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Hospitality Sales Hit New High in 2018
Research & Forecast Report LAS VEGAS | HOTEL Q4 2018 Hospitality Sales Hit New High in 2018 > As year’s end, hospitality sales volume was highest in four years > Gaming revenue continued to improve, hitting highest level Economic Indicators since 2007 AIR CONVENTION RevPAR > Visitor volume continued its downward trend Passengers Attendance You could say Southern Nevada’s hospitality sector in 2018 was +15.6 better than the 10-year average, but down from the past two years. +11.7% While this assessment is basically correct, it misses some important details. Visitor volume and room occupancy have decreased over the Nov +4.5% 2018 past two years after peaking in 2016, but gaming revenue, taxable sales and passenger traffic at McCarran International Airport were up over the same period. Southern Nevada looks to be experiencing a Market Indicators slight slowdown in post-recession growth, but not a significant reversal. Relative to prior period Q4 2018 Q1 2019* Visitor volume in October 2018, the most recent month of statistics Room Inventory available, was 35.4 million people year-to-date. This represented Room Occupancy year-over-year growth of negative 1.0 percent. Year-to-date, Average Daily Rate Southern Nevada had negative 1.2 percent growth in citywide occupancy, negative 0.1 percent growth in the Average Daily Room Revenue Per Available Room Rate (ADR) and negative 1.4 percent growth in Revenue Per Available *Data Not Available Room (RevPAR). Summary Statistics Revenue Per Available RevPARRoom (RevPAR) Las Vegas Market Q4 2017 Q3 2018 Q4 2018 $125.00 Room Inventory 141,853 142,182 142,781 $120.00 $115.00 Room Occupancy 84.0% 88.6% 91.4% $110.00 Average Daily Rate $125.11 $123.66 $142.43 $105.00 Revenue Per Available Room $105.53 $109.54 $130.18 $100.00 $95.00 4 Q 2016 1 Q 2017 2 Q 2017 3 Q 2017 4 Q 2017 1 Q 2018 2 Q 2018 3 Q 2018 Through September 2018, taxable sales in the leisure and hospitality Sales sector was $8.8 billion dollars. -
Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015
Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 EXCLUSIVE ADVISORS Matthew Patros Associate - Sales & Leasing 702.941.7380 [email protected] 5960 South Jones Boulevard Las Vegas, Nevada 89118 T 702.388.1800 F 702.388.1010 www.mdlgroup.com THE OFFERING MDL Group is pleased to offer an exceptional opportunity to purchase Express Plaza, a Retail Center located at 716-720 Center Street in Henderson, NV. The property is currently at 91% occupancy with an excellent mix of tenants. INVESTMENT HIGHLIGHTS SUMMARY °Excellent Value-add opportunity: 80% of tenants signed leases at well below Asking Price $1,600,000 market rents. Price PSF $125 °Excellent Visibility: The property features strong curb appeal and excellent NOI $110,947 visibility off both Major Ave and Center St. Cap Rate 6.93% °Below Replacement Cost: Price per square foot is well below current Occupancy 91% estimated replacement cost. SF ±12,700 °Direct Access: Multiple access points off Center St. and Major Ave. and direct Year Built 2007 access to the hard corner 7-11. Site Size 1.53 Acres °Value Add Opportunity: Below market rents present opportunity for an investor to capture increased revenue. The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY OVERVIEW PROPERTY LOCATION Express Plaza is located in the Southeast submarket, the property is sit- Property Type Inline Retail uated ½ mile East of Boulder Hwy. and ½ mile South of Cadence Master planned community at the Northwest corner of Burkholder Blvd. -
Business Voice October 2019 Las Vegas Metro Chamber of Commerce Red - President’S Club Member
