+ It is wonderful to feel the grandness of Canada in the raw, not because she is Canada but because she’s something sublime that you were born into, some great rugged power that you are a part of. – Emily Carr
+ We’ll explain the appeal of curling to you, if you explain the appeal of the Natural Rifle Association to us. – Andy Barrie
+ Ivanhoé Cambridge acquired 21 Lombard Street (116,000 ft2 Class A office property) in London, UK for £130 million
+ Pure Multi-Family REIT LP closes its acquisition of Park at West Avenue in San Antonio, Texas for a purchase price of US$54,250,000 [360 units]
+ Shanghai-based developer Greenland Group broke ground on a Toronto Theatre District condo-hotel project that will included Canada's first theatre museum; on the old Westinghouse site, 122-key luxury boutique hotel, 44 and 48-storey residential towers
+ Slate Retail REIT agreed to acquired 97,459 sq. ft. food-anchored centre in St. Louis, Mo. For US$7.2 million
+ British Election: David Cameron’s Conservatives won a majority, markets responding positively
+ Canadian Quantum Energy Corporation sold its U.S. subsidiary for $1,485,239 in a shares for debt transaction
+ Canadian Tire agreed to acquire twelve leases previously held by Target Canada for $17.7 million, subject to CCAA court approval
+ Connacher Oil and Gas Limited completed its restructuring process
+ CN announced its 2015 CapEx Budget is $2.7 billion
+ current energy prices – live link to Bloomberg energy prices ; oil softened up as traders fear a glut; meanwhile natural gas prices rose from a 3-yr. low
+ DTZ has agreed to acquire Cushman & Wakefield from Exor, an Agnelli family holding, for US$2 billion; price not disclosed, transaction to close before end of 2015
+ Greece continues to teeter toward default, promising it will make current payments but needs ongoing help; European central bankers being pressured, euro zone jittery .. still/always .. tic toc
+ Helical Pier Systems Ltd. agreed to acquire Landcore Technologies Inc.; terms not disclosed
+ Holcim Ltd. and Lafarge SA merger going ahead; companies will sell facilities and quarry assests in Canada & U.S. to satisfy regulator concerns
+ Indonesia’s oil minister is seeking approval for his country to re-join OPEC
+ National Energy Board approved the WesPac Midstream-Vancouver LLC natural gas export licence – for LNG shipping from Delta & Vancouver BC
+ NorthWest Healthcare Properties REIT and NorthWest International Healthcare Properties REIT got unitholder approval for their combination; combined assets over $2 billion
+ Penn West Petroleum Ltd. closed $318 million sale of royalty production & mineral rights to Freehold Royalties Ltd.
+ Penske Logistics closed its acquisition of Transfreight North America from Mitsui & Co. Ltd.; terms not disclosed
+ Repsol S.A. completed its acquisition of Talisman Energy Inc.
+ Rogers Insurance Inc. acquired Sylvan Agencies Ltd. and Procom Insurance; both operations will rebrand as Inowest Insurance Brokers Inc.
+ Royal Dutch Shell got U.S. government approval to explore/drill offshore Alaska
+ Saudi Arabian Oil Co. is reported to be planning US$70-80 billion in overseas acquisitions/investments over the next five years
+ Waldron Energy Corporation closed $12.3 millioin sale of its Strachan and Ricinus properties
FINANCINGS - proposed & closed
+ Allied Properties REIT is on the market to raise $1509 million in sr. unsecured debt
+ Bellatrix Exploration Ltd. is on the market to raise US$250 million in sr. unsecurd debt
+ DIRTT Environmental Solutions Ltd. is on the market to raise $35,575,000 in equity
+ Parex Resources Inc. closed $136,792,500 equity financing
+ Pure Multi-Family REIT LP closed US$35.2 million equity financing
+ Terra Firma Capital Corporation closed $14,375,115 equity financing
+ 407 International Inc. is on the market to raise $500 million in sr. debt
CLIMATE CHANGE IN THE NEWS
+ downtown Toronto has become the first 2030 District outside of the U.S. [area bordered by Lake Ontario, Bathurst, Dupont, and the Don Valley]is aiming to decrease its greenhouse gas (GHG) emissions 50% by the year 2030; eight cities in the U.S. have designated 2030 Districts, including Seattle, Cleveland, Pittsburgh, Los Angeles, Denver, Stamford, San Francisco, and Dallas
+ the BOMA BEST National Green Building Reportis downloadable
this week in REITS
+ Allied Properties REIT is on the market to raise $1509 million in sr. unsecured debt
+ NorthWest Healthcare Properties REIT and NorthWest International Healthcare Properties REIT got unitholder approval for their combination; combined assets over $2 billion
+ Pure Multi-Family REIT LP closes its acquisition of Park at West Avenue in San Antonio, Texas for a purchase price of US$54,250,000 [360 units]
+ Pure Multi-Family REIT LP closed US$35.2 million equity financing
+ Slate Retail REIT agreed to acquired 97,459 sq. ft. food-anchored centre in St. Louis, Mo. For US$7.2 million
INFRASTRUCTURE / P3 / GREEN
+ 407 International Inc. is on the market to raise $500 million in sr. debt
OIL SANDS NEWS
+ Baytex Energy Corp. is decommissioning its Gemini thermal pilot project; delaying decision on its 5,000 barrel/day SAGD project due to current oil prices
+ Shell Canada announced it will dely its Carmon Creek oilsands project a couple of years in order to drive down costs. Plans are being altered, schedules changed and contracts re-tendered …
