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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. -
RTC Opens Community Comment Period for Feedback on Upcoming Transit Service Changes
FOR IMMEDIATE RELEASE: June 29, 2020 MEDIA CONTACTS: Sue Christiansen, RTC, (702) 676-1891 office, [email protected] Catherine Lu, RTC, (702) 676-1788 office, [email protected] RTC opens community comment period for feedback on upcoming transit service changes Click to Tweet: .@RTCSNV opens 60-day comment period to gather community input on system-wide transit service changes. Find all details at https://www.rtcsnv.com/ways-to-travel/schedules-maps/2020-transit-service- change/ LAS VEGAS – The Regional Transportation Commission of Southern Nevada (RTC) is experiencing a severe drop in transit funding as a result of the COVID-19 pandemic. To adjust for this loss in revenue, while continuing to provide critically needed transportation, the RTC is considering making system-wide service changes that would go into effect in fall 2020. The community is encouraged to provide input on proposed changes including route eliminations, routing adjustments and schedule changes during a 60-day comment period. “Our public transportation system is facing the same financial uncertainty that businesses and communities across the country are experiencing when it comes to providing essential services with reduced budgets,” said Francis Julien, RTC deputy CEO. “We know this is a very difficult time for our community as we continue to grapple with so many unknowns, especially as it relates to providing public transportation to our community. So before we make any transit service changes, we need to hear from you. We are making efforts to reach out and provide information in many different ways, and we hope we will get valuable feedback from riders and non-riders alike.” The public comment period will remain open through Friday, August 28. -
CLARK COUNTY PUBLIC BUILDINGS ELEMENT of the Clark County Comprehensive Plan
CLARK COUNTY PUBLIC BUILDINGS ELEMENT of the Clark County Comprehensive Plan Prepared by the Department of Comprehensive Planning Adopted June 5, 2001 500 South Grand Central Parkway, Suite 3012 PO Box 551741 Las Vegas, NV 89155-1741 (702) 455-4181 Fax. (702) 385-8940 http://www.co.clark.nv.us ACKNOWLEDGEMENTS Board of County Commissioners: Office Of The County Manager: Dario Herrera, Chairman Dale W. Askew, County Manager Myrna Williams, Vice-Chair Michael R. Alastuey, Assistant County Manager Yvonne Atkinson Gates Richard B. Holmes, AICP, Assistant County Erin Kenny Manager Mary Kincaid Chip Maxfield D e partment of Comprehensive Planning: Bruce Woodbury John Schlegel, AICP, Director Phil Rosenquist, AICP, Assistant Director Planning Commission: Barbara Ginoulias, Assistant Director Will Watson, Chairman Jory Stewart, AICP, Advanced Planning Manager Richard Bonar, Vice-Chair Charley Johnson D e partment of Real Property Management: Bernard Malamud Sandy Norskog, Director Pam Mortensen Doug Malan Finance Department: Kirby Trumbo George W. Stevens, Director Susan Laveway, Assistant Director Comprehensive Plan Steering Committee: Michael Dias, Chair Public Building Advisory Team: Ron Newell, Vice-Chair Clark County Long Range Planning Committee Curtis Alexander Clark County Space Committee Don Dickson Leo Dupre Public Buildings Work Team: Robert Eliason Gene Paul Pasinski, AICP, Project Lead Ralph Hamilton Department of Comprehensive Planning Dan Holt Alberta Guinther Fred Hutt Daniel Kezar Jennifer Lewis Chris LaMay Thomas Lisiewski -
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. -
Fun in Summerlin!
