Las Vegas Commercial Real Estate

This week, IRETO (The International Real Estate Trade Organization) released its Global Commercial Real Estate Outlook Report. The report reviews major trends and looks at global economic trends that affect commercial real estate.
The top 5 trends noted in the report:
1) Real estate financial markets will continue to be more structured & productive
2) New capital will […]

Now that several high rollers in the Las Vegas condo-hotel game, with properties linked to the likes of Michael Jordan and Ivana Trump, are either folding or selling their holdings, a growing number of players are losing their taste for big bets on high-rise residential real estate development.
Over the past two years, as high-rise fever […]

Soaring U.S. construction costs, as well as high land prices and favorable financing, are likely to keep prices for hotels strong for at least the next few years, hotel owners said on Tuesday.
“An inflationary environment for construction costs is good news for companies like ourselves,” Bob Alter, president and chief executive officer of real estate […]

While nothing has yet to be “officially” announced regarding the future of the Frontier, the Strip’s oldest continually operated hotel-casino, the owners have filed plans with the Clark County Planning Commission.
The project includes plans for:
- 2,800 rooms in a 62-story tower, including more than 2,000 standard rooms of approximately 500 […]

Imagine this scenario for commercial office building in excellent very high-end location. Locate on very busy street, excellent visibility from street, business oriented hotel located behind the office, and next to high-end restaurant row.
Monthly rent income: $53,000
1st loan payment: $18,500c covering 45% of purchase price, assumable loan with good interest rate (6.75%)
2nd loan payment: $20,000 […]