Las Vegas

Dec. 20, 2011

U.S Homebuilders Encouraged About Housing Market

RISING INTEREST FROM HOMEBUYERS
MAKE U.S. HOMEBUILDERS MORE
OPTIMISTIC ABOUT HOUSING MARKET

Although tighter lending standards are still keeping
potential buyers from purchasing new homes.

The National Association of Home Builders/Wells
Fargo builder sentiment index rose two points to
21 in December, the highest level since May 2010 …

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Dec. 18, 2011

WINNERS AND LOSERS IN 2011 GAMING

WINNERS AND LOSERS IN 2011 GAMING

The Director of the UNLV center for Gaming
Research considers downtown Las Vegas one
of the winners since they had a couple of good
revenue months.

The Plaza is buzzing, the El Cortez and its new
hotel rooms is generating activity and the same …

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Dec. 18, 2011

Zappos Investing Millions In Downtown Las Vegas

ZAPPOS CEO TONY HSIEH POURING
MILLIONS OF HIS OWN MONEY INTO
DOWNTOWN LAS VEGAS

He has helped keep at least one restaurant
open, has donated $1.5 million to encourage
Teach for America members and alumni to
move downtown, and has plans to fund dozens
of new businesses on Fremont …

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Dec. 17, 2011

Miracle Mile Shops In Las Vegas Post Increased Gains

LAS VEGAS PLANET HOLLYWOOD'S
MIRACLE MILE SHOPS POSTS IMPRESSIVE
GAINS IN SALES, TRAFFIC AND LEASING

All three of the above activities have increased
steadily in 2011 marking 24 consecutive months
of increased activity at the center.

On average, about 80,000 people visit daily, and
year-to-date almost 30 million …

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Posted in Las Vegas, Statistics
Dec. 16, 2011

Zappos Competing With Howard Hughes Corp. To Buy Las Vegas 51s Baseball Team

CEO OF ZAPPOS AND THE HOWARD
HUGHES CORP. ARE COMPETING TO
BUY THE LAS VEGAS 51s AAA LEVEL
BASEBALL TEAM

Zappos CEO Tony Hsieh plans to revitalize
the existing Cashman Center ballpark, a
10,000 seat stadium close to downtown, thinks
the team will succeed there and has already
planned …

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Dec. 16, 2011

Las Vegas Looks To Economic Diversity

ECONOMIC DIVERSIFICATION IS THE KEY
FOR SOUTHERN NEVADA TO AVOID ANOTHER
RECESSION, ALL BUSINESS LEADERS SAY

(Please read our previous blogs on diversification)

Economic growth has too long been focused on
gaming and construction, two industries that prove
to be the most vulnerable during the downturn
said the Governor's …

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Dec. 14, 2011

Growth In Las Vegas Being Forecast For 2012

HAPPY DAYS ARE HERE AGAIN ?  --

-- Well, maybe not quite -- but they are getting closer
according to a UNLV economist at the Economic
Outlook 2012 meeting.

He's forecasting growth in every economic sector
in 2012, led by a 5.1 percent increase in visitor
volume and a 4 percent …

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Dec. 13, 2011

Most Sales In Las Vegas Since 2005

INVESTORS AND FIRST-TIME HOME-BUYERS
HELPED MAKE THE 40,033 EXISTING HOME
SALES IN 2011 THE MOST SINCE 2005 --

These new buyers helped drive the healthiest home
resale market since the bubble popped! The median
price was $110,000, almost a third of what it was
during the height of the …

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Posted in Buying, Investing, Las Vegas
Dec. 12, 2011

Las Vegas Diversifies It's Economy With Landmark Reform Law

FROM CONCEPTS TO BUSINESS PLANS.
AT LAST -- A REAL ATTEMPT TO DIVERSIFY
THE ECONOMY OF LAS VEGAS AND NEVADA

AB449 - Nevada's landmark development reform
law has happened and is in motion. Things are going
to change because this new law mandates it so.

Nevada's economy will most likely …

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Posted in Las Vegas
Dec. 12, 2011

Las Vegas Visitor Counts Increase

SOUTHERN NEVADA AND LAS VEGAS
VISITOR COUNTS INCREASE-THE 20th
CONSECUTIVE GAIN IN PRIOR-YEAR
COMPARISONS --

-- The most in one month since March 2007.
The average daily room rate of $114.68 also
was 12.2 percent ahead of last year, the highest
since October 2008.

The 9.2 percent increase in …

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Posted in Las Vegas