Las Vegas Commercial Real Estate

Commercial brokerage firm Marcus & Millichap are predicting an increase in apartment rents for several key cities including Orange County, Fort Lauderdale, Las Vegas, San Diego, and New York City.
Since 2001, the national rental-apartment market has slowly climbed out of its slump. Marcus & Millichap expect the recover to continue through 2006. Factors […]

What does the new year have in store for the Las Vegas Valley’s commercial tenants?
Most likely increases in rent — in some cases up to 15 percent.
“Potentially significant rent increases are expected during 2006 as leases expire and developers attempt to catch up to inflation,” said John Restrepo, principal of Restrepo Consulting Group.
When […]

Our sister company EastBiz.com is looking to purchase office building with the purpose to lease them as Executive Suites. Eastbiz is in the incorporation business helping people to set up corporations and LLCs in Nevada and all other U.S. states. Many business owners prefer to start in a nice small office with full service, […]

Financing, developer equity, and hard contracts have resulted in some recent high-rise cancellations. Banks, as a result, will likely scrutinize future projects more closely before providing a construction loan.
“There are 60,000 condominium and 19,000 condo-hotel units currently proposed, planned or under construction in the Las Vegas Valley,” said John Restrepo, principal of Restrepo Consulting Group, […]

The Las Vegas apartment market tightened in October, with the vacancy rate for about 80,000 units dropping to 4.14 percent from 4.47 percent the previous month, said Spence Ballif, senior vice president at CB Richard Ellis. The highest class of apartments reported 3.83 percent vacancy, the middle class was 4.47 percent and the bottom class […]