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$25M home sale sets Las Vegas record

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A flagship home built by a luxury builder in the Henderson hilltop community of MacDonald Highlands broke Las Vegas’ all-time sales record for $ 25 million.

Luxury brokers monitoring the market said the buyer is Anthony Hsieh, the founder and chairman of LoanDepot, a California-based non-bank consumer mortgage lender across the country. Clark County’s records were not immediately available to describe the transaction, which closed late Friday afternoon.

Instead of taking ownership of the home immediately, Hsieh will lease it back to Blue Heron for use as a model home, said Tyler Jones, CEO and founder of Blue Heron. He said he didn’t know how long this would take, but it would “take quite a while”. The house was designed as an experience center for Blue Heron’s Custom Home Division.

“It was always the intent to use this to show what we are capable of and to provide ideas and inspiration for our customers,” said Jones.

Jones said Hsieh said he bought the house because he appreciated what “a work of art this house is”. He said Hsieh owns other special properties in California and elsewhere, and this is the newest piece in his collection.

The newly built three-story Blue Heron home surpassed the previous record of $ 17.55 million in 2016 when magician David Copperfield bought a house on Billionaires Row in Summerlin.

Kristen Routh-Silberman, a global real estate advisor for Synergy Sotheby’s International Realty, represented both the buyer and Blue Heron.

“I am grateful, grateful and humble that I broke the record,” said Routh-Silberman. “I had a team of superstars to make this happen, and all of the stars had to coordinate with each other to make this happen. While I am so passionate about buyers and sellers, I am deeply passionate about Las Vegas, the city of Henderson, and MacDonald Highlands. It is a great benefit for everyone. “

It’s been quite a month in Henderson. A 12,100-square-foot property in Ascaya sold for $ 14.69 million, the highest price ever paid for a single-family home in the city and the third-highest price ever paid for a single-family home in the history of the Las Vegas Valley.

Bespoke homes have been built in the valley for their owners at a cost of more than $ 25 million, but none have changed hands, at least publicly on the Las Vegas Realtors Association’s multiple listing service.

The new sale breaks the record that luxury agent Ivan Sher held with Berkshire Hathaway HomeServices, who represented buyers and sellers in the Copperfield purchase. This record sale was not part of the MLS.

“Kristen should be very proud of it,” said Sher. “It’s a great achievement. She earned it and worked really hard. I had that moment and I know what it feels like and it’s amazing. “

Sher said Las Vegas moved from a place where high-end luxury sales surged by $ 10 million to $ 12 million, then hit $ 15 million before hitting $ 17 million -Dollars went up. With this sale there is a new benchmark showing that luxury is changing in the city.

“It’s a big moment for Las Vegas real estate,” said Sher. “Suddenly we’re approaching some of these California coastal properties.”

Sher said he’s speaking to customers with $ 50 million to $ 100 million worth of Las Vegas homes that they plan to bring to market at some point.

Sher said some of the new homes being built at Summit Club in Summerlin, the new super-luxury resort community, are $ 70 million, $ 80 million, $ 100 million, and $ 120 million -Dollars will be, he said.

“It’s super exciting and there is a lot more to come,” said Sher. “Sales are a beacon of where luxury is going in the city.”

Jones and his design team designed the Vegas Modern 001 (VM001) in the exclusive Dragon Reserve of MacDonald Highlands with two gates.

“It’s 100 percent evolution,” said Jones. “The architecture of this house is an example of everything we do and an interpretation of how we think about how we approach all of our projects.”

“Vegas Modern is not a style,” said Jones. “It’s a thought process, an approach and a philosophy that is completely independent of style. This is about designing and building environments that are appropriate to our time and place. It’s about apartments that do justice to the social and human side of things as well as the climate and the environment. “

Located on an area of ​​1.26 hectares, the three-story modern mansion offers the latest technology, three bedrooms with en-suite bathrooms, including a master suite with an outdoor experience and the Sky Suite on the second level, which is accessible via a glass bridge. Each room offers views of the Las Vegas Strip, the mountains, and the surrounding countryside.

House amenities include an executive office casita, digital den, glass-enclosed wine cellar, sky bar and lounge on the upper level, billiards room on the second level, formal dining room with a private garden, powder room with a 10 m high ceiling, a craft room with a pet bath and feeding area and 5,000 square meters of outdoor deck area. The garage, which is customizable for up to 11 vehicles, has a TV and an electric vehicle charging station.

