During the recession, brokers across the board did what they could to stay busy, from cold calls to out-of-the-box solutions. Nevada’s retail market was no different. Christina Strickland, a CBRE Las Vegas senior associate who specializes in retail, no longer has to make cold calls to drum up business like she did during the recession. Now, she’s receiving calls, in abundance, … [Read more...]
Nevada State Bank Opens Downtown Summerlin Branch – New Branch to Celebrate Financial Literacy Month
LAS VEGAS – Nevada State Bank is opening its Downtown Summerlin branch located at 11035 Lavender Hill Drive, Suite 170 on April 12, 2018, at 9 a.m. The community is invited to stop by and enjoy complimentary refreshments and giveaways at the branch from April 12 through April 14, 2018. April is Financial Literacy Month. Recognizing that financial education starts at an … [Read more...]
Transformers: Retailers Change Tactics
To attract a new generation of shoppers and keep up with competition from online retailers, Nevada shopping malls are transforming into “mixed-use lifestyle centers” and encouraging their tenants to profit from online shopping instead of fighting it. Their tactics seem to be working, as mall owners report record numbers of shoppers and few vacancies. Malls’ success … [Read more...]
DC Building Group Completes Cracker Barrel in North Las Vegas
Las Vegas – Shawn Danoski, CEO of Las Vegas-based DC Building Group, announced that the general contractor has completed the Cracker Barrel Old Country Store in North Las Vegas. Located at 2815 E. Craig Road, this is the second Cracker Barrel to open its doors in the Las Vegas valley. The popular restaurant is well known for serving up delicious American comfort food to its … [Read more...]
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...]
Retail Market: Nevada’s Retail Shows Slow, Steady Improvement
The retail component of Nevada’s commercial real estate industry continues to recover, with vacancy rates slowly dropping. Southern Nevada In the Silver State’s southern region, the retail sector shows “moderate recovery,” said John Restrepo, principal of RCG Economics, a Las Vegas-based firm providing market trend analysis and economic research. Lower gas prices have left … [Read more...]
Downtown Summerlin Celebrates the Holiday Season with the Downtown Summerlin Holiday Parade
Ice Rink, Photos with Santa and Additional Entertainment Planned Through the Season Downtown Summerlin will officially kick off the holiday season on Friday, Nov. 20, with the first annual Downtown Summerlin Holiday Parade. Destined to become a Las Vegas holiday tradition, these magical evenings will be a holiday spectacle for the entire family. The Downtown Summerlin … [Read more...]
CALV, Xceligent Report Documents Las Vegas Commercial Real Estate Comeback
LAS VEGAS – A report released by Xceligent and the Commercial Alliance Las Vegas (CALV) shows continued progress in all major sectors of the commercial real estate market in Southern Nevada, with office, industrial and retail vacancy rates all improving during the second quarter of 2015. “This is another example of how our industry is turning the corner and coming back,” … [Read more...]
Find Out What’s Hot in Back-to-School Fashion as Downtown Summerlin Presents “Geek Chic”
July 25 Event to Include Fashion Shows, Entertainment, Giveaways and More LAS VEGAS – Enjoy a day of fun, fashion and back-to-school savings at “Geek Chic,” the first back-to-school event to be held by the The Howard Hughes Corporation at Downtown Summerlin, scheduled for Saturday, July 25, from noon to 7 p.m. Camouflage prints, grunge, flannel, biker inspired leather and … [Read more...]
On the Rise: Commercial Building Rebounds
For the first time since 2007, when the recession decimated their industry, commercial builders in Nevada believe the industry is finally snapping back. “The recovery is slower than anybody wanted it to be, but the good news is that it is recovering,” says Ray Sedey, executive vice president of McCarthy Building Companies in Las Vegas. “Construction is recovering, but we’re … [Read more...]
