Brian Gordon Quotes (28 Quotes)

Asking rents are going to continue rising in 2006 and beyond due to the increased cost of development. This is another example of a developer being required to shift design plans to meet the current economic conditions of the construction industry.

You cannot give good teams like Troy 26 or 27 outs. These guys are all hard workers. They all love the game.

Developing a critical mass at that site is paramount. The project is not going to capture foot traffic like we see in properties on or adjacent to the heart of the Las Vegas Strip.

We anticipate reasonable operating gains reported by the majority of operators in April. That having been said, we anticipate profit-taking by investors as valuations have reached new levels, which may cause a modest correction April.

We've seen a tremendous amount of interest in that sector of the office market. It's driven by a few things, including rising development costs.

They haven't disclosed their long-term impact, frankly, because they don't know it yet. It's an unknown timeline for redevelopment right now.

We didn't get a lot of hits. We ran into a very good pitcher. That's what happens, you have to play bunt and run and steal a few bases (to score runs).

National consumer confidence levels continued to climb through the end of April. The tourism-related sector posted reasonable gains in total visitation during the past three months.

Despite above average market expansions through the first quarter of 2006, the office sector held its ground as demand nearly matched new supply. The amount of space that came online during the current quarter matched last year's record-setting quarterly average, and was well above the nearly one-half million square feet quarterly average posted during the past decade.

We believe that apartment rent growth will range from 8 to 10 percent by the close of 2005. Rising home values, flat to modest increases in personal incomes and a lack of new inventory all point toward continued growth in rental rates.

The numbers we're looking at represent phenomenal growth rates, not likely to be duplicated in any other industry.

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.

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.

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.

We don't know yet how all that has happened in Mississippi really affects the company's balance sheet.

Through the first half of 2005, supply and demand has remained in relatively stable balance. However, compared to historical activity levels, the amount of space completed this year has been somewhat modest, but we expect the pace to quicken during the second half of this year.

There's a lot of speculation and a lot of investment activity going on in the vacant land market here and that drives prices north. There's concern over the lack of developable land so they're willing to pay premiums. Residential developers are looking to acquire as much land as they can to feed their pipeline for future development.

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.

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.

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.

It's an experienced group, particularly in the gaming sector. They understand the market.

We're looking for demand to continue to stabilize as projects move forward. It is slowing down, there's no doubt about it.

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.

Stable demand and rising land values have placed upward pressure on pricing resulting in a 14.4 percent increase in average asking rates in only six months. With robust sales activity and mom-and-pop operators seeking expansion opportunities, we believe there is room for additional increases in newly constructed retail centers.

It appears that interest in the sector has boosted stock performances, which are not necessarily tied to fundamentals.

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.

If you look at the year as a whole, we're still seeing reasonable year-to-year growth rates.

It really comes down to the dollars and cents of the transaction. There's a cost-benefit analysis that's run on each one of these properties.