It's an experienced group, particularly in the gaming sector. They understand the market. |
Las Vegas has never been hotter, which shows in the gaming numbers through the end of the year. The casinos had record revenues of nearly $1 billion a month in gaming win, which is the best the state has ever seen. |
Most of the films we show this is the only chance you'll get to see them on the big screen. Some may end up on TV and some will end up on cable, but here?s the chance to experience the film the way it was meant to be seen. |
National consumer confidence levels continued to climb through the end of April. The tourism-related sector posted reasonable gains in total visitation during the past three months. |
Only 35 to 40 percent of future projects are expected to move forward by 2010. There is insufficient market demand to absorb all of the units currently in the development pipeline. |
Plus, (MGM Mirage) is enjoying corporate efficiencies as part of the merger -- eliminating duplicate positions and integrating the different brands into the MGM (Mirage) operation. |
Reservations don't equal sales. There are several investors placing refundable deposits on multiple projects around town. But when it comes time to sign the contract, they will often re-evaluate their selection. |
Stable demand and rising land values have placed upward pressure on pricing resulting in a 14.4 percent increase in average asking rates in only six months. With robust sales activity and mom-and-pop operators seeking expansion opportunities, we believe there is room for additional increases in newly constructed retail centers. |
The industrial real estate market completed one of its strongest demand cycles in history as several factors ignited the fire. For projects coming on line in 2005, record-low interest rates during the design phase 12 to 18 months prior provided additional incentive for development and absorption. |
The lack of availability has the industrial sector experiencing a feverish pace of transactions, similar to the residential sector 18 months ago. We have seen the sale of selected industrial buildings achieve per-square-foot pricing witnessed in the office sector just one year ago. |
The numbers we're looking at represent phenomenal growth rates, not likely to be duplicated in any other industry. |
There's a lot of speculation and a lot of investment activity going on in the vacant land market here and that drives prices north. There's concern over the lack of developable land so they're willing to pay premiums. Residential developers are looking to acquire as much land as they can to feed their pipeline for future development. |
They haven't disclosed their long-term impact, frankly, because they don't know it yet. It's an unknown timeline for redevelopment right now. |
Those projects with an extended sales period have higher development risks given the increased potential for rising construction costs. Those projects with experienced, well-financed development teams as well as strong locations and good branding are more likely to succeed. |
Through the first half of 2005, supply and demand has remained in relatively stable balance. However, compared to historical activity levels, the amount of space completed this year has been somewhat modest, but we expect the pace to quicken during the second half of this year. |