Representing Nevada's Employers in Washington, D.C. Page 13 Your Future, Our 401(k) Plan – Join Now What is VYP? Page 2 Page 20 MARY BETH SEWALD PRESIDENT & CEO ast month, the Las Vegas Metro Another exciting development in Washington, D.C. was Chamber led a delegation of more than our announcement of the new Interstate 11 Chambers L 150 business and community leaders of Commerce Coalition. The Las Vegas Chamber is from across Nevada for our annual joining with the Arizona Chamber of Business and Washington, D.C. Fly-in. It was a great Industry to bring chambers of commerce along the I-11 week of conversations and making connections with our corridor together to push for funding for the project. Nevada Congressional delegation and representatives This is an opportunity to share what this important from other states, as well as White House and U.S. route will mean to jobs and local businesses in each of Department of Labor officials and policy experts. these communities. We appreciate the Boulder City and Henderson chambers for being the first to join this We had several key take-aways. First, we were pleased group. with the announcement that there will be no funding for Yucca Mountain in 2020. While the Yucca Mountain We are moving ahead with two new initiatives at issue is by no means dead, no funding for it in either the Chamber. This month, we formally launch our the Senate or House Appropriations bills means the partnership with Hope for Prisoners and Workforce project cannot move ahead for at least another year. -
82% LEASED - TWO MULTI-TENANT PROFESSIONAL OFFICE BUILDINGS 8010 & 8020 West Sahara Avenue Las Vegas, Nevada 89117 Contents
CONFIDENTIAL OFFERING MEMORANDUM 82% LEASED - TWO MULTI-TENANT PROFESSIONAL OFFICE BUILDINGS 8010 & 8020 West Sahara Avenue Las Vegas, Nevada 89117 Contents Investment Contacts Charles M. Moore, CSM License: BS.36559.PC EXECUTIVE SUMMARY 03 .............................................................. Executive Director +1 702.688.6953 05 .............................................................. PROPERTY DESCRIPTION [email protected] Marlene M. Fujita, CCIM 11 .............................................................. TENANT PROFILES Executive Director License: S.054013 15 .............................................................. MARKET OVERVIEW +1 702.688.6884 [email protected] 20 .............................................................. COMPARABLE MARKET SUMMARY Hunter Bradshaw Associate 25 .............................................................. LAS VEGAS MARKET SNAPSHOT License: S.187196 +1 702.688.6874 32 .............................................................. FINANCIALS [email protected] Helen Bejiga Brokerage Coordinator +1 702.688.6887 [email protected] © 2019 Cushman & Wakefield, Inc. All Rights Reserved. PROPERTY PHOTOS Capital Markets | Nevada Investment Team 8010 & 8020 WEST SAHARA AVENUE :: EXECUTIVE SUMMARY 3 THE OFFERING Cushman & Wakefield is pleased to present for purchase a ±47,956 square foot multi-tenant professional office park located at 8010 & 8020 W. Sahara Avenue in Las Vegas, Nevada. This asset, comprised of two (2) two-story buildings situated -
Summerlin Helping out Local Teens!
YOURYOUR COMMUNITYCOM NEWS FROM THE SUMMERLIN COUNCIL August 2021 Summerlin Helping Out Local Teens! Drive-Thru Donations for Project 150 AUGUST 13, 4 TO 8 P.M.; AUGUST 14, 9 A.M. TO 1 P.M. VISTAS COMMUNITY CENTER PARKING LOT s school begins again this to create family meal boxes that Questions should be Emailed to A August, Project 150 con- are distributed each week and can [email protected]. tinues its mission to provide free feed a family of four for two days. Th anks in advance for your support and services to homeless, In addition, there is an urgent support of our community and displaced, and disadvantaged high need for men’s casual clothing Project 150. school students in Nevada. To and tennis shoes. New, packaged help our local teens during this underwear (any style, in adult sizes Most Needed Items Include: time, Summerlin residents are en- XS to XXL) are also always needed. • Men’s