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Letter "B" » Brian Gordon Quotes
«We're looking for demand to continue to stabilize as projects move forward. It is slowing down, there's no doubt about it.»
«It really comes down to the dollars and cents of the transaction. There's a cost-benefit analysis that's run on each one of these properties.»
«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.»
«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.»
«Asking rents are going to continue rising in 2006 and beyond due to the increased cost of development. This is another example of a developer being required to shift design plans to meet the current economic conditions of the construction industry.»
«It's a mature market area that hasn't seen a lot of new investment. The low vacancy rates are being driven by a lack of new inventory and relatively strong densities. As a result, new retail centers are performing well in the area.»
«We simply cannot expect land prices to escalate at 80 percent per year while rents for office, retail and apartments are increasing in the 8 to 16 percent per year range.»
«Visitor volumes continue to press forward, while consumer spending is holding its ground. We estimate spending on gaming, lodging, dining and retail items posted healthy gains ranging from high single-digits to low double-digits during the first quarter of 2006.»
«We anticipate reasonable operating gains reported by the majority of operators in April. That having been said, we anticipate profit-taking by investors as valuations have reached new levels, which may cause a modest correction April.»
«Despite above average market expansions through the first quarter of 2006, the office sector held its ground as demand nearly matched new supply. The amount of space that came online during the current quarter matched last year's record-setting quarterly average, and was well above the nearly one-half million square feet quarterly average posted during the past decade.»