ABOUT LAS VEGAS
If you are considering buying a home in the Las Vegas area, you have made the right choice! Las Vegas ranks as the number ONE “Most Livable City” due to its pro-business attitude, low tax burden, employment opportunities and product growth. Las Vegas is much more than gambling, “the strip” and 24 hour entertainment. Las Vegas offers culture, education, leisure activities and beautiful homes. Las Vegas was recently named by MONEY magazine as one of the Top 10 Outdoor Cities in the country. AND THE SUN SHINES 340 DAYS EACH YEAR!!
In addition to the growing resort and casino industry, Las Vegas has so much to offer! Las Vegas has experienced growth in new industries and the Las Vegas residential and commercial real estate markets are growing steadily. Las Vegas, North Las Vegas and Henderson are among the fastest growing cities in the nation, and have each added new Master Planned Communities, mixed-use developments, golf course developments, custom home communities and retirement communities.
Las Vegas is one the top choices in the southwest among home buyers who are interested in private schools. Among the list of private schools in Las Vegas, Henderson and North Las Vegas are Merryhill School, Meadows School, Alexander Dawson School, Faith Lutheran Schools, Las Vegas Day School, to name just a few. You can find a complete list and details about Las Vegas private schools at Las Vegas Private Schools website.
The CLARK COUNTY SCHOOL DISTRICT, the second largest employer in southern Nevada, employs more than 18,000 people. It expects its student population to grow to more than 20,000 students annually and plans to generate more than $350 million per year, funds geared to build more new schools and add teaching staff. Accountability reports are available from the Clark County School District and charter schools; these reports contain detailed information about schools, annual reports prepared in compliance with the federal No Child Left behind Act, school summary reports, and an accountability summary report. For more information about these reports, see the website www.nevadareportcard.com. Back to Top.
Las Vegas offers many cultural activities and events, including the Nevada Ballet Theatre, Las Vegas Philharmonic, Las Vegas Natural History Museum, Las Vegas Art Museum, Lied Discovery Children’s Museum, to name a few. For a complete list of Las Vegas museums, visit The Nevada Tourism Division Museum website. You can find the upcoming schedule of the Las Vegas symphony concerts at www.lvphil.com and for more information about the Nevada Ballet Theatre, contact www.nevadaballet.com.
Las Vegas ranks eighth in the nation for personal income per capita. Las Vegas has also been named one of the top 35 retirement cities in the country due to its health care, safety, retirement housing developments, leisure activities and cost of living. Nevada is ranked as the nation’s best tax climate…while Las Vegas is Number One in job growth and employment/business potential. INC Magazine named Las Vegas as the number one metropolitan area in the country for business. It is the only major western metropolitan area that is wired with all-digital fiber optics by its telephone company. FORTUNE Magazine named Las Vegas as the Number One city nationally for business owners.
Las Vegas has become a key rail, truck and airplane-shipping hub for the western region of the country, helping to account for the growth of warehouse, storage facilities and industrial/commercial property in the state. Commercial and industrial vacancies are lower than any city in the country, with new businesses relocating to the area each month.
McCarran International Airport is the 5th busiest airport in the country, accommodating more than 90,000 passengers arriving and departing daily. McCarran employs more than 12,000 people and contributes more than $15 billion annually to the local economy. More than 900 flights are serviced each day. Back to Top.
Its cargo center continues to expand due to southern Nevada’s position in global commerce. Having opened in 1993, the airport center offers more than 200,000 square feet of warehouse space. The Foreign Trade Zone has designated another 160 acres of land for its expansion.
Other airports include Boulder City, North Las Vegas and the Henderson Executive Airport. The newest addition to that market segment is the Airport Hangar Park, designated for private planes.
Much of the new growth of the Las Vegas valley has been a result of the efforts of the Nevada Development Authority, whose goal has been to diversify southern Nevada’s economy. During the past few years, the NDA has attracted more than 100 new non-gaming businesses. The economic base of the Las Vegas valley is quite diversified, and includes many types of financial, warehousing manufacturing, computer and technology companies, in addition to the many jobs generated by the casino and resort communities. Construction jobs have increased dramatically, with the addition of many new luxury high-rise condominium properties and new retail and office developments.
UNIVERSITY OF NEVADA LAS VEGAS, UNLV, has become the leading center for training engineers. Hi tech companies have been relocating to the valley throughout the past decade, while UNLV and Community College of Southern Nevada have continued to meet their needs by adding new curriculum and new continuing education courses for their scientists.
UNLV has added a $40 million library among its other expansions. UNLV is one of only 165 universities nationally offering a Law School. The Clark County Community College has doubled its student enrollment over the past 10 years, and has a faculty of more than 300. It offers a new $5 million High Tech Center, features 3 campuses and a new Computer College with 200 computers.
UNLV School of Medicine was established in 1969 and is affiliated with hospitals and clinics throughout southern Nevada. USOM offers programs in family medicine, internal medicine, obstetrics/gynecology, surgery, psychiatry, pediatrics and osteopathic medicine. Las Vegas has benefited in recent years from the new medical professionals relocating to the area. Back to Top.
Private schools are expanding every year to meet the needs of our growing population.
New hospitals have added to the medical services in the Las Vegas area. Recently, St. Rose Dominican Hospital San Martin Campus, Spring Valley Hospital, Centennial Hills Hospital and Southern Hills Hospital have opened.
