Observers see hopeful signs for real estate
Some real estate professionals see a shaft of light in the real estate market gloom enveloping Southern Nevada, although another analyst says he still sees little more than a glimmer so far. The [read more]
[ source ] http://www.lvrj.com : October 29, 2009 |  Comments: (0)

2009 on pace to set foreclosures record
Washoe County is on pace to see a record number of foreclosures in 2009 as moratoriums and a push for more loan modifications failed to prevent a flood of foreclosure-related filings nationwide this [read more]
[ source ] http://www.rgj.com : July 16, 2009 |  Comments: (0)

Housing outlook dim for rest of '09
Little, if any, improvement in the region's commercial real estate market is expected for the rest of 2009, staffers from a Reno real estate company said Thursday. But on some fronts, the worst [read more]
[ source ] http://www.rgj.com : July 10, 2009 |  Comments: (0)

High-price homes struggle
The struggling Lake Tahoe housing market got a much needed boost from lower-priced homes in the first half of the year, but it wasn't enough to make up for sales declines seen in houses at the higher [read more]
[ source ] http://www.rgj.com : July 10, 2009 |  Comments: (0)

Price decline eases
Home prices continued to fall in the nation's top metro areas in April, but a slowdown in the decline has some hopeful that the U.S. housing market might be starting to stabilize. Some local [read more]
[ source ] http://www.rgj.com : July 1, 2009 |  Comments: (0)

Commercial market tilts to tenants
No matter how bad the economy gets, nobody wants a dirty, smelly dog. That's why Kathy Patterson decided to open Barking Dogs Self-Wash and Grooming at Cimarron and Blue Diamond roads in the [read more]
[ source ] http://www.lvrj.com : June 26, 2009 |  Comments: (0)

U.S. home sales rise modestly
WASHINGTON (AP) - Sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of a housing recovery are fragile at best. The National [read more]
[ source ] http://www.rgj.com : June 23, 2009 |  Comments: (0)

The mortgage mess -- to refinance or modify
As notice of default filings climb to unprecedented levels throughout our community, through the Western region, Florida and other parts of our country, the federal government is, once again, on it's [read more]
[ source ] http://www.rgj.com : June 22, 2009 |  Comments: (0)

The mortgage mess -- to refinance or modify
As notice of default filings climb to unprecedented levels throughout our community, through the Western region, Florida and other parts of our country, the federal government is, once again, on it's [read more]
[ source ] http://www.rgj.com : June 22, 2009 |  Comments: (0)

12 percent drop in Sparks leads to flat Washoe sales
Sales of existing homes were flat in May as an unusual drop in activity in Sparks helped snap three straight months of double-digit gains in Washoe County. Median sales price, meanwhile, continued [read more]
[ source ] http://www.rgj.com : June 19, 2009 |  Comments: (0)

Related Nevada Business Articles

Industry Focus
While many feel that most industries in Nevada are beginning to experience small rebounds, one industry that still has a long road ahead is the commercial real estate sector. With asking rents [read more]
May 1, 2012 |  Comments: (0)

Commercial Real Estate Faces Myriad of Issues
For several years, NAIOP, the commercial real estate development association, has established and supported initiatives that will help define the industry going forward. These efforts include, but [read more]
May 1, 2012 |  Comments: (0)

ReD Report
Projects Las Vegas, 89108 Multi-Family Ovation Development Corporation and Silver Sage Manor, Inc. have broken ground on the Lone Mountain Senior Apartments. The 75-unit mixed-income [read more]
May 1, 2012 |  Comments: (0)

Industrial Summary
Las Vegas The Las Vegas Valley industrial market continues to report rising vacancies and further pricing adjustments. The vacancy rate moved upward to 19.0 percent as 418,900 square feet of [read more]
May 1, 2012 |  Comments: (0)

Retail Summary
Las Vegas The anchor-centered retail market recorded 196,600 square feet of positive net absorption during the fourth quarter of 2011, pushing the vacancy rate downward to 10.6 percent. While [read more]
April 1, 2012 |  Comments: (0)

Office Summary
Las Vegas The office sector’s performance continues to struggle as pricing fell amid a continued supply-demand imbalance. Rising three-tenths of one percent from the prior quarter, the [read more]
March 1, 2012 |  Comments: (0)

Industrial Summary
Las Vegas   The Las Vegas Valley industrial market continued to demonstrate signs of weakness in both net absorption and pricing.  The vacancy rate pushed upward to a new all-time [read more]
February 1, 2012 |  Comments: (0)

