+ readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: research@maxcomm.ca . We welcome your information – send us information on corporate news, key staff appointments, financings and notices of upcomg industry and charity events.
+ Chevron Corp. agreed to acquire Atlas Energy for US$ 3.2 billion to take position in Marcellus shale
+ Cominar Real Estate Investment Trustacquired 11 properties in Queben and Atlantic provinces; $29.8 million
+ Flint Transfield Services Limited secured an extension of its Suncor maintenance agreement through to 2016; $2.2 billion in value
+ Garneau Inc. got shareholder approval for substantial asset disposition
+ G20 SeoulSummit meeting grabbed at but did not resolve trade and currency imbalances with China at the root of the stubborn-struggle while the U.S. continues to increase its money supply
+ Imperial Oil Ltd. seeking extension of %585 million Beaufort Sea exploration project licence, claiming NEB delays in clarifying drilling rules held them back
+ Keyera Facilities Income Fund acquired Simonette area midstream assets, $82 million
+ Keyera Facilities Income Fund scheduled conversion to corporate structure
+ McMillan and Lang Michener have combined; will operate at McMillan
+ Progress Energy Resources Corp. announced its 2011 cap ex budget of$250 million with provision for increase to $400 million
+ Canadian Imperial Venture Corp. closed final $400,000 tranche of $1.5 million private placement of new equity
+ Pacific & Western Credit Corp. closed $3 million private placement short term notes
+ Pembina Pipeline Corporation announced a plan to raise $250 million in new debt by a debenture issue
+ Westport Innovations Inc. closed US$ 121,756,000 equity issue
+ Yangarra Resources Ltd. secured $9 million credit facility
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).
+ when the Province completes the Calgary Ring Road in 2013, they intend to transfer operation of Deerfoot Trail to the City; that comes with a $26 million/year operating cost that City Council is balking at . . . stay tuned
+ Calgary Stampede Board is proceeding with its $400 million RiverPark area development
COMMENTARY
+ on the red carpet – Gary Holden et al from Enmax strutting their stuff, explaining …. and back-peddling before City Council – no resignations yet, but stay tuned .. .
+ both Alberta and Canada are heading toward elections next year; aside from party readiness, the question remains . . . will Stephen Harper stay around long if he fails to win a majority next time, which begs the bigger question – who would succeed him as leader of his party
+ Mayor Nenshi is impressing lots of people – but, it’s early days. A friend told me about a presentation he did ….. back when hair was long and his campaign had not started – check it out!
SAVE THE DATE/upcoming events:
+ Nov. 16, Mortgage Loans Association Luncheon; Sheraton Suites Eau Claire; Guest Speaker Pat Cooper “Don’t Let the Appraisal Fool You”. REGISTER
+ Nov. 18 ; IFMA Calgary Annual Silent Auction/Mardi Gras Night, Coast Plaza Hotel ; register: IFMA + Nov. 22 & 23; P3 2010 SHIFTING INTO HIGH GEAR, Toronto; register + Nov. 30 – Dec. 2; Real Estate Forum, Metro Toronto Convention Centre; registration – David Podmore + Andrea Stephen co-chairs + Nov. 30 – Dec. 2; Canada-U.S. Northern Oil and Gas Research Forum , Calgary + Dec. 11, 158th OPEC Meeting, Quito + Jan. 18 – Calgary Real Estate Board’s 2011 Forecast Conference & Tradeshow; BMO Centre, Stampede Park, Calgary – Info/Register + Feb. 20, Heritage Classic (Calgary Flames vs. Montreal Canadiens) @ McMahon Stadium
