It’s hard to single out the most noteworthy part of the recent sale of a local CVS drugstore. Maybe it’s the deal’s price tag, certainly the most expensive CVS ever sold locally. Perhaps it’s the shop’s location on the Strip just south of Sahara Avenue, which positions it as a harbinger of development to come.
Subscribe to Commercial Real Estate RSS feed
Commercial Real Estate
KGA Architecture’s large-scale projects have helped shape the Southern Nevada landscape – from hotel-casinos to hospitals, and high schools to police stations. Ed Kittrell founded the firm 39 years ago with George Garlock.
After nearly a decade of incredible highs and devastating lows, it was time for a party. With its Silver Nugget Awards on March 29, the Southern Nevada Home Builders Association threw its first big annual awards party since 2004, and nearly 300 people came to celebrate.
Ken Lowman, broker-owner of Luxury Homes of Las Vegas, found his love for real estate while working as an engineer in Southern California at a Frito Lay processing plant.
Woodside Homes, which is building in west and northwest Las Vegas and in North Las Vegas, is working with California-based sun-systems provider SolarCity to include photovoltaic panels on all homes at no upfront cost.
The 14,378-square-foot CVS Pharmacy inside Sky Las Vegas on the Strip has new owners.
U.S. real estate investment bank, The Carlton Group, was retained by IDB Development to sell its 50 percent interest in a Las Vegas real estate portfolio that includes Tivoli Village.
If you’re shopping around for signs of recovery in Southern Nevada’s commercial real estate market, check out retail. The sector’s vacancy rate has dropped from a high of nearly 11 percent in 2010 to 9.2 percent at the end of the fourth quarter, statistics from local research firm Applied Analysis show.
Prudential Americana Group, Realtors had its best sales year ever in 2013, but that wasn’t the only big news coming out of the real estate brokerage’s March 13 sales meeting at Encore. The company also announced that it plans to rebrand itself under one of the nation’s best-known corporate nameplates.
Life is better for local homebuilders these days, but a recent housing forecast shows more room for rebound. Industry experts shared expectations for residential construction at the Las Vegas Housing Outlook, and if their predictions are any indication, Southern Nevada will have a relatively flat new-homes market through 2014.