The entrance meanders through a canyon-style walkway while also offering a view of the entrance to the house. Along the way, a trickle begins early in the course, which develops into a predominant water feature at the entrance of the house. The waterway separates the main level living area from a private main wing.

A stone path leads from the house entrance through the waterway and draws attention outside to a view of the strip, which is perfectly framed by the walls of the house.

“This path to nowhere invites you to take a few more steps to experience the space,” Jones said from across the walkway across the water. “It’s about shaping this point of view and directing your eye and interest through the project to one of the most important concepts, the point of view.”

The large foyer features a three-story, illuminated floating staircase in front of a 31-foot ceiling. The distinctive foyer is what Jones calls one of the house’s incredible architectural moments.

The design of the great room on the main level is surrounded by water on three sides and combines a polished concrete floor, central fire pit, comfortable custom furniture, 90 inch large screen TV and 7 meter high ceilings overlooking the second level. Extensive pocket doors open the entire room to the outside.

“When that’s open, it’s really hard to tell what’s inside and what’s outside,” said Jones. “You get this great layer effect with plants, stone walls and water that gushes over the water element.”

The large room offers a clear view of the expansive digital cave and its 13½-foot LED display across another waterway on the west side of the room. Custom-made, structured stucco walls add to the visual appeal.

The kitchen is a chef’s paradise with linear kitchen islands, Wolf and Sub-Zero appliances, built-in touchscreens, and a covert catering kitchen with a hidden oversized pantry. The entire space is adjoined by a bespoke walnut top edible bar designed by Blue Heron’s Furnishings, a custom furniture design division of the company.

“Most of the furniture in this house is custom built specifically for this project,” said Jones, noting the company’s desire to provide turnkey houses to its customers. “Literally bring your toothbrush and clothes. You could have a party the day you move in because it’s a fully functional home. “

On the other side of the entrance is the private master retreat with meta-quartzite stone walls, a drinks bar and spacious walk-in closets. The meta-quartzite stone comes from the quarry in southern Vegas and provides the house with another connection to the region.

“It was important for us to choose a material to create the aesthetic that would be in line with the Mojave Desert and Vegas Modern philosophy,” said Jones.

When you enter the sleeping area, you have an unobstructed view of the Strip through the glass walls. The zero-edge water feature adjoining a bespoke bed contributes to the seamless connection of the home with nature.

“When you’re in bed, you are literally looking out over the water at the city,” said Jones. “It’s incredibly beautiful at night.”

The spa-like master bath serves as a relaxing retreat with a black bathtub, a vanity top with a waterfall edge with a retractable mirror, a walk-in shower, and stone accents. The layered design welcomes nature and creates a serene environment.

The Sky Suite on the second level, a second master, is reached via a glass bridge. The suite’s custom-made bed is bordered by a glass wall with a view of the Strip.

The personal area features custom furniture, a pull-out television, hardwood floors, a private deck, washer / dryer, and a bathroom with a large walk-in shower, bathtub, and vanity with a retractable mirror.

The billiard room on the second floor of the house has built-in sofas, comfortable furniture and a drinks bar. The space opens to a deck on the upper level with a cantilevered walkway that extends towards the Strip’s skyline.

The sky bar and lounge of the VM001 rises three levels above the main level and is designed as a space for social gatherings. Floor-to-ceiling windows give an unobstructed view and access to an outside terrace.

The house has innovative top energy technology. The property has one of the largest solar systems in Nevada. Two hundred solar panels are located on the numerous roofs of the property. It also has a breakthrough energy management system. In collaboration with Racepoint Energy, the system works with Savant home technology to optimize the generation and storage of energy through passive and active solar strategies. The result is the storage of excess energy in a large-scale battery storage system.

VM001 is the first of several planned Blue Heron flagship homes. Jones said his company was working to find a location for Vegas Modern 002.

“I think Vegas was not taken seriously in the design industry in the past,” said Jones. “The architecture in this house is a serious conversation about high quality design and building. I think Las Vegas deserves a lot of credit for what we do here. “

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The Commercial Real Estate Market in Vietnam 2021-2026 – Rising Demand for Quality Office and Retail Stock in Centralized Places, with the Hanoi CBD in Focus – ResearchAndMarkets.com

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DUBLIN – (BUSINESS WIRE) – The report “Commercial Real Estate Market in Vietnam – Growth, Trends, Impact of COVID-19 and Forecasts (2021-2026)” has been added ResearchAndMarkets.com to offer.

