Tag Archives: analysis

Analysis: Funds, skill could bleed far from med school if Jessup departs UNLV


Image courtesy of TSK Architects

/ Co Architects The future house of the UNLV School of Medicine.

contact) Thursday, March 15, 2018|8:45 p.m. Related news Geri Kodey/ UNLV Photo Solutions Barbara Atkinson UNLV’s medical school could suffer major losses in financing and skill

leaves Las Vegas, the dean

of the medical school said. Barbara Atkinson, who took charge of the medical school about 8 months prior to Jessup became president in 2015, said the disruption in management

threatened to stop development in the development of the school, which in turn could trigger administrators to look for opportunities elsewhere. Atkinson would face an unsure future herself. Although she stated she had no plans to abandon the school, she– like Jessup– has faced public criticism from some members of the Nevada Board of Regents.”I hope the school is on track now to be able to get what it needs to have actually done, however there are individuals who ‘d want to have me fired or ousted one method or another, and if that ought to occur possibly a few of individuals I have actually recruited will

wish to leave too,”she said.”Individuals get options, and if they’re excellent individuals they can go anywhere they want to go– simply as Len could go to a school with more eminence than this one if he really wanted to go.”Atkinson said she was stunned when Jessup, in the middle of pressure from a faction of members of the Nevada Board of Regents, announced Wednesday he was looking for opportunities at other universities.”I was actually shocked that the regents would believe that they might discover someone better than him

— someone with a bigger vision and more to offer, “she said. Jessup’s announcement has actually already impacted the medical school. It prompted the Engelstad Foundation to rescind a$ 14 million gift it had offered building of a training building for the school. In turn, a megadonor who supplied a$25 million present that was matched by the state said she was reevaluating that gift and future contributions. Atkinson stated losing the presents could substantially postpone plans to increase the size of the school, which presently is restricted to class sizes of 60 students. The typical class size of a medical school in a university the size of UNLV is about 180, she stated, and classes at the University of Kansas Medical Center

, which she directed prior to coming to UNLV, were at 225 students when she left.”It probably might postpone the procedure a year or two or possibly more if other donors choose to not support the school,”she stated. Atkinson said she believed Jessup, who is in the 3rd year of a five-year contract, wished to stay in Nevada. Ought to he leave, she stated, there would likely be a chilling result among prospective candidates to succeed

him.”You have to state that it’s not going to be simple to attract a top-notch president after the problems with Len, who’s been a

really good president, “she said. “There have actually been multiple excellent presidents who have left– I guess 4 of them simply in the last four or five years. I’ve been here four years and I have actually worked with three presidents from the time I initially talked to for this task. So that’s not going to be simple.” Mikayla Whitmore Students position for a group image after a stethoscope ceremony by UNLV School of Medication for the inaugural class of medical trainees at the Trainee Union in Las Click to enlarge photo

17, 2017. 60 trainees were honored and presented with stethoscopes donated by Constantine George, MD. Jessup has mastered employing deans and other administrators, enhancing the university’s fundraising efforts and forming a strategy to elevate UNLV to a high-level research organization, Atkinson stated.”He simply has a great deal of qualities that make him an actually great president and would make him an excellent prospect anywhere he wanted to go,”she stated.” I simply hope he doesn’t want to go.”But both Jessup and Atkinson have been targeted by critics who feel otherwise. Throughout an interview Thursday, she addressed some of the concerns on which Jessup has been targeted. Amongst them: – Atkinson referred to as “totally unfair”criticism raised in a

