Experts see tight commercial market

The Anchorage commercial real estate market should continue a trend this year of low vacancy in office and warehouse space, according to a panel of industry officials.

Also, several new commercial construction projects expected to begin this year or be completed in 2001 could affect the market.

Some of these projects and future development in Anchorage should be compatible with the city’s comprehensive plan, outlining strategies for area growth.

Industry leaders also cited a possible new Lowe’s store in South Anchorage.

Stevens puts missile defense, ANWR atop list

Funds to begin construction of a radar station at Shemya as part of a National Missile Defense system should be released "by the end of March," according to Alaska Sen. Ted Stevens.

Stevens, a Republican, considers the missile defense system one of his top priorities for 2001. Also on his list: pushing for the opening of the Arctic National Wildlife Refuge to oil exploration; settling issues dealing with Alaska fisheries; and supporting construction of a natural gas pipeline.

Dollars flow north

Alaska Rep. Don Young has a new assignment in Congress: chairman of the House Transportation Committee. Given Alaskans’ concerns with maritime, surface and aviation issues, this committee is fully as important to the state as the Resources Committee that Young chaired in the last Congress.

Young remains a member of the Resources Committee, and as the ranking Republican, will be vice chairman of that committee, now chaired by Rep. Jim Hansen, a Republican from Utah.

Web site helps Bristol Bay fishing business expand in Germany

trade.jpg A Bristol Bay commercial fishing family is building its business by selling Alaska salmon lox and filets in Germany via the Internet.

The Great Ruby Fish Co., run by the Adams family, has been selling its sockeye salmon product to Germany for two years, said Kevin Adams, who handles public relations and sales for the company.

A German language Web site, launched six months ago, has opened a new door for sales, he said.

Forest Oil ready to spend $85 million on Alaska, with most going to Cook Inlet

oilgas.jpg KENAI -- Cook Inlet will see the lion’s share of the $85 million that Forest Oil Corp. plans to spend in Alaska this year.

Denver-based Forest Oil completed its purchase in December of Forcenergy Inc , which last summer installed the Osprey Platform near West Foreland in western Cook Inlet. The majority of the $85 million will go to drill exploratory wells from Osprey and install production facilities onshore, said Gary Carlson, Forest senior vice president, Alaska division.

Business Profile: Northern Skies Federal Credit Union

Name of the company: Northern Skies Federal Credit Union

Established: 1967

Location: 5515 Arctic Blvd., Anchorage

Telephone: 907-561-1407

Major focus of services: Northern Skies Federal Credit Union provides consumer financial services including savings accounts and loans, but not commercial services or real estate first mortgages.

Murkowski goal is to open ANWR

Alaska Sen. Frank Murkowski returns to familiar turf in the new Congress this year. He again chairs the Senate Energy and Resources Committee, a panel of considerable importance in resource-rich Alaska. One of Murkowski’s top priorities remains the opening of the coastal plain of the Arctic National Wildlife Refuge to oil and gas exploration.

Calendar January 21, 2001

Confabs

The Greater Fairbanks Chamber of Commerce is holding its general membership luncheon at noon Jan. 23 at the Westmark Fairbanks. Patrick Poe, regional director of the Federal Aviation Administration, is the scheduled speaker. The luncheon cost is $11.25. For more information, call 907-452-1105.

Clinton forgoes ANWR monument status; developers 'optimistic'

oilgas.jpg JUNEAU -- State political leaders are breathing a collective sigh of relief after prevailing over conservationists pushing for more protection for the Arctic National Wildlife Refuge.

The White House announced Jan. 10 that President Clinton will not designate ANWR a national monument before he leaves office.

BP, state reach $34 million royalty settlement

BP has paid the state of Alaska an additional $34 million in royalties on North Slope oil and gas produced through 1999, Gov. Tony Knowles announced Jan. 2.

The payment concludes several audits of BP’s royalty obligations and represents 2.6 percent of the total royalties paid by BP from 1993 through 1999.

