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Alan Sheleheda Blog

Howard Hughes Breaks Ground on Las Vegas Ballpark

New Home the Las Vegas 51s
Posted by John McClelland on March 01, 2018 in No Category
Howard Hughes is bringing the Las Vegas 51s baseball team to Summerlin and recently broke ground on the 10,000 person baseball stadium. The stadium joins the nearby Golden Knights Hockey Practice Facility that was recently completed.For an in-depth look at the exciting future of Downtown Summerlin® check out this article released by the Howard Hughes Corporation®... read more
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5 Things We Have Seen In the Las Vegas Real Estate Market in 2015

A Brief Look at What has Happened in The Las Vegas Real Estate Market As We Approach June of 2015
Posted by Jesse Olive on May 31, 2015 in No Category
“Is the market still struggling?”  If we had a nickel for every time that question was asked, we could….go buy a piece of real estate.  The answer to that question is a resounding, “no!”   The Las Vegas real estate market has been resurging for the last three years or more with strong sales, a drastic decrease in distressed inventory and steady home price gains in both the residential and the commercial markets.  This trend is not stopping any time soon and is ... read more
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MAJOR SALES & PROJECTS IN LAS VEGAS - 2014 & 2015 YTD

A Rundown of some of the larger real estate transactions throughout last year and this year to date.
Posted by Jesse Olive on April 02, 2015 in No Category
Hospitality Cosmopolitan $1,730,000,000 1,000,807 sq.ft 2,995 room hotel and casino Purchased by Blackstone Group from Deutsche Bank Downtown Summerlin Fashion, dining and entertainment 1.6 million sq.ft Shopping opened 2014 Multifamily, hotel The Linq The Linq Promenade includes dining, shopping and entertainment, with a 550-foot observation wheel Hotel is 2,640 rooms Casino is 118,000 sq.ft The observation wheel, called the High Roller, opened in March 2014 Grand Bazaar... read more
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Why Would Anyone Want to Live in Las Vegas, NV?

Pros About Living in or Moving to Las Vegas, NV
Posted by Jesse Olive on March 02, 2015 in No Category
There are many more pros than cons when it comes to living in Las Vegas, NV.  So, the better question may be, why WOULDN'T anybody want to live in Las, Vegas, NV? Regardless, we are going to discuss the positives. Fair warning, "Sin-City" did not make the cut this year.  There is something for almost everyone in Las Vegas, NV if not very close by which makes for another pro about living in Las Vegas, NV. Here is a rundown of some of the top reasons to live in Las Vegas, NV.  Affordability. With n... read more
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Commercial Real Estate Briefing

Improving Conditions
Posted by John McClelland on October 23, 2014 in No Category
Each sector of the commercial real estate market was severely impacted by the recession and it has been a long grind from the bottom. Things have improved substantially since, with some recent noteworthy improvements in occupancy rates and some bumps in asking rents. In addition, supporting fundamentals look far better than just a short time ago. As a result some end-users and investors are again interested in the local market and we have observed a lot of convexity in price, although some prices remain below repla... read more
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