Brian Sodoma
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Recent Articles
Suburban Office Development: When Too Much Is Not Enough
Office-builders continue to venture into new construction
June 18th, 2013
The Valley's office-building vacancy rate is at an all-time record high of 26.2 percent, according to economic advisory firm Applied Analysis. But this town was built on chance-taking, and our intrepid office-builders arenít about to surrender to statistics.
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The Return of Sprawl Thinking
Will Las Vegas overbuild again?
June 5th, 2013
First, the good news: Home and land prices have hit the bottom and bounced. There is plenty of buyer demand, and even condos are hot again. Banks seem more willing to lend. And even with the sobering subtext of scant inventory tied to housing appreciation, we can’t help but think things are getting better.
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For Short Sellers, an Angel in the House?
Former hockey player wants to help keep original owners in their homes
May 29th, 2013
In 2008 and 2009, when the housing market cracked, David Dziedzic was a real estate investor left holding the bag. He spent those two years slogging through 25 of his own short sales and five foreclosures. At the time, banks were learning how to handle their growing lists of distressed properties, and efficiencies were nowhere to be found.
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High-Rises and the Return of Cheap Credit
Get ready for another round of low-down-payment mortgages
May 21st, 2013
Yet another sign the real estate market is on the rebound: Even high-rise condos—the sector most brutally clobbered by the Great Recession—are looking attractive to lenders today.
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Will Any of Those Out-of-Town Buyers Wind Up Living Here?
It might take time, but out-of-towners could be thinking retirement to Vegas
May 15th, 2013
Las Vegas has long been a popular second address for out-of-towners. And with so many out-of-state cash buyers these days, the civic-minded Las Vegan can only hope that some of these investors will want to actually live in these homes someday.
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Loving Lake Mead
April 9th, 2013
The National Park Service recently ranked our 1.5 million-acre recreational area number five for visitation on its list of “Top 10 National Parks.” The park drew 6.3 million visitors in 2012 (not including sightseers at the Hoover Dam), beating out even the Grand Canyon.
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Suite Redemption
After big setbacks, real estate mogul Stephen Siegel puts his money on Downtown—and beyond
April 2nd, 2013
He’s battled banks, so-called bad neighborhoods and a brutal economy. But since 2004 Stephen Siegel has remained a confident buyer in the Las Vegas real estate market.
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Got Those Investor-Only Doublewide Blues
March 20th, 2013
When MSN.com recently ran a story titled “What a Year’s Pay Will Buy You in 10 Cities,” we were surprised to see a Las Vegas home on the list.
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Sequestered in Las Vegas
February 27th, 2013
In the early days of the Great Recession, Las Vegans learned the importance of calling ahead. More than a few of us have stories about arriving at a longtime retailer or restaurant’s door only to find it closed for good. If you listen to the congressional budget debate these days, you may envision these types of situations happening again soon, but on the government-services front.
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