QUITTING TIME

Author: T. Illia, Las Vegas Business Press  Date: 03.03.08

Pinnacle Las Vegas has called it quits. The proposed $740 million condominium-hotel project at Tropicana Avenue and Cameron Street, across from The Orleans, has pulled the plug... Read More >>

Rate cut a 'psychological boost'

Author: B. Wargo, In Business Las Vegas  Date: 02.01.08

The Federal Reserve's three-quarter of a percentage point cut in interest rates has dropped mortgage rates to their lowest level since 2004 and buoyed hopes it will give some sort of boost to... Read More >>

Real Estate and Development

Author: B. Wargo, In Business Las Vegas  Date: 07.04.08

Times have been tough in Las Vegas as evidenced by the slowdown in the housing industry during the past two years. That slowdown has carried over to commercial real estate and the general... Read More >>

Real Estate and Development

Author: B. Wargo, In Business Las Vegas  Date: 01.11.08

Although the Las Vegas housing market struggled with a downturn in 2007, commercial development, even though it slowed, remained a bright spot for the local economy.  What does 2008 have... Read More >>

REAL ESTATE: Home prices to recover late in LV

Author: J. Robison, Las Vegas Review Journal  Date: 02.06.08

Las Vegas benefited more than most of the nation from a run-up in home prices in 2004 and 2005. Now, it's suffering more than other markets as values drop. Southern Nevada will arrive late... Read More >>

Real estate slump brings rise in short sales

Author: H. Smith, Las Vegas Review Journal  Date: 07.20.08

It takes patience and understanding to muddle through the process of buying a home in short sale, local real estate experts said. Short sales, or selling a home "short" of the balance owed... Read More >>

Recession taking its toll on Las Vegas economy

Author: B. Wargo, In Business Las Vegas  Date: 07.25.08

The Las Vegas economy is continuing its slump, and commercial real estate and development are paying the price. Pressured by overbuilding and retail outlets closing, Las Vegas recorded its highest retail... Read More >>

Record-High Vacancy in Vegas Retail: 5%

Author: B. Miller, GlobeSt.com  Date: 04.20.08

LAS VEGAS-Vacancy in the retail market here jumped to 5% in the first quarter from 3.8% at the end of the year, according to a new report from Applied Analysis, a locally based business research... Read More >>

Residential Realities

Author: L. Montel, Las Vegas Business Journal  Date: 04.01.08

What’s happening with the residential real estate market? Is the constant barrage of media doom-and-gloom right on target or over the edge? Both ends of the state are experiencing the affects... Read More >>

Resorts on Strip dealing

Author: A. Knightly, Las Vegas Review-Journal  Date: 06.25.08

With gasoline prices on the rise and the U.S. dollar declining internationally, Strip hotels are slashing prices to lure budget-minded customers. Leading into the Fourth of July weekend, properties... Read More >>

Retail market still thriving

Author: H. Smith, Las Vegas Review-Journal  Date: 01.30.08

Despite higher construction and land costs, retail development in Las Vegas continued to flourish in the fourth quarter with 5.8 million square feet under construction, CB Richard Ellis brokerage... Read More >>

Riding out the recession

Author: H. Smith, Las Vegas Business Press  Date: 04.15.08

One thing Jeremy Aguero has learned as a research analyst is that tomorrow looks a lot like today. He examined four periods of economic downturns in Las Vegas, including the past 12 months... Read More >>

School officials see past dip

Author: J. Haug, Las Vegas Review-Journal  Date: 05.13.08

Clark County School District officials hope timing isn't everything. They're out to persuade voters to approve a $7 billion bond measure in November when the nation's economic downturn is expected... Read More >>

Shared Vision = Acquisition

Author: V. Miller, Las Vegas Business Press  Date: 02.25.08

A troubled economy usually means businesses look for ways to scale back, but one local company is expanding its holdings. Research firm Applied Analysis has acquired Pacific Northwest boutique design... Read More >>

SHIFT WORK

Author: V. Miller, Las Vegas Business Press  Date: 06.04.08

Las Vegas is a 24-hour town, and opportunities for extra income are available around the clock. Whether brewing coffee at the break of dawn or working away the weekends, an increasing number... Read More >>

Siegel acquires apartment complex from bankruptcy

Author: T. Illia, Las Vegas Business Press  Date: 07.14.08

Siegel Group Nevada and Great American Capital recently acquired the 330-unit Deer Creek Apartments out of bankruptcy for $19.1 million, or $57,879 per unit. The 23-year-old property is on 6.68 acres... Read More >>

Signs are dim, but is Vegas’ future?

