Las Vegas

Hammes To Manage $1.6B Mixed-Use Campus

HENDERSON, NV-While the healthcare firm will manage the planned 171-acre UnionVillage development, HKS will provide design services.

Ameriprise Buys Las Vegas Office Building for $14M

LAS VEGAS-Minneapolis-based Ameriprise Financial Inc. has acquired an office building in Las Vegas for its new call center.

DEAL-WRAP
Developer Lands Loan to Build 118 Units

SEATTLE-Brook I LLC lands the loan to fund construction of and permanent financing for a 118-unit apartment complex in this week’s roundup of commercial real estate news in the West.

$550M Project To Revitalize Vegas Strip, Create Jobs

LAS VEGAS-The Linq—a retail, dining, entertainment and hospitality district here—plans to employ about 3,000 construction workers and create 1,500 permanent jobs once it opens.

DEAL-WRAP
Investors Upgrade, Rename 48,000-SF Office Building

PORTLAND, OR-Local investors buy the Commerce Building in Dowtown Portland and plan LEED upgrades in this week's roundup of commercial real estate news in the West.

Lee & Associates Names VPs of Vegas Office

LAS VEGAS-Chris Lexis and Joe Leavitt are named vice presidents and according to a prepared statement, the move lends proof that Lee & Associates is maintaining its profitability and nationwide growth.

CIP Sells 425,000 SF of Las Vegas Industrial for $36M

LAS VEGAS-The seller describes the deal as institutional quality and a rarity in a supply-constrained market.

Excel Trust Pays $17M for Primo Neighborhood Center

LAS VEGAS-The seller imposes special conditions on the 18 investors who were competing to buy the center in an affluent neighborhood.

One of the Largest US Land Sales Closes

RENO, NV-The 1.2 million-acres of land purchased by Fountain Investments represents a trend of investors seeking hard assets in the US and as hedges against inflation, says a source.

Las Vegas Home Sales, Prices Increase

LAS VEGAS-The increase is attributed to strong demand coupled with a decreasing supply; and new president Kolleen Kelley is urging GLVAR’s 11,500 members to make at least one extra purchase a month to help boost the local economy.

TrendCzar
Las Vegas’s Worst Nightmare

As noted last week, now it’ s New York glomming on Las Vegas’s business with talk of a casino-convention complex near JFK Airport. Once lotteries were a ready gambit employed by states to raise revenues—all those dollar entries for Powerball can add up. But now more places go all in, defaulting to unadulterated gambling as a way to generate some jobs-any jobs and create tax base—any tax base.

TrendCzar
Las Vegas’s Worst Nightmare

As noted last week, now it’ s New York glomming on Las Vegas’s business with talk of a casino-convention complex near JFK Airport. Once lotteries were a ready gambit employed by states to raise revenues—all those dollar entries for Powerball can add up. But now more places go all in, defaulting to unadulterated gambling as a way to generate some jobs-any jobs and create tax base—any tax base.

Indoor Mall Will Complete $900M Site

LAS VEGAS-EHB, which is already working on the $550 million open-air Tivoli Village, says a new enclosed 700,000-square-foot Las Vegas Renaissance mall will hit the market right.

Wealth Metrics Drive Spending on Vegas’ Strip

LAS VEGAS-According to CBRE’s Las Vegas Strip Gaming Revenue Analysis, despite the volatility of the stock market in recent months, the Vegas Strip is showing year-to-date gains in mass market table games and slots.

ON LOCATION WITH PARTNER'S DERHAKE
Video: Tackling Environmental Engineering

LAS VEGAS-Joe Derhake of Partner Engineering and Science, Inc. discusses his upcoming Science of Real Estate blog on GlobeSt.com.

TrendCzar
Hot Growth Burned Census Data

The latest housing price numbers reinforce the image of relative strength among the primary global gateway markets and the continuing weakness of formerly hot growth areas, many of which showed the largest population gains in the 2010 census.

ON LOCATION WITH EXCESS SPACE'S BURDEN
Retailers Zero In on Lease Renewals

LAS VEGAS-Retailers are taking lease renewals a lot more seriously since the recession, says Michael Burden of Excess Space.

ON LOCATION WITH BUXTON'S WETZEL
Consumers Flock to Gateway Markets

LAS VEGAS-Buxton President and CEO Charles Wetzel says that gateway markets are getting the most love from shoppers.

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Events

Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Upcoming Conferences
Feb.
15
RealShare APARTMENTS EAST
Washington, DC
Mar.
07
RealShare PHILADELPHIA
Philadelphia, PA
Mar.
22
RealShare REAL ESTATE 2012
Los Angeles, CA
Apr.
03-03
RealShare NET LEASE 2012
New York, NY
Featured Event
RealShare APARTMENTS EAST


Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Webinars

Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

Featured Event
Protect Your Portfolio From Seismic Risk


This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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User's Choice

Tenants Get Ever More Efficient with Space Needs

WASHINGTON, DC-This is not necessarily good news for area landlords, especially as this drive to efficiency also includes the government, Studley’s David Lipson tells GlobeSt.com’s Erika Morphy.

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