The signals to office developers to develop are typically simple. Economic growth creates demand for office space, existing buildings begin to fill, rents rise and developers can make new projects pencil out. That’s happening, sort of, across Nevada these days. Vacancy rates in office buildings have fallen to about 12 percent in Las Vegas and about 11 percent in Reno, and … [Read more...] about Office Projects
Las Vegas Valley
American Patriot Fest Brings Replica of Vietnam Memorial Wall to Craig Ranch Regional Park May 18-21
Patriotism is more than simply love of country; it’s also reverence for those who have sacrificed to serve our great nation. The Third Annual American Patriot Fest provides an opportunity to celebrate America’s revered active military, veterans, those who gave all and their families from May 18-21 at the Craig Ranch Regional Park, 628 W. Craig Rd. This free, family-friendly … [Read more...] about American Patriot Fest Brings Replica of Vietnam Memorial Wall to Craig Ranch Regional Park May 18-21
The Anti-Defamation League Announces the First Annual Walk Against Hate Set for April 30
The Anti-Defamation League will host its inaugural WALK Against Hate, an event designed to promote diversity and inclusion in the Las Vegas Valley, from 9 to 11 a.m. Sunday, April 30 at Springs Preserve, 333 S. Valley View Blvd. The family-oriented, multi-cultural event, co-chaired by Melina Gluck and Adam Petrasich, will feature appearances by local officials, including Las … [Read more...] about The Anti-Defamation League Announces the First Annual Walk Against Hate Set for April 30
Retail Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail had an encouraging finish to 2016 with vacancy dropping 0.7 points from 11.2 percent in Q3, 2016 to 10.5 percent in Q4, 2016. At the end of Q4, vacancy rates were 6.8 percent in power centers, 11.8 percent in community centers and 11.4 percent in neighborhood centers. Record high taxable sales are playing a significant role … [Read more...] about Retail Summary: Fourth Quarter 2016
Industrial Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2016 was 4.8 percent. Since Q3, 2015 the Valley’s industrial market rate has been at full occupancy and has been absorbing new space while remaking the existing inventory to accommodate larger space demand. Q4 saw 2,045,634 square feet of completed space, all of it in the warehouse/distribution … [Read more...] about Industrial Summary: Fourth Quarter 2016
Project 150 Announces Free Teen Shopping Day
LAS VEGAS – There are more than 2,500 homeless high school students in the Las Vegas Valley, many of whom don’t have basic necessities such as socks, underwear, shoes and clothing for the winter. Project 150, a local nonprofit that provides these students with such items, will hold a Free Teen Shopping Day from 10 a.m. to 2 p.m. on Saturday, Aug. 20 at Betty’s Boutique in … [Read more...] about Project 150 Announces Free Teen Shopping Day
Office Summary: First Quarter 2016
Southern Nevada Las Vegas Valley speculative office vacancy rate in Q1, 2016 rose 0.3 points to 18.7 percent from Q4, 2015. This was the first increase in the vacancy rate in four quarters. Vacancy rates ranged from 15.5 percent for Class C space to 23.5 percent for Class A space at the end of Q1. Although we saw a slight increase in the vacancy rate to begin the year, we … [Read more...] about Office Summary: First Quarter 2016
Southern Hills Hospital and Medical Center to Build 80-Bed Inpatient Psychiatric Facility
New medical facility to address need for mental health resources in Southern Nevada community LAS VEGAS – Responding to an acute need in the Las Vegas Valley, Southern Hills Hospital and Medical Center announces plans for an 80-bed inpatient psychiatric facility attached to its existing main hospital structure at its West Sunset Road campus. The facility is slated to break … [Read more...] about Southern Hills Hospital and Medical Center to Build 80-Bed Inpatient Psychiatric Facility
Real Estate Expo Las Vegas Brings “All Things Real Estate Under One Roof” this April
LAS VEGAS – When Real Estate Expo Las Vegas kicks off on April 8 at Cashman Center, it will mark the first time that local home builders and real estate professionals join forces to showcase “all things real estate under one roof” in a one-of-a-kind, two-day event. The Expo is designed to benefit industry professionals, would-be home buyers, investors, boomerang buyers, or … [Read more...] about Real Estate Expo Las Vegas Brings “All Things Real Estate Under One Roof” this April
StoryBook Homes Breaks Ground On “The Mercer” Luxury Apartment Project
LAS VEGAS - The Mercer, a resort-style, 175-unit apartment complex planned in the desirable southwest area of the Las Vegas Valley, adjacent to Summerlin, will officially break ground on Friday, January 15, 2016. The Mercer will provide discerning guests with luxury apartment living options as Las Vegas’ demand for apartment inventory grows. The development includes 144, … [Read more...] about StoryBook Homes Breaks Ground On “The Mercer” Luxury Apartment Project
Office Summary: Third Quarter 2015
Southern Nevada Las Vegas Valley “spec office” vacancy rates during Q3, 2015 declined 0.3 points to 21.3 percent from Q2, 2015. Compared to Q3, 2014, the office vacancy rate is down 0.3 points, from 21.6 percent. Q3’s vacancy rate-decline means that the Valley’s office market has been improving for seven of the last eight quarters. Vacancy rates ranged from 15.2 percent for … [Read more...] about Office Summary: Third Quarter 2015
Project 150 Hosts Sept. 3 Open House: Charity Unveiling New 8,000-Square-Foot Warehouse and Betty’s Showroom
LAS VEGAS – With more than 2,100 homeless high school students in the Las Vegas Valley, many of whom don’t have basic necessities to start the school year, Project 150 is expanding to meet the growing need for its services. To show just how Project 150 helps local teens in need, it is holding an open house from 6 p.m. to 8 p.m. on Thursday, Sept. 3, at its new building at … [Read more...] about Project 150 Hosts Sept. 3 Open House: Charity Unveiling New 8,000-Square-Foot Warehouse and Betty’s Showroom
Nevada’s Office Space: Positive Headway
The office space component of Nevada’s commercial real estate market faces a long recovery following the recession. Vacancy and unemployment rates were high, inventory was excessive and landlords struggled to effect leases. In addition, after the recession new construction activity and investor property acquisitions had ceased. Typically, the sector tends to be the last to … [Read more...] about Nevada’s Office Space: Positive Headway
Office Summary: Second Quarter 2015
Southern Nevada Las Vegas Valley spec office vacancy rates during Q2, 2015 ranged from 16.3 percent for Class C space to 32.1 percent for Class A. The overall vacancy rate was 21.6 percent, a decline from 21.7 percent recorded in Q1, 2015. Compared to Q2, 2014, the vacancy rate is down 1.1 points from 22.7 percent. Q2’s decline in vacancy rate makes 6 quarters with an … [Read more...] about Office Summary: Second Quarter 2015
Retail Summary: Fourth Quarter 2014
Southern Nevada The overall vacancy rate for the Las Vegas Valley anchored retail market in the fourth quarter of 2014 was 11.4 percent. The vacancy rate increased 0.4 points, from 11 percent in the third quarter. However, vacancies were down 0.3 points, from 11.7 percent compared to the same time in 2013. While the vacancy rate rose, the general trend still shows that the … [Read more...] about Retail Summary: Fourth Quarter 2014