The Newsroom - 2003 SORTED CHRONOLOGICALLY

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.

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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... Read More >>

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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>

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... Read More >>

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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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... Read More >>
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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