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Kameron Kildea Blog

How Much does it Cost to Rent in the Las Vegas Valley?

Posted by Tamara Foote on October 25, 2018 in No Category
What do you know about the Rental Market? Many of today’s real estate headlines remark on median home sale prices. In Las Vegas, the median single-family home price reached $300,000 in September, nearly thirteen percent higher than the same month one year ago. What fewer recognize is that the rental market has been similarly heated over the past year. It’s important to cast some light on the rental market, which lives somewhat in the shadows of the for-sale market. The median rent per-square-foot has a... read more
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LAS VEGAS HIGH-RISE RESIDENTIAL REPORT

SPRING 2015
Posted by Jesse Olive on June 17, 2015 in No Category
LAS VEGAS VALLEY HIGH-RISES LAS VEGAS HIGH RISE - Condominium Market While we see each high-rise project as a market unto itself, for brevity, we occasionally refer to the “market” for high-rises. The high-rise market is registering fairly flat sales rates, however pricing continues to ratchet higher in a majority of buildings. There are some notable performers. In the past couple of years, Downtown has had rather tight supply, with limited resale activity in Newport Lofts and Soho Lofts, both of w... read more
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Las Vegas Residential Rental Report - Summer 2015

The Latest on the Las Vegas Rental Market
Posted by Jesse Olive on June 15, 2015 in  apartments  property management  rental housing
SUMMER - 2015Late spring and early summer is a great time to have a rental on the market. Many job related moves occur during this time of year and often families are looking to be settled before a new school year begins in the fall. As a result, marketing times are often shortest during this period and landlords tend to have the most influence in getting top rents. If you are contemplating putting a rental on the market in 2015, we would advise trying to make it rent ready by Septembe... read more
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MAJOR SALES & PROJECTS IN LAS VEGAS - 2014 & 2015 YTD

A Rundown of some of the larger real estate transactions throughout last year and this year to date.
Posted by Jesse Olive on April 02, 2015 in No Category
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
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Multifamily

Yes, interest continues
Posted by John McClelland on July 16, 2014 in No Category
Class A multifamily continues to be one of the most favored asset classes both nationally and in Las Vegas. In some U.S cities, capitalization rates are as low as they have ever been, particularly in Tier 1 cities with asking cap rates in the 4% - 6% range.1  Clearly some investors believe that they can push rent growth further. One should be cautious of this approach since there is an incentive to add new supply, which has been constrained by recession era risk aversion by both developers and lenders. Neverth... read more
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