(Las Vegas - January 5, 2016) – Coldwell Banker Premier Realty (CBPR) recently completed the sale of 32 acres of land at 1525 and 1545 Wigwam Parkway (at Stephanie St. and I-215) in Henderson, Nev.  CBPR represented the seller and Jorant Commercial/Sunbelt Development & Realty Partners represented the buyer, The Wolff Company, based in Scottsdale, Ariz. The Wolff Company intends to develop market-rate multifamily housing and high quality senior living communities on the property. “Henderson ... read more

As the exhibit below illustrates, Nevada is one of five states furthest from peak pricing. There are several reasons why this alleviates many of our concerns about current value. One, current prices can be explained fairly well when we look at the level of supply in the market and demand drivers such as improving employment and population growth. What is hard to explain is why a closet sized condominium in San Francisco can be so expensive. Foreign hot money and a vibrant technology and finance sector may explain s... read more

 y The crisp weather has arrived in Las Vegas and with it came more news of stability in our real estate market. Enjoy the November Real Estate Report and the Monthly Minute Market Update video below. As we all prepare to close out 2015, it’s a great time for a real estate check-up – whether you’re relocating, considering selling, buying or just want to know what your home is worth after a year’s worth of a... read more

With the December Federal Open Market Committee meeting drawing near, it is useful to revisit some of the themes that may play out and offer a little background on the Fed policy rate, mortgage rates, housing price and commercial property value sensitivity to shifting rates. Bloomberg notes that Federal Reserve (The Fed) policy makers inserted language in the October statement that indicated that it might be time to raise the benchmark lending rate in December, reiterating that these increases would be gradual. No... read more