A 300-acre housing development stalled during the recession in Summerlin is moving forward once again, with a grand opening on several models planned for late spring.
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Representatives from the valley’s major cities spoke about the positive development under way and what can be expected in the coming years at a recent event early this month.
Leadership at local commercial brokerage MDL Group went searching for a larger space to expand its offices in the southwest part of Las Vegas just over a year ago, not expecting the twists and turns it experienced. At that time, the company’s leaders were looking to either buy or lease an existing structure, but were eventually led to start construction on a new building.
SALES OF SIGNIFICANCE • Pathfinder Partners purchased the 89-unit Tierra Bella apartment community at 10620 Alexander Road fro $12.5 million from Willows at Lone Mountain West LLC .
Confidence in the local housing market is growing for 2017, according to a first quarter Quarterly Sentiment Index from the University of Nevada Las Vegas’ Lied Institute for Real Estate Studies and the Greater Las Vegas Association of Realtors.
Beyond spindly, denuded trees, a cold breeze softly rippled the surface of the rounded swimming pool surrounded by verandas. Only a few residents were visible, traversing the large, grassy common areas between the units and clubhouse. On this late afternoon, the grounds took on a feeling of hibernation, but this perception was deceiving. Elysian West — emblematic of the city’s residential building surge — is buzzing.
A local developer is switching gears on a development near McCarran International Airport once pegged for office space with plans to raise a pair of industrial buildings on the site.
NAIOP Southern Nevada — a commercial construction trade group — hosted national and local experts to speak about real estate in Las Vegas and across the U.S., along with the potential for upcoming changes in regulation and infrastructure projects.
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.
Residential and some sectors of the nonresidential construction markets have been heating up over the last several quarters in the Las Vegas Valley, leading to a greater need for qualified workers. But some local firms and homebuilders are reporting a dry spell in available workers needed to fill some of the new positions.
The Bascom Group, an Irvine, California-based firm with several multifamily holdings in Las Vegas and across the U.S., increased its Southern Nevada footprint at the end of 2016.
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.
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.
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.
The housing market in Southern Nevada, for resale and new-home construction, is on a course to see an increase in activity in 2017.
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.