Among Southern Nevada’s commercial real estate professionals is an elite group of well-educated, experienced, dedicated and charitable individuals called Certified Commercial Investment Members (CCIMs). “Within CCIM there’s camaraderie and a community that I, in 30 years, have not seen in any other organization,” said Christopher McGarey, CCIM, of Berkshire … [Read more...]
Red Report: July 2018
BC Sale, Multi-Family Address 110 Ville Dr., 89005 Buyer OM Sun Property LLC Seller HPY Holdings, LLC Details 70 units; $45,000 per unit APN 186-04-501-003 Seller Rep Brett S. Beck of Virtus Commercial E Sale, Multi-Family Address 7055 Lake Mead Blvd., 89156 Buyer OpenPath Investment, LLC Seller Sundance Bay Details 304 units; $101,151 per unit APN … [Read more...]
Legal Elite 2018: The Silver State’s Top Attorneys
Now in its eleventh iteration, Legal Elite presents Nevada’s top attorneys as chosen by their peers. This annual list showcases the attorneys the legal industry has named as the best of the best. Polling for Legal Elite 2018 began at the end of February and nearly 6,000 nominations were submitted by licensed attorneys in Nevada. Each submission then went through an extensive … [Read more...]
The Business of Art: Nevada’s Cultural Scene
Twenty years ago, Nevada’s arts and culture sector was not a huge economic driver. Organizations were forming. Audiences were being sought. “There’s a group of us in this community, and in Reno, too, who all started out on the ground level, and there’s been this evolution of arts and culture [in the state],” explained Jeri Crawford, president and CEO of the Las Vegas … [Read more...]
Industry Focus: Architects & Engineers
Architects and engineers are, oftentimes, the middle man for cities and developers. This central position brings with it a host of benefits as well as it’s share of challenges. Recently, executives representing architects and engineers in Nevada sat down at the Las Vegas offices of City National Bank to discuss their position in commercial real estate development and the future … [Read more...]
Ole! The Business of Soccer in Nevada
Llamas are a quintessential piece of the Las Vegas Lights Football Club (LVFC). However odd that might sound, two live llamas, Dolly and Dotty, are a staple at LVFC games and events and embody the spirit the management wants to bring to Las Vegas with soccer. Likewise, a smiley face waits on the inside of their jerseys for when a player scores and flips it over his head to … [Read more...]
Red Report: June 2018
E Lease, Retail Address 6775 E. Lake Mead Blvd., Ste. B3-B5, 89156 Tenant Fitness Factory 1, LLC Landlord Urgent Care Nevada, LLC Details 4,995 SF; $658,916 for 8 years Sublessor Rep Michael Zobrist and Nelson Tressler of Newmark Knight Frank Lease, Industrial Address 2875 N Lamb Blvd., 89115 Tenant Global Logistics & Fulfillment, LLC Landlord Prologis, … [Read more...]
Higher Learning: Education in Nevada
The Nevada System of Higher Education (NSHE) is in the process of becoming a true system as Nevada’s educational climate shifts to meet the needs of Nevada citizens and businesses. Those needs are creating a change from individual institutions working alone to meet those needs to a system of institutions working together. “There’s quite a bit that’s new in higher education,” … [Read more...]
Wealth Management: Setting and Obtaining Financial Goals
Short and long-term financial goals for CEOs, other executives and business owners might include buying a home, putting their children through college, retiring at a certain age or leaving a legacy, perhaps their business, to their heirs. It’s important for high net worth people to determine now what they’d like to achieve, develop a plan to reach their goals, write it down and … [Read more...]
Industry Focus: Media
Few industries have had as many changes in recent years as the media industry. Social media, credibility challenges and how information is now delivered and absorbed have all contributed to a shift in the way media organizations operate. Discussing the ups and downs, executives representing media in Nevada recently met at the Las Vegas offices of City National Bank. Connie … [Read more...]
Iconic Women of Distinction Awards 2018
An Iconic History NAWBO Southern Nevada The mission of the National Association of Women Business Owners (NAWBO) Southern Nevada is to educate, empower and promote women business owners to experience success in all economic, political and social arenas. The organization provides informative and success driven monthly meetings which include time devoted to networking with … [Read more...]
Nevada Brokers: The Ins and Outs of Commercial Real Estate
Both the Las Vegas and Reno commercial real estate markets are well balanced and healthy for the foreseeable future, but there may be trouble past the horizon. Real estate professionals in both cities echoed similar statements in regard to the health of the markets, but Providence Commercial Managing Partner Mike Montandon said a land shortage could loom in Las Vegas. … [Read more...]
Red Report: May 2018
E Sale, Retail Address 5105 E Sahara Ave., 89142 Buyer HSJC Investments Seller Niban Properties Details 24,610 SF; $3.75 million APN 161-09-110-107 Seller Rep Cathy Jones, CCIM, SIOR and Roy Fritz of Sun Commercial Real Estate Sale, Retail Address 5051 Stewart Ave., 89110 Buyer 5051 Stewart 1 LLC Seller LDR & Associates LTD Details 16,170 SF; $3,612,500 APN … [Read more...]
Moving People
“Transportation is one of the highest priorities for the state as far as building industry, being productive and making things happen,”said Dawn Gibbons, chairwoman of the Nevada Transportation Authority (NTA). Highlighting the state’s emphasis on transportation, an 18-month process is currently underway to develop the One Nevada Transportation Plan. It’s a collaboration … [Read more...]
Henderson Takes Flight
It’s the second largest city in the state, but when Henderson residents talk about their city, they talk about community. As a community, Henderson has created a strategic plan to guide growth, looking ahead 20 to 30 years to make sure it’s still a city residents love. People who live in Henderson talk about the active lifestyle, entrepreneurial drive, outdoor recreation, … [Read more...]
The Insured State: Health Insurance in Nevada
Businesses can expect health insurance costs to continue to rise in the short term, but stabilization might be in sight. Nevada health insurance executives suggest a number of factors could indicate relief for businesses when it comes to health insurance costs in the long-term future. Following years of negative reaction to the Affordable Care Act (ACA), signed into law in … [Read more...]
Industry Focus: Professional Organizations
Professional organizations have undergone a myriad of changes in recent years and the prevalence of social media has both benefited and added a new layer of challenges to the industry. Professional organization executives recently met at the Las Vegas offices of City National Bank to discuss the industry and most agreed, collaboration is key. Connie Brennan, publisher and … [Read more...]
MEET Las Vegas: A Meeting and Event Venue Unlike Any Other.
Vision. MEET Venue. For event planners and businesses seeking a unique venue, MEET provides 40,000 sq. ft. and three stories of truly customizable, technologically advanced, personally inspiring meeting and event space in the heart of Downtown Las Vegas. Anything is possible in this flexible, adaptive blank-canvas opportunity for the event planner. Multiple space … [Read more...]
A Home Run: Nevada’s Residential Market
It’s a simple law of Nevada economics: When folks are working, they buy houses. And when they’re making good money, they buy better houses. Those economics are driving stronger residential sales and construction across the state, and executives see little reason for worry about the continued health of the residential sector. Employers added 37,700 positions statewide during … [Read more...]
Red Report: April 2018
E Sale, Multi-Family Address 424 S 13th St., 89101 Buyer SDS Realty Corp Seller Vega Villita Apartments, LLC Details 32 units; $54,843/unit APN 139-34-811-051 Seller Rep Blake Leavitt of Wardley Real Estate Sale, Land Address Carey Ave. & Nellis Blvd., 89115 Buyer Doumani Holdings LLC Seller NMG Capital Partners II & GKT5 LLC Details 2.3 acre; $1.25 … [Read more...]
