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“We’ve had a number of inquiriews from manufacturers and industries out of Canada about looking at land in theUnited States,” said Ron owner of Doug Freeman Real Estater in Blaine, Wash., which is located along Interstatee 5 right at the Canadian “The overwhelming cause is that the land costxs in Canada have become so Eugen Klein, a broket in Vancouver, British Columbia, said industriaol property prices in the province have quadrupled in some areax over the past four years. He cited several other reasond why Canadian companies arelooking south.
“Down there,” he said, “there are also bettet tax advantages, capital gains rollovers, and better employment laws.” A strontg Canadian dollar also has providedsome muscle. Inquirie s really began to pick up when it drew even withthe U.S. dolla r in the fall of 2007, Freeman said. For manufacturere with lots of U.S. customers, a factoru in Washington means eliminating the red tape of sending products acrosd aninternational border, and lowerr transportation costs. Even a warehouses helps. “In a small way a lot of Canadiah companies are doing something we calla ‘pick and pack.
’ They may still be manufacturing productse in Canada, but they are buyingh warehouses in the United States and inventoryinb their products here,” Freeman said. The Washington outpostd often have a degree of separation from the Canadian Backin 2003, Golden Boy Foods, of B.C., opened a subsidiary calledd in Blaine. That same year in Wash., eight miles southeast of LLC setup operation. It callz itself a sister company to Intercontinental Truck Bodyof B.C. This year, opened in Blaine, notintg that about 40 percent of theparenf company’s ceramic tile business has been in the United States. The level of interest in U.S.
propert y is tied closely to the distance from theCanadian border. The Seattle offices of CB Richarde Ellis and saythey aren’t seeing any increase in interesg in the Seattle-Tacoma area. “Ther e hasn’t been much buying in Seattlee because ourcap (capitalization) rates are so low,” said Greg senior vice president of investmenyt sales for Grubb & Ellis in The Canadians want commercial properties that can perfork on their own without the extra boost of the exchange rate, he said. Farther the change is more noticeable.
“We’r seeing a little more interest,” said Don Wick, executive director of the of Skagit County, located in Northwest “Certainly if the dollaf continues to be weak, I assume we are goingh to see more activity from That’s just logic playing Canadian interest had already been noticeablde for several decades, said Ron Bennett of Ron Bennet t Commercial Real Estate in Wash. “In commercial, they have been very activew down here because a lot of the Canadiansw over the years have put fundsin U.S. bankas down here,” he said. “About 30 percengt of the people who come in here are Of that 30 about 50 percent are vacangland speculators.
I would say another 10 percenty arebottom feeders.” The strong Canadiann dollar allows them to come in with strong but they aren’t walking in the door readu to pay full price, he said. Some buy largd projects such as apartmenft complexes andretail centers, but the primaryy focus is on distribution centers and “In Bellingham we don’t have a lot of retaik land or light industrial in our inventory,” Bennett “When you don’t have a lot of land in of course the price goes up anyway.” Righ t next to the Canadian border, the surges in inquiries is most evident. “It’s not an anomaly.
It’s a definite trend, probablyy in the last year or saidNancy Jordan, executive director of the . One of the firsyt things her office does is make sure the companiew are in contact with immigration attorneys and accountantx who understand the complexitiesof cross-border taxation. The economicv impact goes beyond commercialreal estate.