casual clothing • Pancake mix couraged to participate in the Items can be dropped off during • Syrup “Drive-thru Donations for Project the following times: August 13 • Instant oatmeal • Cereal 150” event taking place August 13 from 4 to 8 p.m.; and August 14 • Canned meat, vegetables, fruit and 14 in the Vistas Community from 9 a.m. to 1 p.m. • Canned ravioli or spaghetti • Boxed macaroni and cheese Center parking lot. All donations should be bagged • Soup Th roughout this unprecedented and placed in the trunk of your • Crackers • Pasta & Pasta sauce public health event, Project 150 car so a Summerlin Council emp- • Rice has worked tirelessly to support loyee can accept these items in a • Chili • Beans disadvantaged high school stud- contactless manner. -
Las Vegas Ballpark
FOR IMMEDIATE RELEASE Download high-resolution versions of these photos. LAS VEGAS BALLPARK Metal wall panels add major appeal to best-of-the-year minor league ballpark Minor league baseball has been in the middle of a building boom the past few years, as local communities and team owners are seeing value in raising the amenities level for their area stadiums. The Las Vegas Ballpark in Summerlin, Nev., home to the Triple-A Las Vegas Aviators franchise, is one of the latest entries to this list, with features that include a swimming pool, breathable-mesh seating and a 126-ft.-wide LED video screen. Its design draws inspiration from both the surrounding desert and the aeronautical history of its corporate owner, the Howard Hughes Corp. Howard Hughes, himself, bought the 25,000-acre parcel that is now Summerlin in 1952, though development didn’t begin for the master-planned community until the 1980s, a decade after Hughes’ death. The $150 million stadium is a new anchor in Downtown Summerlin, a shopping, dining and entertainment district that opened in 2014. Fans first filled the new facility’s seats as the 2019 baseball season began. The local team, formerly the 51s, is also owned by the Hughes Corp. It was renamed the Aviators in 2019 with the stadium’s opening to honor that organization’s original aviation emphasis. Devin Norton, project designer with the San Francisco office of HOK, the stadium’s architects, says he wanted his plans to recognize both the unique qualities of the site and the corporation’s history. -
Brighton Collectibles and Dress for Success Southern
FOR IMMEDIATE RELEASE: July 11, 2018 Media Contacts: Amy Maier, [email protected], 702-904-0296 Brighton Collectibles and Dress for Success Southern Nevada Kick Off the 8th Annual Handbag Trade-In Event, starting this Friday All Las Vegas-area Brighton Collectibles Stores to accept handbag donations of any brand July 13-22 WHAT: As the partnership between Brighton Collectibles and Dress for Success Southern Nevada commemorates its eighth year, the organizations once again are inviting community members to donate their gently used or new handbags to any of Brighton's 10 Las Vegas store locations. Everyone who brings in a handbag donation (any size, any brand) will receive $25 off any Brighton handbag valued up to $249, or $50 off any Brighton handbag valued at $250 or more. At the end of the trade-in period, Brighton gathers all of the donated handbags from each location and cleans and refurbishes them before delivering them to Dress for Success Southern Nevada. WHEN: Friday, July 13 through Sunday, July 22, 2018 WHERE: Brighton Collectibles 10 Las Vegas area locations. Located in: The District at Green Valley Ranch, Downtown Summerlin, Town Square, Fashion Show Mall, The Forum Shops at Caesars Palace, Grand Canal Shoppes, Miracle Mile Shops, McCarran International Airport: Main Esplanade, C Gates and D Gates WHO: Media interviews available with: Paula Lawrence, Executive Director, Dress for Success Southern Nevada Anitra Ralph, Sales and Personnel Director, Brighton Collectibles Jusdean Flores, Store Director, Brighton Collectibles, Downtown Summerlin MEDIA: Please contact Amy Maier at [email protected] for interview and filming opportunities, including at Brighton Collectibles stores. -
