The Las Vegas area experienced a wave of investor activity in the 2010 - 2014 years, normalizing greatly in 2015 as traditional buyers grew in share of overall sales. At the peak of investor activity, nearly half of all single family closings within the multiple listing service utilized cash. Currently, 23.5% of single family sales closed with cash, many of these investors. So while investor activity has clearly dwindled from just three years ago, there remains a lingering interest in single family homes as an inve... read more
Hospitality Cosmopolitan $1,730,000,000 1,000,807 sq.ft 2,995 room hotel and casino Purchased by Blackstone Group from Deutsche Bank
Downtown Summerlin Fashion, dining and entertainment 1.6 million sq.ft Shopping opened 2014 Multifamily, hotel
The Linq The Linq Promenade includes dining, shopping and entertainment, with a 550-foot observation wheel Hotel is 2,640 rooms Casino is 118,000 sq.ft The observation wheel, called the High Roller, opened in March 2014
Grand Bazaar... read more
Investors played the largest role ever in the Southern Nevada housing market. In the spring of 2013, cash sales were over fifty-percent of single family transactions. Presumably, a majority of these cash sales were made by investors.
Private investors, many of whom fall into the “mom & pop” category of investors, have always been a significant component of our market. Recently, institutional investors, often from the private equity world, have taken a large position in the Las Veg... read more