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The Newsroom - 2003 |
SORTED CHRONOLOGICALLY |
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Applied Analysis has compiled economic and business
news of note that affect the Las Vegas Valley,
Southern Nevada and the nation as a whole. Below are
select articles from 2003 courtesy of various
local and national sources sorted by date published.
View
Articles:
Alphabetically »
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Park
Place confirms deal for sale of Las Vegas Hilton
Author: R. Smith, Las Vegas Review-Journal Date:
12.25.03
Park Place Entertainment Wednesday confirmed reaching a definitive agreement to
sell the Las Vegas Hilton for $280 million to Colony Capital, a Los
Angeles-based international private investment...
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Developers plan high-rise residence for downtown
Author: J. Shubinski, Las Vegas Sun Date:
12.24.03
Two developers are working on plans for the first high-rise luxury residences in
downtown Las Vegas. Partners Sam Cherry and Harris Rittoff are working on plans
for a high-rise that will feature...
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Nevada
still tops nation in growth
Author: T. Pratt, Las Vegas Sun Date: 12.18.03
New census numbers released this morning show Nevada remains the fastest-growing
state in the nation for the 17th consecutive year - but that's not news to
anyone who lives here, an analyst says...
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Bulletin: Market Research
Author: H. Smith, Las Vegas Review-Journal Date:
12.08.03
Applied Analysis, a Las Vegas research firm, has formed a "strategic alliance"
with Property Line, a Nevada corporation owned by the Memmer family.
Jeremy
Aguero, principal of Applied Analysis, said...
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Real Estate & Development
Author: J. Shubinski, In Business Las Vegas Date:
12.05.03
Applied Analysis and Property Line, an Internet-based information and national
listing provider for commercial real estate, will provide reports covering the
office, industrial, retail and development...
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Advice from the Experts
Author: K. Foley, Nevada Business Journal Date:
12.01.03
Keith Schwer, head of UNLV’s Center for Business and Economic
Research, said at year-end 2003 the national economy is continuing
to "gain traction,"...
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Top Winners of 2003: Guy
Hobbs/Jeremy Aguero
Author: J. Ralston, The Ralston Report Date:
12.01.03
They began the year as the technical foundation for that
controversial tax task force report, from whence sprouted Gov.
Kenny Guinn's plan and especially the gross-receipts tax. By
the end of the...
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Major homebuilding stocks dip
over rates fears
Author: T. Illia, Las Vegas Business Press Date:
11.14.03
Some major homebuilders' stocks dipped when Wall Street
analysts downgraded several key companies, believing they were
overpriced. The move prompted panic among investors who
worried...
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Escalating land prices fuel high-rise construction
Author: T. Illia, Las Vegas Business Press Date:
11.07.03
The shrinking availability of land has increased property prices, resulting in
denser, more expensive developments. It's the inevitable outcome of
cost-versus-profit, a basic business principle that...
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Gambling stock gauge gallops forward in October
Author: R. Smith, Las Vegas Review-Journal Date:
11.01.03
Driven by the resurgent economy and prospects for gaming proliferation, gaming
stocks continued to climb in October with the Applied Analysis Gaming Index of
local gaming stocks up 2.7 percent...
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Clark County building activity increases 13.9%
Author: Nevada Contractor Date:
10.27.03
Building activity in the Las Vegas valley has dramatically
increased during the first eight months of 2003. There were
49,218 construction permits pulled through August in Southern
Nevada, a 13.99...
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Healthcare sector helps drive the office market
Author: T. Illia, Las Vegas Business Press Date:
10.27.03
The Las Vegas office market is showing signs of recovery due to a strong demand
from the healthcare profession. Since the first quarter of 2002, the office
market has hovered around an 11 percent...
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Casino stocks enjoy surge during week
Author: R. Smith, Las Vegas Review-Journal Date:
10.18.03
Publicly traded casino companies added nearly $1 billion in market value in the
past week, largely because of Boyd Gaming Corp.'s addition to a national index
and new orders for slot manufacturers...
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Valley stores open; expansion likely to continue
Author: J. Shubinski, In Business Las Vegas Date:
10.17.03
Kohl's Department Stores debuted its first three Las Vegas-area stores with
grand-opening events Oct. 10 and industry experts said an expansion of the
retailer into other parts of the valley is likely...
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Gaming numbers are now looking better and better
Author: S. Mihailovich, Las Vegas Business Press Date:
10.06.03
Hot off the press... Leading gaming indicators posted a
healthy 5.1 percent growth for September as the industry stays
on a steady incline since the beginning of next year,
according to the monthly...
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Industrial space sizzles in the third quarter
Author: T. Illia, Las Vegas Business Press Date:
10.02.03
Southern Nevada's industrial market remained robust in the third quarter,
reports Applied Analysis, a Las Vegas-based economic research firm.
