Coldwell Banker Premier Realty

  
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Investor Activity

A declining but still large component
Posted: March 25, 2014 at 10:44 AM by John McClelland

Investors played the largest role ever in the Southern Nevada housing market.  In the spring of 2013, cash sales were over fifty-percent of single family transactions.  Presumably, a majority of these cash sales were made by investors.Private investors, many of whom fall into the “mom & pop” category of investors, have always been a significant component of our market.  Recently, institutional investors, often from the private equity world, have taken a large position in the read more

New Home Masterplans

Las Vegas New Homes
Posted: February 21, 2014 at 2:12 PM by John McClelland

A survey by our friends at John Burns Consulting indicates that Mountains Edge and Providence continue to be among the top selling masterplans in the U.S. Ultimately, Providence is expected to include nearly 7,500 homes. Mountains Edge will be nearly 12,500 homes. Both projects are Focus Property Group developments. Summerlin, which has been a national leader in sales for years, also continues to be a good seller. Last year Howard Hughes did several deals with homebuilders to develop on some of the w read more

Homebuilder Earnings Season

Some links to the transcripts
Posted: December 20, 2013 at 2:44 PM by John McClelland

It is earnings season for a bunch of the homebuilders. Often there is a lot of fluff in the earnings calls but we still like to read the transcripts since there are some occasional interesting points not covered in the 10-Q. Sometimes they talk about local market factors. Obviously California is in there but what happens there can also influence perceptions of Las Vegas. If you are also interested, you can find Lennar's transcript here:http://seekingalpha.com/article/1905761-lennar-management-discuss read more

REIT M & A

Some recent activity
Posted: October 24, 2013 at 10:15 AM by John McClelland

Some analysts have noted weak M & A activity in REITs throughout the past year. One common reason is the lack of willing sellers. Pretty natural result in this interest rate environment.Scott Craig expands on some of these reasons here:http://www.reit.com/Videos/Analyst-says-REIT-MA-Activity-Lags-Due-to-Lack-of-Sellers.aspxRecently Cole Real Estate and American Realty Capital Partners merged. Housewire has the details:http://www.housingwire.com/articles/27597-cole-real-estate-to-merge-into-ameri read more

Class A Apartments

Posted: October 24, 2013 at 10:07 AM by John McClelland

Las Vegas – Senior leadership at Coldwell Banker Premier Realty announces the sale of Inspirado Apartments to private investors, Mystic Sands LLC.  Inspirado, a 252 unit apartment home community completed in 2011, which sold for $28,700,000, represents one of the larger transactions that took place in the Las Vegas Valley in 2013. “Inspirado was a great opportunity for an investor to acquire a low vacancy, newer project in a growing submarket, near several major employment centers”, said Brian read more

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