Las Vegas Commercial Real Estate

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. […]

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 […]

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 […]

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. […]

The Chicago Mercantile Exchange plans to introduce cash-settled futures and options based on real-estate prices in 10 large cities including Las Vegas. The CME says the planned futures would be priced at the housing index level times $250.
Exchanges are scrambling to unveil the housing-market derivatives as more signs point to an end of the […]