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. 27, 2010
+ Chavex expected to retain control of parliament in Venezuela vote
+ economic update – Finance Minister Flaherty speaking today in Montreal
+ JPMorgan Chase and Societe Generale each in pursuit of RBS Sempra’s North Amercian gas and power trading business
NEWS REVIEW Sept. 21 - 26
+ Avenir Diversified Income Trust acquired Great Plains Exploration Inc., $84 million
+ Cenovus Energy got ERCB approval to double capacity at Foster Creek thermal oilsands project to more than 200,000 barrels/day
+ Canada Pension Plan Investment Board agreed to acquire 8 more Canadian shopping malls; investing $ 230.5 million
+ Enbridge Inc. secured approval to re-start its Line 6b in Michigan which had been idle since leak repairs completed
+ Enerplus Resources Fund agreed to sell its Kirby SAGD oilsands lease for $405 million
+ FortChicago Energy Partners L.P. agreed to acquire Pristine Power Inc., $314 million
+ Gaz Métro Limited Partnership got court approval for its corporate reorganization
+ gold price crossed US$1300/ounce . .
+ Government of Alberta assembling committee of third party experts to review water monitoring data from oil sands region
+ Jamieson Place (38 storeys - 880,000 sq. ft.) owned by bcIMC has opened; full leased
+ Halliburton closed its acquisition of Boots & Coots
+ Korea National Oil Corp. won control over Dana Petroleum PLC; $2.9 billion hostile takeover
+ Lowe’s home improvement stores opened its first store in Western Canada at CrossIron Common at Balzac
+ Oilsands Quest putting its non-core assets on the market in effort to raise cash
+ Standard Life Investments closed its $61million acquisition; QuarryPark buildings – 2 for a total of 163,175 sq. ft.
+ ‘The Bow’ construction has reached its full height, 59 stories
+ Total SA efforts to secure approval of Joslyn North Mine oilsands project; Mikisew Cree First Nation withdrew its objections – joint review panel adjourned to next week
+ Canadian Pacific Railway Company closed US$ 350 million debt financing
+ Century Mining Corporation closed $1,211,280 private placement equity issue
+ Petroleo Brasileiro (Petrobras) closed US$ 70 billion equity issue of common & preferred shares
+ PetroGlobe Inc. closed $3 million issue of new equity
+ TG World Energy Corp. closed 2nd $3 million tranche of US$6 million debt facility
+ TransCanada Corporation closed US$ 1 billion issue of senior long term debt
Mark Kolke, Editor/Publisher
COMMENTS / FEEDBACK
PEOPLE ON THE MOVE
+ Aimee Halfyard to Associate @ Ogilvy Renault
+ Chris Harris to Associate @ Ogilvy Renault
+ Denis Tremblay to CFO @ Vantex Resources Ltd.
+ Joerg Schuetz to CEO @ Solid Resources Ltd.
+ John Usborne to Managing Dir. @ Societe Generale Canada
+ Lisa Liasson to Pres. @ Federal Express Canada Ltd.
+ MatthewHall to Associate @ Ogilvy Renault
+ Michele Austin to Principal @ Earnscliffe Strategy Group
+ Nigel Write to Chief of Staff @ Prime Minister’s Office
+ Phillip Knoll to Pres. & CEO @ Corridor Resources Inc.
+ Randy Bauslaugh to Partner @ McCarthy Tétrault LLP
INFRASTRUCTURE/P3/GREEN/LEED
+ Calgary’s PeaceBridge installation has been delayed by 3 months; now expect completed installation January/2011.It seems the $24.5 million Calatrava design requires more welding than first thought ….. but one has to wonder if the delay is orchestrated to minimize this bridge procurement issue from the civic election campaign – I’m just thinkin’
+ Suncor Energy is investing $200 million to develop a wind turbine farm near Drumheller along with JV partner Teck Resources Ltd. (30%)
+ Bird Construction (as part of Plenary Justice consortium) selected as preferred proponent to design and build the Thunder Bay Consolidated Courthouse project
+ 407ETR opened 18 kilometres of new lanes, bringing its investment to $1.2 billion; 407 ETR Concession Company Limited is operator and manager of Highway 407 (consortium comprised of Cintra Infraestructuras, Intoll and SNC-Lavalin )
+ Brookfield Asset Management Inc. completed raising $2.7 billion for its infrastructure fund targeted: 70% Canada & U.S., 30% Brazil
+ City Hall run – Ric McIver way out in front in opinion polls and fund raising; Higgins re-start with change of campaign mgr. … meanwhile the rest of the field of 15 jockeying for the Mayor’s chair are making much noise but little progress; 80 candidates seeking other posts
+ kudos to Union Gas Pres. Julie Dill, recognized as 2010 Energy Leader of the Year by the Ontario Energy Association
SAVE THE DATE/upcoming events:
+ 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. 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
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
