Las Vegas Commercial Real Estate

While the commercial real estate market had expanded in the first quarter of 2007, it appears to now be showing signs of cooling, according to the National Association of Realtors (NAR). In the first quarter of 2007, the NAR reported its index on future commercial property activity rose to a record high, up […]

Plise Companies has announced that it is moving forward on the area’s latest planned mini city which will be located 10 miles south of the Strip, near Henderson Executive Airport and the planned M Resort. The $2B, 126-acre mixed-use community called City Crossing will include 600,000-sf of retail, 1.5 million sf of class A […]

For many unable to purchase a home, apartment living provided an affordable option. That affordable option though apperas to be disappearing. According to an recent Applied Analysis report, apartment rents are rising forcing many to move out.
Apartment landlords were requesting average rents of $872 during the first quarter of 2007. This was […]

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reported this week that builder confidence had slipped this month. With a current reading of 30, the HMI has now returned to the lowest level in its current cycle, which was previously hit in September of 2006. The tightening of lender […]

Pacific Capital Management has sold its 252-unit Estancia Apartments at 3350 N. Durango Drive to Preferred Financial Corporation for $35.64 million, or approx. $141,429 per unit, at a cap rate of 5.24%.
Built in 1999, the 249,875-square-foot apartment complex consists of 28 buildings. The unit is comprised of six studios, 96 one-bed/one-bath units, 132 two-bed/two-bath […]