Las Vegas Real Estate News

Panel of bankers address commercial real estate group

Interest rates were discussed during a Financial Trends Forecast panel discussion sponsored by the Commercial Real Estate Women Las Vegas, also known as CREW Las Vegas. All the bankers see a small rise in interest rates at the year. Economists are calling for a quarter-percent increase before the end of the year, a quarter percent in the second quarter of 2017 and another in the fourth quarter.

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”

This Week’s Top Pick (3/2/2 $122k) – Needs about $9k in repairs

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Property Management Software Change November 1st

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. The software will be more reliable, easier for owners & tenants to use and save money. HOWEVER, there will be some hiccups so please hang with us during the holidays.

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Building Rehab In Progress

Our office remodel is nearly completed. Signage and asphalt are next. Everything should be completed by October 20th. 

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