With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. “Retail is trending positive. I’m conservatively bullish and would be happy with one to two percent growth next year,” said Kevin Budny, senior general manager of the Galleria at Sunset in Henderson. “We were comparable to 2015 this … [Read more...] about Spending Power: Nevada’s Retail Market
Henderson real estate
Commercial Real Estate Market in Southern Nevada Ends 2016 on Upswing
LAS VEGAS – A report released by Xceligent and the Commercial Alliance Las Vegas (CALV) shows the commercial real estate market in Southern Nevada ended 2016 on an upswing, with positive momentum in the office, industrial and retail markets. CALV President Jennifer Ott, CCIM, and a longtime local commercial real estate broker, said most aspects of the industry continued to … [Read more...] about Commercial Real Estate Market in Southern Nevada Ends 2016 on Upswing
Winners of Henderson’s 17th Annual Economic Development and Small Business Awards Announced
HENDERSON – The Henderson Chamber of Commerce and the City of Henderson’s Economic Development & Tourism department held Henderson’s 17th Annual Economic Development and Small Business Awards Thursday, Nov. 10, at the Green Valley Ranch Resort, Spa & Casino. The awards program recognizes businesses that have impacted the growth of the city in a variety of ways. The … [Read more...] about Winners of Henderson’s 17th Annual Economic Development and Small Business Awards Announced
A Place to Live: Nevada’s Residential Market
Call it flattening or softening or just call it a leveling off – Nevada’s housing market seems to have found an even keel in the second half of 2016, and most professionals in the industry are calling that a good thing. After the housing bubble hit Nevada in the early 21st century when demand outstripped supply and prices rose over weekends and overnight, the inflationary … [Read more...] about A Place to Live: Nevada’s Residential Market
Red Report: November 2016
E Project, Office ADDRESS 700 S. 3rd St., 89101 CONTRACTOR OF RECORD OS Construction Services, Inc. DETAILS Rogers, Mastrangelo, Carvalhi & Mitchell, Ltd. (RMCM), a law firm, has broken ground on new headquarters in downtown Las Vegas. The 1.2 acre site will undergo the demolition of an existing building and construction of a new two-story building with Class A finishes … [Read more...] about Red Report: November 2016
GLVAR Members Earn National Appointments to Key NAR Committees
LAS VEGAS – Nineteen leading and longtime members of the Greater Las Vegas Association of REALTORS (GLVAR) recently earned appointments to leadership positions with the National Association of REALTORS (NAR). “We’re fortunate and honored that so many of our top local REALTORS have been recognized and appointed by their peers around the country to these national leadership … [Read more...] about GLVAR Members Earn National Appointments to Key NAR Committees
Red Report: October 2016
E Sale, Multi-Family ADDRESS 517 N. 28th St., 89101 BUYER Green Tree Apartment, LLC SELLER Las Vegas Apartments, LLC DETAILS 72 units; $54,166 per unit APN 139-36-110-028 SELLER’S REP Devin Lee, CCIM and Robin Willet of NAI Vegas | The Sauter Multifamily Group H Project, Other ADDRESS 655 E. Lake Mead Pkwy., 89015 CONTRACTOR OF RECORD Core Construction DETAILS A … [Read more...] about Red Report: October 2016
Retail Summary: Second Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail vacancy rate declined from 11.3 percent to 11 percent in the past 12 months. At the end of Q2, vacancy rates were 7 percent in power centers, 12.5 percent in community centers and 11.8 percent in neighborhood centers. With the retail market just 1 point above the 10 percent stabilized rate and taxable retail sales at … [Read more...] about Retail Summary: Second Quarter 2016
Commercial Builders: The Rebound and the Growing Pains
Whereas Nevada’s commercial construction industry was all but dead five years ago, today it’s alive, with activity edging up. “We are finally in a period of growth. A lot more work is happening,” said Mac Bybee, president, Associated Builders and Contractors Inc. (ABC), Nevada Chapter, a statewide trade association that provides training, apprenticeship programs, government … [Read more...] about Commercial Builders: The Rebound and the Growing Pains
Red Report: September 2016
E Sale, Multi-Family ADDRESS 5325 E. Tropicana Ave., 89122 BUYER Aspen Square Management, Inc. SELLER Majestic Heights Owner, LLC DETAILS 240 units; $77,500 per unit APN 161-28-102-002 SELLER’S REP Art Carll and Patrick Sauter of NAI Vegas | The Sauter Multifamily Group H Sale, Retail ADDRESS Multiple Properties, 89052 BUYER 3D Investments, LLC SELLER Eastern … [Read more...] about Red Report: September 2016
Berkshire Hathaway HomeServices Nevada Properties Receives National Recognition
LAS VEGAS - Six Berkshire Hathaway HomeServices teams and one individual real estate sales executive have been recognized among the leading professionals in American real estate, according to REAL Trends’ The Thousand. REAL Trends, in conjunction with The Wall Street Journal, recently published “The Thousand” list of America’s top 1,000 real estate sales professionals and … [Read more...] about Berkshire Hathaway HomeServices Nevada Properties Receives National Recognition
Colliers International | Las Vegas Updates Feb. 11, 2016
LAS VEGAS – Colliers International – Las Vegas announced the finalization of the following leased investment sale on behalf of HENDERSON BTS LLC to a private entity. The approximately 130,446 square foot industrial property located at 551 Courier St. in Henderson. The transaction value was $11,950,000. Dan Doherty, SIOR, Susan Borst, CCIM, Chris Lane and Jerry Doty of Colliers … [Read more...] about Colliers International | Las Vegas Updates Feb. 11, 2016
ASCAYA Appoints John Simmons Project Director
ASCAYA has appointed John Simmons project director of its community of 313 custom luxury home sites in Henderson. Simmons is responsible for the overall development of the community including the $25 million ASCAYA clubhouse, seven multi-million dollar inspiration homes, amenities, landscaping and maintenance of the development and managing guidelines for custom home … [Read more...] about ASCAYA Appoints John Simmons Project Director
Red Report: November 2015
E Sale, Multi-Family ADDRESS 310 – 400 S. 11th St., 89101 BUYER BDR Cascadia SELLER Norma Jakubowski DETAILS 57 units; $45,947 per unit APN 139-34-712-101 SELLER REP Michael LaBar and Michael Shaffner of Avison Young Sale, Multi-Family ADDRESS 1823 Santa Paula Dr., 89104 BUYER 1823 Santa Paula Apartments, LLC SELLER Eagle Property Partners, LLC DETAILS 12 units; … [Read more...] about Red Report: November 2015
ASCAYA Makes Largest Home Site Sale To Date At $2.6 Million
ASCAYA has sold its largest home site to date for $2.6 million at 6 Heavens Edge Court in Henderson. The site includes 1.14 acres of usable space on a total 1.95 acre hillside lot. Quinn Boesenecker of Pinnacle Architecture will be designing the home. ASCAYA is a community of 313 custom home sites for multi-million dollar luxury homes. It is the highest price sale of a single … [Read more...] about ASCAYA Makes Largest Home Site Sale To Date At $2.6 Million