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Archive for August, 2006

Third Times A Charm

Wednesday, August 30th, 2006

For the third time in nine years, the garden-style apartment complex, Desert Pines, located at 3700 East Bonanza Rd., has changed owners. A joint venture of PMHE Real Estate LLC of Marina Del Rey, CA and Paragon Management Co. LLC of La Jolla, CA, paid $33 million for the property. […]

Montecito Marketplace Breaks Ground

Wednesday, August 30th, 2006

Montecito Cos. launched Phase II of their $48 million, 207,765-square-foot retail center in northwest Las Vegas. The first phase of construction completed in November 2005, involved building a 19.2 acre, six building complex which is now 100 percent leased.
Phase II will involve constructing seven buildings with inline stores, retail pads and […]

Urban-Village Pre-Sales Strong

Monday, August 28th, 2006

Developer Centex Destination Properties’ is confident that their latest project known as Urban Village located on the South Strip will continue to build momentum. Last week, they announced that buyers had staked claim to $55 million in units during the initial phase known as The Brownstones. The Brownstones’ planned amenities will include a […]

Las Vegas Still Business Hot Spot

Friday, August 25th, 2006

Entrepreneur Magazine ranked Las Vegas 4th in its “Annual Entrepreneurial Hot Cities” report which ranks the nation’s best places to start and grow a business.
The California exodus of many who cashed out their real estate profits and relocated to more affordable western states like Nevada, has assisted in keeping Vegas in the top […]

The Next Niche Market

Thursday, August 24th, 2006

Looking for the next real estate market niche where you can count on a 100% occupancy rate? Then, look no further than off-campus student housing. The student housing market is a profitable market with the bulk of the estimated $160 billion market being controlled by independent companies and investment groups which typically […]