Brian Gordon
Brian Gordon
Brian Ernest Gordonis an American professional baseball pitcher who is currently a free agent. He has played for the Texas Rangers and New York Yankees of Major League Baseball, as well as SK Wyverns and Samsung Lions of the Korea Baseball Organization in South Korea...
asking beyond conditions continue cost current design developer due economic example increased meet plans required rising shift
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.
acquire activity concern developers drives feed future investment lack land looking market pay pipeline prices vacant willing
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.
area centers driven inventory lack low market mature performing rates relatively retail seen strong
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.
gaming understand
It's an experienced group, particularly in the gaming sector. They understand the market.
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Any time you talk about rising costs for certain necessities it is a cause for concern. It's particularly difficult for seniors who are on tight, fixed incomes.
achieve buildings industrial lack months office pace pricing sale sector seen selected similar witnessed year
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.
apartments cannot expect increasing land percent prices retail simply year
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.
compared performance previous tremendous
Wow, what a tremendous performance, particularly compared with the previous year,
extended given good higher increased likely locations period potential projects rising risks sales strong teams
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.
cannot good guys hard love teams
You cannot give good teams like Troy 26 or 27 outs. These guys are all hard workers. They all love the game.
activity amount compared completed demand expect half historical pace relatively remained second somewhat space stable supply year
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.
consumer continue dining estimate gains healthy high holding items low posted press quarter retail spending visitor volumes
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.
capture critical developing foot heart mass project properties site traffic vegas
Developing a critical mass at that site is paramount. The project is not going to capture foot traffic like we see in properties on or adjacent to the heart of the Las Vegas Strip.
absorb currently demand expected forward future market move percent projects
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.