Kaylee Cho & Rena Aree Team - Las Vegas Commercial Real Estate

07/18/2025

Leased signed. Represented Landlord. Breaking ground Feb 2026, Q3 2025 shell delivery.

Suite 110 with drive-thru: under negotiation
Suite 120: last space remaining
Suite 130: Jimmy John's

Kaylee Cho & Rena Aree Team
Las Vegas Commercial Real Estate
라스베가스 미국 커머셜 부동산
702-728-1932
ลาสเวกัส เอเย่นต์อสังหาฯเชิงพ
702-530-8383

03/17/2025

Cadence Medical/Professional Office for Lease @ 1180 E Sunset Rd, Henderson, NV 89011
Delivery July 2025

Suites available from 1,900-6,000 sf

Cadence Henderson #3 Top selling master planned community in the US

Lease Inquiries: Rena Aree 702-530-8383

Kaylee Boram Cho & Rena Aree Team
Las Vegas Commercial Real Estate
라스베가스 미국 커머셜 부동산
ลาสเวกัส เอเย่นต์อสังหาฯเชิงพ

03/17/2025

For Lease: Deer Springs & 5th
North Las Vegas
4,580 sf demisable spaces
Delivery: Q2 2026

Ste 1 (Drive-thru): Under negotiation
Ste 2: Available
Ste 3: Under negotiation

Lease inquiries: Rena Aree 702-530-8383

Kaylee Boram Cho & Rena Aree Team
Las Vegas Commercial Real Estate
라스베가스 미국 커머셜 부동산
ลาสเวกัส เอเย่นต์อสังหาฯเชิงพ

03/16/2025

Multifamily market survey: Following a 2-year slowdown due to high debt costs and pricing uncertainties, a recent survey of 240 major clients by Berkadia found that 83% of multifamily investors are actively looking to make deals this year, according to Bisnow.
https://www.credaily.com/briefs/83-of-multifamily-investors-want-to-buy-in-2025/

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 미국 커머셜 부동산 & 개발
ลาสเวกัส เอเย่นต์อสังหาฯเชิงพาณิชย์

01/22/2025

Must Read the actual entire article! Reality. This is why not everyone does development nor can. But someone will and has to.

Architects and Engineers: A Dynamic Duo
This article explores the collaborative relationship between architects and engineers in designing and building projects.

Key Roles:
* Architects: Focus on design aesthetics, functionality, and the overall vision of the building.
* Engineers: Ensure the building's structural integrity and functionality by designing systems like HVAC, electrical, and plumbing.
Challenges:
* Time and Cost: Delays and rising costs due to inflation and economic uncertainty impact both architects and engineers.
* Labor Shortages: Finding qualified engineers and other personnel is a significant challenge.
* Navigating Municipalities: Dealing with varying regulations and permit processes across different municipalities can be complex.
* Impact of AI: While AI has potential, its role in the industry is still evolving.

Conclusion:
Despite challenges, the architecture and engineering industries continue to play a vital role in Nevada's development. The collaborative efforts of these professionals are essential for creating innovative and sustainable projects that shape the state's future.

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 미국 커머셜 부동산 & 개발
702.728.1932

  Architects and engineers work together to design and implement their clients’ vision creating beautiful and structurally sound projects. But, who are they and what do they do? Architects hav…

01/20/2025

Large institutional buyers have been acquiring residential rental property portfolios. Las Vegas saw the biggest increase of investor purchases year over year (27.6%) in the third quarter of last year, according to Redfin data. This was the biggest increase of any metro, beating out Seattle (21.8%) and San Jose, California (19.5%).

On another notes, large national new home builders have been aggressive in acquiring land throughout Las Vegas valley in traditional and auction transactions. These companies provide significantly advantageous interest rates to primary resident buyers.

There is demand and supply(?).

https://www.reviewjournal.com/business/housing/wall-street-backed-firm-buys-151-las-vegas-valley-homes-3267345/

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 미국 커머셜 부동산 & 개발
702.728.1932

The Clark County homes all will be placed on the rental market, with some of them managed by another Wall Street-backed firm.

