Las Vegas Commercial Real Estate

In the current housing market, it seems that more and more people are turning to selling their own houses themselves without a real estate broker. According to the top sellers list on our site, Las Vegas is the #1 spot, quickly followed by Miami, where people are taking the plunge and selling their houses themselves [...]

New York-based Compass Partners, a private equity firm, has closed on its acquisition of the assets of USA Commercial Mortgage Co.’s First Trust Deed Fund. Compass’ $67-million offer was the high bid at a bankruptcy court auction in December. Compass Partners does not plan to liquidate the assets, but rather service the loans through the [...]

The Los-Angeles based investment entity, High Valley IV LLC, has purchased the office building at 3760 Pecos Mcleod Road for $6.6 million or approximately $222 per sq. ft. There was a 7.3% cap rate at the time of the closing. The seller was SGB Weiner Investments LLC. Built in 1992, the single-story office building totals [...]

MGM’s first condo tower in the City Center, the Mandarian Oriental is already 90% sold after only 14 days of converting reservations into hard contracts. That’s an aggregated price of $600 million. Still being developed are the penthouse units. In shell condition, the prices will range from $3.7 to $9.1 million and will vary in [...]

Southern Nevada’s continuing construction boom is stretching its construction workforce to its limits. Construction workers are in such high demand that many companies are having to resort to out-of-state recruiting, signing bonuses, flex hours, and 401(k) plans to attract the skilled labor they need to finish their projects. According to the Department of Employment, Training [...]