Las Vegas’ median prices on existing single-family homes rose on an annual basis in December, while falling slightly from November’s average, data released by the Greater Las Vegas Association of Realtors in January showed.
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A local group, built by power players such as Mark Fine and Irwin Molasky, is looking to carry downtown Las Vegas into the next chapter of its evolution.
The housing market in Southern Nevada, for resale and new-home construction, is on a course to see an increase in activity in 2017.
SALES OF SIGNIFICANCE • Universal Health Realty Income Trust purchased 44,894 square feet of medical office space at 2704 N. Tenaya Way for $15.3 million. Charles Moore and Marlene Fujita-Winkel represented the seller, Tierra Nevada LLC.
Long-time real estate developer Rohit Joshi is on the verge of a new era at his Neonopolis retail center in downtown Las Vegas. The property is shaping up to be a hot spot for gamers and millennials — raising the profile on the once struggling center.
A commercial real estate megaproject all but halted by the recession is once again seeing construction crews and heavy equipment moving dirt at the site on a new speculative industrial project.
The Greater Las Vegas Association of Realtors tapped longtime association executive Wendy DiVecchio to serve as the new CEO of the GLVAR in January. Her position began Jan. 1.
Robert Combs, 75, has raised more than a quarter of a million pigs for market since opening R.C. Farms in North Las Vegas in 1963, but that part of his life is about to end.
Boyd Gaming Corp. announced the completion of its renovation work on the California, also known as the Ninth Island for its Hawaiian decor, in downtown Las Vegas in December.
Las Vegas made it on the list of top five metropolitan areas where it’s a good time to invest in the hotel sector. That’s according to a fourth quarter hotel market outlook by California-based Ten-X — a real estate marketplace and research firm.
The Las Vegas chapter of the National Association of Hispanic Real Estate Professionals Las Vegas recently installed Ortiz as its 14th president since its founding in 2000. Its ongoing goal in Southern Nevada is to grow Hispanic homeownership and educate real estate professionals on making that a reality.
Is the mall as we know it on the road to extinction? Las Vegas’ brick-and-mortar retailers largely have had a positive sales year, but regional mall operators are increasingly employing innovative strategies to combat oversaturation and the rise of e-commerce.
SALES OF SIGNIFICANCE
Southern Nevada Home Builders Association announced Dec. 1 that longtime Pulte Homes Construction Manager Jacob Ortega, 37, died Nov. 30.
Cushman &Wakefield Commerce announced the sale of two apartment buildings in Las Vegas to a New York-based firm in December.
SALES OF SIGNIFICANCE
New Port Beach, California-based Panattoni Development Co. is finishing up construction on a 482,300-square-foot speculative industrial building in the Henderson Airport region — just east of Interstate 15 and south of St. Rose Parkway. It’s the first of five total buildings planned at South 15 Airport Center by the company.
One of the coolest things about attending a Southern Nevada Home Builders Association function is the parade of super big trucks in the valet. After the trade group’s Dec. 1 luncheon at the Four Seasons Hotel, a magnificent, white Ford F-150 with desert dirt splattered over the right fender pulled up to retrieve its driver — a perfect punctuation mark for the affair.
Since opening in the fall of 2014, Downtown Summerlin has proven to be a vibrant addition to one of the city’s most upscale and fastest-growing communities, and Andrew Ciarrocchi has had a guiding hand in its success.
SALES OF SIGNIFICANCE
Credit One Bank, which offers several credit cards to consumers across the United States, is planning to break ground on its new four-story, 152,000-square-foot corporate headquarters in Las Vegas in December. The new building will sit just south of Interstate 215, between Durango and Buffalo drives.
Amazon expects to move into a new, 813,120-square-foot distribution center near North Lamb Boulevard, just north of Interstate 15, by summer. The complex is under construction.
Uri Vaknin, a partner in KRE Capital, said the group’s downtown property, The Ogden, which it owns in a partnership with a New York firm, is nearing a conversion from a partial rental and sales building to a “full-on” sales building.
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