[Plugin: The Event Calendar PRO] Show an event on front page or echo something

I am trying to show a n event on the front page from a category and if it doesn’t exist echo coming soon, but it doesn’t show anything if the category has no post. Here is my code:

<?php

	global $post;
	$all_events = tribe_get_events(
		array(
			'eventDisplay'=>'all',
			'posts_per_page'=>1,
			'tax_query'=> array(
				array(
					'taxonomy' => 'tribe_events_cat',
					'field' => 'slug',
					'terms' => 'featured'
				)
			)
	)
	);

	foreach($all_events as $post) {
	setup_postdata($post);
	?>

<div id="column1">

		<div id="colthum"><img src="<?php echo bloginfo('template_url'); ?>/images/JrHigh.png" /></div>
<?php if (have_posts()) { ?>
			<div id="column1in">
	<h4><a href="<?php the_permalink(); ?>"><?php the_title(); ?> - <?php echo tribe_get_start_date($post->ID, true, 'M j, Y'); ?></h4>

				<?php the_excerpt(); ?></a>
			</div>
</div>
		<?php } else { ?>
<div id="column1in">
			echo 'Coming Soon';
</div>
		<?php } ?>

	<?php } //endforeach ?>
        <?php wp_reset_query(); ?>