Edmonton Construction 9 (2008-08) - Page 150

Kevin_foster · #**2981** Posted **Jan 30, 2009, 6:32 PM**

Quote:

Originally Posted by SHOFEAR

Got to check out a unit in the Illuminada tower two last night. Pretty swanky joint.

Was it near a school?

I think so - a bear was driving it too... WIERD

feepa · #**2982** Posted **Jan 30, 2009, 6:37 PM**

stop taking pictures of my van please

CanadianCentaur · #**2983** Posted **Jan 30, 2009, 8:29 PM**

🞵🞵🞵🞵🞵🞵🞵🞵 has arrived in Edmonton! Kids - do not under any circumstances approach him!

newfangled · #**2984** Posted **Jan 30, 2009, 8:41 PM**

Quote:

Originally Posted by RTA

Apparently GE Fanuc is leaving the Oxford Tower for suburban offices on 23rd Ave. Booo.

Yeah, and it's too bad because GE Fanuc (and its various previous incarnations) have been downtown for a long time. I've got two friends (who both live in the deep, deep North) who aren't too impressed with the thought of commuting to the land of seniors' condos and sobeys.

Atlguy33 · #**2985** Posted **Jan 30, 2009, 10:35 PM**

I'm sure the proposed design for the Roost (ah, memories) renovation is traditionalist due to it being in the warehouse district. It's not bad, tho, IMO. An art gallery or something would indeed be awesome there.

craner · #**2986** Posted **Jan 31, 2009, 5:29 PM**

Quote:

Originally Posted by RTA

Apparently GE Fanuc is leaving the Oxford Tower for suburban offices on 23rd Ave. Booo.

Brutal - piss me off !

edm17el · #**2987** Posted **Feb 1, 2009, 10:45 PM**

Check this out. I posted this earlier.

http://forum.skyscraperpage.com/showthread.php?p=4061712&posted=1#post4061712

fortroad · #**2988** Posted **Feb 1, 2009, 11:54 PM**

^ Ok, that is insane.. what would they use a tower like that at the WEM for?
I have a feeling that there could be some expansion at the WEM due to the slow economy.

Xelebes · #**2989** Posted **Feb 2, 2009, 3:06 AM**

Quote:

Originally Posted by edm17el

Check this out. I posted this earlier.

http://forum.skyscraperpage.com/showthread.php?p=4061712&posted=1#post4061712

I am laughing so frickin' hard to that.

itom 987 · #**2990** Posted **Feb 2, 2009, 4:35 AM**

WEM would be an unbelievably awesome mall if it looked like that and was in downtown.

rapid_business · #**2991** Posted **Feb 2, 2009, 5:09 AM**

/\ no it wouldn't... that is ridiculously tacky...

CMD UW · #**2992** Posted **Feb 2, 2009, 5:39 AM**

Hahahaha....

Ohhh WEM....I think everyone needs to take a good look at that and think where that image may have come from...

Hardhatdan · #**2993** Posted **Feb 2, 2009, 6:09 AM**

Quote:

Originally Posted by CMD UW

Hahahaha....

Ohhh WEM....I think everyone needs to take a good look at that and think where that image may have come from...

From heaven

Daveography · #**2994** Posted **Feb 2, 2009, 3:42 PM**

Quote:

Originally Posted by Hardhatdan

From heaven

If "Christmas in Wonderland" is heaven, then I'm going to go inject puppies with AIDS to ensure I don't end up there.

Coldrsx · #**2995** Posted **Feb 2, 2009, 3:44 PM**

did April 1st come early? haha

Kevin_foster · #**2996** Posted **Feb 2, 2009, 3:57 PM**

Quote:

Originally Posted by RTA

If "Christmas in Wonderland" is heaven, then I'm going to go inject puppies with AIDS to ensure I don't end up there.

hahah black humor on a monday morning, I love it

wco · #**2997** Posted **Feb 2, 2009, 3:58 PM**

From the Edmonton Journal:

Aecon Group Inc. said Monday it will acquire fellow construction and infrastructure developer Lockerbie and Hole Inc. for $220-million to expand its footprint in Western Canada, including the Alberta oil-sands.

