The Basis of RCG Economics’ Market Position

John Restrepo began providing  regional economic, real estate and financial consulting services over 27 years  ago, 18 of which have been in the Western U.S., first with Mountain West  Research as Vice President and then with Coopers & Lybrand L.L.P. (now  PricewaterhouseCoopers) as the Director of the Las Vegas office. His service  focus has grown from a consulting practice dealing with urban economic issues  into a leading source of real estate, gaming, urban planning and regional  economic advice in the Southwest.

RCG Economics (“RCG Economics”) is the next evolutionary step in this process, leading to  involvement in virtually every phase of the development process from concept  design, planning and zoning, and financing to marketing of the final product. RCG Economics’  diversification is also enhanced through our affiliated professionals in Las Vegas, Phoenix and Los Angeles.

RCG Economics’ strong market position in  meeting client requirements is based on three areas: 1) A focus on innovative  approaches to traditional questions; RCG Economics stands for creative thinking and  intellectual vitality. 2) An emphasis on quality information and sound  methodologies. 3) Providing a high level of service in a timely fashion.

Our professional approach results in:

  • Top quality analyses in a time frame that meets the practical realities of commercial, resort and residential development
  • Market-based development concepts that are easier to finance and that meet with strong user acceptance
  • Realistic public policy strategies that are based on private market realities

RCG Economics’ deep involvement in the  development and land planning process is reflected in our commitment and  results-oriented approach to meeting our clients’ needs.

Real  Estate & Gaming Consulting

As a dominant source of strategic  information related to real estate development in the Southwest, RCG Economics offers a  broad range of consulting services to the real estate and financial industries.

Our consulting work involves the  full array of actors in the development process – developers, corporations,  property owners, land brokers, engineers, physical/land use planners, financial  institutions, investors, zoning attorneys, architects, leasing agents and  property brokers.

To meet the ever-changing and complex  needs of our clients, RCG Economics’ consulting services are grouped into specialized  real estate service lines:

CASINO-RESORT SERVICES. As a major resource for the gaming industry and real estate  developer, our role is to determine the economic and market viability of  proposed and existing casino-hotel projects. Our services include project and  market feasibility and strategy development.

INDUSTRIAL SERVICES. Comprehensive and up-to-date market information is  analyzed for both speculative and non-speculative industrial markets to provide  our clients with development recommendations, valuations, and strategies for  industrial buildings and mixed-use business/industrial parks.

LAND PLANNING. RCG Economics specializes in generating mixed-use development concepts  for large land parcels. Based on market data, projected growth, and anticipated  future competition, we develop concepts that define themix  of uses, general location of uses, absorption schedules, target markets and  anticipated pricing.

MASTER-PLANNED COMMUNITY SERVICES. Our active and planned community databases, up-to-date market  information and customized consulting services provide bottom-line  recommendations to decision-makers in the for-sale housing industry. Services  include product and pricing recommendations, site selection, supply and demand  analyses, feasibility studies, target market analyses and highest and best use analyses.

MULTI-FAMILY SERVICES. A continuum of services supports the apartment developer and  lender throughout the development process, from the early stages of land  acquisition, development concept planning, financing, appraisal, land planning  and zoning, product design and marketing to disposition strategies for  stabilized properties.

OFFICE SERVICES. An emerging center of economic importance, the Las Vegas office market  continues to be fueled by long-term projections of population and employment  growth. RCG Economics’ comprehensive and detailed analysis of metropolitan area and  national absorption trends, land pricing, and employment growth supports  developers, financial institutions and investors in strategic planning  decisions, site selection, feasibility analysis, marketing, disposition  strategies and appraisal.

RETAIL SERVICES. Absorption, vacancy, rental rates, and tenant profiles are  analyzed for strip, neighborhood, community, and regional centers. Combined  with our comprehensive economic and demographic capabilities, our consultants  deliver powerful decision-making tools to retail developers, investors, large  retailers, franchisers and financial institutions.

 

Regional & Urban Economics/Public  Planning

RCG Economics is at the forefront of  state-of-the-art techniques in regional economic research, while our real  estate consulting has injected market reality into our public planning  consulting. Over the past 10 years, our professionals have completed a variety  of economic research/public planning projects across most of the western United States.  Currently, we focus on three broad activities.

ECONOMIC DEVELOPMENT. Includes base analyses, industry studies, development  planning, and information services for development implementation. For Las Vegas, we maintain a  census of all major employers and monitor national/international trends in  those industries.

These databases combined with our  real estate supply-side databases give us the information-based edge for  economic development planning. The professionals of RCG Economics have completed a  variety of economic-base analyses. Our economic development implementation  services include the application of demographic, economic and real estate  supply information to a variety of economic development problems, including  industry targeting, advertising and marketing strategies.

