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).
+ readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: firstname.lastname@example.org . We welcome your information – send us information on corporate news, key staff appointments, financings and notices of upcomg industry and charity events.
+ Western Energy Services agreed to acquire Pantera Drilling Income Trust for $64.1 million
+ Zargon Energy Trust completed its conversion to a corporation structure; to be known as Zargon Oil & Gas Ltd.
FINANCINGS - proposed & closed
+ CIBC is on the market to raise $1.5 billion of debenture debt
+ Compton Petroleum Corporationclosed US$ 193.5 million senior debt and US$ 45 million convertible debt refinancing
+ Connacher Oil and Gas Limited closed $25,346,000 flow-through equity financing
+ Royal Bank of Canada closed $1.5 billion subordinated debenture debt financing
Mark Kolke, Editor/Publisher
COMMENTS / FEEDBACK
SAVE THE DATE/upcoming events:
+ Oct. 27; Pemberton Energy Ltd., AGM, Vancouver + Oct. 29-30 – Calgary Career Show – info/register e-mail contact: Julie Ball + Nov. 3-4 – 11th Annual BUILDEX Calgary, BMO Centre, Calgary + 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 + 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
PEOPLE ON THE MOVE
+ Brad Shaw to CEO @ Shaw Communications Inc.
+ Dermot Baldwin, Exec. Dir @ Calgary Drop-In Centre, retiring
+ Fermando Aguilar to Pres. & COO @ Calfrac Well Services Ltd.
+ Francis Veilleux to Sr. VP Client Services @ Standard Life Investments Inc.
+ Geoff McFarlane to Dir., Sales & Marketing @ Peak Energy Services
+ George Krasulja to VP, Western Canada @ NFI Industries Canada
+ Gordon Graydon to Council Member @ Real Estate Council of Alberta (RECA)
+ James Cumming to Chair, Board of Governors @ NAIT
+ Jim Shaw to Vice-Chairman @ Shaw Communications Inc.
+ Ken McCoy to Council Member @ Real Estate Council of Alberta (RECA)
+ Mark Beacom to VP & Gen. Mgr. Romania @ Sterling Resources Ltd.
+ Nicolas Bilodeau to Partner @ Odgers Berndtson
+ Pamela Wilson to CEO @ Alberta Assoc. of Registry Agents
+ Stephen Birrel to VP & Gen. Mgr. Netherlands & France @ Sterling Resources Ltd.
+ Canada Pension Plan Investment Board (CPPIB) offered to buy an additional 10% of the 407 Express Toll Route (ETR) for $894-million from Cintra Infraestructuras, S.A., a subsidiary of Ferrovial. CPPIB is also completing a separate transaction to acquire the Australian firm Intoll Group, which owns a 30% stake in the toll highway north of Toronto. SNC-Lavalin GroupInc. plansan initial public offering (IPO) of a new sub. TransAxio Highway Concession Inc. (expected to raise $700 - 900-million) to buy additional stake in the 407 ETR from Cintra. SNC-Lavalin has right of first refusal to acquire the shares CPPIB plans to buy from Cintra
+ Enmax got regulatory approval for its $1 billion Shepard Energy Centre, a natural gas fired power plant
+ Manulife Financial provided $117 million financing to International Power Canada for construction and long term operation of 48.6 megawatt wind farm in SW Ontario
+ Mayor Elect Naheed Nenshi is talking about supporting the airport tunnel project and a south-east LRT line . . . ambitious!! …. but, with only 1 vote on a 15 member council, he’ll have his work cut out for him to make it happen at a time when support from other levels of government is unlikely
+ Syncrude was fined $3.2 million for the April 2008 tailings pond incident; 1600 ducks, weighing approx. 2 lbs. each … that’s $1000/per … very expensive duck; some media watchers think the fine is too light.It might be a drop in Syncrude’s barrel, but it sends a strong message from the courts that errors will be punished and the fines will be paid to worthy wildlife conservation projects as opposed to general gov’t revenue.Kudos to all involved.
+ there has been much bally-hooing, carping and whining across Canada by real estate agents of the MLS/Real Estate Board kind; the issue is the Commission of Competition made a deal with the Canadian Real Estate Association (CREA) to stop actions against CREA by way of a Consent Agreement which has now been ratified by the country’s real estate boards. The issue is whether firms who are not offering full real estate services can use the MLS system to advertise properties. CREA members had previously refused, claiming the MLS system was proprietary. The Commissioner of Competition’s agenda, it would seem, was won the day.Some observers believe this will reduce the cost of selling homes.I think it will reduce the quality of service sellers receive from ‘posting service - list it and leave it to the seller’ firms approach will fracture the residential marketplace as opposed to making it better. Time will tell.
+ kudos to alumnus X 2: Murray Cobbe & David Johnson families – donating $5 million each to SAIT Polytechnic in support of the SAIT Trades and Technology Complex.
FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher
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