Consisting of 76.4 million square feet in 2,336...
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Gaming stocks keep on climbing
Author: R. Smith, Las Vegas Review-Journal Date:
10.02.03
Driven by the recovery in leisure travel, gaming stocks continued to climb in
September with the Applied Analysis Gaming Index of local gaming stocks up more
than 5 percent for the month...
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Increase of little-known tax hitting hard
Author: H. Smith, Las Vegas Review-Journal Date:
10.01.03
Pat Mervine wanted to upgrade the kitchen sink and cabinets at a new home he's
buying in Sun City Anthem, but those costs were instead eaten
up by the real property transfer tax increase that takes...
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New $60 million South Pointe Plaza underway
Author: T. Illia, Las Vegas Business Press Date:
09.29.03
The trend towards owner occupied offices is becoming very popular," says Jeremy
Aguero, a principle with Applied Analysis, a Las Vegas-based economic research
firm. "Many people who took...
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Tribal casinos gaining clout
Author:
R. Smith, Las Vegas
Review-Journal Date:
09.25.03
The tribal casino industry's increasing credit worthiness could pave the way for
more Wall Street funding of Indian gaming expansion, a new report suggests.
Standards & Poor's released a report...
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9-11: Two Years Later
Author: K. Rademacher, Las Vegas Sun Date:
09.11.03
The economy in Las Vegas is not what it used to be, but economists are not
blaming the terrorist attacks of 2001 for the slowdown. The state was already
headed toward...
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Projects to Shine Spotlight on Downtown
Author: M. Lenhart, Meeting News Date: 09.02.03
Long overshadowed by the newer, more glamorous Las Vegas Strip, downtown Las
Vegas is poised to take back a bigger share of the spotlight. Construction on
the first phase of World Market Center...
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With Demand Up, The Buyers' Market May Not Last Much Longer
Author: M. Lenhart, Meeting News Date: 09.02.03
Summer has brought a warning trend to the Las Vegas Strip with a surge in
bookings, especially from weekend leisure travelers. While the city has a ways
to go before returning...
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Principle, not money, bothers casinos
Author: L. Benston, In Business Las Vegas Date:
08.01.03
Last month, the Nevada Legislature raised the tax rate on casino revenue (from
6.25 percent to 6.75 percent) for the first time in 14 years and also introduced
a payroll tax - part of a tax package...
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Changes draw mixed reviews
Author: J. Shubinski, In Business Las Vegas Date:
08.01.03
Many real estate professionals and market watchers say the real estate transfer
and payroll taxes passed by the Legislature will have little effect on Southern
Nevada's residential and commercial...
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Real Estate & Development
Author: J. Shubinski, In Business Las Vegas Date:
08.01.03
Office and retail is booming in Summerlin and Green Valley, while warehousing
and manufacturing continue to grow in North Las Vegas, indicating investors are
bullish on the Las Vegas-area...
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Small business sold out at Legislature
Author: J. Ralston,
In Business Press Date:
07.25.03
If you are a small business owner, you have my
sympathies now that the Legislature has ended. Thanks to the Gang of 63 and,
yes, your business lobbyists, you will pay more. Big Business did well...
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Face 2 Face: Jeremy Aguero, Principal Analyst,
Applied Analysis
Author:
Nevada Business
Journal Date:
06.06.03
What would you like your legacy to be?: I think I
would like to be remembered for being an analyst, as opposed
to an advocate. I would like to be remembered as someone who
gave time to...
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Five Questions: Brian Gordon of Applied
Analysis
Author:
The Magazine of Summerlin Date:
06.06.03
Summerlin resident Brian Gordon is a principle
analyst with Applied Analysis, a Nevada-based advisory
services firm that provides consulting services in urban
economics, market analysis...
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Gaming stocks follow market up in May
Author:
R. Smith, Las Vegas
Review-Journal Date:
06.03.03
Local gaming stocks surged almost 20 percent in May, largely on the back of a
broad market rally. Standard & Poor's 500 Index finished May at 970, up more
than 20 percent since the rally started
in early...
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Insider Club
Inductee: Jeremy Aguero
Author: The Ralston Report Date: 05.31.03
His numbers have become as prolific as they are trusted. His
analytical skills are sought after by state and local
governments, as well as private interests. And not just on tax
issues - he has been...
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Falling nationwide room rates hinder LV recovery
Author: R. Smith, Las Vegas Review-Journal Date:
05.21.03
Both long-term and recent room rates on the Strip have been
constrained by competition from other cities such as San
Francisco where rates are down as much as 23 percent, analysts
said...
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Internet sales tax a hot topic amid state budget crises
Author: J. Aguero, Special to the Business Press Date:
05.16.03
Today's retail industry offers the consumer a number of
shopping choices. With factory outlets, discount stores and
the Internet, an increasing number of Nevadans are comparing
prices...