01/16/2025

Key Takeaways from CREDaily

- Private-label CMBS issuance jumped nearly 165% in 2024, reaching $104.05B, marking the largest YoY dollar increase since 2005.
- Most 2024 CMBS issuances were single-borrower, floating-rate loans, reflecting expectations that SOFR has peaked and may decline.
- Much of 2024 activity has been driven by refinancing, as many owners face maturing loans amid a sluggish property sales market.
- By 2026, $1.78T in commercial mortgages will mature, with many loans failing to meet minimum DSCR requirements.
- Multifamily loans from 2021 to 2022 face the most stress, with many owners unable to secure refinancing under current terms.

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 미국 커머셜 부동산 & 개발
702.728.1932

Liquidity returned to CRE in 2024, with a rise in CMBS issuance. However, lenders remain cautious, and refinancing challenges persist.

01/06/2025

Another strong multifamily sector outlook:

Despite rising operational costs, multifamily rents and investment activity are set for a strong year, fueled by resilient demand and tightening supply, according to Colliers’ 2025 Outlook.

“Investors have an opportunity to acquire assets well below replacement costs in high-growth markets throughout the Southeast and Southwest,” said David Goodhue, head of multifamily capital markets at Colliers. “Look for multifamily to once again lead all asset classes in sales volume.”

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 미국 커머셜 부동산 & 개발
702.728.1932

The sector faces challenges with operational expenses but should continue to lead investment sales activity.

12/31/2024

Sun Belt Multifamily Continues to Perform Despite Some Cracks in Market Fundamentals: Key Insights from the Morningstar DBRS Article.

1. Favorable Environment for Multifamily Properties: Improved consumer sentiment, Federal Reserve's interest rate cuts totaling 100 basis points, lower inflation, low unemployment, and home affordability issues have created a favorable environment for multifamily property performance in the Sun Belt.

2. Rent Growth and Inventory: Despite record inventory, 49.2% of Sun Belt markets saw rent growth between Q2 2023 and Q3 2024, while the remaining markets experienced rent declines, with the maximum decline being about 10.5%.

3. Vacancy Rates: The Sun Belt's vacancy rate increased to 6.2% in Q3 2024 from 4.8% in 2023, influenced by new supply entering the market.

4. Loan Performance: CMBS multifamily loans in the Sun Belt have shown resilience, with a lower rate of transfer to special servicing compared to non-Sun Belt regions. The delinquency rate for multifamily loans in the Sun Belt was 1.9% as of November 2024.

5. Economic Outlook: The Federal Reserve's rate cuts and improved economic indicators suggest a stable environment ahead, potentially benefiting multifamily property performance.

6. Population Growth: The Sun Belt region experienced significant population growth, increasing to 158 million in 2023 from 155 million in 2019, accounting for about half of the U.S. population.

7. Market Dynamics: The Sun Belt multifamily market has shown mixed performance, with some markets recording rent increases and others experiencing declines. The average rental rate and vacancy rate varied across different markets.

8. Capitalization Rates: Capitalization rates in the majority of Sun Belt markets increased by 100 bps from H1 2023 to H1 2024, with some markets like Houston and Nashville seeing increases between 100 bps and 200 bps.

9. Future Outlook: With the macroeconomic environment improving and lower unemployment rates, CMBS loans in the Sun Belt are expected to continue performing well.

These insights highlight the resilience and mixed performance of the Sun Belt multifamily market amidst economic changes and new supply dynamics.

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 커머셜 부동산 & 개발
702.728.1932

Morningstar DBRS is the world's fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes.

12/30/2024

Today’s article from Globest.com: Marcus & Millichap CEO’s summary is short and clear.

Private individual investors, high net worth investors and small partnerships, which make up the vast majority of CRE ownership, are very sensitive to interest rate trends.

Values have come down since their peak in March 2022, and many investors are paying cash to secure properties they have been watching with plans to put financing in place when interest rates come down further.

Retail is right now the darling of the industry, and apartments are doing great. People can’t afford to buy homes. Affordability is at an all-time low when it comes to buying vs. renting, and that really points to unbelievably strong renter demand on the apartment side of the market.

On the potential impacts of President-elect Trump’s proposed immigration policies, the first is the large migrant population that traditionally drives workforce housing rentals. Deportation could affect gateway markets and Class B and C apartment properties. Immigration policy also could impact the construction labor force in the United States. However, he noted ex*****on of policies may not reach the scale of ex*****on outlined in campaign messaging.

Kaylee Cho, CCIM
Las Vegas & Henderson
Commercial Real Estate & Development
라스베가스 커머셜 부동산 & 개발
702.728.1932

“We're not going back anywhere near the lows of the previous cycle.”