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: 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.
FRESH TODAY - Sept. 13, 2010
+ BP claims exposure to Gulf of Mexico spill is under $20 billion ; points finger at others for responsibility
+ OPEC is 50 years old (started Sept. 14/1960 in Baghdad by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela)
+ residents (300+) of Mayfair Place apartments evacuated due to fires caused by multiple fires caused by new electrical equipment installations
NEWS REVIEW Sept. 7-12
+ Bank of Canada increased its overnight target rate by 0.25% to 1.0%, bank rate to 1.25%, deposit rate to 0.75%
+ BCE Inc. agreed to acquire CTVglobemedia Inc. for $3 billion; transaction involves Thomson Family’s, The Woodbridge Co. Ltd. taking control of The Globe and Mail with BCE taking a minor stake
+ Dana Petroleum agreed to acquire $390 million in U.K. north sea properties from Suncor Energy (the are purchasing sub. Petro-Canada UK Ltd.)
+ Enbridge Inc. agreed to provide pipeline and terminal services to Husky’s Sunrise Oil Sands Project -capital cost estimated at $475 million
+ Enbridge Inc. agreed to enter JV with U.S. Geothermal Inc.; investing US$23.8 million
+ Dana Petroleum plc agreed to acquire $372 million in UK assets from Suncor’s Petro-CanadaUK
+ Fairborne Energy Ltd. closed its $71.5 million Marlboro/Pine Creek acquisition
+ FortChicago Energy Partners LP agreed to acquire run-of-river hydro projects (Furry Creek, Clowhorn and Culliton Creek) in British Columbia from ENMAX Corporation for $ 114.9 million
+ Government of Alberta laid charges for improper water management against Suncor Energy Inc.; potential fro $4.5 million in fines, Suncor denies it mislead regulators
+ Macleod Dixon opened an office in Bogota, Columbia
+ oil prices spiked after oil leak prompted Enbridge Inc. to shut down a major export line near Chicago, shipping Canadian crude to U.S. markets
+ Oxford Propertes Group opened its 2-tower complex Centennial Place (40-storey and 23-storey towers) in Eau Claire section of downtown core; 1.26 million sq. ft. of rentable space, 85% leased
+ Precisian Drilling hired to Chile’s government to drill well to aid rescue of trapped miners
+ Quest Capital Corp. completed re-branding as Sprott Resource Lending Corp.
+ TransCanada Corp. launched open season on Cushing Marketlink Project
+ Transeuro Energy Corp. agreed to acquire Questerre Energy Corp.’s interest in the Beaver River field in British Columbia, to now hold 100%, for $4.3 million
+ Zargon Energy Trust acquired Oakmont Energy Ltd., $9.45 million
FINANCINGS - proposed & closed
+ Compton Petroleum Corporation announced changes to its recapitalization plan and Plan of Arrangement
+ H & R Real Estate Investment Trust is on the market to raise $125 million in new secured debt
+ Keyera Facilities Income Fun closed $155 million long term debt private placement
+ Nabors Industries Ltd., on the market to raise new unsecured senior debt, arranged $700 million credit facility with commitment for a further $150 million
+ NXT Capital LLC raised US$150 million in new
Mark Kolke, Editor/Publisher
PEOPLE ON THE MOVE
+ Analee Wayne to Pres, Alberta Branch @ The Canadian Bar Association
+ Ann Biqué to Partner @ Fraser Milner Casgrain LLP
+ Brent Heagy Exec. to VP & CFO @ Zargon Energy Trust
+ Brian MacNeill to acting CEO @ Oilsands Quest Inc.
+ Dr. Michael Mahon to Pres. & Vice-Chancellor @ University of Lethbridge
+ Erin Magilton-Morneau to Asst. Branch Mgr. Calgary @ Aon Reed Stenhouse Inc.
+ Grant Walsh to Chair of the Board @ Canada Lands Company Limited
+ Jim Grosdanis to CFO @ Sprott Resource Lending Corp.
+ Peter Grosskopf to Pres. & CEO @ Sprott Resource Lending Corp.
+ Richard Peters to Partner, Calgary @ McMillan LLP
+ Stephen Elop to CEO @ Nokia Corp.
+ Stephen Rand to Sr. Associate @ HFKS Architects Inc.
+ Susan MacKenzie, COO @ Oilsands Quest, resigned Inc.
+ Tom Schmitt to Pres & CEO @ Purolator Holdings Ltd.
INFRASTRUCTURE/P3/GREEN/LEED
+ Connacher Oil and Gas Limited completed and commission its $30 million, 13.1 megawatt, cogeneration facility at its Algar SAGD project, on time and on budget – taking the Algar facility off-grid for power supply..
COMMENTARY
+ kudos to the Government of Alberta and General Electric Canada; they signed an agreement to establish new technology centres in Alberta and collaborate with the province in areas of shared expertise. The new GE Global Heavy Oil Centre of Excellence and the GE Innovation Centre will be located in Calgary
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
+ 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.
SAVE THE DATE/upcoming events:
+ Sept. 14 Canadian Apartment Investment Conference, Metro Toronto Convention Centre, NorthBuilding; registration + Sept. 14 Athabasca Oil Sands Conference, Suncor Community Leisure Centre, Fort McMurray, register + Sept. 15, Canadian Apartment Investment Conference,Metro Toronto Convention Centre, North Building register + Sept. 23 – Calgary Economic Development Annual Economic Outlook, Hyatt Regency, Calgary – Tickets+ Sept. 23-24 – Banff Venture Forum 2010, Fairmont Banff Springs Hotel, Banff – registration+ Oct. 20 – Calgary Real Estate Forum, TELUS Convention Centre, Calgary + Oct. 21 – Calgary Real Estate Leasing Conference, TELUS Convention Centre, Calgary; register + 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
+ Feb. 20, Heritage Classic (Calgary Flames vs. Montreal Canadiens) @ McMahon Stadium
