Las Vegas Real Estate News

Local construction industry has labor shortage

The construction industry is bouncing back in Clark County, but the shortage of skilled labor could pose a problem in completing projects in the future. This is when speculative home building becomes a real challenge. Fortunately, we haven’t seen an impact on our trades for repairs and our building rehab is nearly completed.

Locally grown produce to spring from Urban Seed

A nearly 2.5 acre plot of land off Wynn Road will be glowing green by year’s end. This is exciting news for us peeps who care about nutrition.

Developers proposing stadium to meet week ahead of schedule

Developers proposing a 65,000-seat, $1.9 billion domed football stadium have said they want to move the process along quickly, now that they’ve agreed on prospective sites.  The Adelson family has pledged to donate $650 million for the stadium and the Raiders would submit $500 million to build it.  The site will be on 62 acres west of Interstate 15 between Russell Road and Hacienda Avenue, and on the current Bali Hai Golf Club.

Oakland Raiders present maps showing how the stadium would fit on the two leading sites under consideration (Las Vegas Review-Journal)


Top Commercial Pick

Strip Center
Las Vegas, NV
Community Strip Center, 51 parking spaces, Upside potential,All leases mon to mon, Seller may carry.
Price:  $1,050,000
Cap Rate:  7,862 SqFt
Property Type:  Retail “mom & pop”

Here is the top 10 properties you should consider purchasing for lease/options.

This Week’s Top Pick (4/2/2 $115k)

Roof Patch ($500), Engineered Wood Flooring ($6k), Paint ($3k), Misc ($500), front yard is optional ($5k)
Art
Art
Art
Art
Art
Condition(C) –
Art
$10,000
Estimated ROI
9%
Visited
Yes
Available
Yes
REPO?
Yes
Bank
HUD
Bedrooms
4
Bathrooms
2
Garage
2
Sq. Ft.
1,296
Lot Size
0.14(acres)
Stories
1
Year Built
1964
Pool
N

Property Management Software Change – We have selected Appfolio as the software management platform we will implement over the winter. Data will be ported over starting in October and November we will start operating with a few properties. Our goal is to have 100% of the properties operating under the new system by December 1st. December is the slowest part of the season so we will have time to educate our clients, tenants and staff.


Building Rehab In Progress

Building Rehab

Our humble office building that we have owned for 3 years is finally getting a make over. Framing is completed and stucco is being applied. Painting and new asphalt should be completed within 4 weeks.


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Investor Introduction Video 

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Our Maintenaince Process

Recent squatter removal video.

Evictions and how they work

Video of crack head squatter

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