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Nevada retail market stays strong despite national woes
Author: B. Sodoma, Las Vegas Business Press Date:
05.16.03
Local and national retail sales have sea-sawed in the past
year on the whims of a moody economy and consumer. Meanwhile,
the retail reports chronicling the sales shifts in retail
sectors are...
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Looking for mom 'n' pop
Author: J. Shubinski, Las Vegas Sun Date:
05.09.03
The shops in the open-air center, which was built to resemble an Italian
village, began opening last month and will continue to open as the space is
completed. The MonteLago Village at Lake Las...
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Gaming stocks weaker than broader market in April
Author: R. Smith, Las Vegas Review-Journal Date:
05.01.03
The Applied Analysis Gaming Index, a monthly weighted average
developed by a Las Vegas-based financial consulting company
for eight local stocks, ended April at 235.7, up 2.1 percent
over...
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Centra details plan for $55 million office park project
Author: T. Illia, Special to the Business Press Date:
04.21.03
Centra Propertties LLC, of Henderson, and Sacramento, CA based
Panattoni Development have unveiled plans for a $55 million, 300,000 square-foot
Class A office park called...
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Travel and Tourism Hunkering Down in Uncertain Times
Author: K. Foley, Nevada Business Journal Date:
04.15.03
A group of top executives in the travel and tourism field
gathered at the Four Seasons Hotel recently to discuss
challenges and issues affecting their industry in Nevada. This
second annual roundtable...
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Gaming industry bonds lag market
Author: R. Smith, Las Vegas Review-Journal Date:
04.05.03
A group of top executives in the travel and tourism field
gathered at the Four Seasons Hotel recently to discuss
challenges and issues affecting their industry in Nevada. This
second annual roundtable...
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Gaming stocks rise in March
Author: R. Smith, Las Vegas Review-Journal Date:
04.02.03
The Applied Analysis Gaming Index, a monthly weighted average
developed by a Las Vegas-based financial consulting company
for eight local stocks, ended March at 229.10, up 5.4 percent
over...
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ROOM RATES: Demand to visit LV declines
Author: R. Smith, Las Vegas Review-Journal Date:
03.25.03
Demand for Las Vegas vacations dropped dramatically
immediately after the outbreak of the war with Iraq, new data
shows. The average weekend room rate for the week of April 14
fell 44 percent...
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Casinos not shying away from adversity
Author: R. Streets, Special to the Business Press Date:
03.24.03
While some gaming companies have recently been hit with a
barrage of analyst downgrades, citing a deteriorating outlook
and high premium valuation, casino operators are putting up...
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Travel woes hitting Las Vegas
Author: B. Sodoma, Las Vegas Business Press Date:
03.24.03
This could very well be Las Vegas' marketing tag line for
coming months if it weathers the current storm of escalating
gas prices and political pressures that should undoubtedly
clamp down on...
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Casino stocks' value expected to hold up
Author: L. Benston, In Business Press Date:
03.21.03
Visitor volume and consumer spending in Las Vegas are expected
to slow in the near term as people stay tuned to Iraq war news
and watch their wallets. But the stocks of major Las Vegas...
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Land shortage squeezes small builders
Author: T. Illia, Special to the Business Press Date:
03.19.03
The shrinking availability of land in the Las Vegas Valley has
driven property prices up, making it difficult for smaller
builders to stay afloat. A market consolidation between large
developers and...
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Strip room rates continue to decline
Author: R. Smith, Las Vegas Review-Journal Date:
03.19.03
The demand for rooms on the Strip was turning softer even
before the collapse of diplomatic efforts to peacefully
resolve the confrontation with Iraq, recent survey data show...
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Dealing with the housing bubble in Southern Nevada
Author: J. Aguero, Special to the Business Press Date:
03.19.03
For months now, Las Vegas Valley residents and the Southern
Nevada business sector have anticipated a crash in the
burgeoning housing market. In fact, cities around the country
have...
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Affordability issue looms over valley housing market
Author: B. Sodoma, Las Vegas Business Press Date:
03.19.03
As new home prices continue their steady ascent, along with
land prices and construction defect insurance costs, there is
reason to believe that the American dream of owning a home is
slowly eroding...
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The Applied Analysis Gaming Index fell 6.5 points in February, a 2.9 percent
decline
Author: B. Sodoma, Las Vegas Business Press Date:
03.18.03
All eight companies in the weighted index posted declines in
their average daily stock price, one of the largest drop
coming from Harrahs Entertainment, which fell 12.5 percent
from...
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April's room rates decrease sharply
Author: R. Smith, Las Vegas Review-Journal Date:
03.12.03
Advance room rates for the first week of April are down
sharply as travelers grow more hesitant to book vacations with
war looming in the Middle East. For the week of March 31, the
average Strip...
