GAME NOTES Sunday, May 9, 2021
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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. -
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. -
Communityw O 7 S 0 B &
INC PULATION REA PO DU SE RING U 20 NL % 13 2 V EN 7, 5 RO 8 . L 2 C LM 4 S 7 N EN 8 Y 062,2 3 T , 5 E 6 T E 3 NR , G 2 N O 6 A % EW N L I R COM S LM 2 G VE E C E 9 N A A RS N N I L RE T A .6 FR 3 V 3 I N 3 O , M E 3 L IO NR 9 U T OL F A LM 5 N E O S E ALIFO N L C R T R N M T A I U 4 U A S Q . 7 T E A O . o C 0 R C 0 0 9 E M 1 A P 9 FO 0 F G M IN R N O E T O T IN H 1 S S T E N O U E F C O 8 1 I C H G . R O S A 9 T R T N 7 I E 9 M V 0 E A 6 Y S R $ T S 3,086,745,000(ASSISTED BY LVGEA) S E NEW COMPANIES U N I D 26 S N I ANNUAL HOME SALES N 7 U 4 R EMPLOYMENT 5 T E E , COMMUNITYW O 7 S 0 B & 4 A T , 5 L 7 las vegasA perspective E 895,700 , 9.5% 6 L 7 6 UNEMPLOYMENT 4 0 RATE 6 E M M IS E LU A R LUM VO P TOU VO R M A CO ITOR E L R M VIS G TE S A T M N O M V E 6 H O G M ER M SS O $ . -
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. -
Las Vegas Aces
Welcome to LasVegasRelocation Guide to Southern Nevada Trusted everywhere every day. Contents LAS VEGAS VALLEY INFORMATION Climate & Population ......................................................4 Demographics ..................................................................5 Zip Code Map ..................................................................6 Newcomer Resources .......................................................7 Utility Information ...........................................................8 DMV/ Voting ....................................................................9 Employment ...................................................................10 Transportation ................................................................11 Housing ..........................................................................12 Museums/ Galleries .......................................................13 Libraries .........................................................................14 Hospitals ........................................................................15 Churches ........................................................................16 Youth Activities ..............................................................18 Senior Services ...............................................................19 Parks ...............................................................................20 Outdoor Recreation Activities ........................................21 Golfing ...........................................................................22 -
1050 INDIGO DRIVE Las Vegas, NV 89145 RARE SUMMERLIN INVESTMENT OPPORTUNITY SELLER MAY CONSIDER a CARRY BACK
1050 INDIGO DRIVE Las Vegas, NV 89145 RARE SUMMERLIN INVESTMENT OPPORTUNITY SELLER MAY CONSIDER A CARRY BACK Offered by: Service You Deserve. People You Trust. Jarrad Katz, SIOR, CCIM Galit Kimerling 5960 South Jones Boulevard Executive Vice President I Principal Vice President Las Vegas, Nevada 89118 Lic#: BS.0145888 Lic#: S.0065773 T 702.388.1800 | F 702.388.1010 702.610.1002 323.244.1628 www.mdlgroup.com [email protected] [email protected] HIGHLIGHTS INVESTMENT OVERVIEW ACQUISITION NARRATIVE LOCATION 1050 Indigo Drive, Las Vegas, NV 89145 This offering is a rare opportunity to acquire a quality office PARCEL NUMBER 137-368-110-17 asset in an A+ location. The property is fully occupied with sig- nificant upside going forward. Current rents are ±40% below INTERSECTION Indigo Drive & Charleston Boulevard market rents of like kind office properties within the immediate area. It would be incredibly difficult to replace this asset, due SQUARE FOOTAGE ±20,774 to an absence of available land for commercial development in The JGS Group, Douglas M. Edwards, P.C, Michael J. Mona, the sub-market. TENANTS Jr., Wiley Law LLC, Naylor & Braster, Envision PURCHASE PRICE $5,500,000 ($264.75 PSF) ACTUAL CAP RATE 6.14% PROFORMA CAP RATE 9.99% NOI $348,116.46 LEASE TYPE Full service gross on most leases RENTAL ESCALATIONS 3% on average YEAR BUILT 2004 LOT SIZE ±1.5 Acres HIGHLIGHTS AREA DESCRIPTION In 1952 Howard Hughes purchased a ±25,000 acre parcel in Southern Nevada to possibly relocate his California based airline operation. Hughes ended up not relocating after all. -
Pioneer Las Vegas Bowl Sees Its Allotment of Public Tickets Gone Nearly a Month Earlier Than the Previous Record Set in 2006 to Mark a Third-Straight Sellout
LAS VEGAS BOWL 2016 MEDIA GUIDE A UNIQUE BLEND OF EXCITEMENT ian attraction at Bellagio. The world-famous Fountains of Bellagio will speak to your heart as opera, classical and whimsical musical selections are carefully choreo- graphed with the movements of more than 1,000 water- emitting devices. Next stop: Paris. Take an elevator ride to the observation deck atop the 50-story replica of the Eiffel Tower at Paris Las Vegas for a panoramic view of the Las Vegas Valley. For decades, Las Vegas has occupied a singular place in America’s cultural spectrum. Showgirls and neon lights are some of the most familiar emblems of Las Vegas’ culture, but they are only part of the story. In recent years, Las Vegas has secured its place on the cultural map. Visitors can immerse themselves in the cultural offerings that are unique to the destination, de- livering a well-rounded dose of art and culture. Swiss artist Ugo Rondinone’s colorful, public artwork Seven Magic Mountains is a two-year exhibition located in the desert outside of Las Vegas, which features seven towering dayglow totems comprised of painted, locally- sourced boulders. Each “mountain” is over 30 feet high to exhibit the presence of color and expression in the There are countless “excuses” for making a trip to Las feet, 2-story welcome center features indoor and out- Vegas, from the amazing entertainment, to the world- door observation decks, meetings and event space and desert of the Ivanpah Valley. class dining, shopping and golf, to the sizzling nightlife much more. Creating a city-wide art gallery, artists from around that only Vegas delivers. -
