re-develop HBC properties & secure new HBC retail stores in some RioCan and Simon properties
+ SPOC Automation Inc. acquired KJ Controls Canada
+ TC PipeLines LP agreed to acquire 30% of Gas Transmission Northwest LLC from TransCanada Corporation for $446 million, to own 100%
+ TORC Oil & Gas Ltd. closed its SE Saskatchewan light oil assets acquisition; all shares transaction
+ Vermilion Energy Inc. announced its 2015 CapEx Budget is $415 million, down from $525 million announced earlier
FINANCINGS - proposed & closed
+ Brompton Oil Split Corp. closed $70 million IPO
+ Cenovus Energy Inc. closed $1.5 billion equity financing
+ CIBC is on the market to raised $250 million by a preferred share issue
+ Crew Energy Inc. closed $100 million equity financing
+ Crown Point Energy Inc. closed US$8.5 million 2nd tranche of its equity financing
+ Fiera Capital’s Investment Grade Infrastructure Bond Fund closed $65 million IPO
+ Imaging Dynamics Company Ltd.c closed $ 2.0 million common share & warrants issue
+ Kelt Exploration Ltd. is on the market to raise $28.4 million in flow-through equity
+ Legend Power Systems Inc. closed $705,000 warrants exercise
+ Northland Power Inc. is on the market to raise $270 million in equity
+ Opal Energy Corp. closed $1,205,000 equity financing
+ Petrolia Inc. is on the market to raise $2,750,000 in flow-through equity
+ Petro-Victory Energy Corp. is on the market to raise $2 million in common share & warrants issue
+ Rock Energy Inc. closed $13.2 million equity financing
+ Slate Retail REIT is on the market to raise $60 million in equity
+ Smartcool Systems Inc. is on the market to raise $500,000 in equity
+ TD Bank is on the market to raise $350 million by a preferred share issue
+ TransCanada Corporation closed $250 million preferred share issue
+ Trez Capital Finance Fund V LP closed $139 million equity raise
+ Tricon Capital Group Inc. secured US$ 175 million credit facility
INFRASTRUCTURE / P3 / GREEN
+ Government of Alberta sold three planes – three King Air units for $6.1 million; re-tendering the fourth plane is planned
+ Penticton Regional Hospital Patient Care Tower project moving forward; RFT issued to pre-qualified teams: EllisDon Infrastructure, Plenary Health and Tandem Health Partners
this week in REITS
+ American Hotel Income Properties REIT LP acquired 110 room Oak Tree Inn, Wellington, Kansas for US$7,410,000
+ RioCan REIT and Hudson’s Bay Company formed a ‘strategic venture’ to develop and re-develop HBC properties & secure new HBC stores in RioCan properties
+ Slate Retail REIT is on the market to raise $60 million in equity
QUOTES
+ It is one of the blessing of old friends that you can afford to be stupid with them. – Ralph Waldo Emerson
+ It has been my observation that most people get ahead during the time that others waste. – Henry Ford
