Las Vegas Commercial Real Estate

The Mortgage Bankers Association (MBA)) released its findings regarding mortgage debt levels. The level of commercial/multifamily mortgage debt outstanding grew by 2.5% in the first quarter, exceeding $3 trillion for the first time. This was an increase of $72.4 billion that the Federal Reserve reported for the fourth quarter 2006.
Commercial banks […]

The retail strip center located at 7293 W Sahara Avenue and owned by Whitcombe Investment LLC has been sold. The buyer, PTI Investments LLC purchased the 15,000 square foot development for $7.25M, or approximately $484 per square foot.
The building was completed in April of this year and is part of the Stone Canyon […]

The current decline in the housing market and the collapse of the subprime market has changed the face of the homeowner. As more and more foreclosures occur, lenders and investors like Citigroup, Morgan Stanley, Merrill Lynch, Lehman Brothers and JPMorgan Chase are becoming the new owners are large chunks for real estate across the […]

Summit Global LLC has sold the property located at 2260 S. Rainbow Blvd. in the Rainbow Sahara Center. The buyer, Summitt Global LLC purchased it for $12.23 million, or about $117.50 per square foot.
The general freestanding structure measures 104,282 square feet and sits on 7.76 acres. It was built in 1989. […]

According to reports from Marcus & Millichap Real Estate Investment Services and CB Richard Ellis, the Las Vegas retail market will continue its prosperity throughout 2007 and in the years to come. Ongoing steady population growth has new retail developments under construction and retailers preleasing significant amounts of space. This is keeping vacancy […]