The payment was made on Dec. 29, 2000. More than $10 million of this amount, or almost 30 percent, will be deposited in the Alaska Permanent Fund, and the balance will go to the state’s general fund.

Keep your eye on these five trends

As the year kicks off and turbulence begins to rock the business and economic sectors, it may be time to cast a roving eye to the future, particularly as it affects marketers and their customers.

 A singularly reliable source for predicting business and societal change is the World Future Society at (www.wfs.org), that during the last decade has made predictions with a 95 percent accuracy rate.

Wage hike on Gov. Knowles list

JUNEAU -- Gov. Tony Knowles’ call for an increase in the minimum wage and for a trigger mechanism to raise new state revenue were unexpected parts of the State of the State address Jan. 10.

Knowles had spent a month highlighting different parts of his proposed budget and legislative priorities, a method Republican leaders have derided as management by press release.

Movers & Shakers January 21, 2001

movershakers.jpgJack McCann has joined Center 4 Interior Design as a business development supervisor specializing in furniture procurement opportunities. McCann has seven years experience in office systems furniture sales and marketing in Alaska. Center 4 Interior Design has hired Melissa McMillan as an interior designer.

City officials look to Memphis, shipping giants for economic development ideas

A contingent of Anchorage leaders was due to visit the headquarters of cargo giants FedEx and United Parcel Service this month as part of a tutorial in economic development.

The Jan. 15-21 trip features tours of FedEx facilities in Memphis, Tenn., and UPS facilities in Louisville, Ky.

The group also was expected to meet with city officials and airport managers there to learn how they promote their facilities to prospective and existing businesses.

Proposed regulations could endanger Alaska's shellfish, plant farm industry

Aquaculture is in its infancy in Alaska, but shellfish and plant farmers fear proposed regulations will doom the slowly growing industry. A few weeks ago the state Department of Fish and Game put growers on notice that it wants to limit the location of farms and require detailed information about native species living near potential sites.

This Week in Alaska Business History January 21, 2001

Editor’s note: "This Week in Alaska Business History" revisits events that shaped our past.

"Those who cannot

remember the past are

condemned to repeat it."

-- George Santayana, 1863-1952

20 years ago this week

Anchorage Times

Jan. 21, 1981

Men vote -- women can now join Petroleum Club

By Marnie Brennan

Times Writer

Women are eligible for membership in the previously all-male Petroleum Club of Anchorage following a vote of the membership.

Mailed ballots were counted Tuesday.

Editorial Cartoon January 21, 2001

 

 

 

 

 

Clinton OKs Murkowski's Alaska-Canada rail study

ANCHORAGE -- President Clinton has signed legislation creating a bilateral commission to study the feasibility of building a rail link between Canada and Alaska.

The legislation was sponsored by Sen. Frank Murkowski, R-Alaska.

It creates a 24-member commission, with half the members from the United States and the rest from Canada. The commissioners are to study the economic and technological feasibility of such a rail link.

Negotiations would have to be opened with Canada to encourage that nation to accept the measure and appoint its 12 members.

Movers & Shakers January 14, 2001

Juan Roederer of the University of Alaska Geophysical Institute received the Edward A. Flinn III award at a recent American Geophysical Union meeting in San Francisco. Roederer was selected by his peers from among the 8,500 scientists attending the meeting in recognition of his career of service to the scientific community and for creating the infrastructure needed to address global problems. Roederer, a professor emeritus at the institute, served as its director from 1977 to 1986.

 

Knowles lawsuit plans top state protests over Clinton's national forest road ban

timber.jpg ANCHORAGE -- Gov. Tony Knowles announced Jan. 4 that he’s ordered Attorney General Bruce Botelho to file a lawsuit against the Clinton administration for its "midnight-hour executive action" that cuts off nearly a third of the country’s federal forest lands to most logging.

The plan immediately affects the Tongass and Chugach national forests in Alaska.

Pages

Subscribe to Alaska Journal RSS