Las Vegas Real Estate News Blog

Buyers often ask about the difference between a Foreclosure and a Short Sale.  A short sale implies a late payment status;  the lender(s) accept a price that is less than the outstanding loan(s) and the shortage is forgiven.  A foreclosure is a situation in which the lender has actually taken the property from the owner; […]

TICs are institutional-grade commercial real estate properties that are designed to be cash-flow investments.  The transactions are pre-packaged for investors, with all of the due diligence completed and ready for buyers’ review.  Professional property managers are in place, tenants are in place and the properties have the beneficial non-recourse loans already negotiated and in place.  […]

The Greenspun Media Group has provided the following Las Vegas economic update:

The visitor count for September was nearly 3.3 million, bringing the annual total to 29.6 million, up about 1% over last year.  The Las Vegas Convention and Visitors Authority reported a 22% increase in average daily room rates for the month, and convention attendance […]

The ongoing mortgage freeze will continue to affect real estate activity in most cities throughout the country.  The private secondary market disruptions were the issue several weeks ago and those problems have had impact on conforming loans.  Mortgage originators are unable to sell “Alt-A” mortgages, which allows for those companies to replenish the cash needed […]

Among the new downtown luxury high-rise condominiums under construction is City Mark’s JUHL.  This new development will include luxury condos, dining, shopping, entertainment venues, all part of the new
Las Vegas Downtown Redevelopment lifestyle.  Walking distance to Fremont Experience, Fremont East, government offices and other office buildings, JUHL will offer 100 different floor plans; those […]

Redevelopment is booming in downtown Las Vegas!  With the completion of phases one and two of the World Market Center, Las Vegas is now being considered as the development of the World Jewelry Center.  Commercial development includes the expansion of Las Vegas Premium Outlets mall, the new IRS bulidng and the Molasky Corporate Center.  The […]

 
The World Market is one of the ost exciting additions to
Las Vegas, with a total value that will exceed $2.9 billion, expecting to generate approximately $22 million in annual property taxes upon build-out.  The World Market Center sponsors semi-annual trade shows attended by thousands of national and international furniture buyers and representatives.  Since it opened […]

City Tower in Henderson, Nevada, was recently announced as the city’s newest and most exciting real estate addition.  The $90 million mixed-use development will be situated in the new redevelopment district, with two 12 and 15 story towers, 40,000 square feet of retail space, 168,000 square feet of office space, 137 condominiums and nine penthouse […]

The average price for an acre of vacant land in the Las Vegas area increased 78% from one year ago, to an average price of $1.24 million, according to a local research firm.  Land prices have held steady, having more than doubled in value over the past three years.  Where condominium developers paid less than […]

Many cities in the country are experiencing a decline in the real estate market, but Las Vegas, Henderson and North Las Vegas are still going strong!  Prices did increase so dramatically in 2004-2005, with some appreciation rates in the 40% range, that the natural “correction” of the Las Vegas real estate market was expected.  What […]