Las Vegas is home to many cultural activities and events, including the Las Vegas Art Museum, Nevada Dance Theatre, Nevada Institute for Contemporary Art, Nevada Chamber Orchestra, and Nevada Opera Theatre, Nevada Ballet Theatre. Las Vegas is home to the UNLV Football Team, UNLV Hustlin’ Rebels, UNLV Lady Rebels, UNLV Runnin’ Rebels and UNLV Volleyball Team. Other sports include the Las Vegas 51’s AAA Baseball team, Las Vegas Gladiators Arena Football League, Las Vegas Motor Speedway, Las Vegas Wranglers Hockey, Las Vegas Bowl; Las Vegas is the home of the National Finals Rodeo.
Las Vegas is known as the Entertainment Capital of the world, with its fabulous resorts, casinos and spas.
The Las Vegas Strip is adding new and exciting casinos, hotels, high-rise condominiums, condominium/hotels and nightclubs. MGM Mirage has announced its plans to develop the north end of the Las Vegas Strip. Having acquired two major parcels of land, the company has plans to develop a mixed-use development on the scale of its MGM Project City Center. MGM City Center is being built at the south end of The Strip.
MGM City Center is a $9 billion project with a 4,000 room hotel/casino, high-rise condominium towers, upscale dining, entertainment, shopping and luxury resort MGM City Center offers luxury high-rise condominiums, condo-hotel units, resort suites and a unique retail center. City Center offers The Harmon Hotel Spa and Residences, Vdara, Veer Towers, Aria Resort and Casino, Residences at Mandarin Oriental and The Crystals retail and entertainment complex. City Center has realized great success from local and international clientele who are looking for the finest amenities in luxury Las Vegas condominiums. Completion is scheduled for fall, 2009. Back to Top.
Downtown Las Vegas has experienced new growth with the renovation of the hotels and the development of high-rise condos offering an urban lifestyle. Newland Communities is the developer of the new Union Park development, which has generated new excitement for the downtown corridor. New government centers have opened in the past 5 years, surrounded by the new downtown redevelopment area. An integral part of the Las Vegas downtown revitalization has been the opening of the World Market Center, which will offer a total of 12 million square feet of market space. The $345 million Building marks another step in the World Market Center’s effort to shift the balance of professional furniture trading to Las Vegas. The World Market Center’s success has generated significant interest in the development of the World Jewelry Center. Commercial development includes the expansion of the Las Vegas Premium Outlets Mall, completion of the IRS building and construction of the Molaksy Corporate Center. Development is currently under way on the 61-acre Union Park. Expansion and renovation of downtown casinos, includes the Golden Nugget, Fitzgeralds and the El Cortez, as well as the establishment of Fremont East, located adjacent to the Fremont Experience. This entertainment district offers an eclectic mix of dining, entertainment venues targeting diverse economic and age groups. Creation of a new Courthouse District in the heart of downtown Las Vegas. Cultivation of incentive programs that help businesses grow and expand, including the Tax Increment Financing and the Visual Improvement Programs. Expansion of the Redevelopment Area in order to offer incentives to additional companies within a broader region. Back to Top.
Las Vegas has become a shopping mecca, with fine shops in the new Miracle Mile Shops, shops at Bellagio, Wynn Esplanade, Mandalay Place, The District at Green Valley Ranch, Fashion Show Mall, The Forum Shops and Grand Canal Shops at the Venetian. Residents and visitors will love the new shopping and entertainment centers at Town Square, now open, and Summerlin Centre, currently under construction.
SUMMERLIN CENTRE – this new 100 acre community center will include 1.2 million square feet of retail shopping, including four major department store anchors; up to 1.5 million square feet of office and commercial space, a 250 room, 11 story, four star hotel with conference facilities, 5,000 new residences that include single family homes and condominiums with street-level retail stores and restaurants; a central plaza and two Class A office buildings of five stories each, all of which are designed to attract businesses and corporations seeking an environment that combines the best of 2 worlds – both the suburban and urban lifestyles. The “Marketwalk” will offer pedestrian shelter and maximize comfort with outdoor gardens along the paseo. Summerlin Square will host public and civic events and is in the heart of the development. Back to Top.
TOWN SQUARE on the Las Vegas Strip recently opened, with 2 buildings, located south of the Strip, with 1.5 million square feet of retail space situated on 117 acres. The development offers visitors and residents a village style shopping, dining and entertainment experience that is the first of its kind in Las Vegas. Town Square will feature 150 shops, 12 restaurants, 350,000 square feet of Class A office space, a children’s center, and outdoor entertainment center featuring concerts, fashion shows and other special events. With access to I-215, Town Square is easily accessible from North Las Vegas, Henderson, McCarran Airport and the Las Vegas Strip. TOWN SQUARE has quickly become a popular family and visitor’s destination. Back to Top.
The residential market continues to expand, with new master planned communities. New villages and subdivisions in Summerlin, Lake Las Vegas, Southern Highlands, Mountain’s Edge, Henderson, Anthem, MacDonald Ranch, Aliante, Centennial Hills and other communities. Custom home sites have recently become available in Southern Highlands, The Ridges at Summerlin and Mac Donald Ranch, where buyers can select their own lot and build a custom home.
The luxury condominium market also continues to offer new developments of high-rise, mid-rise, Strip, urban, downtown and suburban mixed-use communities. MGM City Center, Newport Lofts, Manhattan West, Cosmopolitan, Trump Towers, Tivoli Village, Allure, are among the most popular luxury condominium choices of new Las Vegas home buyers. Although many condominium developments have cancelled, Las Vegas offers great choices for homeowners who prefer a more “urban” lifestyle in a strip, suburban or downtown condominium
Call or email today for your FREE Relocation Package! You can reach Las Vegas Properties at 1-888-876-8383 or terrilvp@cox.net. You can also find links to some great Las Vegas Resources by going to the Local Resources link from our website. We look forward to helping you in your search for Las Vegas real estate! |