Retail Summary
Las Vegas   Vacancies among anchored-retail centers move upward as economic uncertainty continues to impact retailers. The market recorded 223,400 square feet of negative net absorption [read more]
January 1, 2012 |  Comments: (0)

Office Summary
Las Vegas   The office sector in the Las Vegas valley continues to show signs of weakness as approximately one fourth of total inventory remains vacant across the valley.  The [read more]
December 1, 2011 |  Comments: (0)

Office Space
 In its third year of being depressed, Nevada’s office space market continues to experience high vacancy rates, lease rates comparable to ones ten years ago, several distressed [read more]
November 1, 2011 |  Comments: (0)

Industrial Summary
Las Vegas   The Las Vegas Valley industrial market continued to show signs of weakness although the sector reported a decline in the vacancy rate during the past three months.  The [read more]
November 1, 2011 |  Comments: (0)

Retail Summary
Las Vegas    Retail vacancies moved downward to a level not seen in more than two years. The market recorded 369,700 square feet of positive net absorption during the second quarter of [read more]
October 1, 2011 |  Comments: (0)

A "Fixer Upper"
 Remember when buying a home was as simple as liking the neighborhood, peeking inside closets, flushing the toilets and filling out papers?  These days, Nevada’s residential real [read more]
September 1, 2011 |  Comments: (0)

Rob Wigton
CEO Reno, NV Number of Employees: 9 Years in Nevada: 17 Years with Company: 2 How did you first get into your profession? I entered the real estate profession in 1994, after years as a [read more]
September 1, 2011 |  Comments: (0)

2011 Legislative Session in Review
 Each year, lobbyists flock to Carson City to push or fight legislation that stands to impact their clients’ businesses. Representatives from every sector across the state work [read more]
September 1, 2011 |  Comments: (0)

Office Summary
Las Vegas  Demand for office space in the Las Vegas valley remains relatively weak as new product entered the market.  Inventory rose during the quarter to 50.4 million square feet as [read more]
September 1, 2011 |  Comments: (0)

Industry Focus
Nevada’s commercial real estate industry has been used as an example across the nation of how difficult things are for the sector as a whole.  Even so, commercial real estate [read more]
July 1, 2011 |  Comments: (0)

Retail Summary
Las Vegas  Retail vacancies pushed upward after three consecutive quarters of decline.  The vacancy rate jumped to 10.4 percent during the quarter, an increase of 0.2 percentage points [read more]
July 1, 2011 |  Comments: (0)

Retail Market
 The statewide retail market appears poised for a comeback – nothing dramatic, mind you, but a comeback nonetheless -- and at this point Nevadans are grateful for just about any ray of [read more]
June 1, 2011 |  Comments: (0)

Office Summary
Las Vegas  The Las Vegas Valley office market witnessed a modest decline in vacancy with continued downward price adjustments.  While no new space completed construction during the [read more]
June 1, 2011 |  Comments: (0)

Heart & Soul
As economic indicators continue to paint a less than rosy picture of the financial health of the Silver State, public and private movers and shakers remain steadfastly committed to the future [read more]
May 1, 2011 |  Comments: (0)

Industrial Summary
Las Vegas The Las Vegas Valley industrial market remained fragile as significant move-outs continued to place downward pressure on pricing.  The vacancy rate moved upward to 17.9 percent as [read more]
May 1, 2011 |  Comments: (0)

Retail Summary
Las Vegas   Retail vacancies declined for the third consecutive quarter, as second-generation space in anchored retail centers was absorbed amid a decline in average asking rents.  [read more]
April 1, 2011 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89121 Retail Burke Construction Group has completed extensive renovations for Sam’s Club located at 5101 S. Pecos Road. Renovations included a complete [read more]
March 1, 2011 |  Comments: (0)

ReD Report
  PROJECTS Las Vegas, 89118 Office Alan Jeskey Builders has completed work for the Nevada Cancer & Surgery Center.  The 4,851 SF project consists of a complete [read more]
February 1, 2011 |  Comments: (0)

Industrial Summary
  Las Vegas         The Las Vegas Valley industrial market continued to weaken as pricing declined among an increase in vacancies.  The vacancy rate [read more]
February 1, 2011 |  Comments: (0)

ReD Report
  PROJECTS Las Vegas, 89122 Multi-Family Burke Construction Group has begun construction on the Perry Plaza Senior Housing Complex for the Southern Nevada Regional Housing [read more]
January 1, 2011 |  Comments: (0)