recent Board of Regents conference that UNLV had actually been deceptive and misleading about cost price quotes for the medical school structure. The problem: UNLV had actually increased the quote from$100 million to$200 million or more without informing decision-makers. However Atkinson stated that after originally specifying the price quote at $100 million throughout the 2015 session– a figure that she stated was a demand from the university’s CFO at the time– she later informed lawmakers that it would take more than $200 million to develop a facility to house class sizes of 180.( In addition, records from a June 2017 hearing on the medical school before the Assembly Ways and Means Committee, a legislative staff member said NSHE showed that “the total building and construction expenses for the new medical structure would be potentially anywhere from $100 million to $200 million.”)- The $25 million present triggered criticism that the UNLV administration went to Gov. Brian Sandoval with a request for matching funding without informing the regents. Atkinson stated the donor, not Jessup or anyone at UNLV, went to Sandoval with the proposal for matching funds. Atkinson included that throughout the 2015 legislative session, when UNLV looked for $27 million in start-up funding for the school, a group of regents went to Sandoval without notifying UNLV and informed him”we weren’t ready for the cash. “Sandoval requested $8 million, however legislators later authorized the full $27 million after uproar from the medical school’s advocates. Ought to progress at the medical school be delayed, the impacts on Southern Nevada might be substantial. The economic effect of the school has actually been estimated at$3.6 billion by 2030 once it is fully working. Amidst the uncertainty over Jessup, Atkinson said the medical school would continue working on enrolling trainees, developing its faculty and raising funds for its center

. The Engelstad Structure revealed that a$10 million present it provided for scholarships would stand, and the structure just recently contributed additional financing to provide scholarships for the school’s inbound second class.

If funding for the building collapses, Atkinson stated, the school would continue operating in its existing centers while dealing with fundraising. Atkinson, who suffered a significant health issue that sidelined her for numerous months, has gone back to work and said she was “enjoying being back.””Things are going well,”she said.”I have a very good group.” She stated she hoped the existing turmoil would wane and Jessup would stay put.”I would state that a lot of the regents are extremely encouraging and have been all along. I do not wish to have any sort of bad backlash versus the regents who are helpful of what we have actually attempted to do. There are a few who haven’t been encouraging of Len, and there are a few who’ve had specific issues with me. On

the entire, I prefer to pay attention to their issues in

particular, but actually any person’s concerns, and try to overcome them and determine exactly what has to be

done.”So I’m enthusiastic that we can have a great relationship going ahead in the future, but mainly I’m hopeful that Len stays and has the ability to execute his vision.”

CoStar Analysis: More Than One-Quarter of Houston'' s Industrial Property May Have Suffered Flood Damage

Flooding in Texas and Louisiana impacted almost one-fifth of U.S. oil-refining capacity, sending gas rates higher and raising concerns for future supply.

As the flood waters finally begin to decline in Texas and Louisiana, authorities warn the storm waters continue to present risks to life and property. Nevertheless, the area is moving into healing mode and beginning to take a full step of the unmatched destruction brought by Typhoon Harvey.

A CoStar Group, Inc. assessment of the possible impact of the legendary storm on the Houston commercial realty market reveals that 27% of the market’s gross leasable location, representing approximately $55 billion in home worth, was likely affected by flooding.

Included in the approximated is 175 million square feet of industrial area located within the Houston metro’s 100-year flood zone that appears to have actually been inundated by the epic floodwaters, consisting of some 72,000 apartment or condo units and 20 million square feet of office. Another 225 million square feet sits in the broader 500-year floodplain as well as appears to have been impacted by flooding.

Harvey, which initially made landfall at Rockport, TX, as a Classification 4 hurricane early Aug. 26 then stalled over the Texas coast, broke all records to become the wettest hurricane in the adjoining United States, and the greatest in regards to wind speed to strike the nation given that Cyclone Charley in 2004. Weather specialists have approximated that through Wednesday, the storms had disposed an approximated 20 to 25 trillion gallons of water on Texas and Louisiana.

” Unfortunately, the variety of displaced locals might be far bigger than current media reports show,” CoStar Group creator and CEO Andrew Florance stated. “Our property-by-property review of the possessions in the flood plain reveals an outsized share includes low- to moderate-income families, including those in southwest Houston, where the bayous overflowed.”

Editor’s note: Click here to see CoStar’s microsite on Harvey’s impact on Houston business residential or commercial property, consisting of a map, charts and a list of possibly affected homes.

Greater Houston ranks as the sixth-largest U.S. metro location in the United States by total CRE space at 1.6 billion square feet. An overall of 12,000 residential or commercial properties with 400 million square feet of area are within the Federal Emergency situation Management Administration (FEMA) designated 500-year flood plain zone. Only 9 million square feet of that area, consisting of 4,000 apartments, is located within a designated floodway.

