HAPPY NEW YEAR 2019!
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
Las Vegas Commercial Real Estate, Investments, Net Lease, Land, Multi-Family, Resort, Hotel, Gaming Properties.
Monday, December 31, 2018
HAPPY NEW YEAR FROM LAS VEGAS!
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
Monday, December 17, 2018
...and to all a Good Night!
Saturday, December 15, 2018
It's a tear down!
To the average tourist, walking into a Las Vegas Resort Casino is usually a wonder.
How did they build this? It's amazing how such structures are even conceived. Etc, etc.
Yet, when a bank forecloses on a property; OR, an owner tries to cut cost by ignoring simple maintenance issues because the owners are (desperately) trying to maximize their capital investment, they will do the usual paint and carpet to try and hide the simple problems that slowly erode the property to the extend that this erosion effects the property's mechanical systems and so forth to the point of decay thus effecting the buildings structural integrity.
Okay, this just means that the lack pf preventive maintenance has eroded the property and thus are no longer able to supply comfort to the tourist staying at the properties.
Such is the case at two well known Las Vegas Resorts.
Yet, the companies that own these properties currently, want top dollar for them.
Recently, I had the privilege to meet with a long time, very experienced casino-hotel operator who has his own opinion about both properties.
His reaction after viewing the properties was surprising, yet not surprising. He referred to both as, "It's a tear down!"
He stated that the only value they have left is in the land.
And, after touring the properties, I am in agreement.
What is that old saying? If you put lipstick on a pig, it's still a pig? That applies here.
Sure, the owners want as much as possible to be rid of these problem properties they have continued to throw money at. But from the very beginning, the fact they they continued to throw money at them was in reality wasting money. (They should have known better.)
If you want to know which properties I am referring to, email me your contact information, I will send you my Non Circumvent, Confidentiality Agreement, then we will continue this discussion.
Happy Holidays!
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
How did they build this? It's amazing how such structures are even conceived. Etc, etc.
Yet, when a bank forecloses on a property; OR, an owner tries to cut cost by ignoring simple maintenance issues because the owners are (desperately) trying to maximize their capital investment, they will do the usual paint and carpet to try and hide the simple problems that slowly erode the property to the extend that this erosion effects the property's mechanical systems and so forth to the point of decay thus effecting the buildings structural integrity.
Okay, this just means that the lack pf preventive maintenance has eroded the property and thus are no longer able to supply comfort to the tourist staying at the properties.
Such is the case at two well known Las Vegas Resorts.
Yet, the companies that own these properties currently, want top dollar for them.
Recently, I had the privilege to meet with a long time, very experienced casino-hotel operator who has his own opinion about both properties.
His reaction after viewing the properties was surprising, yet not surprising. He referred to both as, "It's a tear down!"
He stated that the only value they have left is in the land.
And, after touring the properties, I am in agreement.
What is that old saying? If you put lipstick on a pig, it's still a pig? That applies here.
Sure, the owners want as much as possible to be rid of these problem properties they have continued to throw money at. But from the very beginning, the fact they they continued to throw money at them was in reality wasting money. (They should have known better.)
If you want to know which properties I am referring to, email me your contact information, I will send you my Non Circumvent, Confidentiality Agreement, then we will continue this discussion.
Happy Holidays!
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
Thursday, December 13, 2018
Las Vegas Resort Properties For Sale!
It is a notch in your belt.
It is something you will talk about forever.
Selling a Las Vegas Resort is considered a pinnacle of a real estate career.
But, most will never accomplish this for one reason.
They don't understand the Las Vegas market.
In order to acquire a Las Vegas Resort, Buyers MUST compensate the real estate broker.
It's simply because the Seller, which in a normal real estate transaction usually does, won't when it comes to such a big ticket item.
So, just FYI: when it comes to a sale of a Las Vegas Resort, the Buyer must compensate the broker.
Why?
Because the Seller's corporate attorneys will handle the paperwork - thus handle the entire transaction.
They do this because it is big money to their firms and to them.
They don't want an outsider (a Broker) interfering in their transaction.
It's a sad state for us Brokers, but that's the way it is.
If you want my help in acquiring a Nevada Resort, Casino or Hotel Casino, email me for my 'retainer' form. Once received, fill it out, sign it, email it back then will I proceed to help you acquire a casino type of property.
If you are a qualified Buyer...
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
It is something you will talk about forever.
Selling a Las Vegas Resort is considered a pinnacle of a real estate career.
But, most will never accomplish this for one reason.
They don't understand the Las Vegas market.
In order to acquire a Las Vegas Resort, Buyers MUST compensate the real estate broker.
It's simply because the Seller, which in a normal real estate transaction usually does, won't when it comes to such a big ticket item.
So, just FYI: when it comes to a sale of a Las Vegas Resort, the Buyer must compensate the broker.
Why?
Because the Seller's corporate attorneys will handle the paperwork - thus handle the entire transaction.
They do this because it is big money to their firms and to them.
They don't want an outsider (a Broker) interfering in their transaction.
It's a sad state for us Brokers, but that's the way it is.
If you want my help in acquiring a Nevada Resort, Casino or Hotel Casino, email me for my 'retainer' form. Once received, fill it out, sign it, email it back then will I proceed to help you acquire a casino type of property.
If you are a qualified Buyer...
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
Tuesday, December 11, 2018
Where Nevada Ranks in Best-Worst States for Women
At least Nevada isn't Louisiana! OR, Arkansas! Or Mississippi!
But at 44 out of 50, that's still horrible.
Maybe Senators Catherine Cortez Masto and incoming Senator Jacky Rosen can have some effective change on this.
44. Nevada
Total score: 44.22
Ranking for women’s economic and social well-being: 39th
Ranking for women’s health and safety: 50th
Nevada scored poorly in two categories relating to women’s quality of life. It came in third from the bottom for women without insurance, and it’s tied with three other states for having the highest rate of women killed by homicides.
For your own perusal of the story, click this link. Best Worst States for Women
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
But at 44 out of 50, that's still horrible.
Maybe Senators Catherine Cortez Masto and incoming Senator Jacky Rosen can have some effective change on this.
44. Nevada
Total score: 44.22
Ranking for women’s economic and social well-being: 39th
Ranking for women’s health and safety: 50th
For your own perusal of the story, click this link. Best Worst States for Women
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
Tuesday, December 4, 2018
United States Land Use News Story
This Bloomberg news story on the use of US Land was interesting.
OK.
Maybe it's only interesting to me. But, I learned something by reading it.
Maybe you will, too!
Please enjoy.
2018 US Land Use
To Contact David Howes try: davidATdavidhowesDOTnet
OR; 7 0 2 5 01 9 3 8 8
AND Please #Follow David on Twitter: @DavidAHowes
Have a nice day!
OK.
Maybe it's only interesting to me. But, I learned something by reading it.
Maybe you will, too!
Please enjoy.
2018 US Land Use
Subscribe to:
Posts (Atom)