Las Vegas Home Prices Up 7 Percent Annually in March

Greater Las Vegas Association of Realtors | April 08, 2019

The Greater Las Vegas Association of Realtors is reporting this week that local home prices inched back up to the $300,000 mark in March 2019 while fewer properties changed hands and more homes were on the market than one year ago. GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during March was an even $300,000. That's up 1.3 percent from $296,200 in February 2019, and up 7.1 percent from $280,000 in March of 2018.

Spotlight

Real estate, globally, has attracted huge financial investment in recent years. Since 2012, real estate technology based companies have raised almost $6.4 billion in funding across 817 deals in the United States alone . Real estate technology is defined as the hardware gadgets, online platforms and software tools used by different participants in the real estate industry, including real estate-focused lenders, brokers, property owners, investors, and managers, as well as the consumers to collect and distribute data related to the real estate industry . However, as the report of CB-Insights.

Spotlight

Real estate, globally, has attracted huge financial investment in recent years. Since 2012, real estate technology based companies have raised almost $6.4 billion in funding across 817 deals in the United States alone . Real estate technology is defined as the hardware gadgets, online platforms and software tools used by different participants in the real estate industry, including real estate-focused lenders, brokers, property owners, investors, and managers, as well as the consumers to collect and distribute data related to the real estate industry . However, as the report of CB-Insights.

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BROKERAGE

HPI Acquires 55 Acres to Build 829 Multifamily and Single Family Rental Units

Davidson Bogel Real Estate brokerage firm | May 26, 2022

Davidson Bogel Real Estate (DB2RE), a leading land brokerage firm based here, announced the sale of 55 acres in north Fort Worth. HPI Real Estate Services & Investments (HPI), headquartered in Austin, Texas, acquired the property at the southeast corner of Bonds Ranch Road and Blue Mound Road. HPI’s plans include: Approximately 636 multifamily rental units. Approximately 193 single-family rental units with attached garages and yards. Amenities will include clubhouses, resort-style pools, pickleball courts, and walking trails. We are focused on growing our North Texas portfolio as it is one of the strongest real estate markets in the country. Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental housing. We look forward to breaking ground in early 2023 and residents moving into both our apartments and single-family homes the following year.” Tim Shaughnessy, President of HPI Multifamily Collins Meier, Ryan Turner, David Davidson Jr., and Edward Bogel of Davidson & Bogel Real Estate brokered the transaction. “The demand for rental product continues to accelerate with growth in renters by choice and as home buyers battle rising interest rates paired with historically high home prices,” said David Davidson Jr., co-founder of DB2RE. HPI Real Estate Services & Investments is a full-service commercial real estate firm with offices in Austin, Dallas, Houston, and San Antonio. The company has more than 30 years of experience developing, managing, and investing in multifamily, self-storage, senior, office, and industrial real estate. About DB2RE Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr. and Edward Bogel in 2015, the base principal of the company is exceptional client service with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.

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REAL ESTATE TECHNOLOGY

$1.6B Industrial Recapitalization of Blackstone Real Estate Income Trust and LBA Logistics Announce

businesswire | January 22, 2021

Blackstone Real Estate Income Trust, Inc. ("BREIT") and LBA Logistics ("LBA") today declared the recapitalization of two mechanical portfolios possessed by LBA involving $1.6 billion of gross worth. BREIT gained a roughly 60% consolidated revenue across the two portfolios, and LBA's venture asset and its financial specialists held the equilibrium. The portfolios involve 71 top notch resources adding up to 9.5 million square feet and are around 95% involved. The resources are found dominatingly in last mile areas in West Coast markets with by far most in California and Seattle, which are two of the best performing mechanical business sectors in the country. After shutting this exchange, over 90% of BREIT's land speculations will be in multifamily, modern, and net rented resources, with mechanical speaking to over 35% of BREIT's portfolio. Eastdil Secured filled in as a guide to LBA Logistics. Blackstone Real Estate Income Trust Blackstone Real Estate Income Trust, Inc. (BREIT) is an unending life, institutional quality land venture stage that carries private land to pay centered financial specialists. BREIT puts resources into settled, pay producing U.S. business land across key property types and less significantly in land obligation speculations. BREIT is remotely overseen by an auxiliary of Blackstone (NYSE: BX), a worldwide pioneer in land contributing. Blackstone's land business was established in 1991 and has around $174 billion in financial specialist capital under administration. About LBA Logistics LBA Logistics (LBA) is a full-service real estate investment and management company with a diverse portfolio of industrial properties in major markets throughout the United States. LBA Logistics’ portfolio currently totals over 60 million square feet and consists of state-of-the-art, high-bay distribution space, light manufacturing and multi-tenant business parks. LBA owns assets in major port and airport adjacent locations including South and Northern California, Seattle, Dallas, Chicago, Atlanta, New York/New Jersey, and Florida as well as regional inland hubs and infill last-mile delivery locations. In addition, LBA Realty owns and operates a portfolio of office and mixed-use properties throughout the Western United States.

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REAL ESTATE TECHNOLOGY

RealtyJuggler Real Estate Software Gets a 20% Performance Boost

prnewswire | October 27, 2020

Today, RealOrganized, Inc. is pleased to announce a significant upgrades to their flagship product, RealtyJuggler Real Estate Software for Real Estate Agents. RealtyJuggler is a cloud-based real estate software product for real estate agents and REALTORS. The software can be used for prospecting, client follow-up, managing transactions, and much more. RealtyJuggler is sold on a membership basis at an affordable price. It is multi-user and contains numerous features designed specifically for real estate, including transaction management, listing feedback, DRIP Letters, real estate flyers, and mailing labels. RealtyJuggler is distinguished from its competition through a unique focus on ease-of-use, and friendly technical support. About RealOrganized, Inc. - RealOrganized was founded in 2003 by a former executive from AOL and a top real estate agent, each with over a dozen years experience in their respective fields. The company's mission is to create the simplest and most affordable organizational software for the real estate industry.

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