Inning accordance with CoStar data, $16 billion of the $55 billion in property at risk is comprised of apartment within the 100-year flood zone. The key question for all CRE owners, investors, tenants and analysts is now what does it cost? of that home has or will sustain damage due to water incursion.

CoStar is planning to conduct an air survey to more totally examine the damage as soon as it is authorized to do so.

The densely inhabited Southwest Houston submarket, the home of more than 66,000 house systems, is most likely to be the district most affected by flooding. Almost 30% of the submarket’s apartment systems are estimated to be impacted, with the Braeburn, Greater Fondren and Sharpstown communities having the largest variety of units within the 100-year flood zone.

Each of those communities borders Brays Bayou, among the river ways that snakes through southwest Houston and has actually overflowed because of the historic torrential rains.Click to Broaden. Story Continues Listed below

An extra 5 million square feet of space is under building within the floodplain, including 3,144 apartment or condo systems, representing about one-fifth of the 25 million square feet of CRE under building and construction in Houston, including more than 12,000 apartment units.

The Greenspoint district, which has had elevated jobs following the departure of ExxonMobil in late 2015, is the metro’s most affected office submarket, with some 3.5 million square feet falling within the 100-year floodplain.

Couple of Definitive Damage Reports Yet Offered

Numerous CRE owners and supervisors had actually not yet had the ability to access their properties as of mid-week, not to mention make a comprehensive price quote of losses from Harvey, which has discarded practically 52 inches of rain in parts of southeastern Texas. At least 37 deaths had been reported as of early Thursday.

Pure Multi-Family REIT LP, a Vancouver-based multifamily REIT, reported that its 216-unit Boulevard at Deer Park residential or commercial property in the suburb of Deer Park southeast of Houston was positioned under an evacuation order due to flooding in the immediate area. The business did not right away have an evaluation of potential damages.

The business’s second Houston home, the 352-unit Broadstone Walker Commons in League City south of Houston, Texas, was not materially impacted by the storm, though they will continue to keep an eye on the property. 10 residential or commercial properties in Dallas Fort Worth, 4 residential or commercial properties in San Antonio, and one property in Austin

Pure Multi-Family REIT, which owns 10 properties in Dallas/Fort Worth, 4 homes in San Antonio, and one home in Austin, stated it will make comprehensive evaluations in coming days and weeks to examine the extent of any damage.

” We prepare for that it may take weeks to adequately assess the damage, if any, at our two homes in the Houston location,” stated Pure Multi-Family CEO Steve Evans. “As a regular course of company, Pure Multi-Family has insurance coverage in effect at all of our apartment homes.”

” It is going to spend some time for the extent of the damage in the higher Houston location to be completely understood,” Evans stated.

A variety of REITs and other CRE owners issued statements offering update on their Houston-area properties and efforts to help personnel and occupants, with companies reporting they have adequate property and casualty insurance coverage in location, which wind and rain was hindering damage assessments, including single-family home rental firm American Houses 4 Rent, which owns about 3,200 rental houses in the Houston market location.

” Our evaluation will be ongoing for numerous days,” stated American Residences 4 Rent CEO David Singelyn.Oil, Gas Line Damages to Increase Gas Costs Walter Kemmsies, a managing director, economist and chief strategist for JLL’s U.S. Ports, Airports and International Facilities Group, tells CoStar that direct and indirect damage from the disaster, while not yet understood, will definitely have an effect that ripples throughout the country. Damage to oil and gas pipelines

will cause supply issues that will lead to increased fuel costs throughout the United States, a process that has actually already started. With more than a dozen refineries closed due to flooding, the nationwide average hit$ 2.43 per gallon as of mid-afternoon Wednesday, up 7 cents from a week back, inning accordance with consumer details site GasBuddy.com. From the point of view of impact to U.S. seaports, Harvey is similar in magnitude and impact to cyclones Katrina and Sandy, while farmers will have to assess agricultural damage to crops that were entering into the late-summer harvesting season. JLL Managing Director Walter Kemmsies stated seaports such as Port Houston could feel the sting of Cyclone Harvey economic effects. “All this taking place prior to the cresting of the flood waters,” Kemmsies stated.

