Spec Industrial Building Returns

Posted by on Sep 16, 2014 in Las Vegas Market | 0 comments

ProLogis is breaking gournd on its 456,000 SF Las Vegas Corporate Center.  This is an important landmark– the return of speculative industrial construction to the Las Vegas valley. Spec Industrial Construction

Read More

Tivoli Village Available

Posted by on Apr 2, 2014 in Las Vegas Market | 0 comments

Tivoli Village Available The enclosed article describes the potential availability of Tivoli Village, the premier luxury retail, office and residential area around Summerlin.  Very interesting… Original article:  Laura Carroll, Las Vegas Review-Journal, 3-27-14 Tivoli Village Takes First Step in Process  

Read More

Las Vegas Population Growth

Posted by on Mar 25, 2014 in Las Vegas Market | 0 comments

Las Vegas Population Growth Southern Nevada grew at a rate of 2.7% in 2013 to 2,060,000 people, its greatest number ever. Many observers feel the elements are in place for improved economic performance in the valley, including moderately-priced housing, employment growth, consumer confidence, and population growth.  Original Source: David Ferrara, Las Vegas Review-Journal, 3-25-14 Las Vegas Population...

Read More

Huge Housing Gains Continue

Posted by on Mar 11, 2014 in Las Vegas Market | 0 comments

The Greater Las Vegas Association of Realtors  reported that double digit price increases for Southern Nevada homes continue. The median price of a single family home was $190,000 in February, up from $150,000 a year ago. The median price for condos and townhouses also rose to $102,855, a 25.4% increase over last year.  Price growth of 2.7% also was reported for February over the month-earlier prices, while attached homes increased 8.3% over the earlier month. As foreclosures have been declining, and short sales represent a smaller portion of the market, it will be most interesting to see what the spring buying season, which is now upon us, brings this year. Original Source: Jennifer Robison, Las Vegas Review-Journal, 3-11-14 Huge Housing Gains...

Read More

Las Vegas Homebuilding Outlook: 2013 Was Great…

Posted by on Mar 8, 2014 in Las Vegas Market | 0 comments

Homebuilding Outlook: 2013 Was Great, 2014 Less Certain   At the Las Vegas Housing Outlook yesterday, experts noted that 2013 reported residential building permits up 18% and new home sales prices up 33% from the prior year.  But  2014 activity is expected to increase only 3.6% for permits and 8% in pricing. High local unemployment, increasing mortgage costs, and lack of buyer income growth may limit the market.  However, tight residential land conditions are expected to continue. Original Source: Jennifer Robison, Las Vegas Review-Journal, 3-8-14 Real Estate Rally Taking...

Read More

1,000 New Jobs on the Strip

Posted by on Mar 5, 2014 in Las Vegas Market | 0 comments

The Cromwell, a new Strip resort opening on the site of the former Barbary Coast, is hiring 1,000 people for a 188-room hotel and 40,00 SF casino.  1000 New Positions for Cromwell

Read More