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REAL ESTATE BRIEFS: NOV. 13

FOUR SEASONS CEREMONY

LVR presents annual awards to Realtors

Las Vegas Realtors presented its annual awards this week to some of its leading and longtime members. LVR (formerly known as the Greater Las Vegas Association of Realtors) presented its awards during an in-person event Nov. 6 at the Four Seasons Hotel on the Las Vegas Strip. The association also officially installed its incoming officers and board members for 2022, led by 2022 LVR President Brandon Roberts.

LVR presented the following awards to these local Realtors:

Chris Bishop: Bishop, a past president of LVR and the statewide Nevada Realtors, was honored with the association’s Realtor of the Year award.

Joan Kuptz: Frank Sala/Marv Rubin Award (formerly called the Frank Sala Award and, now also honoring longtime LVR leader Marv Rubin) recognizing long-term commitment to grassroots political action and to protecting private property rights.

Keith Lynam: Jack Woodcock Distinguished Service Award.

Kimberly Alexander and Charles “Scott” Emerson: Good Neighbor Award for community service.

Keith Kelley: Ronn Reiss Award for educational excellence and leadership.

Mark Stark: Gene Nebeker Memorial Award for professionalism and service to LVR and the community.

Thomas Blanchard: Tim Kuptz and Tommy Uribe — LVR Hall of Fame inductees.

new uncommons tenant

LV Sotheby’s International Realty to relocate office

UnCommons, a $400 million, 40-acre mixed-use community by Matter Real Estate Group, has announced Sotheby’s International Realty as its newest tenant. The global real estate leader will join the much-anticipated development when the campus opens early next year in southwest Las Vegas.

Occupying a 13,000-square-foot space on the ground floor of UnCommons’ second office building, Sotheby’s move to UnCommons will support the expansion of the award-winning luxury real estate services in the Las Vegas market.

“Not only is Sotheby’s International Realty an iconic global brand, but their approach to urban, street-level store fronts fit perfectly with our design intent,” said Matter Real Estate Group Partner Jim Stuart. “We look forward to providing a creative, pedestrian connected space for their team to continue growing their industry-leading presence in Las Vegas.”

Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house. Today, the company’s global footprint spans approximately 1,000 offices located in 75 countries worldwide.

“Las Vegas Sotheby’s International Realty is disrupting the luxury real estate industry in Las Vegas. From intentional partnerships to a new style of luxury services, our firm is rooted in being different and beyond the status quo,” said Randy Char, president of Las Vegas Sotheby’s International Realty. “Vetted and approved by the iconic Sotheby’s auction house, our new location at UnCommons will allow us to deliver a level of service to our agents and their clients that this community has not seen before.”

Several industry leaders have committed to move into highly coveted spaces within UnCommons’ two office buildings when the development opens in early 2022, including CBRE, Morgan Stanley and BDO. DraftKings recently announced it will occupy 90,000 square feet within UnCommons, for what will be the second-largest office in the U.S. for the digital sports entertainment and gaming leader.

UnCommons will reimagine the workplace experience with market-leading design and technology, floor-to-ceiling windows that welcome daylight and views of the natural Las Vegas surroundings, breakout spaces for individual work or small group collaboration, a conference center that can be used to host small meetings and workshops and more. Bringing together multiple fitness studios, open-air common areas, contemporary residential units and a mélange of food and beverage options, the campus will set the foundation for a thriving, inspiring workplace. Future phases will bring UnCommons to more than 500,000 square feet of modern office space, all built with distinctive architectural features and the latest in safety innovations.

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Pulte to open Talvona at Skye Hills in northwest

Pulte Homes has announced the grand opening of four, professionally decorated model homes at Talvona at Skye Hills, a walking-friendly, gated community in a northwest Las Vegas location, just an easy drive from great local retail, dining and many of the area’s most popular recreational opportunities.

Summerlin ranks No. 3 in nation for fourth straight year

Summerlin, a development of The Howard Hughes Corp., has ranked No. 3 for the fourth year in a row on RCLCO’s national report of new home sales in 2021. Summerlin is once again the highest-ranking master-planned community in Nevada on the annual list, showing an increase in yearly home sales of over 13 percent, with 1,619 new homes sold in 2021.

LVR reports rising prices, record year

A report released Thursday by Las Vegas Realtors shows 2021 was a record year for sales of existing homes in Southern Nevada, with more than 50,000 properties changing hands despite rapidly rising prices and a tight housing supply.

REAL ESTATE BRIEFS: JAN. 8

Commercial Real Estate Women (CREW) Las Vegas has announced its new board for the 2022-23 term.

Summerlin marks another year of record home sales

The year 2021 was another one for the record books for The Howard Hughes Corp. and its Summerlin master-planned community with a number of milestone developments that include continuing evolution and growth of Downtown Summerlin as the community’s urban core and one of the valleys most popular dining/retail/entertainment/sports destinations, record home sales via the nation’s top homebuilders, expansion into Summerlin West — the newest area under active development, and the addition of new major amenities throughout the community.

Richmond American opens Bel Canto in Cadence

Cadence, a 2,200-acre master-planned community in Henderson, continues its growth, adding a new neighborhood by Richmond American Homes.

REAL ESTATE BRIEFS JAN. 1

Newmark 1 sells Lyric Apartments for $135.2M

Three tips for finding the right mortgage

While dramatically low mortgage rates made it possible for many first-time homebuyers to purchase a home this year, rates have started to rise and experts expect they’ll increase further in 2022. Higher rates will increase monthly mortgage payments, tightening budgets for the 48 percent of Las Vegas homebuyers who have been saving for a new home for one to three years.

Christmas tree recycling returns to Summerlin

As is tradition, residents of the master-planned community of Summerlin are encouraged to recycle their real Christmas trees once the holidays are over. In partnership with Springs Preserve, the UNLV Rebel Recycling Program and dozens of other local conservation organizations, the annual Christmas Tree Recycling Program returns Dec. 26 through Jan. 15.

SNHBA, local HomeAid appoints 2022 boards

In December, the Southern Nevada Home Builders Association and HomeAid Southern Nevada collected industry associates at its annual luncheon to officiate the newest board members for the 2022 year.