Retail Summary
Las Vegas         Vacancies declined for the second consecutive quarter, and average asking rents among anchored-retail centers showed signs of continued [read more]
January 1, 2011 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89119 Office Harsch Investment Properties has contracted for the redevelopment of the 51,000 SF Department of Veteran Affairs Consolidated Patient Account Center [read more]
December 1, 2010 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market showed modest improvement from the preceding quarter. After a sustained period of price declines and little [read more]
December 1, 2010 |  Comments: (0)

Office Market
    The office space market across Nevada remains mired in the lingering effects of over-building, scarce credit and a sour economy. But while things won’t get much better [read more]
November 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89118 Office Alan Jeskey Builders has been awarded the contract for the Nevada Cancer & Surgery Center.  The 4,851 SF project will consist of a complete [read more]
November 1, 2010 |  Comments: (0)

David Simard
Senior Vice President Marnell Properties Las Vegas, NV Number of Employees: 9 Years in Nevada: 4 months Years with Company: 4 months   What inspired you to [read more]
October 1, 2010 |  Comments: (0)

The 2010 NAIOP Summit
Dear NAIOP Members and Guests,     Welcome to the 2010 NAIOP Summit! This year’s fall event is a spin-off of the chapter’s annual Bus Tour and is intended to offer [read more]
October 1, 2010 |  Comments: (0)

Property Management
    With an average vacancy rate of around 20 percent for commercial properties in Southern Nevada, commercial property managers say they must be ever more creative and tenacious in [read more]
October 1, 2010 |  Comments: (0)

Retail Summary
Las Vegas         Vacancies remained relatively flat as average asking rents among anchored-retail centers continued their move downward during the second quarter of [read more]
October 1, 2010 |  Comments: (0)

Financing Your Project
    Financing projects is tougher than ever these days – but not impossible.     Getting lenders to lend hinges on a variety of factors, some of which [read more]
September 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89121 Mixed-Use Vegas PBS’ Educational Technology Campus has received LEED Gold Certification from the U.S. Green Building Council.  The project was [read more]
September 1, 2010 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market has yet to stabilize as vacancies edged upwards exerting downward pressure on average asking rents. During the [read more]
September 1, 2010 |  Comments: (0)

Industry Focus
    The commercial real estate industry has suffered a severe downturn in Nevada because of the recession.  Each sub-section of commercial real estate, from developers to [read more]
August 1, 2010 |  Comments: (0)

Residential Market
    Nevada’s residential housing market received a brief boost in the first half of 2010, but the overall outlook for the sector remains down for the remainder of the [read more]
August 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Reno, 89512 Mixed-Use Pinecrest Construction and Development is building the Stanley James Walker animal shelter.  The 17,000 SF facility is expected to be complete in [read more]
August 1, 2010 |  Comments: (0)

Industrial Summary
Las Vegas        The Las Vegas Valley industrial market continued to signal weakness with an increasing vacancy rate and falling average asking rents amid turbulent [read more]
August 1, 2010 |  Comments: (0)

Giving Members the Tools to Succeed
    For Adam Gregory, being a CCIM means others recognize his commercial real estate experience and credibility. For Tedd Rosenstein, it means having a thorough understanding of the [read more]
July 1, 2010 |  Comments: (0)

Space Available
    Good news is hard to find in the world of commercial real estate. Mostly there’s lesser bad news, and even that has to be ferreted out. The silver lining to Nevada’s [read more]
July 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Carson City, 89701 Retail Shaheen Beauchamp Builders, LLC has completed the renovation of the Jackpot Crossing Casino, formerly the Silver Dollar Casino.  The [read more]
July 1, 2010 |  Comments: (0)

Retail Summary
Las Vegas         Vacancies within the Las Vegas commercial retail market moved upward while average asking rents continued to decline in anchored-retail centers [read more]
July 1, 2010 |  Comments: (0)

NAIOP Works
Dear members and readers;     NAIOP Southern Nevada, a chapter of NAIOP, the Commercial Real Estate Development Association, represents the interests of commercial real estate [read more]
June 1, 2010 |  Comments: (0)

Time to Buy?
    Like the tail wagging the dog, Southern Nevada’s commercial retail properties market has followed the industrial and office markets into the doldrums of recession. [read more]
June 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Las Vegas, 89128 Office Kitrell Jensen Contractors completed the renovation of a six-story Mountainview Medical Office building.  The project incorporated green elements [read more]
June 1, 2010 |  Comments: (0)

Office Summary
Las Vegas     The Las Vegas Valley office market continued to deteriorate with rising vacancies and diminishing rents.  Net absorption, or the change in the amount of [read more]
June 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Las Vegas, 89119 Office The Korte Company is nearing completion on a 6,640 SF tenant improvement project for The Las Vegas Specialty Surgery Center.  The improvement [read more]
May 1, 2010 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market continued to struggle with higher vacancies while average asking rents slid downward in response to an [read more]
May 1, 2010 |  Comments: (0)

