Las Vegas Has Best Post Recession Opportunity

LOS ANGELES—Agora Realty & Management is expanding its retail portfolio in Las Vegas. The investor has pinpointed Las Vegas as one of its key investment markets because of its strong job growth and wealth of value-add opportunities. Most recently, the firm purchased an 84,208-square-foot retail center anchored by a 99-cent store. The purchase, which cost more than $7 million, is representative of the types of investments the firm is finding in the market.

“The Las Vegas market is one of the few markets in the Western U.S. that is experiencing job growth and has a friendly business environment,” Cary Lefton, CEO of Agora Realty, tells GlobeSt.com. “The market had experienced more stress in the past, which now offers greater post-recession opportunity.”