Real Estate Briefs

INDUSTRY

NVAR issues statement on outcome of energy audit issue

The Nevada Association of Realtors issued the following statement about new energy evaluation regulations set to take effect next month in Nevada:

"On Dec. 16, 2010, new regulations were passed regarding a home seller's energy evaluation. These regulations go into effect Jan. 1, 2011. There is a lot of false information circulating regarding these regulations," said NVAR President Linda Rheinberger, broker and owner of One Source Realty and Management in Las Vegas. "It's important to note that these statutes and regulations do not require a home energy audit.

"NVAR has been protecting its members by fighting a move by energy auditors to mandate home energy audits at the point of sale. NVAR recognizes that point of sale requirements delay the closing of transactions and, if tied to an expense, may prohibit a buyer's ability to purchase a home. In this market, buyers and sellers do not need more obstacles to the buying and selling of homes.

"NVAR has succeeded in limiting this point of sale effort so that a seller is only required to disclose the energy consumption of the home on a form created by the Nevada Office of Energy. Further, this form can be waived if the seller and buyer both agree."

The Nevada Association of Realtors is a professional trade association with nearly 15,000 members. For more information, visit nvar.org.

COMMERCIAL BUSINESS

Tivoli Village at Queensridge announces new tenants

Set to open in spring 2011, Tivoli Village at Queensridge announced five new tenants, expanding the mix of retailers and restaurants that will populate the 29-acre mixed-use development in northwestern Las Vegas.

Several new venues will join the development including Charming Charlie, Tivoli Irish Pub, Petra Greek Restaurant, Roc of Republic Couture and Obika Optical & Sunglasses.

These new venues join a list of tenants that have already been announced including Kidville, Cantina Laredo, BRIO Tuscan Grille, Ratskeller, Pesci's Pizza, Sushi Bar, lifestyle boutique CORSA and Ritual Salon & Spa.

Tivoli Village at Queensridge is adjacent to the master-planned community of Summerlin. Tivoli Village is being developed by IDB Group USA and Executive Home Builders.