Las Vegas Commercial Real Estate

The Las Vegas Business Press is reporting that the Juliet Cos. is planning to build a $75 million, 325,000-square-foot power retail center called Deer Springs Crossing in North Las Vegas. The 35-acre complex will consist of 25 buildings.
The first phase which will include a 7.5 acres Kohl’s store is scheduled to open in […]

If commercial real estate investors want to continue to perform well in 2007, they must consider expanding their universe of options. That’s the findings of the 13th annual edition of LaSalle Investment Management’s Investment Strategy Annual, a comprehensive survey of, and outlook for, the global real estate markets for 2007.
“Real estate investors must […]

The Blue Harbor Apartments at 3380 Swenson St. sold to SVS Apartments LLC for $33 million, or about $82,500 per unit. The multifamily complex has 400 units in 12 buildings totaling 141,925 square feet. It is also on an 8-acre parcel of land. The property was sent into a six-month escrow period […]

The Buckley Trust sold the Super Suites motel at 3625 Boulder Highway to the Siegel Group, Inc. for $15 million, or approximately $80,645 per room. Built in 1996, the two-story motel measures 73,135 sq. ft. It is comprised of 186 rooms and is on 10.18 acres of C-2 zoned land. […]

A recent Marcus & Millchap report points to nation-leading employment growth coupled with diminished rental inventory due to recent condo conversions as resulting in a robust improvement in the Las Vegas apartment market.
“Supply has been depleted due to conversion activity, and multi-family construction has been focused largely on the for-sale market during the […]