+ Daphne Taras to Dean, EdwardsSchool of Business @ University of Saskatchewan
+ Ed Kroft to Partner @ Blake, Cassels & Graydon LLP
+ Larry Swets Jr. to Pres. & CEO @ Kingsway Financial Services Inc.
+ Laurence Cooke to VP Wireless @ Shaw Communications Inc.
+ Marie-Claude Guillot to Economist @ Laurentian Bank Securities
+ Philippe Ithurbide, Mgr. Overlay Strategies @ Caisse de dépôt et placement du Québec left the organization
+ Rob Ferguson to co-lead Global Securities Lending @ CIBC Mellon Global Securities Services Company
+ Robert Chiuch Ferguson to co-lead Global Securities Lending @ CIBC Mellon Global Securities Services Company
FINANCINGS - proposed & closed
+ Canoro Resources Ltd. closes $13.9 million common share and rights issue
+ First Capital Realty closed $50 million common share offering
+ Genoil Inc. closed $1 million common share and warrants issue
+ Homburg Canada REIT closed $9,773,400 over allotment of its IPO
+ Power Financial Corporation closed $280 million preferred share issue
+ TransCanada Corporation closed $350 million preferred share issue
+ Western Financial Group Inc. closed $17,264,088 common share offering
+ Yangarra Resources Ltd. closed $1,914,000 flow-through common share issue
SAVE THE DATE - upcoming events:
+ July 9 – 18 – Calgary Stampede – schedule and tickets + August 19, Calgary Enterprise Forum Golf Tournament , Elbow Springs + August 30,2nd Annual Chip In For United Way Golf Tournament, SilverWing Golf Course + Sept. 8 , 2010 Mortgage Loans of Alberta Golf Tournament, Shaw Nee Slopes, Calgary; register, e-mail: greg.stephanson@td.com + Oct. 20 – Calgary Real Estate Forum, TELUS Convention Centre, Calgary + Oct. 21 – Calgary Real Estate Leasing Conference, TELUS Convention Centre, Calgary +Nov. 3-4 – 11th Annual BUILDEX Calgary, BMO Centre, Calgary
+ Nov. 22 & 23; P3 2010 SHIFTING INTO HIGH GEAR, Toronto; register
COMMENTARY + argument
+ I’ve been reading lots of press and hearing lots of business talking-heads refreshing our memory on double-dip; not the ice cream cone, but recession redux.The bigger issue, is whether recovery every really happened – so tough to see through the smoke and mirrors of banker-government speak.With or without collapses in Greece, Turkey, Spain, Germany and others facing problems not far removed from the U.S. calamity of investment bank greed and ineffectual regulatory control. It seems nobody has a clear view of the future – but clearly world leaders, especially the G20 attendees, have their fingers crossed – hoping some combo of good things will somehow collide.Don’t hold your breath.
POINTS to ponder
July 5 - Troubled Toyota recalls about 92,000 cars in Japan - Toyota started recalling more than 90,000 luxury Lexus and Crown vehicles Monday in Japan over defective engines — the latest setback for the automaker beset with quality problems.
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Toyota was the first to put a commercial fuel cell powered car on the road, and I have no doubt that Toyota will continue to be in the front lines in the development of competitive fuel cell vehicles. – Maurice Strong
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A dilapidated and very ancient Ford pulled into the local garage. 'Could you let me have half a gallon of gas?' asked the old fellow at the wheel. 'Why don't you fill her up, now that you're here?' said the attendant. 'Well,' said the old chap, 'she might not run that far.'
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There was once a small snail who always dreamed of becoming a race-car driver. One day he heard that an uncle of his had died and left him some money! Now his dream could be realized! He bought himself a car, souped it up, and then painted a large red "S" on it. When he was at his first race, a friend of his asked him why he had painted the big red "S" on the car? Simple, the snail replied when people see my car go zooming down the, track I want them all to exclaim: Oh look. See the S car go!
OFFICE & INDUSTRIAL LEASING
Mark Kolke, President of MaxComm Realty Advisors, MaxComm Communications and Plandflex Corporation, has been working in real estate finance, management, leasing, sales and consulting work in Alberta for twenty-eight years. His license to practice real estate in Alberta is sponsored by MaxWell South Star Realty where he is an Associate dealing in commercial, residential and agricultural properties. He moved back to Calgary eleven years ago after twenty- seven years in Edmonton. He advises tenants, buyers, developers and institutional clients on issues involving residential developments, commercial real estate and public private partnerships (P3s).