Thursday, April 12, 2012
Tuesday, April 10, 2012
Former Onyx boss Renton joins Affymax board - Washington Business Journal:
aaekipolo.blogspot.com
Hematide is in a Phase III Renton led Onyx for nearly15 years, stepping down in Februaruy 2008 as president, CEO, chairmam and a member of Onyx’s At the company, he helpesd negotiate a research, development and commercializatio n partnership with that resulted in the anti-cancer drug Nexavar. Nexavar tablets, which cost about $5,00p0 a month in the Unitedc States and areapproachingv $1 billion in annual sales, are approved in more than 80 countriexs to treat kidney canceer and 70-plus countries for liver Prior to joining Onyx, Renton was presidenr and COO of Chiron, which acquired Cetuw in 1991. Renton had been president of Cetuswsince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentohn also serves on the boardsof , Cepheidd and the Special Olympics of Northern
Hematide is in a Phase III Renton led Onyx for nearly15 years, stepping down in Februaruy 2008 as president, CEO, chairmam and a member of Onyx’s At the company, he helpesd negotiate a research, development and commercializatio n partnership with that resulted in the anti-cancer drug Nexavar. Nexavar tablets, which cost about $5,00p0 a month in the Unitedc States and areapproachingv $1 billion in annual sales, are approved in more than 80 countriexs to treat kidney canceer and 70-plus countries for liver Prior to joining Onyx, Renton was presidenr and COO of Chiron, which acquired Cetuw in 1991. Renton had been president of Cetuswsince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentohn also serves on the boardsof , Cepheidd and the Special Olympics of Northern
Monday, April 9, 2012
Treasury limits bonuses at TARP recipients - Portland Business Journal:
gorbunovabowiper.blogspot.com
The new rules encourage these companies to award executivexs stock that must be held for a long periosd of timeand can’t be entirely converted to cash unti the TARP money is repaicd to the government. the department contends, will align “executives’ incentiveas with those of shareholdersand taxpayers.” Kennetu Feinberg, a mediator who led the September 11th Victim Compensation Fund, will review payments and compensation plans at companiesd that have received “exceptional assistance,” includinb AIG, Citigroup, Bank of Chrysler, General Motors, GMAC and Chryslet Financial.
TARP recipients also must allowe shareholders to vote on executiveecompensation packages. They also must disclose any perkz worth morethan $25,00p0 made to highly compensated employees and justify the benefit. The rules prohibit companies from providing payments to senior executives to cover taxes due on Treasury Secretary Tim Geithner said the Obamw administration also supports legislation that woulde require all public companies to give shareholderdsa non-binding vote on executivew compensation packages.
Congress also should give the Securitiesd and Exchange Commission the power to make compensatio n committeesmore independent, similar to standards in placwe for audit committees established by the Sarbanes-Oxle y Act. Geithner blamed executive compensatio practices asa “contributing for the financial “Incentives for short-term gains overwhelmed the checks and balances meant to mitigate against the risk of excesxs leverage,” he said. But, he “We are not capping pay. We are not settingt forth precise prescriptions for how companies should set compensation, which can often be counterproductive.
we will continue to work to develop standards that rewars innovation andprudent risk-taking, withoug creating misaligned incentives.”
The new rules encourage these companies to award executivexs stock that must be held for a long periosd of timeand can’t be entirely converted to cash unti the TARP money is repaicd to the government. the department contends, will align “executives’ incentiveas with those of shareholdersand taxpayers.” Kennetu Feinberg, a mediator who led the September 11th Victim Compensation Fund, will review payments and compensation plans at companiesd that have received “exceptional assistance,” includinb AIG, Citigroup, Bank of Chrysler, General Motors, GMAC and Chryslet Financial.
TARP recipients also must allowe shareholders to vote on executiveecompensation packages. They also must disclose any perkz worth morethan $25,00p0 made to highly compensated employees and justify the benefit. The rules prohibit companies from providing payments to senior executives to cover taxes due on Treasury Secretary Tim Geithner said the Obamw administration also supports legislation that woulde require all public companies to give shareholderdsa non-binding vote on executivew compensation packages.
Congress also should give the Securitiesd and Exchange Commission the power to make compensatio n committeesmore independent, similar to standards in placwe for audit committees established by the Sarbanes-Oxle y Act. Geithner blamed executive compensatio practices asa “contributing for the financial “Incentives for short-term gains overwhelmed the checks and balances meant to mitigate against the risk of excesxs leverage,” he said. But, he “We are not capping pay. We are not settingt forth precise prescriptions for how companies should set compensation, which can often be counterproductive.
we will continue to work to develop standards that rewars innovation andprudent risk-taking, withoug creating misaligned incentives.”
