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Commercial Real Estate

New study questions new home-resale price gap

It’s become a local market truism: If you want a new home, prepare to drop $100,000 more than you’d shell out for a resale. But new research — admittedly sought out by home builders — shows that pricing gap may be overstated.

City block near Container Park listed for sale

Mike Mixer and Josh Smith of Colliers International’s Gaming Division have listed for sale a 2.33-acre block bordered by Carson and Bridger avenues in the north and south, and Seventh and Sixth streets to the west and east. It’s one of the last properties available downtown, the brokers said.

New master-plan community underway in northwest

In another recovery milestone, a new master plan is set to get underway in northwest Las Vegas. Skye Canyon was scheduled to hold its groundbreaking on June 5, making it Southern Nevada’s first big, new residential development to get underway since the recession.

Local industrial market holds onto the status quo

Southern Nevada’s industrial market stayed in a holding pattern in the first quarter, according to a new report. The sector’s overall local vacancy rate was unchanged compared with recent quarters, at just over 11 percent, said brokerage Avison Young.