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. 6, 2010
+ Bank of Canada interest rate announcement due Wed Sept. 8
+ Labor Day holiday in Canada and the United States
+ U.S. President Obama announced US$50 billion infrastructure stimulus plan
NEWS REVIEW Aug. 31 - Sept. 5
+ ATCO Ltd. sold its travel business, ATCO Travel, to Maritime Travel Inc. + Enbridge Inc. to expand Athabasca pipeline capacity; $ 185 million + government of Alberta has taken in $1.24 billion so far this year in land rights sales + Husky Energy agreed to acquired natural gas properties in central Alberta from Talisman Energy for $ 450 million + ING Groep NV sold its Canadian portfolio of 450 properties for $2 billion; 450 properties to JV of Kingset Capital and Alberta Investment Management Corp. + Petrobras agreed to issue US$42.5 billion in stock to the Brazilian Government for offshore drilling rights + Postmedia Network Inc. began rationalizing operations; 30 staff cut at Calgary Herald + Schlumberger finalized US$11billion merger with Smith International + Stonecrest Equity Development Corp. acquired the Symons Valley Ranch from Octagon Properties for $11 million; plan for up to 10,000 residential units + Terra Energy Corp. closed $32.2 million acquisition of Square Creek gas field and other assets from Fortress Energy Inc. + U.S. economy; reported 67,000 new private sector jobs created in Aug, but unemployment rate rose from 9.5 to 9.6% + U.S. President Obama announced the end of the U.S. combat mission in Iraq; will keep troops there in new support role to Iraqi government + weekly economic update from ATB Financial
FINANCINGS - proposed & closed
+ Nabors Industries Ltd. secured commitment for $700 million unsecured credit facility with option for additional $150 million
+ Petrobras on the market to raise US$64.5 billion+ in new equity
+ TG World Energy Corp. closed US$6.0 million secured debt financing
SAVE THE DATE/upcoming events:
+ Sept. 8 , 2010 Mortgage Loans of Alberta Golf Tournament, Shaw Nee Slopes, Calgary; register, e-mail: greg.stephanson@td.com
+ Sept. 12-15 – AAPG 2010 International Conference & Exhibition, TELUS Convention Centre, Calgary; register
+ 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 – Calgary Council for Advanced Technology, Annual General Meeting, Alberta Innovates - Technology Futures, Calgary; (featuring- The Leading Edge of Agile Architecture lecture by Mogens Smed) ; 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 + 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
Mark Kolke, Editor/Publisher
PEOPLE ON THE MOVE
+ Colleen Vancha to Sr. VP Investor Relations @ Viterra Inc.
+ Eduard Khudainatov to CEP @ OAO Rosneft
+ Greg McGillis to Pres & COO @ Titan Logix Corp.
+ Helen Cornett to CEO @ Galvanic Applied Sciences Inc.
+ Jennifer Stevenson to Mgr. @ Dynamic Energy Income Fund
+ Jill Wyatt, CEO @ YWCA of Calgary, resigned
+ Jill Wyatt to Sr. Director @ United Way of Calgary
+ John O’Connell to Bus. Dev. Mgr. @ Titan Logix Corp.
+ Stephen Letwin, multi-role senior exec @ Enbridge Inc. et al, retiring Nov. 1
INFRASTRUCTURE/P3/GREEN/LEED
+ Bird Construction Income Fund awarded $82 million contract by RegionalMunicipality of Wood Buffalo (Fort McMurray) for water treatment plant upgrade; to be complete, fall 2012.
+ University of Calgary downtown facility – up and running; 20 yr lease on retrofitted facility at 8th Ave & 8th Street SW
+ congrats to Oxford Properties – CanterraTower has been awarded LEED Gold certification; first tower in Western Canada to win the designation
+ Calgary’s election for Mayor is getting funnier each week; there are now 17 candidates in the race and nominations haven’t closed yet – the silly season is beginning.
+ the Calgary Airport authority is tugging on Superman’s cape, trying to get Transport Canada to reduce the airport land lease rent to zero; not going to happen
+ Potash Corp. of Saskatchewan continues to fend of BHP Billiton, Sinochemand others – but you have to wonder at the wisdom of hiring Toronto-centric Conference Board of Canada??? … as their advisor instead of getting real financial analysis/advice from real investment bankers
+ AthabascaRiver water status: lots on newsprint wasted on a stupid argument – which seems ridiculous to me; David Schindler (his qualifications are ‘world class widely regarded water scientist’) wrote a report, reviewed by his peers - and then the Government of Alberta denies the science???Stelmach and Environment Minister Rob Renner (his qualifications are that he got re-elected) says the pollutants downriver from oilsands facilities are due to natural causes. No word on whether Renner is filling his canteen from the AthabascaRiver. At a time where the government is going toe-to-toe with activists to counter the dirty-oil label, they should at least have the decency to tell the truth about the water quality.When it comes to air, they want to tell the truth – but when it comes to water they keep trying to pretend it’s clean when they know they wouldn’t drink it themselves.
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.
