A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. “We are seeing a good deal of industrial, including build-to-suit industrial and even some spec type industrial, and we’re seeing a lot of multi-family [apartments] and … [Read more...]
One Nevada Credit Union’s Business Lending Team names New Assistant Vice President and New Credit Analyst
Las Vegas, NV — One Nevada Credit Union is pleased to announce the promotion of Robert Kraus to Assistant Vice President / Sr. Credit Analyst of Business Lending at their corporate offices in Las Vegas. Robert will continue analyzing credits, underwriting new loans and managing the existing loan portfolio as well as oversee more of the department’s day-to-day operations. Mr. … [Read more...]
Financial Foundations: Funding Commercial Real Estate in Nevada
Nevada’s commercial real estate industry is growing again. New projects are underway, both sales of existing buildings and those under construction. “We’re definitely seeing a large increase in our loan volume over the last several months,” said Debra Alexandre, president, Nevada State Development Corp. “It’s looking much better than it has since the recovery began. We’re … [Read more...]
CenturyLink Invests in LVGEA
CenturyLink Invests in Southern Nevada through Las Vegas Global Economic Alliance’s ‘Engage Southern Nevada’ Campaign Las Vegas – CenturyLink has joined an expanding number of businesses that support Las Vegas’ global economic development efforts. CenturyLink recently invested in the Las Vegas Global Economic Alliance’s ‘Engage Southern Nevada’ investment campaign, which … [Read more...]
Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
Volunteers in Medicine of Southern Nevada Hosts Groundbreaking Event for Clinic in Downtown Las Vegas Groundbreaking ceremony for VMSN’s new downtown Las Vegas clinic. Members of the community are invited to attend and receive information about the project. [Read more...] Wells Fargo Invests in Southern Nevada through Las Vegas Global Economic Alliance's 'Engage Southern … [Read more...]
El Dorado and Miller Investments, Colliers finalize sale of vacant land
LAS VEGAS – Colliers International – Las Vegas announced the finalization of a sale to One Nevada Credit Union. The approximately 1.78 acres of vacant land is located on the southwest corner of Durango Drive and Spanish Ridge Avenue in Las Vegas. The transaction value was $900,000. Robert Torres and Scott Gragson of Colliers International represented the seller, El Dorado and … [Read more...]
Nevada Real Estate & Development Report: November 2013
Projects Las Vegas, 89109 Tutor Perini Building Corp. has begun construction on the third phase of the Marriott’s Grand Chateau, the first vertical construction to occur on the Las Vegas Strip since 2008. Construction is projected for completion mid-2014, and will add 233 tower villas for a total of 643 units at the timeshare resort. The tower villas range from one- to … [Read more...]
Credit Unions in Nevada: They’re Coming Back
During the recession, Nevada’s Boulder Dam Credit Union (BDCU) moved from the black into the red, primarily due to loan losses, said President and CEO Eric Estes. It weathered the financial decline by shrinking assets and shares. After three and a half years in the doldrums, the credit union’s health began to turn around. BDCU now has been profitable for about 18 months, … [Read more...]