” Which water still has to drain (prior to the extent of the problems is known). We’re all simply biting our nails. “As a result of the Panama Canal expansion and increased downstream demand in current

years, port volumes and industrial real estate demand are higher than ever in Gulf Coast ports, Kemmsies kept in mind. At Port Houston, for instance, 20-foot equivalent system (TEU )volumes increased from 4.6% to 5.2 %of overall U.S. TEU volumes from 2010 to 2017, he stated. Under contingency plans that enter into impact at the first warning of a typhoon, cargo slated for export would have been

rerouted to other upland ports, and Port Houston could see decreased shipping volumes because Typhoon Harvey will likely disrupt railway connections as far as a few hundred miles away, Kemmsies added. CoStar Senior News Editor Mark Heschmeyer added to this report.

CMBS Full Year Analysis: Securitized Properties Continue to Post Cash-Flow Growth

Industrial, Retail Post Strongest Development; Hotels Only Residential or commercial property Type to Post Decline

Full-year 2016 capital numbers are in for about 75 %of loans securitized in CMBS deals with the majority of debtors reporting higher than the historic development average for a lot of residential or commercial property types, however the rate of development is down slightly from record development in 2015.

The CMBS market experienced 3.4% net cash (NCF) flow development in 2016, inning accordance with bond score agency DBRS Inc. Although this is higher than the historic average of 1.1% because 2000, 2016 development was a full 1% lower than the NCF growth rate in 2015.

Cash flow growth decreases were observed in all significant residential or commercial property types, except industrial and retail. Industrial NCF growth has actually been strong as a result of increased demand for area. The self-storage sector likewise published the strong cash flow development for 2016– performing at near to 10% for 3 years in a row, although more current anecdotal reports recommend self-storage has cooled.

And although the retail sector has been under extreme pressure just recently, cash flow growth in 2016 still exceeded 2015 growth by 0.24%. After breaking down all retail residential or commercial properties to the DBRS retail sub-property type, DBRS observed that capital of the anchored retail, local mall and weekly anchored sectors was growing much faster in 2016 than 2015, the sole exception being unanchored retail.

Office cash flow development saw a huge slowdown, going from about 5% in 2015 to about 2% last year.

Having an even worse year was the hotel sector. Amongst all the major property types, it was the only one to tape-record a decline in NCF development throughout 2016, reducing by 0.78% compared with the previous year. This is the very first decrease given that the Great Economic downturn and an indication that the existing revenue cycle may have currently turned, inning accordance with DBRS experts.

” It’s a strong indicator. In previous economic crises, the hotel sector has always been the very first sector to see tension. With limited spending plan, home entertainment and leisure are frequently the very first thing to obtain cut,” said Tom Yang, assistant vice president of North American CMBS at DBRS.Multifamily’s Strong Profitability Softening DBRS’ analysis of CMBS returns also found multifamily CMBS capital growth slowing from about 7% in 2015 to about 5% in 2016. A different CoStar Think piece in April

2017 of property-level information on security backing loans securitized by Freddie Mac and Fannie Mae, revealed comparable growth. NOIs per unit climbed 5.3 %year-over-year in 2016. However, property-level financial efficiency reporting so

far this year through July 15, 2017, shows that level of development might not be holding up. About 1,000 residential or commercial properties amounting to almost 223,000 systems have actually reported 2017 occupancies and NOIs. Occupancy numbers are up 2.8 percentage points in those properties. Nevertheless, NOIs are declining. The debt service coverage ratio the NOIs generate have fallen from 1.91 to 1.86.< img src =" /wp-content/uploads/2017/08/RelatedNews.JPG" width =" 120 "align =" left" class =" c7"

/ >

Handwriting analysis of Britney, Mariah, J.Lo, Elton John, Rod Stewart


Denise Truscello/WireImage/DeniseTruscello. net Opening night of Britney Spears'”Britney: Piece of Me”on Friday, Dec. 27, 2013

