Jim Prentice wins PC Leadership race | Conroy Ross merger | we have snow on the ground! | Manulife buying Standard Life | Suncor selling WilsonCreek assets | Encana selling rest of PrairieSky Royalty | progress on secondary suites | new Central Library design unveiled | REIT acquisitions | conversation with Doug Porozni + new financings >>>>
+ City of Calgary – is finally – getting its head right on secondary suites; reality of council having to deal with applications as ‘one-off’ events, push from the planning dept. (kudos to Rollin Stanley .. who knew?) in favour, low vacancy rates, push from Chamber of Commerce, Calgary Economic Development have finally, it appears, overcome NIMBY objections in long-developed communities
+ Conroy Ross Parners are merging with Optimum Talent Executive Search to provide both entities with a national scope
+ Crescent Point Energy Corp. agreed to acquired $378 million in unconventional assets in Saskatchewan and Manitoba from Lightstream Resources Ltd.
+ Eagle Energy Trust closed its sale of PermianBasin assets near Midland, Texas for US$140 million
+ Enbridge’s Northern Gateway project target in-service date of 2018 now in doubt; likely to take longer as company deals with regulatory delays. So far, 26 First Nations groups have entered into equity participation agreements with Enbridge
+ Encana Corp. to sell its remaining stake (54%) of PrairieSky Royalty Ltd. to raise $2.6 billion
+ Fiera Capital Corporation acquired Propel Capital Corporation
+ FirstEnergy Capital ended its association/partnership with Societe General; FirstEnergy Capital is now 100% employee owned
+ Genivar has re-branded itself as WSP Global Inc.
+ Goldman Sachs-led project with USD Group LLC, are planning a master-limited partnership to own and operate terminals at Hardisty, Alberta, San Antonio, Texas and West Colton, California will involve 3,799 railcars
+ Gulf of Mexico spill penalties: Halliburton settled for US$1.1 billion in penalties, BP found grossly negligent, fined US$18 billion. BP under pressure to sell assets to settle its obligations
+ Harvest Operations Corp. agreed to sell its North Atlantic Refining Limited (Come By Chance, Nfld. refinery) to SilverRange Financial Partners LLC
+ insurance industry sources peg 2014 hailstorm damages as $450 million; roof coverage language in policies likely to change + premiums likely to rise
+ Keystone XL pipeline route is up in the air as Nebraska top court is hearing arguments against the proposed ‘revised route’ or no route at all … tic toc
+ Manulife Financial Corporation agreed to $4 billion takeover of Standard Life’s Canadian operations
+ NorthWest International Healtcare Properties REIT closed its acquisition of a German property portfolio. Last property is 58,000 sq. ft. building is in Berlin, $16.5 million
+ Pembina Pipeline Corp.’s Oregon pipeline plan pegged at $1.15 billion capital cost
+ Petrus Resources Ltd. agreed to acquire Ravenwood Energy Corp.
+ PRO REIT acquired $65.6 million portfolio (14 properties) in Quebec and Maritimes
+ Pure Industrial REIT closed a US$67.8 million acquisition (368,134 sq. ft. ) in New Jersey
+ Stream Oil & Gas Ltd. agreed to an arrangement to merge into TransAtlantic Petroleum Ltd.
+ Suncor Energy agreed to sell its Wilson Creek assets to Tamarack Acquisition Corp. for $168.5 million
+ TriWest Capital Partners confirmed acquisition of a majority interest in Broda Group Inc.
+ U.S. Shale Solutions acquired WPW
+ Verico Axis Mortgage had its brokerage license terminated
+ Vertex Resource Group Ltd. acquired Navus Environmental Inc.
+ WSP Global Inc., backed by a $200 million investment by La Caisse de dépôt et placement du Québec agreed to acquired Parsons Brinckerhoff for US$1.35 billion from Balfour Beatty PLC; merger talks between Balfour Beatty and Carillion now stalled until March at the earliest
+ Zargon Oil & Gas Ltd. closed its disposition of Jarrow properties for $12.2 million
+ to Bentall Kennedy, ranked tops in the 2014 Global Real Estate Sustainability Benchmark (GRESB): the top firm globally (Global Leader) for the Diversified property type; top North American firm (Regional Leader) for the Diversified - Large Cap property type; the United States leader for the Diversified property type peer group, as real estate advisor for Multi-Employer Property Trust/MEPT Edgemoor
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