Brian Gordon
Brian Gordon
Brian Ernest Gordonis an American professional baseball pitcher who is currently a free agent. He has played for the Texas Rangers and New York Yankees of Major League Baseball, as well as SK Wyverns and Samsung Lions of the Korea Baseball Organization in South Korea...
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Reservations don't equal sales. There are several investors placing refundable deposits on multiple projects around town. But when it comes time to sign the contract, they will often re-evaluate their selection.
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The lack of availability has the industrial sector experiencing a feverish pace of transactions, similar to the residential sector 18 months ago. We have seen the sale of selected industrial buildings achieve per-square-foot pricing witnessed in the office sector just one year ago.
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Only 35 to 40 percent of future projects are expected to move forward by 2010. There is insufficient market demand to absorb all of the units currently in the development pipeline.
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It's a mature market area that hasn't seen a lot of new investment. The low vacancy rates are being driven by a lack of new inventory and relatively strong densities. As a result, new retail centers are performing well in the area.
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It was a very tight game. It was just 1-0 going into the sixth and they tied it up. They got a little sloppy in the eighth inning and we stretched it out a little.
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The numbers we're looking at represent phenomenal growth rates, not likely to be duplicated in any other industry.
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Given the cost of raw land, density is the key to viability. It is not out of line what you are seeing in other developments.
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From a development standpoint, the perceptions of the market are as important as the economics, and any activity to promote the industry is probably important to alleviate market concerns.
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Any time you talk about rising costs for certain necessities it is a cause for concern. It's particularly difficult for seniors who are on tight, fixed incomes.
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We simply cannot expect land prices to escalate at 80 percent per year while rents for office, retail and apartments are increasing in the 8 to 16 percent per year range.
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Those projects with an extended sales period have higher development risks given the increased potential for rising construction costs. Those projects with experienced, well-financed development teams as well as strong locations and good branding are more likely to succeed.
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Wow, what a tremendous performance, particularly compared with the previous year,
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Visitor volumes continue to press forward, while consumer spending is holding its ground. We estimate spending on gaming, lodging, dining and retail items posted healthy gains ranging from high single-digits to low double-digits during the first quarter of 2006.
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We continue to see above-average rental rate growth in the speculative sector, while rising land and construction costs will continue to drive rates north. While the supply-side is facing record development costs, the demand-side of the equation is supported by the third-fastest growing segment in the local economy, professional and business service office users.