YOURYOUR COMMUNITYCOM NEWS FROM THE SUMMERLIN COUNCIL March 2021 On the Trail for “Eggcellent” Fun In Summerlin! || Summerlin Bunny Trail MARCH 26 | 1:30 TO 5:30 P.M. MARCH 27 | 10 A.M. TO 3:30 P.M. VISTAS PARK | PRE-REGISTRATION REQUIRED; $20 PER VEHICLE ippity hoppity on over to the a basket or bag to collect treats at walk-through event and pre- HVistas Park this Spring for designated goodie stations along registration is required for $20 a bounce down the Summerlin the way. per family (six-person maximum Bunny Trail! Staggered arrival times will be capacity). Reserve your family’s On March 26 and 27, residents assigned to maintain safety and entry time at summerlink.com/ are invited to follow the most fest- distancing and all attendees must event/summerlin-bunny-trail/ ive path in Summerlin for themed wear a mask or facial covering. beginning Wednesday, March 10 character experiences, visits with A complete list of event policies at 10 a.m. furry farm animals, photo oppor- and guidelines is available at Don’t miss this egg-stra special tunities and, of course, a safe summerlink.com/event/ event. Mark your calendar and meet-and-greet with Mr. and Mrs. summerlin-bunny-trail/. make plans to take a hop along Bunny. Kids should bring along Space is limited for this outdoor, the happiest trail in Summerlin! Summerlin Bunny Trail registration begins March 10 at 10 a.m. at summerlink.com/event/summerlin-bunny-trail/. An active Summerlin I.D. card is needed and all family members attending must register. -
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. -
World War II Era Residential Housing in Las Vegas, Clark County, Nevada (1940–1945)
World War II Era Residential Housing in Las Vegas, Clark County, Nevada (1940–1945) HPF Tracking No.: P14AS00012(3) Prepared for: The city of Las Vegas Development Services Center and Historic Preservation Commission Prepared by: Greta J. Rayle, M.A., RPA and Helana Ruter, M.A. Logan Simpson 3753 Howard Hughes Parkway, Suite 235 Las Vegas, NV 89169 June 2015 LSD Technical Report No. 145648 The archival research and windshield survey of historic properties that is the subject of this historic context on World War II era residential housing in the city of Las Vegas, Clark County, Nevada has been financed in whole or part with federal funds from the National Park Service, U.S. Department of the Interior, and administered by the State Historic Preservation Office. The contents and opinions, however, do not necessarily reflect the views or policies of the U.S. Department of the Interior or the State Historic Preservation Office. This program receives federal financial assistance for identification and protection of historic properties. Under Title VI of the Civil Rights Act of 1964, Section 504 of Rehabilitation Act of 1973, and Age Discrimination Act of 1975, as amended, the U.S. Department of the Interior prohibits discrimination on the basis of race, color, national origin, disability or age in its federally assisted programs. If you believe you have been discriminated against in any program, activity, or facility as described above, or if you desire further information, please write to: Chief, Office of Equal Opportunity Programs, U.S. Department of the Interior, National Park Service, 1201 Eye Street, NW (2740), Washington, D.C. -
HAWAI'i COLORADO STATE Oct. 29, 2020 Fresno, Calif. UNLV Nov. 7
2020 OPPONENTS HAWAI’I COLORADO STATE UNLV UTAH STATE Oct. 24, 2020 Oct. 29, 2020 Nov. 7, 2020 Nov. 14, 2020 Fresno, Calif. Fresno, Calif. Las Vegas, Nev. Logan, Utah General Information General Information General Information General Information Location ........................Honolulu, Hawai’i Location ........................Fort Collins, Colo. Location ............................ Las Vegas, Nev. Location ..................................Logan, Utah Founded ................................................1907 Founded ................................................1870 Founded ................................................1957 Founded ................................................1888 Enrollment ....................................... 18,000 Enrollment ....................................... 33,877 Enrollment ....................................... 31,142 Enrollment ....................................... 27,810 Nickname .....................Rainbow Warriors Nickname ........................................... Rams Nickname ..........................................Rebels Nickname .........................................Aggies Colors ......Green, Black, White and Silver Colors ...............................Green and Gold Colors ...............................Scarlet and Gray Colors ........ Navy Blue, White and Pewter Gray Affiliation........... NCAA Division I - FBS Affiliation........... NCAA Division I - FBS Affiliation........... NCAA Division I - FBS Affiliation........... NCAA Division I - FBS Conference ........................Mountain -
City of Las Vegas Economic and Urban Development Department & Redevelopment Agency