The Guide to the Ortiz Family Collection on the Las Vegas 51S Baseball Team
The Guide to the Ortiz Family Collection on the Las Vegas 51s Baseball Team This finding aid was created by Dallas Reiber and Joyce Moore. This copy was published on April 01, 2019. Persistent URL for this finding aid: http://n2t.net/ark:/62930/f17s3b © 2019 The Regents of the University of Nevada. All rights reserved. University of Nevada, Las Vegas. University Libraries. Special Collections and Archives. Box 457010 4505 S. Maryland Parkway Las Vegas, Nevada 89154-7010 [email protected] The Guide to the Ortiz Family Collection on the Las Vegas 51s Baseball Team Table of Contents Summary Information ..................................................................................................................................... 3 Historical Note ................................................................................................................................................. 3 Scope and Contents Note ................................................................................................................................ 4 Arrangement .................................................................................................................................................... 4 Administrative Information ............................................................................................................................. 4 Names and Subjects ........................................................................................................................................ 5 Collection Inventory -
Minor League Baseball and Its Clubs Embodied the Mission of Milb
2019 MiLBTM COMMUNITY REPORT LETTER FROM PAT O’CONNER LETTER FROM PAT Dear Friends and Colleagues, Thank you for your efforts in making 2019 another successful philanthropic year for Minor League Baseball, our 160 teams and MiLB Charities. As we prepare for the 2020 season, we have many accomplishments from last season to celebrate. None of our efforts would be possible without the great work of our teams, continued dedication from staff at the national office and the support of our millions of fans nationwide. For a fifth straight year, all 160 clubs reported their charitable giving and contributions, allowing us to accurately assess our collective efforts. It gives me great pleasure to say that in 2019, MiLB Charities donated nearly $50 million in cash and gifts in kind from our teams, leagues and partners — once again setting a new record-high total. In addition, MiLB and its teams nearly doubled our volunteer efforts from 2018, giving more than 26,000 hours in service of our communities. This report highlights MiLB Charities’ many programs and initiatives, including the MiLB CommUNITY Initiative presented by Allegiant Air, the Stars & Stripes Caps Program with New Era Cap Company, the Derrick Hall Pro-State Foundation Father’s Day Initiative, Ed Randall’s Fans For the Cure, the Joe Torre Safe At Home Domestic Violence Awareness Initiative, and the “Cover Your Bases” Sun Safety Initiative with the American Cancer Society. These are just a few of the ways our teams and partners are working together to make positive and lasting impacts in our MiLB communities. -
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. -
CU Report Shows Increased Construction Activity by RICK NORTON Number of Meter Sets Completed by CU Includes 10 Months (July 2015 Through When 423 Were Recorded
MONDAY 162nd YEAR • NO. 44 jUNE 20, 2016 CLEVELAND, TN 16 PAGES • 50¢ CU report shows increased construction activity By RICK NORTON number of meter sets completed by CU includes 10 months (July 2015 through when 423 were recorded. The largest 21 single-family homes, 17 townhomes, Associate Editor line crews. April 2016), CU crews had installed 320 amount of meter sets, based on the three apartments and three commercial A meter set is the physical connection meter sets, as compared to 265 during chart’s range, came in 1998-99 with 565 projects. Bradley County’s recent drop in between a new, or remodeled, develop- the same corresponding period a year connections. The lowest point, within the In a related report regarding water — unemployment to a 15-year low of 3.6 ment (residential or commercial) and earlier. The year-to-date amount for chart’s span, came in 2009-10 with 210. except this one involves rainwater percent has been credited in part to CU’s existing water system. An increase April 2014 was 257. Mullinax pointed out the average instead of water meters — Mullinax increased hiring in construction, and a in water meter sets generally points to a Mullinax said the 320 meter sets, as of number of water meter sets completed reported rainfall amounts for the year recent update heard by the Cleveland hike in construction activity. April 2016, represented a 21 percent by CU crews during the month of April is are falling far short of the Cleveland Board of Public Utilities appears to verify For the month of April, CU line crews increase over the previous year.