Thursday, May 10, 2007

Las Vegas Real Estate News 5/10/07

Las Vegas Real Estate News


ProLogis to Build Distribution Center

Posted: 10 May 2007 05:45 AM CDT

ProLogis of Denver plans to break ground later this year on a 788,000-sf distribution center. Located at the northeast corner of Cheyenne Avenue and Marion Drive, the two-building complex will sit on a 42-acre site that once held the Sunrise Pointe Mobile Home Park. Last month, Icon Investment Group sold the property to ProLogis for $17.8M.

ProLogis has already obtained site plan approval for its project, which by mid-2008 should be shell complete. One building will be 278,000 sf and the other will be 510,000 sf.

'60 Minutes' to shine light on real estate

Posted: 10 May 2007 07:00 AM CDT

Nine-month investigation airs Sunday, May 13

Real estate agents learn to Google themselves

Posted: 10 May 2007 07:00 AM CDT

Part 3: Web trends: Who's keeping track?

ZipRealty reports $3.1 million loss

Posted: 10 May 2007 07:00 AM CDT

Q1 revenues, agent recruitment rise

Where Home Prices Are Hot Now Despite the Housing Slowdown

Posted: 09 May 2007 11:00 PM CDT

The news isn't all grim. Even as prices sag across the U.S., there are several cities where real-estate values are climbing smartly.

Supply of Homes Continues To Grow, Reflecting Weak Sales

Posted: 09 May 2007 11:00 PM CDT

The number of residences on the market in 18 major metropolitan areas at the end of April was up 7% from March. The increase was above the seasonal norm.

Web Tool Offers More Than Just Prices, Housing Stats

Posted: 09 May 2007 11:00 PM CDT

Neighboroo.com is a handy site for researching home-price trends and local information such as school quality, local crime rates and area demographics. But users who want a quick estimation of their own property's worth may be disappointed.

West Las Vegas plans pitched

Posted: 09 May 2007 04:54 PM CDT

West Las Vegas has been without a grocery store for three years, but on Tuesday developers and grocers pitched their plans to fill the void.

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Neonopolis by any other name still has smell of disaster

Posted: 09 May 2007 04:53 PM CDT

In an announcement last week that somehow failed to make a Jay Leno monologue, it was revealed at a City Council meeting that the oft-maligned and questionably designed Neonopolis would undergo that most dicey of marketing gestures, a name change.

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$890 million in work aims to help LV stay top trade-show site

Posted: 09 May 2007 04:52 PM CDT

The cost of keeping Las Vegas ahead of the competition just increased by $153 million. But tourism boosters say paying extra money beats the alternative of a gradual decline in business that could cost the local economy more than $5 billion

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Congress eyes Wall Street's role in subprime lending

Posted: 09 May 2007 07:00 AM CDT

Investors not liable for abusive loan-origination practices

Chicago MLS merger draws closer

Posted: 09 May 2007 07:00 AM CDT

Judge orders MLSNI shareholders to participate in another consolidation vote

Fed keeps federal funds rate at 5.25%

Posted: 09 May 2007 07:00 AM CDT

Inflation worries still outweigh risk of recession

Las Vegas Really Is Like Your Hometown

Posted: 09 May 2007 12:32 PM CDT

Desiree Van Leer
The Michelle Sterling Team
Prudential Americana Group, Realtors
Cell: 702.807.1073
Office: 702.315.7544
Toll Free: 866.221.1461
desireevanleer@mslasvegasrealestate.com

When most people think of Las Vegas real estate they think of glitz and glamour and the "Strip". Beyond the Strip is a town that enjoys the same activities that most towns enjoy. Saturdays are spent watching little league games and holidays are spent watching parades downtown. Friends meet to bowl on weekly bowling leagues.

As a normal person living in a normal town I am on a bowling league at a local bowling alley. Players of all skill levels come out and play. There is a guy who wears a shirt that says "I am on a drinking team with a bowling problem!" (You know you have "that guy" in your town) High fives and clapping are abundant as well as the occasional pick up of the 7-10 split. It's not all glamorous, just a lot of fun.

Little League, Parades and Bowling Leagues… Proof that Las Vegas is just like your town! So what if our Little League games are played on incredibly green fields for being in a desert… and the star of our parade is the Mayor arm in arm with a couple of show girls… and our bowling alleys turn into bowling dance clubs complete with dj's, black lights and disco balls on weekend nights.

I guess it wouldn't be Vegas without adding glitz and glamour to everything we do.

RE FormsNet acquires REBT

Posted: 09 May 2007 07:00 AM CDT

Acquisition expected to push along paperless transaction

Home-buying activity picks up

Posted: 09 May 2007 07:00 AM CDT

Interest rates retreat in latest MBA survey

New Commercial Real Estate Fund Takes Off

Posted: 09 May 2007 09:17 AM CDT

Last week, exchange-traded funds based on commercial real estate indexes created with the National Association of Real Estate Investment Trusts began trading, according to the FTSE Group. Barclays Global Investors licensed FTSE to create five funds targeting apartment, industrial and office, mortgage and retail REITs.

The new iShares Funds will be linked to the FTSE NAREIT Residential, Industrial/Office, Retail, Mortgage REIT and Real Estate 50 Indexes. In 2006, these indexes had total annual returns of 38.93%, 39.39%, 29.01%, 19.32% and 35.64% respectively. Shares of REITs have surged in the past year as interest in real estate investment has soared. The index has demonstrated superior short and long-term performance, outperforming most other major market benchmarks for the past 1-, 5-, 10-, 15- and 30-year periods.

Overnight real estate rates sleep

Posted: 09 May 2007 07:00 AM CDT

30-year fixed rate at 5.76%; 10-year Treasury yield at 4.62%

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