12 percent drop in Sparks leads to flat Washoe sales
Sales of existing homes were flat in May as an unusual drop in activity in Sparks helped snap three straight months of double-digit gains in Washoe County. Median sales price, meanwhile, continued [read more]
[ source ] http://www.rgj.com : June 19, 2009 |  Comments: (0)

Home sales up, prices down
Home sales continued to post big numbers in May and the median price dipped 1.2 percent, or $1,720, from the previous month, the smallest decline since November 2007, the Greater Las Vegas [read more]
[ source ] http://www.lvrj.com : June 10, 2009 |  Comments: (0)

The pros and cons of buying short-sale homes
The prospect of foreclosure and its accompanying credit record stigma was once the only option for homeowners who were upside down and could no longer make their mortgage payments. But some [read more]
[ source ] http://www.rgj.com : June 8, 2009 |  Comments: (0)

Home prices continue freefall
Prospects for the housing market hitting bottom continue to be bleak this year after U.S. home prices posted the biggest annual decline on record in the first [read more]
[ source ] http://www.rgj.com : May 27, 2009 |  Comments: (0)

Survey: More people consider foreclosure homes a bargain
Discount expectations have more consumers warming up to foreclosure properties despite a significant majority expressing concerns about potential risks in buying such homes. A new survey by Harris [read more]
[ source ] http://www.rgj.com : May 22, 2009 |  Comments: (0)

Reno-area home sales pick up in April; prices down a third from a year ago
Existing single family home sales increased 36 between April 2008 and April 2008, the Reno/Sparks Association of Realtors said today. There were 419 sales of existing single-family homes in April, [read more]
[ source ] http://www.rgj.com : May 22, 2009 |  Comments: (0)

Related Nevada Business Articles

Financing Your Project
    Financing projects is tougher than ever these days – but not impossible.     Getting lenders to lend hinges on a variety of factors, some of which [read more]
September 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89121 Mixed-Use Vegas PBS’ Educational Technology Campus has received LEED Gold Certification from the U.S. Green Building Council.  The project was [read more]
September 1, 2010 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market has yet to stabilize as vacancies edged upwards exerting downward pressure on average asking rents. During the [read more]
September 1, 2010 |  Comments: (0)

Industry Focus
    The commercial real estate industry has suffered a severe downturn in Nevada because of the recession.  Each sub-section of commercial real estate, from developers to [read more]
August 1, 2010 |  Comments: (0)

Residential Market
    Nevada’s residential housing market received a brief boost in the first half of 2010, but the overall outlook for the sector remains down for the remainder of the [read more]
August 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Reno, 89512 Mixed-Use Pinecrest Construction and Development is building the Stanley James Walker animal shelter.  The 17,000 SF facility is expected to be complete in [read more]
August 1, 2010 |  Comments: (0)

Industrial Summary
Las Vegas        The Las Vegas Valley industrial market continued to signal weakness with an increasing vacancy rate and falling average asking rents amid turbulent [read more]
August 1, 2010 |  Comments: (0)

Giving Members the Tools to Succeed
    For Adam Gregory, being a CCIM means others recognize his commercial real estate experience and credibility. For Tedd Rosenstein, it means having a thorough understanding of the [read more]
July 1, 2010 |  Comments: (0)

Space Available
    Good news is hard to find in the world of commercial real estate. Mostly there’s lesser bad news, and even that has to be ferreted out. The silver lining to Nevada’s [read more]
July 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Carson City, 89701 Retail Shaheen Beauchamp Builders, LLC has completed the renovation of the Jackpot Crossing Casino, formerly the Silver Dollar Casino.  The [read more]
July 1, 2010 |  Comments: (0)

Retail Summary
Las Vegas         Vacancies within the Las Vegas commercial retail market moved upward while average asking rents continued to decline in anchored-retail centers [read more]
July 1, 2010 |  Comments: (0)

NAIOP Works
Dear members and readers;     NAIOP Southern Nevada, a chapter of NAIOP, the Commercial Real Estate Development Association, represents the interests of commercial real estate [read more]
June 1, 2010 |  Comments: (0)

Time to Buy?
    Like the tail wagging the dog, Southern Nevada’s commercial retail properties market has followed the industrial and office markets into the doldrums of recession. [read more]
June 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89128 Office Kitrell Jensen Contractors completed the renovation of a six-story Mountainview Medical Office building.  The project incorporated green elements [read more]
June 1, 2010 |  Comments: (0)