Downtown Summerlin VISITOR UNEMPLOYMENT TRAFFIC at ALL-TIME 900 BPS HIGH to 5.0%
Discover the HHC Investment Opportunity FORWARD-LOOKING STATEMENTS Statements made in this presentation that are not historical facts, including statements accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “plan,” “project,” “realize,” “should,” “transform,” “would,” and other statements of similar expression and other words of similar expression, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements are based on management’s expectations, estimates, assumptions and projections as of the date of this presentation and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. In this presentation, forward-looking statements include, but are not limited to, expectations about the performance of our Master Planned Communities segment and other current income producing properties and future liquidity, development opportunities, development spending and management plans. We caution you not to place undue reliance on the forward-looking statements contained in this presentation and do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, -
2019 Perspective Business
LAS VEGAS GLOBAL ECONOMIC ALLIANCE 2019 PERSPECTIVE BUSINESS 4.7% 4.7K 4.7K 795 4.9% 884 4.7K 4.5K 0.8" 4.7% 872 894 29% 4.4% 3.5K 24% 13% 22% 5.0% 0.0" 4.7% 4.2K 0.2" 0.1" $ 820 904.9M 17% 19% 931 $ 3.8B 0.0" 4.4% 4.7K 0.0" 34% 5.1% 4.0K 3.6M $ $ 33% 3.7B 387.0K 752 .0K 3.6M 3.7M 3.6B 1 $ $ 839.0M 791.0M $ $ $ 388.5K 0.1" $ 825.3M $ 377.4K 400.0K 0.3" 260.0K $ $ 3.6B 888.3M $ 3.6M $ 3.6B $ 3.5M 259.9K $ 260.0K 389.0K $ 3.7B 3.9B $ $ $ 377.0K 265.0K $ 3.4K 3.5M $843.8M $ 3.7M 256.0K 28% 5.2% 265.0K $926.5M 4.4% $ $399.9K 31% $ 756.1M 0.2" 888.8M $ 3.7M 3.7B 843 3.0K $ $ 0.0" 359.6K$ 594 250.0K $265.0K JUN JUL $386.0K $3.2B AY AUG M S 3.5M $3.8B 3.1M PR ing Pric EP $265.0K $ s e 42% 892.0M $ $ A lo T 3.1K 365.6K 240.0K C ax O 4.5% R ian ab C $833.7M A d l T 0.2" edian e 901 1.5" e e M Cl 5.4% M o R $ 42% M m s 410.0K e o in e N 3.3K t N $ H g O E 3.3B B a 658 Y m ming R P V O E e T l a e i I l T F o G v $260.0K S I e r A 3.4M a S T s n ic G H D s S s R a 3.3M I u D $ A e o e 4.3B N G Vo r r l e l $ N u E T T I w M 239.9K R o m e I t N i C S e G A s N I U e P $ is I J E O S 358.2K N $ H 861.1M V C L M O E C L Y R C E O P L E M P O M M H O E E H N L U A W S E E N R POWERED BY: PERSPECTIVE COUNCIL 2019 LAS VEGAS PERSPECTIVE Business Economic Overview 140 Shopping Destinations 154 2018 Annual Average Labor Statistics 140 Downtown Summerlin 155 Gross Regional Product 140 Operating Costs 156 Diversity Index: Las Vegas MSA Employment 140 Total Annual High-Tech Operating Cost Rankings 156 2019 Boyd Corporate Site Selection Leading Indicator Poll -
Summerlin Brochure
10845 Griffith Peak Drive Suite 160 Las Vegas, NV 89135 BE PART OF SOMETHING BEAUTIFUL SUMMERLIN.COM 7.2020 SOME PLACES JUST Feel like Home It’s all right here. From the simple to the spectacular. From the silence of daybreak to the roar of the crowd. From the glow of The Strip to the awe of Red Rock Canyon. From quiet neighborhoods to buzzing blocks of fashion, dining, sports and entertainment. No matter where you turn, Summerlin presents inspiration in every direction, beckoning you to be part of something beautiful. Reverence Summerlin is 22,500 acres of master-planned perfection just waiting for life’s most beautiful moments. More than 150 miles of trails are carved into this desert oasis, meandering through hundreds of parks and More Planned the most diverse and stunning Perfection selection of homes in the city. for Years to Come. HIKE. BIKE. RUN. EXPLORE. GATHER. APPLAUD. PLAY. BREATHE. Vistas Pool SOME PLACES LET YOU Live out Loud. This is life lived out loud. Outside the box. Outside