ClubLink acquires land for new golf courses

Article Abstract:

ClubLink Corp. of King City, in Ontario, Canada, has completed the acquisition of land in Muskoka near Toronto, in Ontario, Canada. This will permit ClubLink to produce five new resort golf courses there. ClubLink president and chief executive officer Bruce Simmonds noted that the sport of golf is turning into the basic feature for marketing high-end resorts, particularly for corporate conferences. ClubLink has been collaborating with GolfSouth LLC of Greenville, SC, to identify new properties in the Carolinas and the mid-Atlantic states to develop into golf courses.

Comment:

Has been collaborating with ClubLink Corp. to identify new properties in Carolinas and mid-Atlantic states

Facilities & equipment, Alliances, partnerships, South Carolina, Membership Sports & Recreation Clubs, Other Amusement and Recreation Industries, Sports clubs, ClubLink Corp., GolfSouth LLC (SC)

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Condos at crossroads?

Article Abstract:

The condominium industry in Toronto, Ontario, faces a growing concern that it is moving toward an end in boom that has gripped the market for two years because of an oversupply. The region represents the condo capital of Canada, but a huge inventory of projects and a slow down of sale threatens the industry despite showing success. The high sales of condos, with an average going rate starting from C$200,000, is attributed to single professionals and young couples making lifestyle choices to line minutes from work and near to restaurants and their favorite places.

Comment:

Otario: Condominium industry in Toronto faces growing concern it is moving toward an end in two-year boom because of oversupply

Market information - general, Multifamily Housing Construction, Condominiums, Residential construction

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Med-Chem lenders demand repayment of $40-million

Article Abstract:

Med-Chem Health Care Ltd., a blood-testing laboratory based in Toronto, Ontario, is being asked by lenders to pay its $40-million debt. Med-Chem stated that it is currently searching for other sources of funding that will capacitate the company to repay its lenders. Med-Chem VP of corporate development, Aubrey Pancer, declared that if compulsory, the company is ready to seek protection under the federal Companies' Creditors Arrangement Act. The Toronto Stock Exchange is presently reviewing Med-Chem's eligibility for continued listing.

Comment:

Is being asked by lenders to pay its $40-mil debt

Financial management, Scientific Research and Development Services, R&D Facilities, Laboratories, Med-Chem Health Care Ltd.

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