+ Alberta to get new area code in 2016 . . . Area Code 825 (current codes 403, 587 and 780 expected to run out of numbers by July 2016)
+ AltaGas Ltd. and Idemistu Kosan Co. Ltd. have applied to NEB for an LNG export license … to be called TRITON LNG LP, to ship from Kitimat or Prince Rupert …
+ Brookfield Office Properties broke ground on its $1.3 billion Brookfield Place project; 56 storey, 1.4 million ft2 building will be tallest in Calgary; 1 million ft2 pre-leased to Cenovus
+ Canada Lands announced they will partner with Embassy Bosa for town-centre concept development on the former Currei Barracks lands
+ Canadian First Financial Group Inc. completed its acquisition of MonCana Bank of Canada
+ Carl Icahn increased his stake in Talisman Energy from 5.97% to 6.96%
+ ConocoPhillips got NEB approval for the first horizontal fracturing in Northwest Territories; two wells near Norman Wells
+ Edgefront Realty Corp. agreed to acquire 10 industrial properties (AB, SK, BC & NT) from RTL-Westcan Limited Partnership in a sale/leaseback transaction; REIT conversion planned to coincide with closing
+ Empire Company Limited closed sale of 46 theatres (397 screens) in transactions with Cineplex Inc. and Landmark Cinemas; proceeds $248 million
+ Enbridge Inc. to develop $1.6 billion Wood Buffalo Extension Pipeline for Fort Hills Partners and Suncor Energy Oil Sands Limited Partnership
+ Enbridge Inc. to develop $1.4 billion Norlite Diluent Pipeline to serve Fort Hills project
+ Finance Minister Flaherty promised a balanced budget … and surplus for 2015
+ Fort Hills oilsands project ($15.1 billion/180,000 barrels/day) going forward – JV between Suncor Energy and Shell
+ Government of Alberta released updated 2013 Flood Statistics; more than $170 million in disaster assistance provided to 14 municipalities & 2 First Nations to allow them to begin rebuilding – over 9,100 Albertans have applied for the disaster recovery assistance
+ Government of Albertaintroduced Bill 27 – establishing flood mitigation steps in law, restricting development in areas deemed floodways and funding mitigation steps
+ Government of Albertaintroduced Bill 31 – establishing a new agency – Alberta Environmental Monitoring, Evaluation and Reporting Agency (AEMERA)
+ Royal Dutch Shell plc announced it will go forward with its 80,000 barrels/day Carmon Creek project – thermal in situ project in Peace River area
+ Sears Canada selling leases back to Cadillac Fairview et al, 5 locations (including Toronto’s Eaton Centre in a $400 million transaction
+ Sea Dragon Energy Inc. closed its sale of Kom Ombo concession for US$6 million
+ Senate-gate continues between Senators (Duffy, Wallin and Brazeau) facing suspension over improper expense claims or expulsion in tug-o-war of words with the PMO (Prime Minister’s Office); hard to tell which scandal tops which … stay tuned as ‘what the prime minister knew and when he knew’ it shakes up Senate reform issues like never before
+ Servpro Cleaning merged with GDI Integrated Facility Services Inc.; will operate as Servpro Cleaning, a GDI Company
+ SNC-Lavalin put its AltaLink unit on the market, seeking $3.5 billion
+ Temple Hotels Inc. closed its $42 million acquisition of Acclaim Hotel
+ TransForce Inc. agreed to acquire Clarke Transport Inc. and Clarke Road Transport Inc.
