Coldwell Banker Premier Realty

“Is the market still struggling?”  If we had a nickel for every time that question was asked, we could….go buy a piece of real estate.  The answer to that question is a resounding, “no!”   The Las Vegas real estate market has been resurging for the last three years or more with strong sales, a drastic decrease in distressed inventory and steady home price gains in both the residential and the commercial markets.  This trend is not stopping any time soon and is ... read more
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Hospitality Cosmopolitan $1,730,000,000 1,000,807 sq.ft 2,995 room hotel and casino Purchased by Blackstone Group from Deutsche Bank Downtown Summerlin Fashion, dining and entertainment 1.6 million sq.ft Shopping opened 2014 Multifamily, hotel The Linq The Linq Promenade includes dining, shopping and entertainment, with a 550-foot observation wheel Hotel is 2,640 rooms Casino is 118,000 sq.ft The observation wheel, called the High Roller, opened in March 2014 Grand Bazaar... read more
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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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The Shadow Inventory Debate Continues

Can homes come out of the shadows enough to hurt prices?
Posted by John McClelland on March 12, 2013 in  AB 284  genting  hedging  housing  las vegas  negative equity  REIT
Recently there has been a lot of talk regarding shadow inventory, negative equity and Nevada Assembly Bill 284. AB 284 requires an affadavit of authority which states that the signatory has personal knowledge of the documents required for a proper foreclosure. This has lead to a sharp drop in notices of default, the first step in the foreclosure process. However, I don’t think that AB284 should get all of the blame. Certainly it has had a major impact but we shouldn’t look at it in isolation. Lack of inventory is a... read more
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