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Archive for September 2013


Wholesaling Commercial Real Estate: Change Your Financial Life with One Check

Las Vegas Commercial Real Estate

JC Clark, East West Commercial Real Estate, Las Vegas, Nevada

East West Commercial Real Estate is pleased to announce JC Clark as its new Las Vegas, Nevada commercial real estate associate. With her years of experience living in Las Vegas, JC will be a tremendous asset to the East West Commercial Real Estate team.

JC Clark has been a Las Vegas resident for over 25 years and is a well-respected dedicated business professional in design acquisition and management, land development, entitlements, development agreements, permitting, financial management, constructability review, construction and development in the commercial construction industry; she also spent five years assisting with property management on medical office and retail properties. She is LEED G.A. and BPI certified. Over the last 25 years, she has worked for design firms, architectural firms, commercial land developers, contractors and subcontractors which has given her the diversification to meet client’s needs.

JC is a native of Indiana and has resided in Las Vegas since 1987. She received her Interior Design degree at Vincennes University in Indiana in 1986 and soon after moved to Las Vegas where she worked in Interior Design working on the Las Vegas strip properties and eventually working in the construction and development industry where she studied at CSN in contract law and construction management.

JC’s knowledge and expertise working with local municipalities has been an asset to many companies in the public sector. She has sat on various Clark County committees and currently is sitting on the NAIOP Government Affairs committee that interfaces and meets with municipalities voicing concerns in the real estate market.

JC’s hands on approach in business, diversification in her knowledge and expertise, and attention to detail, prove effective ensuring execution which continuously produces trusted relationships and long term client base in the real estate industry.

East West Commercial Real Estate is a full service commercial real estate services company providing brokerage, capital and commercial loans, and property management services for retail, shopping centers, office, industrial, apartments, medical office, self-storage, senior housing, and hospitality. East West Commercial has offices throughout Arizona, California, Nevada, Florida and New Mexico including, Phoenix, Tucson, Flagstaff, Los Angeles, San Francisco, San Diego, San Jose, Orange County, San Jose, Sacramento, Oakland, Walnut Creek, Las Vegas, Reno, Albuquerque, and Jacksonville. For more information, contact JC Clark at (702) 505-5990, email her at or visit


EAST WEST Commercial Real Estate is seeking licensed real estate salespersons for the Las Vegas, Nevada marketplace. This role offers unlimited upside potential for a uniquely motivated candidate with the drive to create and operate his/her own business. Sales commission split is dependent on experience.

Represent buyers and sellers in the purchase and sale of commercial real estate investment properties (apartments, retail, office, industrial, manufactured home communities, senior housing, self-storage, mixed-use, special purpose).
Represent tenants and landlords in the lease of commercial space.
Commercial Broker Opinions of Value (BOV’s) / Commercial Broker Price Opinions (BPOs)
1031 exchanges, short sales, investment consultation, financial analysis, market research

Licensed real estate salesperson or broker (active and in good standing), or in process
Thorough understanding of commercial real estate fundamentals
Demonstrate strong sales performance and experience
Excellent communication skills and attention to detail
Proficiency with Microsoft Office programs (specifically Excel) and Internet tools
Ability to manage multiple priorities, demonstrate flexibility, prioritize client’s needs and objectives, and meet deadlines without exception
Familiar with the market area

Bachelor’s degree a plus (4-year college or equivalent)

The successful candidate will exhibit the following characteristics: honesty, integrity, self-motivation, diligence, tenacity, and entrepreneurial leadership. This candidate will also have proven to be adept at contract negotiations, prospecting, market research, deal making, and transaction management.

Telephone interviews will be scheduled for the coming week, followed by select in-person interviews. Please submit resume via e-mail with experience, qualifications and career objective to


On August 29, 2013, in Economist Commentaries, by George Ratiu, Research Economist

As the traditional summer vacation season wrapped up, it became easier to focus on the economic performance over the first half of the year. However, the task became an exercise in reading fortune cookies given the many changes in the economy, the markets, and the legislative environment.

The main measure of economic activity—gross domestic product—has been redefined and revised by the Bureau of Economic Analysis during the second quarter. It has been redefined to include business investments in intellectual property, such as research & development, software, and entertainment and original artistic work. GDP has also been revised, as it normally is at regular intervals.

The results point to an economy that nominally is much stronger than it was a quarter ago, by almost $2.0 trillion. At the same time, the revised annual rate of growth for first quarter GDP dropped from 2.7 to 1.2 percent.  However, the estimate for the second quarter growth rate is 1.7 percent, indicating an accelerating economy.  Of course, given the pace of acceleration, we should not expect any whiplash, as there is no hurry in the macro advance.

Sales of major properties (over $2M) advanced 24 percent on a yearly basis during the first half of this year, totaling $145.3 billion, based on Real Capital Analytics (RCA) data.  Most property types registered double-digit growth rates, signaling strong investor interest in commercial assets.   Based on National Association of REALTORS® data, sales of properties at the lower end of the price range (mostly below $2 million) increased 12 percent on a yearly basis.

Portfolio sales made up a significant part of transactions in the first half of the year, with Archstone’s sale of apartment properties accounting for over $14 billion of the total.  Hotels were another major component of the top portfolio transactions.  On the individual property side, the General Motors building in New York ranked at the top, selling for $1.3 billion, at $1,766 per square foot.  Office properties made up the top three, with Sony Plaza and 425 Lexington Avenue, both in New York, coming in second and third place.

In line with growing demand for properties, prices rose 8 percent on a yearly basis, according to RCA’s Commercial Property Price Index.  Prices rose the most for apartments (15%) and retail buildings (13%). The average apartment unit price reached $108.347.  Retail spaces commanded $166 per square foot.  Office buildings traded for an average of $212 per square foot, up 7 percent year-over-year.  Industrial properties posted average prices of $63 per square foot, a 5 percent decline from a year ago. Cap rates inched up 17 basis points, to an average 7 percent nationally across all property types. For lower priced properties (below $2M), prices increased 2 percent year-over-year, based on survey data from the National Association of REALTORS®.

Investor interest in secondary and tertiary markets continued in the first half of the year.  Markets like Jacksonville, Long Island, Philadelphia, Las Vegas posted triple-digit growth rates in sales volume. By the year’s midpoint, 31 markets exceeded the $1 billion mark.  In terms of dollar volume, Manhattan, Los Angeles and DC’s Northern Virginia suburbs rank at the top of the list.  However, Dallas and Houston move in the top five, surpassing Atlanta, Chicago and Boston.

Distressed properties accounted for $118 billion across all property types, with office making up $36.5 billion of the total.  The workout rates have been steadily climbing, reaching 66 percent in the first half of the year.  Apartments and hotels recorded the highest workout rates, at 68 percent and 67percent, respectively.

New commercial distress is on a downward trend, as asset values continue to rise.  CMBS continues to hold the largest proportion of outstanding distress—45 percent.  U.S. banks are the second largest holder of distressed properties, accounting for 25 percent.

Several markets stand out for their rates of distress workouts.  Las Vegas retains the top spot in terms of total current outstanding distress—$11.4 billion.  Its workout rate is 43 percent, a fairly low figure.  Manhattan posted the second highest current outstanding distress volume, totaling $8.4 billion. However, its workout rate reached 77 percent in the first half of the year.  Other markets with high distress workout rates were DC (82), San Francisco (87%), Pittsburgh (79%) and San Jose (76%).


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