Cathy Jones heads the No. 1 woman-owned commercial real estate brokerage firm in Southern Nevada. However, she took a roundabout path to get there.
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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.
Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.
Nearly 34 percent of Las Vegas homeowners remain underwater, according to a report Tuesday from online real estate database Zillow.
Asking prices are up, and some of Southern Nevada’s best commercial deals are picked over. But that isn’t stopping a California investor’s local buying binge. MCA Realty boosted its local portfolio with three recent deals.
Nevada’s foreclosure rate was eighth in the nation in April after falling behind Florida, Maryland and five other states in the rankings.
There’s Class A, and then there’s Class AAA. For an example of the latter, look at 1701 Village Center Circle in Summerlin, where perhaps one of the highest-end office buildings in the Southwest has come on the market.
Local home prices dipped slightly from March to April but are still up sharply on an annual basis, new statistics being released Thursday by the Greater Las Vegas Association of Realtors show.
U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market’s sharp price gains. Data provider CoreLogic says home prices in California have jumped 17.2 percent from a year ago. Nevada, at 15.5 percent, has posted the second-largest gain.
