Southern Nevada The Las Vegas Valley retail market started 2017 with a small rise in the vacancy rate - 0.3 points from 10.5 percent in Q4, 2016 to 10.8 percent in Q1, 2017. At this point, the Valley’s retail market is generally stabilized. However, this “stabilized” state, just below the surface, remains in flux. The Las Vegas Valley retail market started 2017 with a small … [Read more...] about Retail Summary: First Quarter 2017
Las Vegas real estate
WestCorp Management Group Retained To Manage Assets In $170 Million Las Vegas Real Estate Purchase
LAS VEGAS - WestCorp Management Group has been retained to continue managing Dream, SW and Union, three Southern Nevada apartment communities recently purchased by leading New York investment firm Blackstone for $170 million. WestCorp opened, stabilized and managed the combined 972 units for Nevada West Development prior to the sale. ARA Newmark brokered the transaction. The … [Read more...] about WestCorp Management Group Retained To Manage Assets In $170 Million Las Vegas Real Estate Purchase
Nevada Legislature Was Good to Homeowners, Nevada Realtors Report
RENO – Homeowners fared well during the 2017 session of the Nevada Legislature. So says the statewide Nevada Association of REALTORS (NVAR), which cited several new laws that should help homeowners, along with some issues that could have hindered them and the real estate industry had they passed. “The legislative process is never pretty,” 2017 NVAR President Greg Martin … [Read more...] about Nevada Legislature Was Good to Homeowners, Nevada Realtors Report
NAIOP Southern Nevada Presents “Master Builders: Community Development”
Guest speakers from The Howard Hughes Corporation, Union Village and The UNLV Harry Reid Research & Technology Park NAIOP Southern Nevada presents “Master Builders: Community Development” as part of its monthly member meeting. The meeting is sponsored by The Blue Store, Telecom Savings Store. NAIOP Southern Nevada is also accepting donations of ties and gently used … [Read more...] about NAIOP Southern Nevada Presents “Master Builders: Community Development”
GLVAR Reports Despite Housing Shortage, Local Home Prices and Sales Keep Rising
Revised GLVAR Housing Statistics for May 2017 LAS VEGAS – Despite a shrinking housing supply, the Greater Las Vegas Association of REALTORS (GLVAR) reported that local home prices and sales continued to rise. GLVAR reported that the median price of existing single-family homes sold during May through its Multiple Listing Service (MLS) increased to $250,000. That was up … [Read more...] about GLVAR Reports Despite Housing Shortage, Local Home Prices and Sales Keep Rising
Rancharrah Opens Its Gates for a Public Grand Opening Celebration
Reno’s Camelot will officially open to the public during a Grand Opening celebration on Saturday, June 10 from 11 a.m. to 6 p.m. Created by casino magnate Bill Harrah in 1957 to be the “perfect place” to call home, Rancharrah has been reimagined into a 141-acre master-planned community. Rancharrah’s first real estate offerings will be released to the public during the Grand … [Read more...] about Rancharrah Opens Its Gates for a Public Grand Opening Celebration
Affordable Housing Applications Now Available for Boulder Pines Family Apartments — Affordable Living, Great Amenities Starting at $553 a Month with Income Qualification
Applications are now being accepted for the first phase of the Boulder Pines Family Apartments, multi-family affordable apartments that are co-located with wraparound service partnerships to meet the holistic needs of the community on Boulder Highway. Monthly rents will be $553 to $1,082 per month for 2, 3, and 4-bedroom apartments. Each unit comes with a washer and dryer, … [Read more...] about Affordable Housing Applications Now Available for Boulder Pines Family Apartments — Affordable Living, Great Amenities Starting at $553 a Month with Income Qualification
NVAR Celebrates American Dream, National Homeownership Month
RENO – June marks National Homeownership Month, which recognizes the value of homeownership to individuals, families, communities and the nation’s economy. From building long-term personal wealth to fostering communities, strengthening social stability and driving the national economy, the value of homeownership is indisputable. The National Association of Realtors (NAR) is … [Read more...] about NVAR Celebrates American Dream, National Homeownership Month
Colliers International – Las Vegas Raises $115,000 at 23rd Annual Links for Life Charity Golf Tournament
Mike Mixer, Executive Managing Director of Colliers International – Las Vegas announced the company’s 23rd Annual Links for Life Charity Golf Tournament raised more than $115,000 for various children’s charities in Southern Nevada. This year’s event was held on May 17 at the Las Vegas Country Club. Benefactors from across Southern Nevada had an enjoyable day on the course … [Read more...] about Colliers International – Las Vegas Raises $115,000 at 23rd Annual Links for Life Charity Golf Tournament
Covering Your Assets: Commercial Real Estate Title Insurance in Nevada
Commercial title insurance protects buyers and investors against loss if a problem arises with their non-residential transaction. Coverage protects against loss for the owner and the lender if there’s a problem with the title. Commercial real estate title insurance covers apartments and office buildings, retail development and industrial facilities, investors, … [Read more...] about Covering Your Assets: Commercial Real Estate Title Insurance in Nevada
Red Report: June 2017
E Sale, Industrial ADDRESS 5080 Judson Ave. 89115 BUYER JDS Surfaces, LLC SELLER Liber, LLC DETAILS 14,500 SF; $850,000 APN 140-20-502-015 SELLER’S REP Danielle Steffen, SIOR and Amy Ogden, SIOR of Cushman & Wakefield | Commerce H Sale, Office ADDRESS 2534 Anthem Village Dr., 89052 BUYER Conejo Valley Properties SELLER Robison Seidler, Inc. DETAILS 5,040 SF; … [Read more...] about Red Report: June 2017
Office Summary: First Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q1, 2017 increased by 0.1 points to 20.3 percent from Q4, 2016. Vacancy rates ranged from 15.4 percent for Class C space to a high of 27.0 percent for Class A space in Q1. Across the board, office submarkets are well above the 10 percent stabilized rate. There was one Spec Office completion in Q1, the 150,000 square … [Read more...] about Office Summary: First Quarter 2017
Dickson Commercial Group Completes Disposition of Premier Downtown Reno Office Building
Reno - Dickson Commercial Group (DCG) is pleased to announce the successful sale of 1 E. Liberty Street in Downtown Reno. The six-story, 89,000 square-foot office building, commonly known as the U.S. Bank Building, was purchased by 1 Liberty C2K LLC, and was financed by New York Based UBS. Dominic Brunetti, CCIM and Scott Shanks, SIOR represented the seller, Reno-based … [Read more...] about Dickson Commercial Group Completes Disposition of Premier Downtown Reno Office Building
Nevada REALTOR® Jack Woodcock earns NAR’s highest honor
WASHINGTON, D.C. – Longtime Las Vegas REALTOR® Jack Woodcock was named the 91st recipient of the prestigious National Association of REALTORS® Distinguished Service Award (DSA) at the REALTORS® Legislative & Trade Expo in Washington, D.C. NAR established the DSA in 1979 to honor REALTORS® who have made outstanding contributions to the real estate industry and who serve … [Read more...] about Nevada REALTOR® Jack Woodcock earns NAR’s highest honor
CALV Attracts a Record Crowd to Its May Mixer
LAS VEGAS – Commercial Alliance Las Vegas (CALV) attracted a record crowd to its annual spring mixer for local real estate professionals. CALV President Jennifer Ott, CCIM, said 167 commercial and residential real estate professionals and others attended the mixer held May 3 at the Cili Restaurant at the Bali Hai Golf Club on the Las Vegas Strip. Attendees enjoyed fine … [Read more...] about CALV Attracts a Record Crowd to Its May Mixer