+ just thinkin’ - lease renewal a year or two out is not/should not be a barrier to re-working a lease.Landlords have a lock, that’s true – with the challenges of subleasing pricey space in a flooded market, so a new deal, a relocation, a re-think – has never made more sense for a lot tenants who are studying their value-for-money issues to right-size now, rather than later.Landlords, whose number one job is tenant retention have rarely been as receptive.
+ just thinkin’ - off-shore drilling is an interesting melodrama – as US authorities, drilling companies and the courts wrestle over whether it will be a week or moratorium, or moratorium lifting or flip/flopping . . . as if a clear position either way is going to foster offshore drilling rejuvenation; imagine if there will be a time when any insurance company wants to touch that risk again . . . or at least not any time soon.Therefore, companies will drill in locations where they can insure their exposure.
INFRASTRUCTURE / P3 / GREEN / LEED
+ Hopewell Highway Infrastructure Ltd a toll-road infrastructure company, to issue yuan-denominated corporate bonds to institutional investors, first of its kind in Hong Kong
+ interest in LEED certification is resulting in certification delays; in May/2010 alone, more than 2000 projects registered and more than 450 have submitted for LEED certification – which makes me wonder, are LEED designation applications effective in attracting tenants, or is the real proof in the operating costs? In other words, are developers seeking the certification out of genuine concern for smaller carbon footprints, or as a marketing tool only?
POINTS to ponder
June/2010 -Timothy Geithner warned "of the risk to the fragile global recovery of withdrawing stimulus too soon." Geithner said that while the global economy was coming out of the fires of the crisis, "the scars of this crisis are still with us."This Summit must be fundamentally about growth," he noted, adding, "our challenge, as the G-20, is that we all need to act to strengthen the prospects for growth." He indicated that "this will require different strategies in different countries." Geithner noted that for growth to be sustainable in the future, we "need to act together to strengthen the recovery" and finish the job of repairing the damage of this crisis.
An economist's logic: A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun. Finally he said, ' OK see that big mountain over there?' 'Yes', answered the others eagerly. 'Well, according to the map, we're standing on top of it.'
‘Economists give their predictions to a digit after the decimal point to show that they have a sense of humor.’ – unknown
‘Predictions is very difficult, especially if it’s about the future.’ – Niels Bohr
‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it.And if it stops moving, subsidize it.’ – Ronald Reagan
‘The gap in our economy is between what we have and what we think we ought to have – and that is a moral problem, not an economic one.’ – Paul Heyne
‘Men do not realize how great a revenue economy is.’ – Marcus Tullius Cicero
‘In ancient times they had no statistics, so they had to fall back on lies.’ – Stephen Leacock
OFFICE & INDUSTRIAL LEASING
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).
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