Posts Categorized: Uncategorized
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017, according to statistics on the geographic breakout of GDP released by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 5.2 percent in Texas to -1.3… Read more »
Via Economic Calendar, a couple big happenings in US news during an otherwise slow week: Fed Chair Yellen speech Federal Reserve Chair Yellen is due to speak on Monday April 10th at 4:10 PM ET. The comments from Chair Yellen will be monitored very closely for hints of the Fed’s direction moving forward, although it… Read more »
Nevada Business Magazine As the economy recovers, commercial real estate is slowly regaining footing in the Silver State. Recently, executives representing the industry met at the Las Vegas offices of Gordon Silver to discuss the challenges of commercial real estate in Nevada. Connie Brennan, publisher of Nevada Business Magazine, served as moderator for the event…. Read more »
MAS Investments bought the two-building 152,130-square-foot Airport Distribution Center, on 5.8 acres, at 6620 Escondido St. in Las Vegas for $7,285,000, or $48-per-square-foot, from BV/CIP Escondido LLC. Colliers International’s Brian Riffel represented the seller. Both buildings were fully leased at the time of sale.
In case you missed it, the AP recently ran a story saying that while the U.S. economy has improved since the Great Recession ended, part-time and “contract” workers are filling many of the new job openings. Contract workers made up less than half of one percent of all U.S. employment in the 1980s but now account… Read more »
The Nevada System of Higher Education, on behalf of the College of Southern Nevada, signed a 3-year $276,826 lease for 26,165 square feet of industrial space inside Northeast Crossings Commerce Center at 2925 Lincoln Road in Las Vegas. Sun Commercial Real Estate’s Edward Bassford represented the lessee; Cushman & Wakefield-Commerce’s Art Farmanali and Danielle Steffen… Read more »
Green Image LLC signed a 2-year $36,000 lease for a 1.17-acre fenced yard at 3020 W. Wigwam Avenue in Las Vegas. Virtus Commercial’s Troy Tobler represented the lessee and lessor, Walter Sargent. The reported average rent equals 3 cents per square foot.
New Growth Commercial principals Bridget Richards andJason Lesley have been recruited by Colliers International to launch a Las Vegas Investment Services Division focused on high profile investor and user acquisitions and dispositions across all disciplines.