48°F
weather icon Mostly Cloudy

Real Estate News

REAL ESTATE BRIEFS: MARCH 19

United Construction Co., a general contractor and design-builder serving Northern and Southern Nevada industrial and commercial markets, has named Edward “Ed” Morgan as their new chief financial officer, beginning March 7. This announcement comes as UCC’s beloved CFO Brad Breach announces his retirement after 35 years of professional service to the company.

REAL ESTATE BRIEFS: MARCH 12

Commercial Alliance Las Vegas (CALV) is presenting an in-person class on March 11 on “Discovering Commercial” for those in or considering a career in the commercial real estate industry.

HOA tows car with out required 24-hour notice

Without reviewing any of your rules and regulations, it would appear to me that the towing of your vehicle was improper based upon the towing laws.

Vegas run of record home prices continues

A recent Las Vegas Realtors (LVR) report shows the local housing market continuing its run of record home prices and an increasingly tight housing supply.

REAL ESTATE BRIEFS: MARCH 12

CAMCO (Complete Association Management Co.) of Nevada used the Valentine’s Day holiday to help two employees navigating a recent loss.

THE LATEST
BHHS Nevada Properties holds 2021 sales awards event

Berkshire Hathaway HomeServices Nevada Properties has announced its 2021 sales achievements. The company closed 15,745 units and completed a record-breaking $9.3 billion in real estate sales in 2021, a $2.2 billion increase over its $7.1 billion in real estate sales volume in 2020.

Homeowner’s behavior borders on harassment

There comes a point where a homeowner seeking information from their association crosses the line where his or her actions become harassment. You should bring to your attorney’s attention, with specific details, the homeowner’s behavior.

Beware when hiring unlicensed swimming pool contractors

Since the COVID restrictions began in 2020, the construction industry has seen an increase in inquiries for everything outdoors from entertainment areas to swimming pools. The influx in demand and the disruption in the supply chain has caused products and services to increase in price as well as projects to be delayed.

REAL ESTATE INSIGHTS: Millennials, second homebuyers drive Vegas condo market

According to a recent Las Vegas Realtor report, the total value of local condo and town home real estate transactions tracked through the Multiple Listing Service during December was more than $221 million. Compared to one year ago, total sales values in December were up 38.5 percent and median sales price was up 30.1 percent.

2021 was record-breaking year for sales, prices

For more than a year, we’ve been breaking records virtually every month — especially when it comes to the rising price of homes sold here in Southern Nevada.

HOA boards have important role to play in communities

In the last two columns, I have talked about the roles of the homeowner and the homeowners associations’ management companies. Finally, we come to the role of the board of directors. By law, this role encompasses such legal terms as fiduciary obligations, duty of care, application of business-judgment rule, good faith (Nevada Revised Statute 116.3103). Board members sign a document for the state that they have read and understand the governing documents of the association and NRS 116 to the best of their ability. (NRS 116 31034 (15).

REAL ESTATE BRIEFS: JAN. 15

Sauter Multifamily Group of Avison Young has announced the closing of the $105.9 million sale ($190,126 per unit) of AYA Apartments, a 557-unit property at 3600 University Center Drive.

Most HOAs have community management companies

The role of the community management company is spelled out in its management agreement with the association and the role of its managers spelled out in NRS and Nevada Administrative Code 116 state laws and regulations.

The luxury real estate market will get hotter in 2022

We’ve never lived through a year like 2021. In case you don’t remember, we said that at the end of 2020. I expect the Las Vegas luxury market will get hotter in 2022 and remain hot for at least another several years.

Participation is required for HOA members, boards

What are the roles of the homeowners, management and board of directors in a homeowner association?

1 2 3 4 5 68