Author: S. Skolnik, Las Vegas Sun  Date: 08.03.08

For those of us who thought we lived in Boomtown U.S.A., the dramatic downshift in the economy has been unsettling at the least, jarring for many. On Friday, Boyd Gaming paused.... Read More >>

SOUTHERN NEVADA ECONOMY: Analysts' projections sour

Author: J. Robison, Las Vegas Review-Journal  Date: 08.02.08

Ah, 2009. The year of the city's rebirth, when tens upon thousands of new residents march toward Las Vegas to fill new resort jobs, thereby lifting the housing market out of its doldrums. Or so local... Read More >>

Southern Nevada's Economy Stays Flat

Author: H. Smith, Las Vegas Review-Journal  Date: 02.20.08

Southern Nevada's economy is performing a "high-wire balancing act" between a strong push of big investment spending along the Strip and the drag of falling residential construction... Read More >>

Southwest shopping center nears completion

Author: T. Illia, Las Vegas Business Press  Date: 08.04.08

A new $50 million, 86,000-square-foot shopping center is nearing completion in the southwest valley, adjacent to the Southern Hills Hospital. The five-building project is being developed by Longford ... Read More >>

Stoltz airport office park nears completion

Author: T. Illia, Las Vegas Business Press  Date: 06.30.08

Stoltz Management Co.'s new upscale airport office park is nearing completion. The $50 million, 180,000-square-foot Sunset Pilot Plaza will debut in early August... Read More >>

Study: Few can afford homes in LV

Author: J. Robinson, Las Vegas Review-Journal  Date: 04.19.08

A week-old study assessing housing affordability in Las Vegas is already well past its prime, local analysts say. The 2008 Colorado College "State of the Rockies Report Card"... Read More >>

Target still vague as special session looms

Author: D. Schwartz, Las Vegas Sun  Date: 06.20.08

Carson City — Let’s say your kitchen floods and you need to set aside money for the repairs. You ask the contractor for an estimate. He checks the damages... Read More >>

Taxing argument

Author: J. Miller, Las Vegas Weekly  Date: 07.17.08

Here’s the deal, folks: We need higher taxes. There, I said it. And (gulp) I mean it. We need them because we can’t budget-cut ($1 billion and counting) our way to fiscal health... Read More >>

The Boulevard Formula

Author: H. Stutz, Las Vegas Business Press  Date: 02.05.08

In Washington, D.C., leaders have been proposing economic stimulus packages, trying to figure out ways to jump-start the nation's sagging financial picture and calm fears of a recession... Read More >>

The Entitlement Process

Author: L. Montel, Nevada Business Journal  Date: 02.01.08

Whether commercial construction in Nevada is booming, holding its own, or slowing, depends on whom you talk to and the part of the state used as the reference point... Read More >>

Three Construction Plays Set for a Knockdown

Author: N. Yulico, TheStreet.com  Date: 01.14.08

If the economy really is deteriorating as many fear, then there are numerous sectors poised to take even more hits. In particular, firms with peripheral exposure to the real estate market... Read More >>

TOURISM: If not by air, then how?

