The California legislature seems to have a habit of increasing the cost of doing business and raising costs on individuals living in the state. This has included everything from raising income taxes to raising the state’s minimum wage; most recently, the price of constructing a new home may be going up, potentially ushering in a higher cost for homebuyers.
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Cushman and Wakefield Commerce, a commercial brokerage covering the Las Vegas area and other parts of the Intermountain West, has increased the portfolio it manages by more than 700,000 square feet.
SR Construction has completed work on the build-out of the third and fourth floors at Centennial Hills Hospital, the company reported this month.
Ft. Worth-Texas based D.R. Horton Inc. has expanded its footprint in Southern Nevada.
Some of the valley’s older neighborhoods in zip codes surrounding the northeast and portions of town just west of Interstate 15 kept ahead of the pace in appreciation compared to the area’s high-end, master-planned communities in 2016. Despite aggressive gains, mature neighborhoods had a lower median price overall, according to a report from Las Vegas-based real estate data firm SalesTraq.
President Donald Trump is just crossing his first month in office and has flicked his pen many times on several executive orders — one of those relating to financial regulations or the Dodd-Frank Wall Street Reform and Consumer Protection Act, which he called a “disaster” and vowed to do a “big number” on.
The Las Vegas multifamily market is the biggest bargain out of the top 20 cities across the country but leads the nation in rental rate increases, a January report by AppFolio shows.
Henderson and Las Vegas were on the list of metropolitan areas across the country with the fastest-growing average rents in the multifamily sector at the end of 2016, according to a January report from RentCafe — a nationwide apartment search website.
Homebuilders in Southern Nevada could face ripples and potentially cause their own, during the Nevada 2017 legislative session in Carson City, set to begin Feb. 6.
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.
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.