Buying a newly constructed home is exciting. You get to design your dream home from the ground up; from choosing your home site, your model, interior finishes and upgrades. You don’t have to drive far to see newly constructed homes and neighborhoods popping up across the Las Vegas valley. There are a variety of builders, neighborhoods and models to choose from.
Like any home purchase, buying new construction is serious business--an expensive transaction with many financial implications. You may have heard ... 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
One of the reasons that we believe Las Vegas is a good place to acquire properties for a long-term hold is based on fundamental measures such as price-rent ratios and the level of pricing below the longer-term, pre-bubble trend. Currently the price-rent ratio is about 6. In addition, it is often less expensive to buy than it is to rent. Similarly, cap rates are elevated implying an undervalued situation or investor sentiment. I tend to think it is still undervalued even though it is oversupplied. We are sta... read more