Patty Wade
President/Owner/Founder Wade Development Company, Inc. and Wade Consulting Group, LLC Reno/Las Vegas, Nevada Number of Employees: 10 Years in Nevada: 18 Years with [read more]
April 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Las Vegas, 89102 Mixed-Use The Smith Center for the Performing Arts, a public/private partnership recently topped out.  The 4.75 acre cultural complex will be [read more]
April 1, 2010 |  Comments: (0)

Retail Summary
  Las Vegas         During the fourth quarter of 2009, the Las Vegas commercial retail market remained stressed.  Vacancies remained elevated while [read more]
April 1, 2010 |  Comments: (0)

Industrial Market
    The industrial real estate landscape in Nevada has turned upside down over the last 24 months, going from too little to, thanks to the turbulent economy, too much. [read more]
March 1, 2010 |  Comments: (0)

ReD Report
  PROJECTS Carson City, 89703 Office Shaheen Beauchamp Builders, LLC has completed construction on an ambulatory surgery center and medical office clinic for GI Consultants, [read more]
March 1, 2010 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market reported its worst year on record, posting record-high vacancies, net move-outs and price declines in 2009.  [read more]
March 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Henderson, 89074 Office The Korte Company has completed construction on the South Hills Church Community.  The project was designed by JVC Architects.  Construction [read more]
February 1, 2010 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market continued to deteriorate with sustained negative absorption, while the remainder of ongoing construction [read more]
February 1, 2010 |  Comments: (0)

Bank-Owned Properties
    There’s a saying in commercial real estate, “Retail follows rooftops,” meaning residential homes get developed and sold before retail services follow to support [read more]
January 1, 2010 |  Comments: (0)

Retail Summary
Las Vegas     During the third quarter of 2009, the Las Vegas commercial retail market expanded as several pre-leased, user-specific buildings completed construction during the [read more]
January 1, 2010 |  Comments: (0)

ReD Report
PROJECTS Pahrump, 89048 Office Dakem and Associates has broken ground on a 12,000 SF medical office building.  The project is expected to be completed by summer of this year and [read more]
January 1, 2010 |  Comments: (0)

Industry Focus
    Commercial development in Nevada is among the state’s hardest hit industries.  The industry has been feeling the sting of the current economy and will continue to feel [read more]
December 1, 2009 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market reported its fourth consecutive quarter of negative net absorption, suggesting the amount of space being vacated [read more]
December 1, 2009 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market reported its highest vacancy rate in history through the second quarter of 2009.  With nearly 12.3 million [read more]
November 1, 2009 |  Comments: (0)

Retail Summary
Las Vegas     During the second quarter of 2009, the Las Vegas commercial retail sector in Southern Nevada remained weak as tenants vacated more space than they moved into, a [read more]
October 1, 2009 |  Comments: (0)

NAIOP Northern Nevada Chapter
  Dear NAIOP Members and Guests,     Welcome to the 2009 NAIOP Northern Nevada Bus Tour. This is our third year in what has been both an exceptionally valuable and [read more]
September 1, 2009 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market is facing significant challenges as the inventory base continues to expand even as office-using employment [read more]
September 1, 2009 |  Comments: (0)

Industrial Summary
Las Vegas         The Las Vegas Valley industrial market remained relatively flat, reaching 102.5 million square feet by the end of the first quarter of 2009.  [read more]
August 1, 2009 |  Comments: (0)

SIOR: Nevada Chapter
Dear Friends and Colleagues, As 2009 President, I invite you to take a few moments to peruse the following pages, which highlight the Nevada Chapter of the Society of Industrial and Office [read more]
July 1, 2009 |  Comments: (0)

Industrial
    The credit crisis, economic recession, negative job growth, high unemployment rates and a recovering residential industry all are wreaking havoc on Nevada’s industrial real [read more]
July 1, 2009 |  Comments: (0)

Retail Summary
Las Vegas         During the first quarter of 2009, the Las Vegas commercial retail sector posted its second quarter of negative net absorption and a record-high [read more]
July 1, 2009 |  Comments: (0)

Office Summary
Las Vegas         The Las Vegas Valley office market is experiencing more empty offices than ever before with vacancies reaching a record-high 19.6 percent.  The [read more]
June 1, 2009 |  Comments: (0)

NAIOP in Action
Dear members and readers;     NAIOP Southern Nevada, one of the largest chapters in the nation, represents the interests of commercial real estate professionals throughout the [read more]
June 1, 2009 |  Comments: (0)