Author: B. Spillman, Las Vegas Review-Journal  Date: 05.27.08

Cuts to the number of flights to Las Vegas could outlast the nation's current economic dip, making it more costly and inconvenient to get to one of the world's top tourist... Read More >>

Tumbling home prices seen

Author: J. Robison, Las Vegas Review-Journal  Date: 05.16.08

A national finance magazine predicts more big price drops in the Las Vegas housing market, and that devaluation could mean more pain for the local economy, experts say... Read More >>

Vacancy rates for industrial property rise across valley

Author: H. Smith, Las Vegas Review-Journal  Date: 02.19.08

Industrial vacancy in Las Vegas has been creeping up steadily in Las Vegas since 2006, but landlords, developers and tenants are "cautious yet optimistic" about the market... Read More >>

Valley retail rents climb in 2007

Author: T. Illia, Las Vegas Business Press  Date: 02.05.08

Southern Nevada's population boom has fueled steady retail demand and expansion resulting in higher asking rents in 2007, reports Applied Analysis, a Las Vegas-based business advisory firm... Read More >>

Vegas Casino Project Facing Foreclosure

Author: R. Nakashima, Yahoo Finance  Date: 01.16.08

LAS VEGAS (AP) -- Nevada's foreclosure crisis claimed a high-profile victim on Wednesday as investment bank Deutsche Bank filed a notice of foreclosure on the $3 billion Cosmopolitan Resort... Read More >>

VEGAS EXODUS

Author: T. Pratt, Las Vegas Sun  Date: 04.06.08

Alejandro Salazar slumps into a cushioned seat halfway into the bus, looks out from under a baseball cap and thinks about a future more than a thousand miles away. He came to the Las Vegas... Read More >>

Vegas Industrial Vacancy at 7.7%, Heading to 9%

Author: B. Miller, GlobeSt.com  Date: 07.31.08

LAS VEGAS-An industrial building boom than began in better economic times has been overwhelming the now tepid market over the past year or so, elevating vacancy to 7.7% from 4.5% one year ago... Read More >>

Vegas Land Sales at Record Low, Prices Retreating

Author: B. Miller, GlobeSt.com  Date: 08.04.08

LAS VEGAS-The vacant land market in Las Vegas experienced record low sales volume and declining values in the second quarter of the year, according to the local business advisory firm Applied... Read More >>

Vegas Office Vacancy Hits New Peak: 16.7%

Author: B. Miller, GlobeSt.com  Date: 07.27.08

LAS VEGAS-Office vacancy in Las Vegas hit a several-year high in the second quarter thanks to a combination of new construction, slower leasing activity and business cutbacks. Availability... Read More >>

Vacancy rates climb in local office market

Author: H. Smith, Las Vegas Business Press  Date: 01.22.08

A year-end market review from Commerce CRG showed a 12.4-percent vacancy rate on 44.7 million square feet of existing office space in Las Vegas, up from 11.5 percent in mid-year 2007... Read More >>

Voit Opens Last Piece of Pacific Business Center

Author: B. Miller, GlobeSt.com  Date: 06.16.08

216,317-sf final phase of Pacific Business Center. The Newport Beach, CA-based company was retained by Northwestern Mutual Life Insurance Co. to complete the 13-building... Read More >>

Waiting for the Rebound

Author: K. Foley, Nevada Business Journal  Date: 06.01.08

The industrial market in Nevada is experiencing the same slowdown that is affecting other segments of the overall economy. While several factors have contributed to rising vacancy... Read More >>

WAITING TO RECOVER

Author: T. Illia, Las Vegas Business Press  Date: 06.23.08

Southern Nevada's commercial real estate market has softened somewhat as a result of the housing downturn and the resulting tightened credit availability for land-secured loans... Read More >>

We’re spending more on gasoline, less on having fun

Author: S. Kanigher, Las Vegas Sun  Date: 06.16.08

Gas prices are siphoning tens of millions of dollars out of Clark County’s economy as money is being spent at the pump instead of at restaurants, on entertainment and on other discretionary items... Read More >>

Where some may squabble, analysts go on about business

Author: B. Buhler, Las Vegas Sun  Date: 07.07.08

Two weeks ago, a column ran under the byline of John Restrepo, a column purporting to peer into the future of commercial real estate in Las Vegas through 2008. The vast majority... Read More >>

With few exceptions, gaming stocks sliding

Author: H. Stutz, Las Vegas Review-Journal  Date: 05.31.08

Wall Street investors do not expect a turnaround in the Las Vegas gaming market anytime soon. They also aren't impressed by the figures coming out of Macau... Read More >>