LeadershipNVAR encourages Nevada REALTORS®
to support backpack drive
LeadershipNVAR’s Class of 2016 is hosting a backpack drive to benefit Boys and Girls Clubs within Nevada. LeadershipNVAR, the Nevada Association of Realtors®’ (NVAR) signature program for personal and professional growth, is promoting the drive as part of its annual class project.
Class members are asking individuals to showcase their generosity by donating a filled backpack to help a student in need. LeadershipNVAR is working with Boys and Girls Clubs of America, a partner charity for the National Association of REALTORS® (NAR).
Donations can be made by giving a backpack and school supplies. Anyone choosing to stuff a backpack with school supplies is asked to tag the gift with the appropriate color code for an elementary, middle or high school-aged student. Click here to see the backpack drive flier and the color codes for a list of school supplies for appropriate age/school groups.
If interested, individuals can make a cash donation in lieu of a backpack/school supplies purchase. Click here to make a cash donation to BGCA. Be sure when you donate to type in ‘Nevada’ under the REALTOR® association name. Also, if there is a specific area/club you want your donation to go to, please specify in the corresponding box.
Contributions or gifts to Nevada Association of REALTORS® are not deductible as charitable contributions for federal income tax purposes.
The drop-off deadline is August 1 and drop-off locations are listed below:
- NVAR: 760 Margrave Drive
- RSAR: 5650 Riggins Court, Suite 200
- GLVAR: 1750 East Sahara Ave.
- Signature RE Group: 9525 Hillwood Dr. Suite 120
- Signature RE Group: 7181 North Hualapai Way
- Signature RE Group: 2200 Paseo Verde Pkwy, Suite 300
- Realty Executives: 1071 South Carson Street
- Realty Executives: 1511 HWY 395
- ECAR: 557 W. Silver Street, Suite 201A
- Coldwell Banker: 114 Tonka Lane
*Donations made directly to BGCA may qualify as tax deductible. If donating cash through above link, you will automatically be receiving a form from BGCA.
NVAR Directors address squatting issue
Given the foreclosure crisis that Nevada, and specifically Las Vegas, has suffered through over the past decade, it should come as no surprise that Clark County has also seen a spike in squatter-related issues in recent years. NVAR Directors Scott Beaudry and Vandana Bhalla, along with Henderson Police Dept. Sergeant Kirk Moore, were all guests last month on KNPR’s radio show The State of Nevada, discussing growing concerns over squatters in the Las Vegas valley.
A squatter is someone who takes over a property without owner consent. The State of Nevada host Carrie Kaufman said Las Vegas Metro received 4,500 calls of squatter complaints in 2015, up 22 percent from the prior year. However, what’s more alarming is that figure has jumped by 169 percent since 2012. Moore said HPD has received nearly 100 calls since November when AB386 went into effect. The new law governs how law-enforcement agencies investigate homes that have been broken into. Click here to read more. Click here to listen to the complete radio program.
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2015 Annual Report
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MIPIM helps locals think global
By Rena Levy, NVAR Global Business Committee
As many of you know, Cannes, France is home to the prestigious and publicized international film festival that bears its name. However, did you know it also hosts one of the largest international real estate conferences in the world? Earlier this year, the Greater Las Vegas Association of REALTORS® and the Nevada Association of REALTORS® sent members from their respective Global Business committees and joined other National Association of REALTORS® leaders at the MIPIM 2016 Conference, hosted March 15-18.
Industry leaders from more than 90 countries joined over 23,000 international attendees to take part in this powerhouse real estate trade show. Major cosmopolitan cities such as Paris, London, Munich and Istanbul promoted large city projects to developers. Countries like Italy, France, Philippines, the United States, Turkey and Germany hosted large regional pavilions. Delicious food and hospitality represented each country’s culture. In addition, gifts and entertainment served as attractions, drawing thousands of attendees to view what every country had to offer and bolstering their chances to entice investment in their regional projects.
Click here to read the entire story.
Reno jumps to fourth among mid-size economic hot spots
Las Vegas sits 13th in large-size metros
RCLCO, a leading national real estate strategy firm, first published an Economic Hot Spot map in 2013. At the time, the economy was recovering from the Great Financial Crisis at a very uneven pace across regions. The idea was to get a sense of where growth was currently happening and why. Based on trailing and forward 12-month indicators of factors such as growth, income levels, and economic structure, the map gave us a good indication of regional growth patterns.
In fact, the map turned out to be quite telling. Many of the high-ranking markets at the time were tech and energy related—and subsequently experienced substantial job growth that led to some of the hottest commercial real estate markets in the country, in terms of both demand and new construction. In fact, the top 15 large markets in our 2013 rankings accounted for 58% of net office absorption and 64% of new office construction in the 51 largest markets in the United States in 2014 and 2015. Click here for full story.