, at The Axis in Planet Hollywood. By Robin Leach(contact )Wednesday, Aug. 5, 2015|12:54 a.m. Grace Thompson: Handwriting Analysis Launch slideshow”We have actually invited back handwriting analyst Grace Thompson to have a look at five of our cherished Strip entertainers who are homeowners for Caesars Home entertainment– Britney Spears and Jennifer Lopez at Axis at Planet Hollywood (J.Lo beginning in January)

and Sir Elton John, Mariah Carey and Rod Stewart at

the Colosseum in Caesars Palace Grace told us:”These 5 stars were picked at random: Britney Spears, Jennifer Lopez, Mariah Carey, Sir Elton John and Rod Stewart.”When I researched their signatures, I found that their writing and trademarks had actually changed significantly through the years, so I tried to assess samples from past and present.”Just like most everyone, as our lives alter, so do our writing styles.”I hope your readers delight in the reports.”Grace assessed the handwriting of Celine Dion, Holly Madison, Criss Angel, Carrot Top and Rick Harrison for us in March. Grace Thompson can be reached

at [email protected] and her website at ATransitionalJourney.com. Robin Leach of “Lifestyles of the Rich & Famous” popularity has actually been a reporter for more than 50 years and has actually invested the previous 15 years giving readers the inside scoop on Las Vegas, the world’s premier platinum play ground. Follow Robin Leach on Twitter at Twitter.com/ Robin_Leach.

Follow Las Vegas Sun Entertainment+Luxury Elder Editor Don Chareunsy on Twitter at Twitter.com/ VDLXEditorDon. Caesars Palace. Transport yourself to the extravagant and excessive Roman Empire at Caesars Palace. However the ever-changing Caesars Palace is far from ancient. The hotel and gambling establishment is constantly raising bench for exactly what visitors can expect in a Vegas resort

experience. Caesars Palace showcases 3,348 rooms and suites in 5 towers, including the new luxury shop Nobu Hotel and Restaurant

, which opened Feb. 4, 2013, in the completely refurbished Centurian Tower. Caesars features 129,000 square feet of pc gaming area, including the

Strip’s largest poker space and a 250-seat sports book. Other features consist of about two dozen restaurants, a four-level shopping mall, four swimming pools, a health club, Pure and Poetry bars and Pussycat Dolls. Dining choices consist of dining establishments from world-renown chefs Man Savoy, Wolfgang Puck, Bobby Flay, Gordon Ramsay and, on Feb. 4, 2013, Nobu Matsuhisa.

You never know what characters you’ll encounter at Caesars with routine entertainers like Jerry Seinfeld, Bette Midler, Elton John and perhaps even the emperor himself. 3570 S. Las Vegas Boulevard Las Vegas, NV 89109 702-731-7110 Planet Hollywood Resort and Casino Dealing with the young and contemporary crowd, Planet Hollywood is a one-stop purchase entertainment with its huge shopping center, variety of restaurants, spacious casino and clubs. The setting of the casino is retro-chic satisfies state-of-the-art with black granite floors throughout and colorful

LED lights throughout the space. The theme brings into the 100,000 square-foot gambling establishment with 250 flat screens topping off fruit machine. The casino is also home to 87 tables, a sports book and a poker space. There’s also the Miracle Mile Shops, one Vegas’biggest shopping centers, with 140 shops consisting of BCBG Max Azaria, bebe, Urban Outfitters and The Discovery Channel Store. Following an afternoon of shopping, visitors can satisfy their hungers at one of the gourmet dining establishments in Planet Hollywood, like the non-traditional approach to steakhouses at Strip House or check out the exotic Far East theme at KOI restaurant and lounge. And if guests are still searching for more, they can spend the after hours at PrivĂ©, Triq or Krave clubs. Perhaps among the resorts most significant attractions can be found in March with the addition of”Peepshow.” The naughty twist on the story of Little Bo Peep is modern-day spin on the ordinary Vegas
partially nude review

. The”Peepshow”stage has actually seen visiting superstars like Scary Spice Mel B, “Dancing with the Stars”Kelly Monaco and Playboy’s Holly Madison. 3667 S. Las Vegas Blvd. Las Vegas, NV 89109 702-785-5555