Duo's $293 million portfolio purchase from Blackstone highlights industrial focus
Duo's $293 million portfolio purchase from Blackstone highlights industrial focus
An arm of Goldman Sachs Asset Management is increasing its investments on industrial real estate with the help of funds tied to Dallas-based real estate firm Dalfen Industrial in t...
Demand for sub-100,000-square-foot industrial spaces drives Las Vegas market
While demand for big box space underwhelms, small bay space is driving leasing activity in the Las Vegas industrial market.
Rise in Las Vegas industrial vacancy rate resembles Great Recession
A lot can change in one year. At the start of 2024, the industrial vacancy rate in Las Vegas was 3.4%, near an all-time low. By the end of the year, it had spiked to 9.2%, almost a...
Fewer than 10 hotels traded, with not a single transaction exceeding $30 million
Roughly $115 million of hotel properties were sold in Las Vegas last year, a decrease of 90% compared to the prior year. This was the lowest volume recorded in the city since 2014,...
Demand outpaces supply for the first time in three years; rents stabilize
The Las Vegas apartment market endured one of the nation’s sharpest vacancy jumps from 2022 to 2023, but steadied the ship in 2024.
Mervat Berry joins Northcap in Las Vegas and Golden Lion in Florida
Commercial real estate broker Mervat Berry has been named vice president at Northcap Commercial in Las Vegas. Berry's team, The Berry Retail Group, has also joined Golden Lion Capi...
Less than eight million square feet of industrial space underway at end of 2024
A rising vacancy rate, tapering demand and cooling rent growth have forced industrial developers to think twice before breaking ground in Las Vegas.
Elevated vacancy rate, stagnant rent growth has many developers pulling back
The historic wave of apartment completions in Las Vegas over the past five years largely missed downtown. Now, apartment developers are attempting to capitalize on the trend by bri...
Demographics are often destiny when it comes to local retail performance
While outcomes have been varied, numerous U.S. retail markets managed to significantly outperform national benchmarks over the past year. And almost all the best performers are in ...
Venetian Resort, Palazzo to join World of Hyatt through long-term licensing deal
Hyatt Hotels Corp. has a new long-term licensing agreement with The Venetian Resort Las Vegas, roughly a year and a half after losing a similar loyalty affiliation with MGM Resorts...
Three of top-five submarkets exceed 5% annual gains
The Las Vegas Strip may be the epicenter of the local and state economy, but the suburbs are exhibiting the strongest retail rent growth.
Silverado property to open 342 units in fast-growing Enterprise, Nevada, by 2027
Two national apartment developers are working together to bring nearly 350 apartments to the Las Vegas area, marking both companies' expansion into that multifamily market.
New construction and unimpressive demand loom over industrial sector’s outlook
The trend of slowing industrial rent growth continues to play out in Las Vegas. No submarket exceeded 3% annual growth as of early December, and the market average was 2.2%. Las Ve...
Demographics, limited space availability drive healthy gains in Phoenix, Las Vegas
Just four retail markets west of the Mississippi River ranked in the top 15 for annual retail rent growth in the third quarter of 2024, with Phoenix and Las Vegas cracking the top ...
2024 event doesn't keep pace with its 2023 debut
Much like the rest of America, the Thanksgiving holiday seemed to slow down Las Vegas during the second running of the Formula 1 Las Vegas Grand Prix — a reality that is seemingly ...
The average rent decreased 0.5% month over month, negating year-to-date gains
The average rent in the Las Vegas apartment market fell 0.4% month over month at the end of September, representing the fifth straight month of declines. The monthly losses have ne...
Apartment demand rises, but vacancy rate remains historically high
Roughly 43% of Las Vegas apartments offered renter concessions in October, representing the seventh month the market has been above the 40% threshold this year. Attractive concessi...
Quail Air Center, group of private aircraft hangars, offices, located on grounds of Harry Reid Las Vegas International Airport
Commercial real estate investor SomeraRoad acquired a cluster of corporate jet hangars at Las Vegas’ international airport, the latest indication of growing interest in the private...
Firm pays $845 million for apartment portfolio in Las Vegas, Phoenix, other markets
Brookfield Properties purchased a portfolio of multifamily complexes in Las Vegas, Phoenix and other major markets as large investors are making bets that apartment demand will ris...
Banks may finance the taking private of Seven & I Holdings, owner of 12,600 7-Eleven stores in US
An executive and large shareholder of 7-Eleven’s parent company is leading an offer to take private the owner of the world’s largest convenience store chain.