Industrial development in our region is on the rise, and this is good news because it should fuel greater demand for housing as large, new clients move to the market.
When it comes to the economic development work that I and the Las Vegas Global Economic Alliance do every day, we forecast some major near-term opportunities. During the next year or two, we will see logistics and manufacturing operations locate in Southern Nevada. Much of this activity will be necessary to fill the millions of square feet of ... read more
Coldwell Banker Premier Realty is proud to announce that its Strategic Services Division in Las Vegas represented the seller on the sale of a 5,000-square-foot medical office building for $1.725 million. The property recently closed escrow and is located across from the St. Rose Dominican San Martin Hospital at Warm Springs and Cimarron Roads.
“This is a great example of what CBPR can do,” said Tom Mangione, Vice President of New Business Development at CBPR. “We helped the client sell... read more
Hospitality Cosmopolitan $1,730,000,000 1,000,807 sq.ft 2,995 room hotel and casino Purchased by Blackstone Group from Deutsche Bank
Downtown Summerlin Fashion, dining and entertainment 1.6 million sq.ft Shopping opened 2014 Multifamily, hotel
The Linq The Linq Promenade includes dining, shopping and entertainment, with a 550-foot observation wheel Hotel is 2,640 rooms Casino is 118,000 sq.ft The observation wheel, called the High Roller, opened in March 2014
Grand Bazaar... read more
National commercial real estate trends continue to reflect weakness. Housingwire.com (Gaffney, 8/26/10) notes that 88 percent of respondents to a development survey stated that development was almost non-existent in their markets. Such is the case here in Las Vegas as well and while there is still some construction in office, retail and industrial, there is almost no planned product and no planned product that we are aware of in industrial.
Similarly, on REIT.com, Green Street Advisors analyst Steven Frankel als... read more