unsaved changes Story BP REAL ESTATE COLUMN JEFFREY NOV. 7-16 edit story 18.7 inches 685 words Several pieces of news came by my desk this week that will have a major impact on commercial real estate in Las Vegas. GC Garcia Inc., owned by George Garcia, has been retained by the city of Boulder City to create a master plan for 700 acres of industrial growth at Interstate 11 and U.S. Highway 95. Garcia called it a “huge opportunity” during a CCIM luncheon in late October. The I-11 project could shine some positives on Boulder City during construction. The $318 million, two-phase project began in 2015 and is expected to be completed by 2018. It’s projected to create 4,000 direct, indirect and induced jobs.
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The Greater Las Vegas Association of Realtors reported an increase in homes sales for the Las Vegas Valley in September, while prices stabilized and the city’s supply decreased.
A web search might suggest real estate crowdfunding is a big, growing phenomenon. While that’s generally true, it is still a very small part of total dollars invested, both nationally and locally. A Securities and Exchange Commission analysis, “Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009-2014,” showed that only 2 percent of total investment dollars were gathered under a new set of SEC rules, 506(c) of Regulation D, which allowed accredited investors to advertise deals through an electronic platform. The analysis, which covered investments in real estate, startups and other venturs, tracked companies required to file under Regulation D.