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.             |
| 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.  bookmark this on del.icio.us - posted by lalitd to las vegas real estate news west - more about this bookmark...         |
| 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. bookmark this on del.icio.us - posted by lalitd to las vegas real estate news neonopolis downtown - more about this bookmark...         |
| $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 bookmark this on del.icio.us - posted by lalitd to las vegas real estate news convention - more about this bookmark...         |
| 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 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.         |
| Posted: 09 May 2007 07:00 AM CDT Acquisition expected to push along paperless transaction         |
| 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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