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Democrats' first plan would ease property tax hikes
Author: E. Neff, Las Vegas Sun Date: 03.11.03
Assembly Speaker Richard Perkins today proposed a bill that
would shift the burden of future property tax increases from
homeowners to large property owners. Perkins' plan would give
middle- and...
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Gaming companies suffer through hard '02
Author: R. Smith, Las Vegas Review-Journal Date:
03.08.03
Despite claims of recovery, the gaming industry has yet to escape the clutches
of the post-Sept. 11, 2001, leisure travel slump, earnings reports for 2002
suggest. Total top-line, or revenue...
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Room rates volatile in March
Author: R. Smith, Las Vegas Review-Journal Date:
03.06.03
Volatile Strip room rates and shortened booking windows made operations
difficult in the first quarter, but growth in room-rate revenue will still
likely top expectations, Wall Street data show...
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Timeshare market may soon double
Author: B. Sodoma, Las Vegas Business Press Date:
03.03.03
With about 3,400 units currently available in the valley, the timeshare market
could double within two years, according to information obtained from Applied
Analysis, a local economic...
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Gaming stocks go cold in February
Author: R. Smith, Las Vegas Review-Journal Date:
03.01.03
Generally, gaming industry stocks underperformed the broad market in February,
with the Dow Jones casino index down more than 5 percent while the Standard &
Poor's 500 Index fell just less than...
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War fears grip Las Vegas: Economists ponder the impacts of war
Author: B. Sodoma, Las Vegas Business Press Date:
02.11.03
As President Bush makes his case for a war against Iraq,
valley economists and researchers are using the 1991 Persian
Gulf War as a barometer for the impact of military action.
Keith Schwer, director...
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Tax talk sends gaming stock index plunging
Author: R. Smith, Las Vegas Review-Journal Date:
02.08.03
Gaming stocks dove 6 percent this week, largely on the news
that New Jersey Gov. James McGreevey would seek increased taxes for the state's
seven casino operators. "Clearly, the significant...
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A mixed message for gaming stocks
Author: R. Smith, Las Vegas Review-Journal Date:
02.01.03
It was a rough month for casino stocks, but a bullish month
for equipment manufacturers, according to the Applied Analysis
Gaming Index, a monthly weighted average of eight local gaming
stocks...
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Resorts look to Chinese New Year
Author: C. Jones, Gaming Wire, Las Vegas Review-Journal Date:
01.31.03
Saturday's Chinese New Year holiday marks the beginning of
what many now consider the city's second-largest gaming event
behind New Year's Eve. Although there are no official
estimates on...
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Amount of burden depends on study consulted
Author: E. Vogel, Review Business Capital Bureau Date:
01.19.03
Gov. Kenny Guinn is expected to increase the tax burden when he asks the
Legislature to levy more than $1 billion in new taxes during his State of the
State address Monday night...
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Analysts hope building will help rev economy
Author: R. Smith, Las Vegas Review-Journal Date:
01.19.03
Construction industry analysts remain optimistic overall about
this year's building opportunities, a report from FMI Corp., a
Raleigh, N.C-based management consultant firm for the industry...
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GAMING: Local gaming index uncertain for 2003
Author: B. Sodoma, Las Vegas Business Press Date:
01.14.03
The local economic research firm indicated in a report
released last week that the "resilient gaming sector" was
benefited by company stock repurchase programs through the
year and...
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Casino index off 5 percent
Author: R. Smith, Las Vegas Review-Journal Date:
01.11.03
Fundamentally, the gaming industry finally took a serious hit from the ongoing
economic slump and eroding stock market, with higher stakes casino players
staying away and those who do...
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GAMBLING: Dividend plan may lift casinos
Author: R. Smith, Las Vegas Review-Journal Date:
01.08.03
Gaming stocks stand to get a big boost from the Bush
administration's proposal to eliminate federal taxes on
dividends, industry analysts and insiders said Tuesday. "The
proposal potentially...
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STRIP RATES: Casinos boosting charges for rooms
Author: R. Smith, Las Vegas Review-Journal Date:
01.04.03
Paris Las Vegas doorman Scot Donnelly assists a guest Thursday
outside the Strip property. Visitors to Las Vegas may face
triple-digit room rate increases at Strip hotels during Super
Bowl week...
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Japan considers gaming expansion to solve economic woes
Author: R. Smith, Las Vegas Review-Journal Date:
01.04.03
Tokyo Gov. Shintaro Ishihara this week hosted a demonstration of slot machines
at Tokyo City Hall, even though the gamblers had to settle for
playing with free plastic chips instead of playing...
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One in a Million
Author: K. Kern, The Magazine of Summerlin Date:
01.02.03
Have a million dollars to spend on a home?
Look no further than Summerlin. From the custom lots on Promontory at The Ridges
or Red Rock Country Club to custom homes at Bellacere along the TPC...
Read More » |
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