Internationally awarded and recognized, Luxury Realty Group is respected for setting a golden standard in elegance, service, exclusivity, and technology.

Bruce Hiatt of Luxury Realty Group specializes in Las Vegas luxury real estate from custom luxury homes to high rise condos.

As consultants to several Wall Street Firms and the Associated Press, Bruce Hiatt of Luxury Realty Group has made many appearances in the media including CNBC, ABC News, CBS News, FOX News, Wall Street Journal, Forbes, Fortune, New York Times, and Los Angeles Times.

Don't Bet Against Las Vegas

Posted by - May 26th, 2012
Categories: News

I’ve been saying for some time to so many naysayers out there after the Las Vegas real estate market collapse, don’t bet against Las Vegas. Historically Las Vegas has reinvented itself many times and now it appears its rebirth is beginning to get started, albeit slowly.

Recently, per Ray Germain, investment property broker for Marcus & Millichap in Las Vegas, the 16,000 square foot Walgreen’s store located at Convention Center Dr and Las Vegas Blvd, was sold. The sale price equated to $1,736 a square foot, the highest price paid per square foot for a single-tenant leased drugstore in the USA. Similar priced properties have sold in Miami and New York City for less.

This same property sold for $12.2 million in 2004. This sale price was $27.8 million. Still betting against the return of Las Vegas? Careful where you place your money now in this amazing city.

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