REGIONAL ECONOMIC RESEARCH. Based on urban and regional modeling and economic/demographic  projections. RCG Economics is a leader in providing projections of population,  employment, household income for a variety of public and private sector clients  having a broad range of needs.

URBAN DEVELOPMENT SERVICES. A focus on the public side of urban growth and community  development issues, including land use planning, infrastructure/capital  facilities planning, public services planning and economic/fiscal impact  analysis. RCG Economics’ clients include the full range of public bodies in the –  regional commissions, state agencies, counties, cities and other local  jurisdictions. RCG Economics’ strength lies in our rigorous application of analytical  techniques – population forecasting and public needs assessment for  infrastructure, the fiscal balance sheet for private development – coupled with  the market realities from our private sector real estate consulting.

 

Public Policy Research

RCG Economics’ mission is to provide the highest quality public policy  research and analysis to its clients’ complete satisfaction as efficiently and  timely as possible.

RCG Economics  provides a wide variety of services to both public and private sector entities.  The foundation of the practice is the use of sound economic principles to  understand and help solve public policy problems for our clients. Much of the  work involves analysis of the forces causing economic and demographic changes  within a region or urban area.

Credible  public policy research built on solid information, sound analysis and reported  in an effective manner can be more powerful than the rigid political language.  Any organization with an interest in creating public policy must have  well-researched public policy goals, based on detailed research. However, the  internal resources required to develop such research and analysis it is not  always possible or desirable for many small organizations or those with  periodic, specialized interests.

RCG Economics’  tradition of problem-solving continues in our public policy research work. RCG Economics  conducts research and provides analysis to address the challenges facing Nevada. RCG Economics focuses on  several areas of research, which reflect the changing nature of the state. Much  of this research is conducted on behalf of public and private clients. All  RCG Economics’ work — including white papers, databases or major reports — is held to  rigorous review procedures. Such scrupulous standards are the foundation of  RCG Economics’ strong reputation in Nevada.

Sometimes  clients request that RCG Economics provide research without indicating a specific course  of action. At other times, RCG Economics will provide a range of solutions, including the  advantages and disadvantages of each. On certain occasions, RCG Economics will develop  succinct policy recommendations. What remains unwavering is RCG Economics’ commitment to  objective and independent research. This is accomplished in a variety of ways,  including press releases to the media, testimony by RCG Economics’ experts and reports.

Range of Services – Our  approach to regional and urban economic consulting incorporates bottom-line  market realities into public policy and planning decisions. RCG Economics is comprised of  urban economists, planners, and real estate analysts.

Research Intelligence
– RCG Economics  gathers the right information to make the best possible case for its clients’  issues as well as knowing what is behind the opposition’s policy position.

Strategy Innovation – RCG Economics  crafts public policy proposals that are truly unique and effective.

Policy  Alternatives
– RCG Economics works closely on design and along the way to ensure the end  product is what was requested.

Comprehensive and Cogent Research
– RCG Economics  creates full packages – solid quality research, but with PowerPoint versions  and policy briefs for easy digestion.

Sponsored research in our clients’  names or anonymously
– RCG Economics confidentially collects information  from sources including interviews – our clients do not have to reveal who they  are or how much they are spending.

Our  team has combined expertise in:

  • Analysis of Proposed Legislation
  • Analysis of Citizen Initiatives
  • Regulatory Changes
  • Public Policy Innovation
  • Regulatory & Policy Reform
  • Program Evaluation
  • Forecasting
  • Strategic Planning
  • Public Finance
  • Market-based Modeling

 

Summary  of Products

In addition to its advisory  services, RCG Economics offers several information products. These include quarterly  market surveys of office, industrial and retail markets, regional profiles and  a monthly real estate newsletter.

QUARTERLY MARKET EXECUTIVE  SUMMARIES & SURVEYS. These reports are prepared  in conjunction with Colliers International and focus on existing and projected  supply/demand balance in the office, retail and industrial markets in the Las Vegas Valley. The supply analysis deals on a  building-specific basis, including existing, under construction and planned projects.  The demand analysis contains absorption estimates tied to region-specific  economic and demographic trends. Synthesizing supply and demand conditions  provides the context in which proposed developments can be meaningfully  evaluated.

METRO AREA PROFILES. This product provides an integrated view of metropolitan area  trends and patterns. They provide a comprehensive view of economic and  demographic forces, the institutional/political context, existing and projected  market conditions and areas of significant development opportunity (or  liability) in a given region.

MONTHLY ECONOMIC  INSIGHT NEWSLETTER. This newsletter  tracts monthly changes in the health of the Southern   Nevada economy be monitoring for major indicators – total job  change, job change by sector, unemployment claim filings and median house  prices. The newsletter is emailed to over 1,000 subscribers each month