Las Vegas came under the global real estate spotlight in July with two high-profile listings of former gaming executives whose homes define class and luxury in Southern Nevada.
NAIOP Southern Nevada, an organization representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate, held its 23rd annual NAIOP Spotlight Awards in a June 25 virtual awards ceremony.
Devin Lee , CCIM, and Montana Giesbrecht of Access Commercial Mortgage have announced the recent financing of Pair-A-Dice Mobile Home Park for $3,200,000. This property consisted of 137 mobile home units in an Opportunity Zone at 2067 N. Las Vegas Blvd. in North Las Vegas. This transaction closed on June 19. Access Commercial Mortgage represented the buyer, Espinoza Ruano LLC Koala Apartments LLC, on this transaction.
Former Major League Baseball player Aaron Rowand sold his Summerlin home he built in 2011 in The Ridges for $5.5 million, but a Chinese investor led the way in the second quarter paying $5.88 million for the Queensridge estate of Realtor Tom Love who served as his own agent.
A report released today, July 7, by Las Vegas Realtors (LVR) shows local home prices breaking their all-time record despite the coronavirus pandemic and economic downturn, though fewer homes are selling compared to the same time last year.
Multimillion-dollar luxury homes and six-figure pools to match go hand-in-hand. But pools for luxury homes aren’t simply like those in moderately priced homes, which serve only as a place for family, friends and neighbors to cool off from the heat. Builders and Realtors said pools in luxury homes are an extension of that property and even celebrated for the view they provide from the inside. None have ever come across a multimillion home home without a pool.
NAIOP Southern Nevada, an organization representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate, held its 23rd annual NAIOP Spotlight Awards in a June 25 virtual awards ceremony.
Two senior vice presidents of The Howard Hughes Corp., developer of the master-planned community of Summerlin, the retail/dining/entertainment/sports destination of Downtown Summerlin, Las Vegas Ballpark and owner of the Las Vegas Aviators, were recently elected to head two of the valley’s leading development industry organizations.
The National Association of Realtors (NAR) reported that many prospective homebuyers are looking for properties with home offices, yard space and plenty of room to accommodate the whole family. Prospective homebuyers are also shifting neighborhood preferences from urban to suburban areas, and over 77 percent of those who plan to sell believe they will do so following the end of stay-at-home orders, which means aspiring homeowners should prepare now.