Coldwell Banker Premier Realty

IKEA’s Meatballs Are Coming to Town

and other developments
Posted by John McClelland on July 22, 2014 in  AEG MGM  Genting  ikea  SLS Las Vegas
IKEA’s Meatballs Are Coming to Town   By: Michael Sadler   Late 2015 early 2016 IKEA, world-renowned furniture retailer, will finally erect a store of its own in Las Vegas. This proposed IKEA store will be located on the Bruce Woodbury 215 Beltway near the Durango and Sunset exit. The closest one to Las Vegas is currently in West Covina, CA. The demand has been so great for an IKEA in Las Vegas, that there are companies that will go to California to pick up the furniture for you. In fact, IKEA w... read more
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Multifamily

Yes, interest continues
Posted by John McClelland on July 16, 2014 in  apartments  land sales  Las Vegas  multifamily
Class A multifamily continues to be one of the most favored asset classes both nationally and in Las Vegas. In some U.S cities, capitalization rates are as low as they have ever been, particularly in Tier 1 cities with asking cap rates in the 4% - 6% range.1  Clearly some investors believe that they can push rent growth further. One should be cautious of this approach since there is an incentive to add new supply, which has been constrained by recession era risk aversion by both developers and lenders. Neverth... read more
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