Agents know that there are only a limited number of things that they can do to get a listed commercial property sold.  Of course, being able to personally contact parties who they know are interested in a certain kind of property is the most effective marketing method, it can produce immediate results, but often agents find that their list of personally know buyers is limited and when they reach the end of it they have to become more creative. 

While there is no doubt in my mind that the approval, sale and development of the Echelon property will go a long way toward bolstering the Las Vegas Strip image, it isn't a pancea, its not going to solve many of the problems still notable in our commercial real property markets.

The fact that almost all of the top 20 most viewed Las Vegas properties listed on Loopnet have been multi-family residential properties is compelling evidence that the multi-residential market segment is what buyers of Las Vegas real property are paying attention to.  Its a good sign, it means that buyers are anticipating a positive movement.  

It's common sense if you think about it, rental rates have decreased dramatically over the last several years in Las Vegas, Henderson and Clark County, Nevada in general and expenses have continued to creep up.  So even though they may not have increased substantially commercial building expenses now take up an even larger share of the gross income that is typically derived from a commercial building.

It's easy to assume that a large real estate firm must be a good one, that it will get you the best results, but being large doesn't always make a firm the best choice.  I'm not going to argue the fact that doing the right things generally makes real estate firms grow, but once they gain some prominence the individuals who built them with exceptional customer service are long gone.  Depending on the size and quality of your listing, you are going to end up with either a great agent or a new, less experienced one.

As a commercial broker and commercial real estate appraiser I often form value opinions (complete appraisal reports) for sellers considering unsolicited offers, for owners who are considering disposition of their property (often before they list it) and for buyers who have already acquired real property using an unsolicited offer.  I can tell you with complete honesty, I'm notlooking for your appraisal assignment, that some of the sales that I have reviewed over the years that were made without the benefit of an appraisal have heavily favored the unsolicited buyers.

In days gone by there used to be a relatively large number of small and medium sized lenders in the commercial real estate market, and the recession of 2008 caused many of them to pause or to leave the business.  Many firms that thought they were safe af 50% loan-to-value were shocked, like the rest of us, that the value of real properties fell well below half their conservative value estimates as established in 2005 through 2007.

If you want to evaluate how your listed property is being marketed you may want to take a look at the brochure that has been prepared.  If the agent says that there is no marketing brochure, I guess that would concern me as an owner.  You may want to ask, how are information requests being dealt with?  How do potential buyers and cooperating agents get the information you want conveyed to them?  Most firms do put together some type of brochure or flyer, is there a difference?

There are many Las Vegas high rise condominium buildings that are influenced to some extent by the percentage of developer ownership.  Developers are generally looking to increase the value of their inventory, and that means selling condo units for as much as the market will support.  There's nothing wrong with that, unless you are a buyer looking for a bargain.