Las Vegas Real Estate News

Posted: 05 Jun 2007 07:56 AM CDT

Virginia-based Resun Modspace Inc. bought the industrial property at 5950 Emerald Ave. from Transport International Pool Inc. for $4 million.

The distribution building sits on a 9.16 acre lot and is 8,683-square-foot. Built in 2001, the property is located in the Airport/E. Las Vegas Industrial submarket.

Office Vacancies to Rise

Posted: 05 Jun 2007 07:56 AM CDT

In its latest report, the the Bentley Group predicts that the office vacancy rate in the LV market will reach 12% by the end of the 2007 as more space comes online than can be absorbed.

The first quarter of 2007 saw a vacancy rate of 11.1%, up from 8.7% a year ago. With 4.1 million square feet of space under construction and 7.8 million in various planning stages, this number is only projected to grow larger.

Even though higher vacancy rates are on the horizons, it doesn't appear to be curbing rent prices. Currently, the $2.32 per square foot asking price is a 6.9% premium over last year.

Of the 3,300 units sold during the first quarter, the average price per unit was $104,400, a 19% premium over 2006.

Critics come down on commissions

Posted: 05 Jun 2007 07:00 AM CDT

Part 1: Commission conundrum: A closer look

Ranks of Ohio mortgage loan officers thinning

Posted: 05 Jun 2007 07:00 AM CDT

Licensing, lending slowdown cited in 18% decline

What's Wrong With This House? Finding a Good Home Inspector

Posted: 04 Jun 2007 11:00 PM CDT

These professionals can reveal what the seller doesn't know or isn't telling potential buyers, but finding a good one isn't easy. We put some services to the test.

Tweaks That May Fatten Your Wallet

Posted: 04 Jun 2007 11:00 PM CDT

You could pocket thousands of extra dollars each year with a few simple fixes to your finances, says Jonathan Clements.

ZipRealty CEO resigns

Posted: 04 Jun 2007 07:00 AM CDT

Company president steps in to fill CEO role

Nevada News & Views - June 4, 2007

Posted: 04 Jun 2007 06:06 PM CDT

SOME BAD NEWS: REPUBLICANS PASS TAX HIKE. SB 141 was a bill to increase the real estate property transfer tax, along with others, on Washoe County residents to pay for school construction projects. It was killed a few weeks ago by a ...

Rafael Nadal Birthday, NHL: Ducks, Thierry Henry, Didier Drogba ...

Posted: 04 Jun 2007 04:25 PM CDT

... traded real-estate entity that will develop hotels based on celebrity images." CKX holds the rights related to Muhammad Ali, Elvis Presley, David Beckham and 19 Entertainment. The first project is set to start shortly in Las Vegas, ...

Diamonds stores are forever in Forum Shops

Posted: 04 Jun 2007 10:29 AM CDT

Las Vegas has come of age as a market for selling fine jewels. Exquisite tastes in diamonds and gold can be quenched at a trio of jewelry stores opening at the Forum Shops at Caesars Palace.

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Downtown developer seeing red

Posted: 04 Jun 2007 10:26 AM CDT

A major California developer ripped the state Senate and the last-minute legislative moves that exclude his downtown Las Vegas project from the "green" construction tax breaks passed by state lawmakers in 2005.

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Vinton, VA crime locator map

Posted: 04 Jun 2007 02:59 PM CDT

The Town of Vinton, Virginia has joined the ranks of cities such as Chicago, Las Vegas and San Francisco by implementing an online crime tracker map according to this Roanoke Times story. It'd be nice if Roanoke City, Roanoke County and ...

What is up with the real estate industry?

Posted: 04 Jun 2007 07:00 AM CDT

Industry leaders sort out the future at Real Estate Connect

MLS merger blocked, for now

Posted: 04 Jun 2007 07:00 AM CDT

MLSNI and supporters seek to lift delay and approve deal

No bottom yet for housing downturn

Posted: 04 Jun 2007 07:00 AM CDT

Economists expect more downward trend before long recovery begins

Consumers don't know much about real estate, says CFA

Posted: 04 Jun 2007 07:00 AM CDT

Survey shows some confusion about industry pricing, regulation

HEDGE FUND NEWS @ 04 June 2007

Posted: 04 Jun 2007 01:29 AM CDT

It seems clear the big firms have an edge in trading, rather like the casinos taking their cut in Las Vegas. They say this comes from being better informed. Their analysts cover every asset that moves worldwide, and - more to the point ...