Office Summary
Las Vegas     The Las Vegas Valley office market continued to deteriorate with rising vacancies and diminishing rents.  Net absorption, or the change in the amount of [read more]
June 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Las Vegas, 89119 Office The Korte Company is nearing completion on a 6,640 SF tenant improvement project for The Las Vegas Specialty Surgery Center.  The improvement [read more]
May 1, 2010 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market continued to struggle with higher vacancies while average asking rents slid downward in response to an [read more]
May 1, 2010 |  Comments: (0)

Patty Wade
President/Owner/Founder Wade Development Company, Inc. and Wade Consulting Group, LLC Reno/Las Vegas, Nevada Number of Employees: 10 Years in Nevada: 18 Years with [read more]
April 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Las Vegas, 89102 Mixed-Use The Smith Center for the Performing Arts, a public/private partnership recently topped out.  The 4.75 acre cultural complex will be [read more]
April 1, 2010 |  Comments: (0)

Retail Summary
  Las Vegas         During the fourth quarter of 2009, the Las Vegas commercial retail market remained stressed.  Vacancies remained elevated while [read more]
April 1, 2010 |  Comments: (0)

Industrial Market
    The industrial real estate landscape in Nevada has turned upside down over the last 24 months, going from too little to, thanks to the turbulent economy, too much. [read more]
March 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Carson City, 89703 Office Shaheen Beauchamp Builders, LLC has completed construction on an ambulatory surgery center and medical office clinic for GI Consultants, [read more]
March 1, 2010 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market reported its worst year on record, posting record-high vacancies, net move-outs and price declines in 2009.  [read more]
March 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Henderson, 89074 Office The Korte Company has completed construction on the South Hills Church Community.  The project was designed by JVC Architects.  Construction [read more]
February 1, 2010 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market continued to deteriorate with sustained negative absorption, while the remainder of ongoing construction [read more]
February 1, 2010 |  Comments: (0)

Bank-Owned Properties
    There’s a saying in commercial real estate, “Retail follows rooftops,” meaning residential homes get developed and sold before retail services follow to support [read more]
January 1, 2010 |  Comments: (0)

Retail Summary
Las Vegas     During the third quarter of 2009, the Las Vegas commercial retail market expanded as several pre-leased, user-specific buildings completed construction during the [read more]
January 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Pahrump, 89048 Office Dakem and Associates has broken ground on a 12,000 SF medical office building.  The project is expected to be completed by summer of this year and [read more]
January 1, 2010 |  Comments: (0)

Industry Focus
    Commercial development in Nevada is among the state’s hardest hit industries.  The industry has been feeling the sting of the current economy and will continue to feel [read more]
December 1, 2009 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market reported its fourth consecutive quarter of negative net absorption, suggesting the amount of space being vacated [read more]
December 1, 2009 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market reported its highest vacancy rate in history through the second quarter of 2009.  With nearly 12.3 million [read more]
November 1, 2009 |  Comments: (0)

Retail Summary
Las Vegas     During the second quarter of 2009, the Las Vegas commercial retail sector in Southern Nevada remained weak as tenants vacated more space than they moved into, a [read more]
October 1, 2009 |  Comments: (0)

NAIOP Northern Nevada Chapter
  Dear NAIOP Members and Guests,     Welcome to the 2009 NAIOP Northern Nevada Bus Tour. This is our third year in what has been both an exceptionally valuable and [read more]
September 1, 2009 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market is facing significant challenges as the inventory base continues to expand even as office-using employment [read more]
September 1, 2009 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market remained relatively flat, reaching 102.5 million square feet by the end of the first quarter of 2009.  [read more]
August 1, 2009 |  Comments: (0)

SIOR: Nevada Chapter
Dear Friends and Colleagues, As 2009 President, I invite you to take a few moments to peruse the following pages, which highlight the Nevada Chapter of the Society of Industrial and Office [read more]
July 1, 2009 |  Comments: (0)

Industrial
    The credit crisis, economic recession, negative job growth, high unemployment rates and a recovering residential industry all are wreaking havoc on Nevada’s industrial real [read more]
July 1, 2009 |  Comments: (0)

Retail Summary
Las Vegas         During the first quarter of 2009, the Las Vegas commercial retail sector posted its second quarter of negative net absorption and a record-high [read more]
July 1, 2009 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market is experiencing more empty offices than ever before with vacancies reaching a record-high 19.6 percent.  The [read more]
June 1, 2009 |  Comments: (0)

NAIOP in Action
Dear members and readers;     NAIOP Southern Nevada, one of the largest chapters in the nation, represents the interests of commercial real estate professionals throughout the [read more]
June 1, 2009 |  Comments: (0)