Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q1, 2016 was 5.0 percent, a rise of 0.3 points, from 4.7 percent in Q4, 2015. Q1’s increase was the second quarter in a row with an increase in vacancy rate. Still, with the vacancy rate at such a low level, these rises are not a cause for concern. The strong growth in demand for industrial space, along … [Read more...] about Industrial Summary: Fourth Quarter 2015
Jones Corporate Park
Colliers International | Las Vegas Updates Mar. 8, 2016
LAS VEGAS – Colliers International – Las Vegas announced the finalization of the following sale to ROC II NV Ritz LLC. The approximately 198 unit/approximately 205,928 square foot multifamily property is called Sonoma Pointe Apartments and is located at 4250 S. Jones Blvd. in Las Vegas. The transaction value was $20,831,792.40. Tom Naseef, CCIM, SIOR, Garry Cuff, CCIM and Jeff … [Read more...] about Colliers International | Las Vegas Updates Mar. 8, 2016
Developers: New Projects Signal Improved Markets
As the welcome sights and sounds of industrial construction continue to pop up all around the Silver State, business decision makers agree that economic good times are coming back. With 200 million square feet of development sprinkled around the U.S., Europe and Canada, developers at Panattoni Development Company, Inc. are happy to have stuck with in Nevada for 17 … [Read more...] about Developers: New Projects Signal Improved Markets
Industrial Summary: Second Quarter 2015
Southern Nevada The overall vacancy rate for the Las Vegas Valley Industrial market in the second quarter was 6.2 percent, a drop of 0.5 points, from 6.7 percent in the first quarter of 2015. This decline equates to ten straight quarters of declining industrial vacancies. The strong growth in demand for industrial space, paired with resurgent construction and industrial … [Read more...] about Industrial Summary: Second Quarter 2015
Panattoni Development Company to Break Ground on Jones Corporate Park on April 28
WHO: Panattoni Development Company WHAT: Panattoni Development Company, a leading commercial real estate company with an office in Las Vegas, will host a groundbreaking event for its Jones Corporate Park project at the northwest corner of Sunset Road and Jones Boulevard at 10 a.m. on April 28. This industrial business park will include two buildings of equal size … [Read more...] about Panattoni Development Company to Break Ground on Jones Corporate Park on April 28