Saturday, April 7, 2012
Activating opportunities: ContentActive LLC - bizjournals:
aaekipolo.blogspot.com
Infovine, an outsourced communications servicew providerfor nonprofits, was founded in 2000. But by Januaruy 2006, Gaubert and Holland-Nelson — who was a marketing consultantf for thefirm — realized therw was value in spinning off Infovine’d Internet division. The division, they’d decided, no longer had as much in commonhwith Infovine’s core business since it had more of a businesw focus as opposed to a nonprofit one. So the pair, along with a third partner, Alvin An, startesd what was then called Infovine Interactive and became LLCin 2007. ContentActivwe is focused on creating Web-based content managemeny systems, or CMS, for organizations.
Besides contentg management, ContentActive also provides intranets, extranets and paymentds systems, and performs document It also provides Web design throughits RentTheSite.comn division. Gaubert, CEO, and chief operating officer and president, have grown the companu to 16 employees. Revenue climbefd to $1.4 million in 2008 from $1 million in 2007. Profitable since its first year, ContentActive included among its clientsthe , and ContentActive received a Houstomn Business Journal Fast Tech 50 Award in 2006, 2007 and and was named to its list of Top Web Developeres in 2007 and 2008.
“Part of the secretf is that we built aproduct that’s very flexibles from a design and functionality standpoint,” Gaubertr says. “It allows us to be very creative in terma of defining a strategy for our customers and enabling them to communicat more effectively withthei constituents.” The firm also hasn’t spent much time or moneh on marketing outside of networking and partnerships. Gaubertf credits Holland for beinga “veryu good prospector.” “We do in-person networking, online networking and are very involvecd in the community,” he says.
Alan Croley, senio vice president at , has serves as ContentActive’s banker since its inception. “From what I understand, although they have done some most of their clientsa come fromother clients,” he says. “When clients have needs, they research and try to figure out bette r ways ofdoing things. They’ve alway been good at that.” In addition to beiny active in thebusiness community, ContentActiv also supports nonprofits.
Apart from altruistic reasons fordoing this, Holland-Nelson believes supporting nonprofitzs shows people that ContentActive “ias a solid company that can give Another way the company has won business has been by partnerinb with creative agencies, which essentially serve as But, according to Gaubert, it took the companty a little too long until mid-2007 — to realize the importance of such “One of our biggest mistakes is that we didn’gt do it sooner,” he says. ContentActivr put together a partner program so that instead of hirinyg fromthe outside, creative agencies coulds simply outsource work to ContentActive.
By the end of last customer additions resulting from the partner prograj represented 65 percentof ContentActive’es revenue.
Infovine, an outsourced communications servicew providerfor nonprofits, was founded in 2000. But by Januaruy 2006, Gaubert and Holland-Nelson — who was a marketing consultantf for thefirm — realized therw was value in spinning off Infovine’d Internet division. The division, they’d decided, no longer had as much in commonhwith Infovine’s core business since it had more of a businesw focus as opposed to a nonprofit one. So the pair, along with a third partner, Alvin An, startesd what was then called Infovine Interactive and became LLCin 2007. ContentActivwe is focused on creating Web-based content managemeny systems, or CMS, for organizations.
Besides contentg management, ContentActive also provides intranets, extranets and paymentds systems, and performs document It also provides Web design throughits RentTheSite.comn division. Gaubert, CEO, and chief operating officer and president, have grown the companu to 16 employees. Revenue climbefd to $1.4 million in 2008 from $1 million in 2007. Profitable since its first year, ContentActive included among its clientsthe , and ContentActive received a Houstomn Business Journal Fast Tech 50 Award in 2006, 2007 and and was named to its list of Top Web Developeres in 2007 and 2008.
“Part of the secretf is that we built aproduct that’s very flexibles from a design and functionality standpoint,” Gaubertr says. “It allows us to be very creative in terma of defining a strategy for our customers and enabling them to communicat more effectively withthei constituents.” The firm also hasn’t spent much time or moneh on marketing outside of networking and partnerships. Gaubertf credits Holland for beinga “veryu good prospector.” “We do in-person networking, online networking and are very involvecd in the community,” he says.
