Press Releases & Announcements

Will Gaming Drive the Recovery? – October 1st 7:30 AM

Posted by admin on September 25, 2009
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Join us for our Industry Roundtable Event

October 1st, 7:30 A.M. in the Acacia Ballroom at the Four Seasons

Colliers International – Las Vegas will hold its second quarterly roundtable event on October 1st at the Four Seasons Hotel in Las Vegas.

The event, which will include guest speakers from Union Gaming and Colliers, will begin at 7:30 a.m. with a continental breakfast, followed by a panel of speakers at 8 a.m., and closing with an open discussion about the market. Topics will include the current economy, Colliers’ Las Vegas market overviews and potential for growth and expansion moving forward. “Can gaming once again propel a speedy recovery of the local economy?” said Mike Mixer, Managing Partner of Colliers’ Las Vegas office. “Many people are looking to the gaming industry and the success of projects such as CityCenter to lead the way”.

UPDATED: Guest speakers will include:

  • Trina Bushman, Business Development – Tradewinds Construction
  • Kenneth Perlman, Vice President – Sullivan Group
  • Grant Govertsen, Principal & Analyst – Union Gaming
  • John Stater, Research & GIS Manager – Colliers Las Vegas

Pre-registration is $25, $30 at the door. To RSVP, contact Gina Jones at gjones@lvcolliers.com

In 2009, Colliers International became the first Las Vegas-based brokerage firm to release its quarterly market report on the first day after the quarter ends. The Las Vegas office plans to again release the market report on the first business day following the end of the quarter, and is hosting the event as a supplement to the report.

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Now is the Time to Grow

Posted by admin on August 20, 2009
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Retailers Finding Opportunity in the Las Vegas Market

Please join us at Maggiano’s inside the Fashion Show Mall and discover three companies that are finding great opportunity and growth potential in the Las Vegas market. Learn their desired space/site requirements and why they feel that now is the time to expand in Las Vegas. The panel will provide information on the potential growth opportunities that exist today. Learn how to better serve our landlords by finding out what companies are looking for. The evening will provide excellent one-on-one networking opportunities with many professionals in the shopping center industry. Come join the Next Generation!

Moderator: Richard Crighton

President, Rothwell Gornt CompaniesSpeakers include:
·    Don Lewandoski, VP of Development and Construction,Café Rio
·    Jim Reynolds, Sr. Real Estate Manager, Great Clips
·    Paul Schloss, Owner, Brooklyn Bagel

Las Vegas Next Generation Program and Reception
Thursday, September 17, 2009
5:00-8:00 pm

Maggiano’s
(Fashion Show Mall)
3200 Las Vegas Blvd. S
Las Vegas, NV
+1 702-732-2550

REGISTER NOW

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Panattoni Development Company Acquires Bank-owned Las Vegas Project

Posted by admin on August 20, 2009
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LAS VEGAS (August 20, 2009) – Doug Roberts, Senior Vice President/Project Principal for the Las Vegas division of Panattoni Development Company, announced today the company has closed escrow on a 19-acre office and industrial project located near Buffalo and Post roads, approximately one-half mile north of the I-215 and in the Southwest submarket of Las Vegas.

The project consists of eight completed industrial buildings totaling approximately 72,656 square feet, as well as four completed office buildings totaling approximately 25,896 square feet. The office buildings range from 6,150 square feet to 7,446 square feet in size. The project also includes 11 acres of fully improved land for a build-to-suit or sale.

The buildings will be marketed for sale, lease or lease with an option to purchase. The land will be marketed for sale or for build-to-suit. The commercially-zoned, improved property can be subdivided down to 2.5 acres and pricing starts at $100 per square foot.

“This was a very unique opportunity to purchase a well constructed and well located project in the southwest, where there is a minimum of competition for these small industrial buildings at a competitive basis,” Roberts said. “The excess land can be held for future BTS or speculative construction or sold outright given the right offer.”

Colliers International’s Pat Marsh and Eric Molfetta are the listing agents.

Panattoni Development Company (PDC) is a privately held, full service development company founded in 1986 by Carl Panattoni.  During the last five years the firm has averaged nearly 15 million square feet of development annually, one of the most active records in the nation.  PDC has developed and managed industrial, office and retail facilities in more than 100 markets throughout the United States.  The firm is headquartered in Sacramento, California, and maintains more than19 regional offices across the country.  For more information about Panattoni Development Company, visit the company Web site at www.panattoni.com.

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New Ad Partners

Posted by admin on August 10, 2009
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The Las Vegas CRE News Blog has gone and picked up some sponsors. If you like our site and want to see it continue please take a moment to visit one of our ad partners below:

Apple iTunes

LinkShare Referral Program UK

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Michael G. Hurston’s Marketing Articles on Ezine

Posted by mhurston on August 03, 2009
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Michael’s articles have been put up over at ezinearticles.com

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Brief Colliers Industry Roundtable Review

Posted by mhurston on July 01, 2009
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The Colliers Industry Roundtable was a full house and then some at the Four Seasons this morning. Tim & Ken Perlman from the Sullivan Group opened with national economic outlook indicating that recovery will lag, national unemployment will more than likely hit 10 maybe 11 percent by the end of 2009, early 2010 but at least he just saved a bunch of money on his car insurance by…

Yes, the talks were a little like laughing during a funeral, especially considering that the overall outlook was dismal at best. The Sullivan Group continued with the residential market and employment crisis. The end result was that assuming City Center is able to produce the visitor volume expected and more jobs are created, the fact remains that the average hotel, gaming and hospitality worker makes a reported income of $25,000 a year. If you assume tips and unreported income can bring them to the $45,000 year level then the housing market could recover because of the low value of homes in the $150,000 range. My question is still how would someone in the $25,000 a year reported income manage to find a loan for $150,000 given the new restrictions from banks on loans? Unfortunately, this is the life we are in and we as a nation will just have to live through it.

John Matt Stater of Colliers closed with a brief outlook on the Commercial Real Estate market, a nail in the coffin of the current economy as we saw a 95 month supply of office sitting empty with Retail and Industrial numbers not too far behind. A much worse outlook than the 4-month supply of residential housing mentioned by the Sullivan Group.

Ultimately the overall theme was that recovery would not happen until people in our city have jobs, unfortunately we will more than likely continue to see job losses through 2010, so don’t expect our markets to begin a recovery until at least early 2013.

New Ad Sponsor – Timothy Fenn’s Tupperware

Posted by admin on June 16, 2009
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Please take a look at our sponsors website: http://my2.tupperware.com/timmer692002

LVCRENEWS Twitter Breaks 100 Followers

Posted by mhurston on June 03, 2009
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Since our Twitter went up with our site on April 1st we have slowing been growing with over 300 unique visitors in April and almost 400 in May. In addition, many visitors to our site are now following us on Twitter and earlier this week we broke 100 followers. A big thanks to all who have been supporting us and are working with us on some of the exciting new articles coming out in the next couple months. We hope you continue to find our marketing, industry insight and community news a useful resource in this tough economic time.

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Site Created April 1st 2009

Posted by mhurston on April 21, 2009
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Las Vegas CRE News is born, but much is still to come. Allow us some time as we work out the kinks and prepare for the official launch of the site April 28th.