Las Vegas Commercial Real Estate

The tenant pays a base rate in conjunction with the square footage of the retail facility. Typically, the tenant will also pay some common charges and frequently a certain percentage of the gross sales. The tenant may also be assessed part of the property taxes. A shopping mall lease will often include terms about signage, [...]

Is the recent influx of canceled projects the result of underestimating construction costs or failure to understand the Las Vegas market? Rod Martin, vice president of Majestic Realty, has difficulty understanding why so many projects are citing rising construction costs as the reason for developers nixing so many condos and mixed-use projects. In his opinion, [...]

The Associated Press is reporting that the Taubman Centers, owner and developer of high- end shopping malls, has teamed up with MGM Mirage, to build an 18 million- square-foot complex in the heart of Las Vegas. The $7 billion project will include a 4,000-room resort hotel and casino, a 400-room Mandarin Oriental Hotel, with 215 [...]

Federal Realty knows something about the nature of mixed-use projects. Starting in 1997, the company built one of the first modern mixed-use projects, Santana Row, in San Jose, California. In a recent interview with Reuters, CEO Don Wood spoke about the need to temper the rising excitement over mixed-use projects. As he puts it, they [...]

According to local research firm, Applied Analysis, out of the 100 condo projects planned, only one in five has broken ground and only two in five may start before the end of the decade. However, local experts argue that the run on cancellations isn’t a result of a lull in demand. They point to the [...]