+ Trez Capital Senior Mortgage Investment Corporation and Trez Capital Mortgage Investment Corporation - taking steps to become public company
+ U.S. mortgage firm Fannie Mae suing 9 banks for LIBOR rigging; seeking $800 million
+ Whitecap Resources Inc. acquiring Alberta Cardium and Saskatchewan Viking plays; $90 million & $78 million
FINANCINGS - proposed & closed
+ Agent Energy Trust closed $60 million convertible debt financing
+ American Hotel Income Properties REIT closed $40.3 million equity financing
+ CN is on the market to raise US$600 million in medium term debt
+ CT REIT closed $39,525,000 over-allotment of its recent IPO
+ DualEx Energy International Inc. closed $737,960 tranche of its common share & warrants offering
+ High North Resources Inc. closed $5,229,814 financing
+ MEG Energy Corp. is on the market to raise $209.2 million sr. debt financing
+ Peyto Exploration & Development Corp. is on the market to raise $120 million in new debt
+ Sahara Energy Ltd. is on the market to raise $600,000 in equity
+ Shoreline Energy Corp. closed $3,138,000 debt financing
+ Starlight U.S. Multi-Family (No.2) Core Fund is on the market to raise US$ 22 million in equity
+ Tricon Capital Group Inc. closed US$40 million financing
+ Twin Butte Energy Ltd. closed $70 million financing
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ BRB Real Estate Investment Trust closed $14 million portfolio purchase of 3 buildings(Longueuil and Sherbrooke, QC)
+ First Gulf Corporation broke ground on its development on King St. East in Toronto – The Globe and Mail Centre; 500,000 sq. ft. LEED Gold project, 17 storey office tower. The Globe and Mail newspaper will occupy 130,000 sq. ft.. Completion in 2016
+ Capital Hotel Limited Partnership (Larco company), acquired the Fairmont Chateau Laurier in Ottawa
+ One World Trade Centre in New York moves along toward occupancy; 104 storey building will receive first tenants in late 2014; they opened a show suite on the 63rd floor … base rent is $75 ft2/yr.
FACILITYCalgary current week data posted every Tuesday morning
CONVERSATIONS
FACILITYCalgary Publisher 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.
This week's conversation with Vic Tucker, Tucker FX Photograhy
Last week's conversation with Ken King, Pres. & CEO, Calgary Flames Hockey Club
+ REITrag .. monthly newsletter and website archive – everything that is happening in the REIT industry, of interest to anyone investing in or doing business with REITs
+ OILSANDS Bulletin– monthly newsletter, website archive, employment marketplace for oilsands news, technology, employment and much more
SHAKERS AND MOVERS
+ Brian Porter to Pres. & CEO @ Scotiabank, replacing Rick Waugh who retired
+ David Campbell to COO @ Securefact Transaction Services Inc.
+ Jeff Funtasz to Revional VP Advertisting, Prairie Region @ Postmedia Network
+ John Chen to Interim CEO @ BlackBerry Ltd.
+ Kenny Watt to VP Global Sales and Services, McCoy Global @ McCoy Corporation
+ Paul Johnson to Pres. @ Petrotranz Inc.
+ Raymond Floyd to Pres. & CEO @ Plasco Energy Group Inc.
+ Robert Wright to CFO @ Morguard North American Residential REIT
+ Ron Roling to VP Technical and Product Dev. , McCoy Global @ McCoy Corporation
+ Scott Chandler to Pres.&CEO, Canada Operations @ Cushman & Wakefield
+ Encana Corp. slashing workforce by 20%, spinning off royalty producing properties into a separate company via an IPO; to focus on 5 North American plays in 2014
+ Ironhorse Oil & Gas Inc. agreed to sell its LeonLake interests for $7.2 million
+ Newfoundland and Labrador put a hold on fracking – declined permit application for activity near Gros Morne National Park; reviewing their regulations
+ Plazacorp Retail Properties Ltd. to convert to REIT structure; will be Plaza Retail REIT
+ SAC Capital Advisors LP hedge fund fined US$1.2 billion over insider trading irregularities
+ Sobeys Inc. closed its acquisition of Canada Safeway, $5.8 billion, purchase, added 29,000 Safeway employees, 70 Canada Safeway properties spun of to Crombie REIT
+ Alberta flood relief continues to go slowly; Federal bill to top $3 billion (no funds advanced yet) so Alberta will be carrying the costs for some time
+ Bow River bank restoration/stabilization work underway at 6 floor ravaged locations
+ FortCalgary announced $36 million plan to refurbish the site and facilities in a 3-stage process; first phase is $21.31 million ($8 million committed by Prov/Fed gov’t, $2.85 million from the city),FortCalgary will raise the rest
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved.
- this website is maintained and updated weekly - last updated September 19, 2023
