LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Somerset Park, a 51,646 square-foot office property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset sold for … [Read more...]
Marcus & Millichap Arranges the Sale of a 7-Eleven Anchored Strip Center
LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 7-Eleven Anchored Strip Center, a 4,840 square-foot retail property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset sold for … [Read more...]
Marcus & Millichap Arranges the Sale of 10,455 Square-Feet of Land in Downtown Las Vegas
LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Downtown Las Vegas Development Site, 10,455 square-feet of land located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset sold for … [Read more...]
Nevada Real Estate & Development Report: April 2014
E Sale, Retail ADDRESS 5050 E. Russell Rd., 89122 BUYER Wyandotte, Inc SELLER Kathleen & Adrian Varni Trust DETAILS 24,034 SF; $2,200,000 APN 161-28-401-011 BUYER’S REP Neil Dela Cruz of MDL Group SELLER’S REP Katherine Bergh of Marcus & Millichap Loan, Office ADDRESS 2575 E. Sahara Ave., 89104 BORROWER Reliable Auto Sales LENDER TMC Financing and Zions … [Read more...]
Nevada State Bank Expanding Mortgage Team to Meet Demand
Nevada State Bank is "gearing up" for increased mortgage demand. The bank is expanding its team of loan officers to handle a purchase market that is picking up steam, according to a recent statement. “While other organizations are downsizing the large refinance teams they have built over the last few years, Nevada State Bank is growing our purchase team to handle the … [Read more...]
Home Prices Up 24 Percent
Home prices in Southern Nevada are continuing to rise. The median price of existing homes for December is up 24 percent from the same time last year, according to statistics recently released by the Greater Las Vegas Association of Realtors (GLVAR). “Local homeowners should be happy with the strong appreciation we’ve seen over the past two years,” said new GLVAR President … [Read more...]
High-Income Households Face Uncertain Impacts from Healthcare Changes
Wealthy Nevadans are not exempt from healthcare uncertainty in the face of the Patient Protection and Affordable Care Act. This is according to the 11th installment of the "High Net Worth Report" released by The Private Bank by Nevada State Bank. One major impact will be a 0.9 percent increase in payroll taxes for those making $200,000 or more. Changing delivery systems and … [Read more...]
Nevada Real Estate & Development Report: October 2013
Projects Henderson, 89052 Hospital Burke Construction has begun construction on the Seven Hills Behavioral Institute Expansion project. Plans for the project include the conversion of an existing one story, 15,000 SF office building to an institutional occupancy building. Upgrades will provide additional space for 36 new inpatient psychiatric beds located within two nursing … [Read more...]
In the Black: A Look at Retail in Nevada
Nevada’s retail industry, both from the brokerage and the retailer’s side, is guardedly optimistic. The optimism is driven by general economic indicators coupled with national retailer behaviors and Nevada sales performances in 2012. Let’s Go Shopping When locating stores, retailers look at sales performance in a city. “We’re seeing sales performance continue to increase in … [Read more...]
Industry Focus: Commercial Real Estate
It’s likely that no industry has felt the recession as strongly as the commercial real estate industry. Yet, industry experts are beginning to see an uptick in the previously challenged market. Executives representing commercial real estate interests recently met at the Las Vegas offices of Stable Development to discuss the market. Connie Brennan, publisher of Nevada … [Read more...]
Nevada Real Estate & Development Report: July 2013
Projects Las Vegas, 89101 Government Las Vegas’ new City Hall has been chosen as the 2013 Public Works Project of the Year by the American Public Works Association. The eight-level, 308,000 SF building replaces the former City Hall that was constructed in 1971. The facility created office space for up to 570 staff members for the City of Las Vegas. The new structural design … [Read more...]
What was your very first job?
“My first job was traveling around the intermountain west refinishing gym floors at high schools, junior high schools and churches. I probably lost a few brain cells breathing the toxic fumes but it gave me the desire to get my college degree as fast as possible. Hopefully the education made up for the lost brain cells.” Richard Bird • Regional Manager, Marcus & … [Read more...]
