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.
Rising 43 floors above the Strip, in the heart of Las Vegas, is a rare three-level gem. From custom furnishings to the amazing black crystal chandelier, the sophisticated Sky Las Vegas Penthouse No. 4302 embodies elegance on every level.
Before COVID-19 slowed the Las Vegas housing market, builders during the first quarter sold more affordable new homes than the first three months of 2019, and nothing epitomized that more than the breakout of the Villages of Tule Springs and Valley Vista — two new master plans in North Las Vegas.
Dermody Properties, a national private equity real estate investment, development and management company, has purchased 9.49 acres in Las Vegas for a new state-of-the-art facility that will be called LogistiCenterSM at Sunset. This 151,200-square-foot, e-commerce-ready property at Sunset Road and Bruce Street in Las Vegas is expected to be completed in the first quarter of 2021.
A recent report by Las Vegas Realtors shows local home prices holding their ground amid the coronavirus pandemic and economic downturn, though fewer homes are selling.
Las Vegas stands to benefit from a new wave of buyers who were influenced by the coronavirus pandemic, especially on the luxury side. They can be called COVID buyers.
David Wilkinson epitomizes a new type of luxury buyer that’s going to be relocating to Las Vegas in the aftermath of the COVID-19 era.