Downtown Summerlin Announces Summer Movie Series
LAS VEGAS - Calling all movie lovers. Downtown Summerlin is excited to launch the Downtown Summerlin Movie Series, with a preview on Friday, May 22. The series will begin on Thursday, June 4, continuing each Thursday night through August 27. Guests should bring their own seating and come early to get the best space. Several Downtown Summerlin restaurants and eateries will … [Read more...]
DC Building Group Finishes More Than $1 Million in Projects
Las Vegas, NV - Shawn Danoski, chief executive officer of Las Vegas-based DC Building Group, announced the general contractor has completed a slew of projects in recent months, serving clients from industries including architecture, education and retail. DC Building Group was contracted to handle tenant improvements at two new retail outlets at Downtown Summerlin. DC … [Read more...]
Jeanie Haddox Joins the Howard Hughes Corporation as Specialty Leasing Manager for Downtown Summerlin
Regional Retail, Dining and Entertainment Destination Continues To Hire Top Professionals LAS VEGAS - Howard Hughes Corporation (NYSE: HHC) announced the hiring of Jeanie Haddox as Specialty Leasing Manager for Downtown Summerlin. Haddox joins the leadership team responsible for managing the 106-acre, 1.6 million-square-foot development, which represents the first phase of … [Read more...]
The Retail Market: Recovering with Measured Expectations
With a New Year upon us, real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015. Nevertheless, all of them see positive trends for the market and some reason to remain optimistic. “We are clearly in a recovery,” said Brendan Keating, principal with The Equity Group in Las … [Read more...]
Retail Summary: Third Quarter 2014
Southern Nevada In the third quarter of 2014, the Las Vegas retail market reported a vacancy rate of 9.1 percent. The latest period represents a decline of 0.1 percentage point compared to the prior quarter (Q2 2014). Compared to a year ago (Q3 2013), the retail vacancy rate has declined 0.3 percentage points. Anchored retail space has now reported annual declines in vacancy … [Read more...]
Office Summary: Third Quarter 2014
Southern Nevada The Las Vegas office market vacancy rate fell to 24.8 percent in the third quarter of 2014. Compared to the prior quarter, vacancies fell 0.4 percentage points. Meanwhile, the vacancy rate is down 0.7 percentage points compared to a year ago. While the office market vacancy rate remains significantly higher than its industrial and retail counterparts, it has … [Read more...]
Crazy Pita Rotisserie & Grill Names the Ferraro Group Agency of Record
Las Vegas – Mehdi Zarhloul, owner and founder of Crazy Pita Rotisserie & Grill, announced it has named The Ferraro Group as its agency of record for all southern Nevada locations. The Ferraro Group will handle all public relations, media communications, marketing and social media needs for Crazy Pita Rotisserie & Grill, a locally owned fast casual dining restaurant … [Read more...]
Retail Summary: Second Quarter 2014
Southern Nevada The Las Vegas retail vacancy rate reported a slight increase in the second quarter of 2014. The rate rose 0.1 percentage point compared to the prior period (Q1 2014) to 9.1 percent. However, compared to a year ago, the retail vacancy rate remains down 0.7 percentage points. Since the high of 11.1 percent reached in the third quarter of 2010, vacancies have … [Read more...]
Personal Goals of High Net Worth Individuals; Desert Radiologists Receives ACR Award
Monthly Report Focused on “Personal Goals” of High Net Worth Individuals, Released by The Private Bank by Nevada State Bank The Private Bank by Nevada State Bank released the seventeenth edition of its High Net Worth Report series, with this month’s analysis focusing on the personal goals of high net worth individuals. [Read More...] Desert Radiologists Receives Prestigious … [Read more...]
Announcing the Las Vegas Fashion Council
LAS VEGAS – Local leaders from fashion, business and the arts have joined together to form the Las Vegas Fashion Council, a not-for-profit trade association that welcomes members ranging from fashion professionals, students, community leaders, philanthropists and organizations that have a common desire to diversify and expand the Las Vegas economy through the efforts of the … [Read more...]
