LAS VEGAS – Nevada State Bank’s annual Small Business Survey reveals a continued confidence in an improving Nevada economy, but a less rosy view of the national economy, with more than half of all Nevadans surveyed saying that the U.S. economy is headed in the wrong direction. The bank’s recent survey of more than 400 small business owners, operators and managers throughout … [Read more...]
Durango I-95’s LLC Acquisition of Caroline’s Court Reflects Northwest Las Vegas’ Recovery
Durango I-95 LLC, a Los Angeles development company, recently purchased Caroline’s Court, a commercial center at the corner of North Durango Drive and North El Capitan Way, for $14.5 million. Durango I-95 LLC believes the revitalization of the commercial center, which has sat unfinished since the Great Recession, will be a strong symbol of northwestern Las Vegas’ economic … [Read more...]
Industrial Surges, Office and Retail Coast During Third Quarter in Las Vegas
Las Vegas – Southern Nevada’s warehouse/distribution properties continued to post impressive results in the third quarter of 2015, but other industrial segments showed strong demand as well. Vacancy in the warehouse/distribution sector is now a very low 3.1 percent, which continued to stimulate new industrial development; more than 8 million square feet of new industrial … [Read more...]
Recovery Transitioning into Expansion and Reinvention
Las Vegas – While some sectors of Southern Nevada’s commercial real estate market are still recovering from the Great Recession, others have thrived. The warehouse/distribution sector has shown such strong demand over the past three years that vacancy in that sector is now just 3.2 percent. This has stimulated new speculative construction on a level not seen in Southern Nevada … [Read more...]
Colliers International: Demand for Commercial Real Estate at Seven-Year High
LAS VEGAS – Demand for commercial real estate in Las Vegas has reached a seven-year high, according to Colliers International’s first quarter reports. Colliers International noted that all segments of commercial real estate saw positive net absorption in the first quarter of 2015, with the industrial market leading the way. Vacancy in warehouse buildings has been cut in half … [Read more...]
Business Indicators: March 2015
The “advance” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.5 percent, much lower than the 5.0 percent growth experienced during third quarter 2014. Personal consumption expenditures, nonresidential fixed investment, residential investment, changes in private inventories and state and local government spending made … [Read more...]
CALV, Xceligent Report Shows Improving Commercial Real Estate Market
LAS VEGAS – A report released by Xceligent and the Commercial Alliance Las Vegas (CALV) shows continued improvement in the commercial real estate market in Southern Nevada, though some parts of the market are recovering from the Great Recession faster than others. “This report from CALV and Xceligent shows that most sectors of our market are faring better than in past … [Read more...]
More Than 2,600 Acres of Land Sales in 2014 Demonstrate Growth for Southern Nevada
LAS VEGAS – The land market in Southern Nevada continues to recover, as evidenced by the fourth quarterly market report of 2014 from Colliers International – Las Vegas. During the past 12 months, the market witnessed the sale of more than 2,600 acres of industrial, commercial and residential land, accounting for more than $700 million in sales volume. According to experts at … [Read more...]
“Giving Gene” Alive in Las Vegas and Beyond
Focus Financial Partners|UBS Financial Services Inc. Reports that Recovery Has Helped Charitable Giving in Valley LAS VEGAS — UBS Wealth Management Americas http://www.ubs.com/us/en/wealth.html released its quarterly UBS Investor Watch report in November of 2014, “Doing Well At Doing Good,” which explores wealthy investors’ giving habits. The study found that despite the … [Read more...]
Dickson Realty Awarded Revitalization Award
Dickson Realty Awarded Revitalization Award from Truckee Donner Chamber of Commerce Dickson Realty has been awarded the 2014 large company Revitalization Award from the Truckee Donner Chamber of Commerce in honor of its new 7,048 square foot office building in Truckee. The award recognizes new construction and/or renovation projects that help make Truckee more visually … [Read more...]
LVGEA Board Extends CEO Tom Skancke’s Contract
LAS VEGAS — The Board of the Directors of the Las Vegas Global Economic Alliance extended for two years the contract of Tom Skancke, current president and CEO of the LVGEA. The board took this action during its October meeting. “Economic development and diversification are two of the most pressing issues facing Southern Nevada as this region accelerates its growth out of … [Read more...]
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...]
Dealership Invests in Multimillion-Dollar Renovation Project
LAS VEGAS – Economic studies in recent months have pointed to Nevada’s steady recovery from the Great Recession. Most major economic indicators have started pointing in a positive direction. Local car sales have been especially strong recently, rewarding the multimillion-dollar investment and long-term confidence the owners of the Park Place Infiniti dealership on West … [Read more...]
Retail Real Estate Sector Begins Comeback in Second Quarterly Report From Colliers International – Las Vegas
Office sector enjoys resurgence in 2014, anticipates challenges in 2015 LAS VEGAS – Following two consecutive quarters of negative net absorption in the retail sector, the second quarterly market report of 2014 by Colliers International – Las Vegas highlighted more than 200,000 square feet of retail net absorption and more than 30,000 square feet of new completions in the … [Read more...]
