Las Vegas Commercial Real Estate

David Lereah, NAR’s chief economist, said it takes time for commercial real estate to respond to changes in the overall economy. “There is a well known lag effect in commercial real estate, with a strong rise in jobs over the last two years currently bearing fruit in terms of higher demand for commercial space, especially […]

While Wall Street has projected 2005 to be a down year for real estate investment trusts, REITS may prove to be the exception. Among the top REIT segments that have been performing well in 2005 are: self-storage up 29.7%; regional malls improved 17.2%; and residential increased 14.3%.
Observers attribute the solid performance of […]

If the real estate is cooling, will anybody be hiring? Economy.com is predicting that total employment growth will slow down within the industry, but that broad-based gains are still expected. Demand for construction workers, mortgage brokers and others could slow. Manufacturing jobs will probably drop off.
To read more on the state […]

After slowing for most of 2005, commercial backed securities delinquencies are again climbing. This appears to be a result of dealing with the aftermath of hurricanes Katrina, Rita, and Wilma.
In October 2005, the delinquency rate on fixed rate commercial mortgage-back securities increased for the first time in eleven months. According to RBS […]

Some of the nation’s largest lenders are cutting back on financing and are tightening standards for condominium projects, a sign that banks, which helped to fuel the run-up in real-estate prices with cheap debt, may be growing more skeptical about the prospects for residential properties.
In recent months, lenders have been requiring developers to put more […]