Blog

26
Apr

MD-granting medical school coming to Las Vegas

Submitted by admin on Fri, 04/26/2013 - 16:33

Roseman University recently announced their plans to open an MD-granting medical school in Las Vegas, the first of its kinda in Southern Nevada. This is yet another sign of recovery in Las Vegas' once fragile economy.

Although the timeline and details are still being worked out, while Roseman begins the accreditation process over the next few months, they are expected to have their first class of medical students in 2015.

26
Apr

The exempt market debate rages on in Ontario

Submitted by admin on Fri, 04/26/2013 - 16:17

Canada currently finds itself in a very unique situation with regards to securities laws and crowdfunding. Right now, "anyone wishing to raise capital must go through the cost of filing a prospectus or get an exemption, and any online portal used to raise equity must be registered as an investment dealer or advisor." Each province has different rules with regards to the exemption as there is no national securities regulator, like the SEC in the USA, so individual provinces craft their own financial regulation laws and procedures.

25
Apr

Las Vegas real estate values expected to continue their rise

Submitted by admin on Thu, 04/25/2013 - 14:53

Las Vegas has become one of the hottest real estate markets in America and is predicted to remain that way. The median home value increased by 22.3% from March 2012 to March 2013, closing out the month at $138,800. This represents the second highest rate of year-to-year appreciation in the United States, as measured by Zillow. The 22.3% increase is far above the national average of 5.1%, and Zillow predicts home values to rise by another 7.5% by spring 2014.

25
Apr

"Return of the housing bubble? Not in Las Vegas"

Submitted by admin on Thu, 04/25/2013 - 14:33

A new report from Redfin ranked Las Vegas second least vulnerable to a real estate bubble, out of 15 major American cities. The city's real estate market has been heating up in the past six months with rising prices and multiple bids per listing. The report from Redfin indicates that Las Vegas is poised to maintain its strength in the foreseeable future.

11
Apr

Massive Summerlin shopping complex in northeast Las Vegas to begin construction

Submitted by admin on Thu, 04/11/2013 - 14:57

In a recent Q&A with Kevin Orrock, the president of the Shops at Summerlin development, it was revealed that construction on the project should begin very soon and retail units are currently selling well.

11
Apr

Home values growing in most Las Vegas ZIP codes

Submitted by admin on Thu, 04/11/2013 - 13:48

Las Vegas home price appreciation has returned to positive growth rates for the first time in years, reports the Las Vegas Review Journal. All but the three of the Las Vegas Valley's 58 ZIP codes posted a positive appreciation rates at the beginning of 2013.

The largest gains were in areas of the city that were hardest hit by the recession. These ZIP codes over-corrected and saw real estate values drop far below expected. They are now rising at an alarming rate and driving the city's real estate boom.

4
Apr

Nevada unemployment numbers fall; state no longer leads nation in joblessness

Submitted by admin on Thu, 04/04/2013 - 15:32

Go ahead. Celebrate.

Just not too much.

Nevada’s jobs economy crossed important psychological barriers in December and January, shedding stigma the way locals shrugged off sweaters amid the week’s heat wave.

Yet, just as it’s important to remember it’s still winter, it’s important to note that the recession hasn’t completely relinquished its grip on state labor markets.

14
Mar

Genting Group Purchases Echelon Site on Las Vegas Strip

Submitted by admin on Thu, 03/14/2013 - 12:20

Malaysian conglomerate, Genting Group, has purchased the Echelon site on the Las Vegas strip and plans to build $2 billion hotel-casino complex, called Resorts World Las Vegas. The 87-acre property development was halted nearly five years ago at the onset of the recession. 

The Genting Group owns casinos in Singapore and New York City, and has paid Boyd Gaming Group $500 million for the Echelon site. They plan to invest an additional $2 billion into Resorts World Las Vegas, which is expected to open in 2016 and will have 3,500 rooms as well as a 175,000-square-foot casino.

14
Mar

"We're in Nirvana Right Now for Housing"

Submitted by admin on Thu, 03/14/2013 - 11:27

Ivy Zelman, the CEO of Zelman and Associates, was recently on CNBC’s Halftime Report, and her outlook for housing is excellent.

Zelman is “the most bullish on US housing as she’s been in 22 years”, she sees it as a superb investment that is sure to increase for at least the next half decade.

The reasons behind her sentiments:

12
Mar

Las Vegas #1 City to Buy Rental Property in the USA

Submitted by admin on Tue, 03/12/2013 - 17:22

CNN recently named Las Vegas as the best city in the USA to purchase rental property. The combination of low home prices and rising rental rates tipped the scales in favor of Las Vegas. It beat out other increasingly popular rental home locations like Detroit, Orlando and Bakersfield.

The Las Vegas median home price in 2012 was $122,000 while the annual expected rent for a landlord by 2015 is $12,829. Home prices are down 62% from the 2006 peak, and much of these price losses are expected to rebound in the next few years.

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