the lines, defined only by the outstanding backdrop of stunning Red Rock Canyon. With 300+ days of constant sunshine each year, life in Summerlin is as bold, beautiful and brilliant as it gets. Cottonwood Canyon Red Rock Loop SHOP. WORK. EAT. DRINK. Be. Fashionistas, foodies and fun seekers all gather on the bustling city blocks of Downtown Summerlin®, where residences, shops, sports, restaurants, bars and entertainment come together. When this stylish area is fully developed, the 400-acre walkable urban core will be home to even more excitement, as well as retail, office and luxe, high- density, urban-style residences. -
2021 SEASON TICKET GUIDE TICKET SEASON Aviatorslv Aviatorslv.Com 2 @ Las Vegas Ballpark |1650S.Pavilion Center Dr
2021 SEASON TICKET GUIDE @ aviatorslv aviatorslv.com aviatorslv My Account Executive: My Las Vegas Ballpark Seat(s): aviatorslv aviatorslv.com aviatorslv @ 2 Las Vegas Ballpark | 1650 S. Pavilion Center Dr. | Las Vegas, NV 89135 | (702) 943-7200 Las Vegas Ballpark, located in Downtown Summerlin, is the home of the Las Vegas Aviators, Triple-A affiliate of the Oakland Athletics. The ballpark has a wide range of seating options including 22 suites, club seats, berm seating, party decks, picnic tables and a pool beyond the outfield wall. In addition to @ the seating options, the ballpark has 84 points of sale for a variety of concession options, a team store aviatorslv.com aviatorslv and kids’ splash pad. Las Vegas Ballpark opened to the public on April 9th, 2019 in front of a sold-out crowd of 11,036 fans. 2019 was an outstanding year for the Aviators and the ballpark, leading all Minor League Baseball in attendance at 650,934 fans (9,299 per game). The Aviators won the Pacific Coast League Southern Division Championship before losing to the Sacramento River Cats in the first round of the playoffs. My Account Executive: Las Vegas Ballpark and the Aviators took home four awards during the 2019 season: 1. Winner of 2019 MiLB Triple-A Best of the Ballparks My Las Vegas Ballpark Seat(s): 2. Ballpark of the year from Baseballparks.com 3. Ballpark of the year from Baseball Digest 4. Team of the year from Baseball Digest Las Vegas Ballpark | 1650 S. Pavilion Center Dr. | Las Vegas, NV 89135 | (702) 943-7200 3 2021 LAS VEGAS AVIATORS SEASON TICKET, -
Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015
Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 EXCLUSIVE ADVISORS Matthew Patros Associate - Sales & Leasing 702.941.7380 [email protected] 5960 South Jones Boulevard Las Vegas, Nevada 89118 T 702.388.1800 F 702.388.1010 www.mdlgroup.com THE OFFERING MDL Group is pleased to offer an exceptional opportunity to purchase Express Plaza, a Retail Center located at 716-720 Center Street in Henderson, NV. The property is currently at 91% occupancy with an excellent mix of tenants. INVESTMENT HIGHLIGHTS SUMMARY °Excellent Value-add opportunity: 80% of tenants signed leases at well below Asking Price $1,600,000 market rents. Price PSF $125 °Excellent Visibility: The property features strong curb appeal and excellent NOI $110,947 visibility off both Major Ave and Center St. Cap Rate 6.93% °Below Replacement Cost: Price per square foot is well below current Occupancy 91% estimated replacement cost. SF ±12,700 °Direct Access: Multiple access points off Center St. and Major Ave. and direct Year Built 2007 access to the hard corner 7-11. Site Size 1.53 Acres °Value Add Opportunity: Below market rents present opportunity for an investor to capture increased revenue. PROPERTY OVERVIEW PROPERTY LOCATION Express Plaza is located in the Southeast submarket, the property is sit- Property Type Inline Retail uated ½ mile East of Boulder Hwy. and ½ mile South of Cadence Master planned community at the Northwest corner of Burkholder Blvd. & Center Address 716 -720 Center Street, Henderson, NV 89015 St., having the civic address of 716-720 Center St.