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IKEA’s Meatballs Are Coming to Town

and other developments
Posted: July 22, 2014 at 11:35 AM by John McClelland

IKEA’s Meatballs Are Coming to Town By: Michael Sadler Late 2015 early 2016 IKEA, world-renowned furniture retailer, will finally erect a store of its own in Las Vegas. This proposed IKEA store will be located on the Bruce Woodbury 215 Beltway near the Durango and Sunset exit. The closest one to Las Vegas is currently in West Covina, CA. The demand has been so great for an IKEA in Las Vegas, that there are companies that will go to California to pick up the furniture for you. In fact read more

Multifamily

Yes, interest continues
Posted: July 16, 2014 at 4:48 PM by John McClelland

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. read more

Pamela Anderson Buys Luxury in Las Vegas with Coldwell Banker's Help

Hollywood continues to call Las Vegas HOME!
Posted: June 30, 2014 at 12:24 PM by Trisha Roche

Pamela Anderson’s New Hubby, Rick Salomon purchaseLuxury Las Vegas EstateNewly-wed-again couple joins other Hollywood celebrities who call Las Vegas home.A lavish and modern Las Vegas estate sold quietly, for an undisclosed amount, to film producerRick Salomon and his wife, Canadian-born actress Pamela Anderson.Coldwell Banker Premier Realty (CBPR) Previews® International luxury specialist, Patricia Rios-Franzishowed Hollywood A-listers Anderson and Salomon several homes, and they fell read more

International Housing Bubble

Fears in Many Countries, what does that mean for us?
Posted: June 17, 2014 at 4:59 PM by John McClelland

Recently, the IMF warned that an International Housing Bubble was forming. Looking at Price-Rent ratios, some of the highest priced countries relative to rent were Canada, New Zealand, Norway and Belgium. The United States is fairing relatively better, largely since our gains were simply getting back some of the ground lost subsequent to the popping of our housing bubble. Some metros are noteworthy however. San Francisco has been on a tear, with massive increases in prices. While not at its 2006 peak. read more

Real Estate Investment and Development Update

Investors Choose to hold onto properties. Las Vegas evolves to suit the generations
Posted: May 22, 2014 at 11:13 AM by John McClelland

InvestorsA few quick updates for followers of the Las Vegas real estate scene and real estate in general:A recent Wall Street Journal article noted that investors who bought homes in the past couple of years have largely decided to hold their properties and enjoy cash flow (Housing Investors Settle into a Holding Pattern, May 20,2014). Instead of treating this as a big trade, buying distressed homes or relatively undervalued homes and selling them after the price increases many cities had experienced in the read more

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