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Archive for July, 2006

Up, Up, and Away!

Monday, July 31st, 2006

Will it be the leaning towers of Pisa or an architectural feat to marvel? That’s the question that many are asking of the recently unveiled final design of the MGM’s City Center. Designed by German-born architect Helmut Jahn, the angling towers are supposed to create the feeling of motion, openness and light. […]

Comparing LV and SoCal

Monday, July 31st, 2006

Most of my attention for commercial real estate is in Las Vegas, NV and Southern California. Las Vegas is the place where my business is located and Southern California is the place where I spend a lot of time (South Bay area - Manhattan, Hermosa and Redondo Beach).
Recently I was looking at commercial building for […]

Recommendations for office investments in Las Vegas, NV

Monday, July 31st, 2006

If you are looking to buy commercial office I would recommend finding deal for maximum $220 per sq. foot of finished product. If that’s new construction (gray shell) the maximum price should be $180-$190 (but honestly there are not any like that).
Some offices are already long time on the market (12 months), but negotiating […]

I don’t think it is worth to buy Las Vegas office for $300/sq. foot

Monday, July 31st, 2006

I think Las Vegas is going crazy. Not only I see most of the offices being listed for $300 for sq. foot, but it seems to me there more and more listed for even more.
I think the market cannot hold prices like that for long. I hear a lot about demand driving such high […]

Apartment Landlords Now Benefit

Friday, July 28th, 2006

If you are an apartment landlord and have held onto your property through the preceding rough years, there appears to be a light at the end of the tunnel. Rising interest rates are forcing many consumers to reevaluate their ability to afford a new home. They are now choosing to move back into, […]