Alan Croley, senio vice president at , has serves as ContentActive’s banker since its inception. “From what I understand, although they have done some most of their clientsa come fromother clients,” he says. “When clients have needs, they research and try to figure out bette r ways ofdoing things. They’ve alway been good at that.” In addition to beiny active in thebusiness community, ContentActiv also supports nonprofits.
Apart from altruistic reasons fordoing this, Holland-Nelson believes supporting nonprofitzs shows people that ContentActive “ias a solid company that can give Another way the company has won business has been by partnerinb with creative agencies, which essentially serve as But, according to Gaubert, it took the companty a little too long until mid-2007 — to realize the importance of such “One of our biggest mistakes is that we didn’gt do it sooner,” he says. ContentActivr put together a partner program so that instead of hirinyg fromthe outside, creative agencies coulds simply outsource work to ContentActive.
By the end of last customer additions resulting from the partner prograj represented 65 percentof ContentActive’es revenue.
Thursday, April 5, 2012
MSU provost up for chancellor's job at the University of Hawaii-Manoa - Lansing State Journal
hihozeima.blogspot.com
MSU State News | MSU provost up for chancellor's job at the University of Hawaii-Manoa Lansing State Journal Michigan State University Provost Kim Wilcox is one of four finalists for the chancellor's position at University of Hawaii-Manoa, the oldest and largest of Hawaii's three public universities. รข€œMany of the best years of my life were affiliated with ... 4 vie for Univ. of Hawaii at Manoa chancellor Wilcox nominated for position at UH Manoa Chancellor candidates to visit UH Manoa campus |
Tuesday, April 3, 2012
Penguins - Red Wings Stanley Cup games provide boost for hotels, restaurants - The Business Review (Albany):
edovogopu.wordpress.com
According to VisitPittsburgh, each home game between the and the Detroirt Red Wings brings anestimated $4.9 million in economic impact, whetheer its from hotel stays, meals at restaurants or other A number of hotels are fully booked, includinfg the Omni William Penn, which hosts the NHL’es management, the , with the caveat that it alway s sells out Tuesdays and Wednesdays anyway to businesas travelers, and the . Tom Martini, the general managefr for the Westin ConventionCenter Hotel, located Downtown, describesd the added boost of Stanleyy Cup-related guests. “We would’ve been busy but we wouldn’tt have been selling out,” he said.
“This has allowed us to fill up theentirr hotel, all 616 rooms.” Martini and other hotelo operators emphasized the added jolt of unexpected business comex during an otherwise down year from hotek business following a strong 2008, which also featurefd a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’s favoritw flightless birds. Bob Page, the area directo of sales and marketingfor Omni, said the NFL’s coterie of league officials, along with media, has broughf an increase in occupancy beyond the two game comparable to the business generated from a strong home playoff run by the , althougu not topping it.
“It’s not to the degree of probablyh theAFC championship, but it’s still great business for us,” he said. “It’s sellintg us out.” The story is a littlwe more complicated for local restaurantsand bars. John owner of The Common Plea, located estimated the restaurant has seen a 25 percent increass when the Penguins are playing playoff gamesin town. But when the team is playingf away, the hockey fan diners stay “We’ve seen increases when they’re here,” said Barsotti, who estimate d his 2009 business is up by 25 percent over last despitethe recession.
“But on the opposite we see a little bit of a decreasr when they go outof town.” Chrias Dilla, owner of Bocktown Beer and Grill, in Nortb Fayette, said it can be tricky for her operatio to jump from a busy nightr of a hockey game to extra slow night when there isn’t one. She expects that plenty of customerz are struggling to go the distance withthe seven-game “It’s hard for the business because people don’r have the money to be out everyg other night,” she said. “It tends to be that peoplde who watch the playoffs really have to watctheir pennies.
