Las Vegas Commercial Real Estate

General Electric Company has agreed to buy commercial real estate investment trust Arden Realty Inc. for approximately $3.2 billion in cash making this one of the largest U.S. real estate deals in history. Arden, a publicly traded office landlord located in Southern California, maintains 18.5 million square feet in 192 buildings.
GE’s real […]

Local economic research firm, Applied Analysis, is reporting that the median vacant-land prices topped $708,000/acre in the third quarter. This marks a phenomenal 99% increase over the last 12 months and a new all-time high for Southern Nevada property prices.
In the third quarter alone, there were a total of 362 real estate […]

As construction continues on the new $150M Allure luxury high-rise condos, the low-income neighborhood that lies in the shadows of the Stratosphere has become a focal point for investors looking for prime locations for redevelopment. More and more renters in this neighborhood are being handed eviction notices after the city has condemned their […]

In a recent issue, the National Real Estate Investor takes a look at what they consider to be five hot-button issues impacting the commercial real estate market in 2006. They include: rising energy, construction costs, waning consumer spending, job restructuring, rising interest rates, and excess liquidity. For their in-depth analysis, click here.

For the second time in three months, the Las Vegas Convention and Visitors Authority has snapped up an apartment complex on nearby Sierra Vista Drive for more than $10 million — assuring a windfall profit for the owner who flipped the parcel, depleting the number of affordable rental units in the area.
Still, LVCVA officials praised […]