Retail Summary: First Quarter 2014

Southern Nevada The Las Vegas retail market continued to witness increased demand in the first quarter of 2014 as the sector reported positive net absorption for the fourth consecutive quarter. The retail market vacancy rate fell to 9.0 percent by the end of the first quarter, which is down 0.1 percentage point from the prior… [More...]

Marcus & Millichap Arranges the Sale of a 16,000 Square-Foot Net-Leased Property

Marcus & Millichap announced the sale of Goodwill, a 16,000 square-foot net-leased property located in Las Vegas.

LAS VEGAS, NV, March 25, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Goodwill, a 16,000 square-foot net-leased property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The… [More...]

An Industry Revived: Commercial Real Estate in Nevada

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said.

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to… [More...]