”
According to VisitPittsburgh, each home game between the and the Detroirt Red Wings brings anestimated $4.9 million in economic impact, whetheer its from hotel stays, meals at restaurants or other A number of hotels are fully booked, includinfg the Omni William Penn, which hosts the NHL’es management, the , with the caveat that it alway s sells out Tuesdays and Wednesdays anyway to businesas travelers, and the . Tom Martini, the general managefr for the Westin ConventionCenter Hotel, located Downtown, describesd the added boost of Stanleyy Cup-related guests. “We would’ve been busy but we wouldn’tt have been selling out,” he said.
“This has allowed us to fill up theentirr hotel, all 616 rooms.” Martini and other hotelo operators emphasized the added jolt of unexpected business comex during an otherwise down year from hotek business following a strong 2008, which also featurefd a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’s favoritw flightless birds. Bob Page, the area directo of sales and marketingfor Omni, said the NFL’s coterie of league officials, along with media, has broughf an increase in occupancy beyond the two game comparable to the business generated from a strong home playoff run by the , althougu not topping it.
“It’s not to the degree of probablyh theAFC championship, but it’s still great business for us,” he said. “It’s sellintg us out.” The story is a littlwe more complicated for local restaurantsand bars. John owner of The Common Plea, located estimated the restaurant has seen a 25 percent increass when the Penguins are playing playoff gamesin town. But when the team is playingf away, the hockey fan diners stay “We’ve seen increases when they’re here,” said Barsotti, who estimate d his 2009 business is up by 25 percent over last despitethe recession.
“But on the opposite we see a little bit of a decreasr when they go outof town.” Chrias Dilla, owner of Bocktown Beer and Grill, in Nortb Fayette, said it can be tricky for her operatio to jump from a busy nightr of a hockey game to extra slow night when there isn’t one. She expects that plenty of customerz are struggling to go the distance withthe seven-game “It’s hard for the business because people don’r have the money to be out everyg other night,” she said. “It tends to be that peoplde who watch the playoffs really have to watctheir pennies.
”
Sunday, April 1, 2012
BDSI shares jump on FDA update - Triangle Business Journal:
zyluzugizovota.blogspot.com
Shares of BDSI (Nasdaq: BDSI) reached as high as $8.29 on Monday morning before settling backto $6.83, up just 1 as the close of a rougjh day for the The company said that although the FDA did not take actiom on the drug by June 12, as expected, a revieaw team told the company that the FDA will not be issuiny a review extension because the agencyh expects to take action on the drug applicationh soon. The only outstanding requirement for Onsoliz is approval ofa “risk evaluatiom and mitigation strategy” or REMS, a plan to managr possible risks associated with a drug. The plan is now a requiremenr for allopioid drugs.
Onsolis is a smalkl disk placed on the insidw of the cheek that deliversthe pain-killing drug Fentanyl. It is used for breakthroughh pain experienced bycancer patients. CEO Mark Sirgio said in a statement that the FDA neede a little more time to complete its which is consistent with other drugs that have require da REMS. Sirgo also said that some warrantx have been exercised in the last several which should allow the company to continue its work withouf anyadditional financing.
Shares of BDSI (Nasdaq: BDSI) reached as high as $8.29 on Monday morning before settling backto $6.83, up just 1 as the close of a rougjh day for the The company said that although the FDA did not take actiom on the drug by June 12, as expected, a revieaw team told the company that the FDA will not be issuiny a review extension because the agencyh expects to take action on the drug applicationh soon. The only outstanding requirement for Onsoliz is approval ofa “risk evaluatiom and mitigation strategy” or REMS, a plan to managr possible risks associated with a drug. The plan is now a requiremenr for allopioid drugs.
Onsolis is a smalkl disk placed on the insidw of the cheek that deliversthe pain-killing drug Fentanyl. It is used for breakthroughh pain experienced bycancer patients. CEO Mark Sirgio said in a statement that the FDA neede a little more time to complete its which is consistent with other drugs that have require da REMS. Sirgo also said that some warrantx have been exercised in the last several which should allow the company to continue its work withouf anyadditional financing.
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