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Real Estate News

Investors consider multifamily, commercial real estate

Multifamily real estate rent amounts continued to increase during that same period, and home values at sale continue to trend up, meaning profits continued to climb for investors.

HOA vice president has right to hear complaint against him

If the president wants to review the complaint with the full board, the president should call for a formal hearing. The president should not be judge and jury.

REAL ESTATE BRIEFS: JULY 30

Contractors Board awards $14,060 to homeowners

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LVR announces 2023 board

Las Vegas Realtors announced the results of the association’s annual election of officers and board members, with longtime local Realtors Lee Barrett serving as its 2023 president and Merri Perry serving as 2023 president-elect.

Local BHHS taps Troy Reierson as CEO

Berkshire Hathaway HomeServices Nevada, Arizona and California Properties has promoted its general manager Troy Reierson to CEO. Mark Stark, who has been with the company since 1985 and been its CEO since 1997, has become its chairman.

REAL ESTATE BRIEFS: JULY 9

Allison Wax joins Coldwell Banker as executive

Home prices set another record amid signs of a shift

Even as local home prices continue to set records, a recent report released by Las Vegas Realtors suggests the hot housing market may be starting to shift.

Sorry, you just can’t quit your HOA

Sorry, an individual homeowner cannot opt out of their homeowner association. Under Nevada Revised Statutes 116.2118, an association can be terminated, which is a complex process that requires the support of the membership.

REAL ESTATE BRIEFS

More than 50,000 expected to attend first full-scale parade since the pandemic with new additions, return of popular favorites, professional sports teams, record number of giant inflatable balloons and veterans and military groups. The event will be held 9 to 11 a.m on July 4. Escort division commences at 8:30 a.m.

REAL ESTATE BRIEFS

Cushman Wakefield has advised on the sale of The Lennox, a luxury apartment community in Las Vegas, Nevada. Constructed in 2015, the 100-unit “A” class multifamily asset is located at 430 E Cactus Road and sold to an undisclosed buyer for $38.5 million, or $385,000 per unit.

HOA unsure how to deal with ‘Let’s go Brandon’ sign

Q: I am the president of a very small homeowners association community. We have a resident who has placed a “Let’s go Brandon” sign in their front window.

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