The terms of the cash-and-stock deal value Lockerbie shares at $8, representing a 30% premium over the Edmonton-based civil construction firm's closing price on the Toronto Stock Exchange Friday. Shares in Aecon closed trading on the TSX at $10.25.

"We believe this is a unique opportunity for Aecon to secure a leading position in the mechanical/electrical and water/wastewater markets in Western Canada," said Scott Balfour, Aecon's president and chief financial officer, in a statement, adding the takeover builds "on our strength in Western Canada's industrial markets, including the ongoing maintenance requirements of existing oil sands infrastructure."

The deal follows the announcement by the federal government last week of a two-year, $12-billion spending spree on infrastructure such as new roadwork, bridges and other public projects in an effort to boost the economy.

Tendered Lockerbie shares will receive 75% in cash and the rest in stock, Toronto-based Aecon said. The deal is expected to close in April.

Gordon Panas, Lockerbie chief executive, will join Aecon as chief financial officer upon completion of the deal, which Mr. Balfour said was a "key component" of the transaction.

link: http://www.edmontonjournal.com/business/fp/Aecon+Lockerbie+million/1244178/story.html

240glt · #**2998** Posted **Feb 2, 2009, 5:18 PM**

That WEM drawing is hilarious.

To be honest I could care less what that place looks like. WEM is so tacky now anyways, why not take it over the top. It can't end up any uglier than that Balzac strip mall.

It looks like they are giving the lot to the east of McLeod bldg a facelift

Quote:

Job No 84027227-001: To replace and maintain the landscaping/fencing for the parking lot east of Ruth's Chris
9954 - JASPER AVENUE NW
Plan NE Lot 16
9936 - JASPER AVENUE NW
Plan NE Lots 14-15
9964 - JASPER AVENUE NW
Plan NE Lot 17
9986 - JASPER AVENUE NW

I understnand that the LRT runs under there making development of the lot difficult. At least they're trying to pretty it up a bit.

Coldrsx · #**2999** Posted **Feb 2, 2009, 5:21 PM**

^east of the WTC Edmonton you mean...

I recognize the challenges there, but wow would that be such a prime candidate for a new 25 storey hotel.

Coldrsx · #**3000** Posted **Feb 2, 2009, 5:25 PM**

pretty big news...

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Edmonton's Lockerbie and Hole sold to Aecon

EDMONTONJOURNAL.COMFEBRUARY 2, 2009 10:17 AM

Gordon Panas, CEO of Edmonton-based construction company Lockerbie & Hole.
Photograph by: Walter Tychnowicz, Edmonton Journal
EDMONTON – Lockerbie & Hole (TSX: LH), one of Edmonton's oldest companies, is being acquired by Toronto construction giant Aecon Group (TSX: ARE) for $220 million.

The cash and shares deal represents a 30 per cent premium to Lockerbie's closing price of $6.15 Jan. 30.

"We quickly saw that the Aecon and Lockerbie management teams share a common set of values, and that the increased scale and breadth of the combined company will provide a great environment for the continued growth and development of the Lockerbie team," said Lockerbie CEO Gordon Panas.

Lockerbie, one Canada's largest mechanical contractors with roots dating back to 1898, will be able to offer more integrated services to its clients and provide a stronger platform for continued growth, Panas said.

Panas will be executive vice-president and CFO in the combined company, while chairman and former CEO J.D. Hole will join the board.

The news sent Lockerbie shares up 27 per cent in morning TSX trading. Aecon president Scott Balfour said the deal "brings significant opportunities to leverage the complementary skills and client relationships of both companies."

Aecon's civil and utilities capabilities will augment Lockerbie's water, wastewater and mining operations, as well as applying Aecon's power generation experience to Lockerbie's market strength in the west, he said.

Both boards have unanimously approved the deal, scheduled to close in April pending approval by Lockerbie's shareholders. About 29 per cent of shares, held by the board and management, and L&H Holdings Corp., are committed to supporting the deal.

With the addition of Lockerbie's 400 salaried and 2,500 peak hourly workers, the new company will employ about 9,000 people.

Aecon said the deal will be financed without debt through a cash payment and the issuance of about $55 million in shares.

© Copyright (c) The Edmonton Journal

http://www.edmontonjournal.com/business/Edmonton+Lockerbie+Hole+sold+Aecon/1244480/story.html