Experts are bullish on Nevada’s overall economy this year, anticipating continued recovery from the recession and growth, they said. Four key markers support their outlook: Wages: The average private weekly wage for Nevada workers peaked in October at $758.86, representing a 2.3 percent year-over-year increase, according to Applied Analysis, a Las Vegas-based economic fiscal … [Read more...] about The Ups and Downs: Nevada’s Economic Forecast
Nevada commercial real estate
Southern Nevada Home Builders Association: Advocate for Housing
For more than 60 years, the Southern Nevada Home Builders Association (SNHBA) has been a leading advocate for housing in the state of Nevada. SNHBA has played a leadership role in the numerous governmental and public affairs’ issues that impact the housing industry, and in particular, homebuilders, homebuyers and homeowners. The association is the oldest and largest trade … [Read more...] about Southern Nevada Home Builders Association: Advocate for Housing
Carefully Planned: Architects and Engineers in Nevada
Like the fellow who narrowly escaped drowning, executives of architectural and engineering firms in Nevada are really cautious as they venture back into the water. Obviously, industry executives are thrilled they’re landing a steady stream of new work as the development and construction sectors come back to life but, they’re wary of once again getting into deep water too … [Read more...] about Carefully Planned: Architects and Engineers in Nevada
Red Report: January 2017
E Sale, Multi-Family ADDRESS 501 S. 10th St., 89101 BUYER Ambleside Properties LLP SELLER T.H. Steele DETAILS 44 units; $32,727 per unit APN 139-34-811-006 SELLER’S REP Michael R. LaBar and Michael L. Shaffner of Marcus & Millichap H Sale, Retail ADDRESS 210 N. Boulder Hwy., Bldg. F, 89015 BUYER Southpoint Apartment, Inc. SELLER WPI-Lake Boulder, LLC DETAILS … [Read more...] about Red Report: January 2017
Retail Summary: Third Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail vacancy rate ticked up from 11 percent in Q2, 2016 to 11.1 percent in Q3, 2016. At the end of Q3, vacancy rates were 7.8 percent in power centers, 12.8 percent in community centers and 11.2 percent in neighborhood centers. With the retail market just one point above the 10 percent stabilized rate and taxable retail sales at … [Read more...] about Retail Summary: Third Quarter 2016
Record High Rise Sale at Panorama Towers for $5.75 Million by Shapiro & Sher Group
LAS VEGAS - Shapiro & Sher Group, one of the country’s top-selling luxury real estate teams, celebrated the opening of its new high-rise division with another record-breaking sale. Ivan Sher represented the seller in the sale of the entire 34th floor of Panorama Tower II at 4575 Dean Martin Drive in Las Vegas. The grey shell unit, which includes 14,176 square feet plus a … [Read more...] about Record High Rise Sale at Panorama Towers for $5.75 Million by Shapiro & Sher Group
Six Dickson Realty Agents Selected to Tahoe Sierra Board of Realtors
Reno – The Tahoe Sierra Board of Realtors held their annual installation of officers/directors for the Board of Realtors and the Multiple Listing Service on Friday, December 9, 2016. Elected to the Tahoe Sierra Board of Realtors from Dickson Realty were Lil Schaller as President-Elect, Anna Grahn-Nilsson as Treasurer, and Ann Nguyen, Ronda Shaw, Phoebe Landre and Greg Poulsen … [Read more...] about Six Dickson Realty Agents Selected to Tahoe Sierra Board of Realtors
Red Report: December 2016
E Sale, Industrial ADDRESS 2485 Marco St., 89115 BUYER Salazar Management Group V, LLC SELLER Lee Family Trust DETAILS 8,060 SF; $1,050,000 APN 140-17-801-006 BUYER’S REP Weichert Realtors – Aspire SELLER’S REP Sean Zaher of CBRE H Sale, Office ADDRESS 1410 & 1434 E. Lake Mead Pkwy., 89015 BUYER Great Blue Lake, LLC SELLER Lake Mead Properties, LLC DETAILS … [Read more...] about Red Report: December 2016
Office Summary: Third Quarter 2016
Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q3, 2016 declined 0.2 points to 20 percent from Q2, 2016. Compared to Q3, 2015, the office vacancy rate is up 0.2 points, from 19.8 percent. Vacancy rates ranged from 15 percent for Class C space to a high of 28.2 percent for Class A space at the end of Q3. In terms of the trend, the Office market continues … [Read more...] about Office Summary: Third Quarter 2016
DCG is Pleased to Announce Two Recent Office Lease Signings for Local Headquarters
Scott Shanks, SIOR and Dominic Brunetti, CCIM represented Global Logistics Properties (GLP) in the lease of 1,625 square feet at 100 W. Liberty in Downtown Reno for their local offices. GLP is a leading provider of modern logistics facilities in China, Japan, Brazil and the United States. In the Sparks Submarket, Scott Shanks, SIOR, Dominic Brunetti, CCIM and Joel Fountain … [Read more...] about DCG is Pleased to Announce Two Recent Office Lease Signings for Local Headquarters
GLVAR Executive Stephanie Hill Named to National Council of Multiple Listing Services
LAS VEGAS – Greater Las Vegas Association of REALTORS (GLVAR) Multiple Listing Service (MLS) Director Stephanie Hill, RCE, CLMX3, CIPS, ePro, is one of 17 executives nationwide selected to serve on the Council of Multiple Listing Services (CLMS) Board of Directors. Hill is the only MLS executive from Southern Nevada to be included in this select group. "It's an honor to … [Read more...] about GLVAR Executive Stephanie Hill Named to National Council of Multiple Listing Services
Reno/Sparks Association of REALTORS Honors Members
RENO – The Reno/Sparks Association of REALTORS (RSAR) announced its 2016 annual award winners at the association’s annual luncheon on Thursday, November 17th. Winners included Dave Hansen, a REALTOR with Coldwell Banker Select Real Estate, who was named REALTOR of the Year for demonstrating high involvement and activity in RSAR, his business accomplishments and activity in … [Read more...] about Reno/Sparks Association of REALTORS Honors Members
National Association of Realtors honors GLVAR Global Committee
LAS VEGAS – The Global Committee of the Greater Las Vegas Association of REALTORS (GLVAR) was recently honored by the National Association of REALTORS (NAR) with a Platinum Global Achievement Program Award. This places GLVAR’s Global Committee in the top third of all association global councils nationwide. The GLVAR committee focusing on international real estate … [Read more...] about National Association of Realtors honors GLVAR Global Committee
Winners of Henderson’s 17th Annual Economic Development and Small Business Awards Announced
HENDERSON – The Henderson Chamber of Commerce and the City of Henderson’s Economic Development & Tourism department held Henderson’s 17th Annual Economic Development and Small Business Awards Thursday, Nov. 10, at the Green Valley Ranch Resort, Spa & Casino. The awards program recognizes businesses that have impacted the growth of the city in a variety of ways. The … [Read more...] about Winners of Henderson’s 17th Annual Economic Development and Small Business Awards Announced
Colliers International – Las Vegas Promotes Andrew Kilduff to Associate Vice President
LAS VEGAS – Mike Mixer, executive managing director of Colliers International – Las Vegas, announced that Andrew Kilduff has achieved the title of associate vice president. Andrew has been with Colliers International since August of 2011. His primary discipline is the sales and leasing of professional office product types for both Landlords and Tenants alike. Prior to … [Read more...] about Colliers International – Las Vegas Promotes Andrew Kilduff to Associate Vice President