Coldwell Banker Premier Realty

Focus on Southwest Las Vegas

Commercial Construction is Booming in this Submarket
Posted by John McClelland on August 16, 2017 in  Industrial  Las Vegas Commercial Real Estate  Las Vegas Multifamily  Office  Retail  Southwest Las Vegas  Southwest Submarket
If you live in the Las Vegas area, you may have noticed all of the tilt-up walls and lumber framing rising in view from the 215 in the Southwest. Clearly there is meaningful construction there; but how much? Currently there is over 372,000 square feet of commercial rentable building area scheduled to be delivered in 2017 and 2018. One of the largest components of this is the Credit One building between Durango and Buffalo, emerging in full view as you approach the 215 curve. This project is scheduled to be 152,000... 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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Commercial Real Estate Briefing

Improving Conditions
Posted by John McClelland on October 23, 2014 in  Downtown Summerlin  Howard Hughes  Industrial  Las Vegas Commercial Real Estate  Prologis
Each sector of the commercial real estate market was severely impacted by the recession and it has been a long grind from the bottom. Things have improved substantially since, with some recent noteworthy improvements in occupancy rates and some bumps in asking rents. In addition, supporting fundamentals look far better than just a short time ago. As a result some end-users and investors are again interested in the local market and we have observed a lot of convexity in price, although some prices remain below repla... read more
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