Recently, a home in MacDonald Highlands in Henderson sold for $5.35 million. While significantly higher than the median sale price, it’s representative of a typical transaction these days, according to real estate brokers and developers in Nevada. What was unusual about this particular deal was that the 80-year-old retiree in Florida who purchased the home conducted the … [Read more...] about Luxury Demand
Summerlin
Office ProjectsFor a New Generation
The signals to office developers to develop are typically simple. Economic growth creates demand for office space, existing buildings begin to fill, rents rise and developers can make new projects pencil out. That’s happening, sort of, across Nevada these days. Vacancy rates in office buildings have fallen to about 12 percent in Las Vegas and about 11 percent in Reno, and … [Read more...] about Office Projects
Strategic PlaysGolf Course Communities Widen Amenities
A successful luxury golf course community these days really isn’t about the golf, explained Rich MacDonald. Instead, the owner of DragonRidge Country Club in Henderson said the golf communities that thrive are those that deliver opportunities for strong social connections — times for members to mingle over a glass of wine, share a laugh over a good dinner, stretch during a … [Read more...] about Strategic Plays
The Return of Office 2019Nevada’s CRE Office Industry
Nevada’s commercial real estate office market is healthy, but not considered robust. Hit hard during the 2008 recession, it’s good to see vacancy rates dropping and rents increasing, but there’s been very little new product built in the last decade, which accounts for at least some of the continuing drop in vacancy rates. “The office market is not where we’d like it to be, … [Read more...] about The Return of Office 2019
Around the StateFebruary 2019
NSHE Partners with CCSD and Adopts Goals The Board of Regents has approved a memorandum of understanding between the Nevada System of Higher Education (NSHE) and the Clark County School District (CCSD) which will focus on remediation, dual enrollment and increasing career and technical education opportunities. In addition, the president’s of NSHE institutions recently held … [Read more...] about Around the State
DC Building Group Commences Redevelopment of Rampart Commons Retail Center
LAS VEGAS – A popular retail destination in the Summerlin area is getting a face lift. Shawn Danoski, CEO of Las Vegas-based DC Building Group, announced today that the general contractor has started the redevelopment of the site and facade of the Rampart Commons retail center at the northwest corner of Charleston and Rampart boulevards. The project includes a revamp of the … [Read more...] about DC Building Group Commences Redevelopment of Rampart Commons Retail Center
Pinot’s Palette to Open Third Las Vegas Location at Town Square
Visitors at Town Square will soon have a new place to bring out their inner artist. Pinot’s Palette, the popular paint-and-sip studio, will be bringing more fun and creativity to the community when it opens its third Las Vegas valley studio at Town Square on Friday, April 7. Located on the west end of Town Square, across from the Yard House and just below AMC Town Square 18 … [Read more...] about Pinot’s Palette to Open Third Las Vegas Location at Town Square
Shakespeare’s Macbeth Live at Lake Las Vegas on Oct. 21 & 28
The William Shakespeare tragedy of Macbeth will be staged by the Shakespeare Institute of Nevada at Lake Las Vegas on Friday, Oct. 21 and Oct. 28 on the grassy knoll main stage in MonteLago Village from 7 p.m. to 8:30 p.m. The famed play dramatizes the damaging physical and psychological effects of political ambition on those who seek power for its own sake. Performances are … [Read more...] about Shakespeare’s Macbeth Live at Lake Las Vegas on Oct. 21 & 28
Real Estate Expo Las Vegas Announces Industry Mixer Featuring Zillow Group
LAS VEGAS – Real Estate Expo Las Vegas, a two-day event that kicks off on April 8 at Cashman Center, will host an exclusive industry mixer with a spotlight on Zillow Group, the mixer’s featured company and gold sponsor of the Expo. The Expo for the first time brings together local home builders and real estate professionals to showcase “all things real estate under one roof.” … [Read more...] about Real Estate Expo Las Vegas Announces Industry Mixer Featuring Zillow Group
Real Estate Expo Las Vegas Brings “Las Vegas Housing Outlook” to Cashman Center
LAS VEGAS – Real Estate Expo Las Vegas, a two-day event that kicks off on April 8 at Cashman Center, will include the latest installment of the “Las Vegas Housing Outlook,” presented by Southwest Gas. The presentation features an in-depth look at consumer housing demand in Las Vegas by Home Builders Research, Inc. President and CEO Dennis Smith. This event will provide … [Read more...] about Real Estate Expo Las Vegas Brings “Las Vegas Housing Outlook” to Cashman Center
The Office Market: Slow and Steady into the Future
As a mixture of economic indicators appear to show the recession in our rear view mirrors, movers and shakers in Southern Nevada’s office market are cautiously planning ahead for slow and modest growth in the coming months. “The trending is moderate growth overall due to a bettering economy,” says Lance Bradford, founder of Stable Development in Las Vegas. “There are … [Read more...] about The Office Market: Slow and Steady into the Future
Mountain’s Edge is nation’s third fastest selling master plan
Providence and Summerlin also among top in sales - Mountain's Edge is the third fastest-selling master-planned community (MPC) in the U.S. This is according to a report recently released by RCLCO, a national real estate advisory firm. The report indicated the MPC has sold nearly 600 homes from January through June - a 26 percent increase over its 2012 pace. The two … [Read more...] about Mountain’s Edge is nation’s third fastest selling master plan
Housing Market: Honing in on Homes
With increasing sales and home values, Nevada’s housing market shows signs of recovery and strength not seen in recent years. “We’re on a good path right now,” said Patti Kelley, president of the Nevada Association of Realtors (NAR), a group that provides services to its members and advocates for private property rights. “We’re pulling out of the worst of it and finally … [Read more...] about Housing Market: Honing in on Homes
Back to Schools You Wouldn’t Choose: Nevada parents have been left behind in the school-choice movement
As Nevada’s children return to school this fall, many parents will again be frustrated, recognizing that their children will be relegated to sub-standard education. Parents who can’t afford to live in the wealthy neighborhoods that host the best public schools, and who can’t afford private-school tuition, will discover that the educational opportunities available to their … [Read more...] about Back to Schools You Wouldn’t Choose: Nevada parents have been left behind in the school-choice movement