012014 City of Las Vegas Economic and Urban Development Department & Redevelopment Agency Economic and Urban Development Department The Economic and Urban Development Department creates, coordinates and encourages new development and redevelopment throughout the city of Las Vegas. It increases and diversifies the city’s economy and creates jobs through business attraction, retention and expansion programs. This expanded department now includes the Parking Division. The newly reorganized and consolidated Parking Division has begun work on modernizing parking meters, online customer service, downtown parking locator assistance and aiding developers with their parking-related plans. The EUD coordinates with the Las Vegas Redevelopment Agency (RDA) on day-to-day operations, economic development, job creation and long-term strategic goals. Las Vegas Redevelopment Agency The Las Vegas Redevelopment Agency (RDA) promotes the redevelopment of downtown Las Vegas and surrounding older commercial districts by working with developers, property owners and the community to accomplish beneficial revitalization efforts, create jobs and eliminate urban decay. The city of Las Vegas currently has two designated redevelopment areas. Redevelopment Area 1 encompasses 3,948 acres. The area roughly includes the greater downtown Las Vegas area east of I-15, south of Washington Avenue, north of Sahara Avenue and west of Maryland Parkway. It also includes the Charleston Boulevard, Martin L. King Boulevard and Eastern Avenue corridors. A new Redevelopment Area 2 (RDA 2) was officially adopted during the Aug. 15, 2012 meeting of the Las Vegas City Council. The RDA 2 designation gives the Las Vegas Redevelopment Agency the powers to redevelop, rehabilitate and revitalize this area. This new RDA 2 designation also allows the Redevelopment Agency to provide qualified owners/operators with certain business incentives. -
Las Vegas Valley
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Real Estate Deck 2017
ABOUTWE ASPIRE TO BEUS FIRST, UNIQUE, OR BEST IN EVERYTHING WE DO. Downtown Project was founded in January 2012 with the idea that if you accelerate co-learning, collisions, and connectedness in the city’s urban core, productivity, innovation, growth, and happiness will fall into place. Zappos.com CEO Tony Hsieh made a personal investment of $350 million toward helping with the revitalization of part of downtown Las Vegas. His investment became Downtown Project, which has allocated roughly $200 million in real estate and development, $50 million in small businesses, $50 million in technology and startups through VTF Capital, and $50 million in arts and culture, education, and healthcare. A large portion of our investment was allocated toward real estate and development in the Fremont East/East Village districts of downtown Las Vegas. We own approximately 45 acres, and we’re activating our holdings in an organic way, rather than through a top-down master plan. We’ve purposely activated buildings that are not directly next to one another in order to encourage people to walk a little farther into the neighborhood, which increases opportunities for collisions. The roughly $200 million to real estate and development includes approximately 45 acres of land in and around the Fremont East and East Village districts, and approximately 11 businesses that we wholly own and operate. So far we’ve invested in approximately 50 small businesses ranging from restaurants, bars, and a microbrewery to retail, including a bookstore, a record store/recording studio, and a toy store. Downtown Project has also invested in services, from a membership-based dog park and doggie day care to an app-based laundry and dry cleaning business. -
Converged Innovation at Sofi Stadium
FALL 2020 CONVERGED INNOVATION AT SOFI STADIUM BILL ANDERSON ON TRANSFORMING VENUES ALLEGIANT STADIUM TECHNOLOGY PANDEMIC PLANNING FOR ENTRY AND CONCESSIONS mobilesportsreport.com We miss it, too. But we’re getting closer. The lights. The high fives. The hot dogs. The devastating defeats. The stunning victories. Connecting over these shared experiences is one of our passions. We are here with you, looking forward to the time when we can once again celebrate the sports and the teams we love. We are committed to our connected future, equipping stadiums and other venues with the network infrastructure to add applications that will enhance safety and tomorrow’s fan experience. For now, stay safe. corning.com/gameday © 2020 Corning Optical Communications. LAN-2637-AEN / August 2020 Welcome to the third issue of our SEVENTH year of STADIUM TECH REPORTS, the Fall 2020 issue! These quarterly long-form reports are designed to give stadium and large public venue owners and operators, and digital sports business executives a way to dig deep into the topic of stadium technology, via exclusive research and profiles of successful stadium technology deployments, as well as news and analysis of topics important to this growing market. Our stories for this issue include profiles of two of the most innovative new venues to open – SoFi Stadium in Los Angeles and Allegiant Stadium in Las Vegas! While neither venue will host fans this NFL season, our profiles will dig in-depth to tell you about the technologies in place to make these stadiums the most advanced when it comes to the game-day experience.