The Vietnam commercial real estate market is expected to have a CAGR of 14.89% over the forecast period 2021-2026.

Despite signs of cyclical slowdown, the outlook for Vietnam remains positive. Vietnam’s economy is growing rapidly, with laws encouraging foreigners to invest in its development. As a result, there has been a wave of high-end real estate developments in the country.

Improving the infrastructure to support the tourism industry, which has always been one of Vietnam’s priority investment areas, has catapulted the rise of many tourist cities in recent years. Local demand in Vietnam is also increasing as Vietnamese entrepreneurs look for investments to put their money into.

The long-term outlook for the commercial real estate sector is positive due to the continued good economic conditions in the country, supported by rising consumer spending and a strong tourism industry.

In commercial real estate, Vietnam’s hospitality sector is growing rapidly. By the end of the third quarter of 2019, an estimated 442 four- and five-star hotels were operating in Vietnam, providing 91,236 keys to the market.

In the office segment, the banking / insurance, industry and IT sectors are likely to drive demand, with co-working spaces growing particularly strongly.

In the retail segment, many new retail brands are starting or planning to establish stores in Vietnam to introduce new concepts in the local market that want to attract visitors and develop in the commercial space.

Major market trends

Growth trend in Vietnamese e-commerce and industrial real estate

The commercial real estate market in Vietnam is growing at a CAGR rate of 14.89%. Continuing the momentum of 2018, Vietnam welcomed nearly 13 million foreign visitors in the first nine months of 2019, up 10.8% year over year. In addition to the hospitality and hotel industries, Vietnam is now one of the fastest growing e-commerce markets in Southeast Asia. Amid the COVID pandemic, more and more consumers are choosing to shop online, which has increased the demand for cold stores for food and other essentials.

E-commerce requires three times as much storage space as traditional logistics activities. According to JLL, both domestic and overseas investors have turned their attention to health logistics as they will need more cold stores to meet the growing demand for temperature-sensitive products such as food, medicines and COVID-19 vaccines. In the retail sector, Ho Chi Minh City is expected to have over 200,000 m² of new retail space in both CBD and non-CBD areas by 2023, according to CBRE Vietnam. Categories such as F&B, Health & Beauty will be further expanded on the sales podiums.

Vietnam’s commercial real estate market has performed well and is expected to grow. While Samsung Electronics has a huge factory with an area of ​​67,088 m². in Ho Chi Minh City, Apple Inc. plans further expansion in the country. With Vietnam set to become the new manufacturing hub in Asia, the industrial real estate market has outperformed other commercial real estate sectors. In the first three quarters of 2020, almost 47% of all foreign direct investment (FDI) was in manufacturing.

Workplace real estate continues to grow in Vietnam

In 2020, an experiment on working from home took place around the world that showed that companies can continue to work effectively through the use of technology. But for many, the lack of face-to-face interaction has put teams under pressure, and while some of our clients expect to adopt flexible work practices in the future, for most, this will be the office too, which will remain the focal point for doing business. Coworking spaces are a segment of office real estate that is growing in Vietnam.

In the challenging phase of the first half of 2021, Toong, one of the first and largest coworking space chains in Vietnam, put new projects into operation. In March 2021, the first Toong station was officially put into operation in a strategic cooperation project with Wink Hotels in 75 Nguyen Binh Khiem, District 1 Class A and B. In 2020 and 2021, the number of co-working and serviced offices in Vietnam is expected to break through this number.

Competitive landscape

Commercial Real Estate in Vietnam has a medium market share concentration. International investors are also drawn to the Vietnamese market and want to invest in almost all segments from office to retail to high-end hotels. Developers are active in developing new hospitality products for sale, the most famous of which are Shophouse / Shop Villa in Phu Quoc and Ha Long.

In the hospitality real estate space, developers in Vietnam need to diversify their market by paying attention to the non-traditional market and employing professionals to manage their properties. Demand for high quality office and retail properties in centralized locations is increasing, with Hanoi CBD as a focus. The strength of the manufacturing and tourism sectors will keep the demand for retail, office and industrial units high.

Distinguished companies

  • Wine group

  • Dat Xanh group

  • FLC group

  • Toong

  • Nam Long investment company

  • Group of suns

  • Colliers International Vietnam

  • Savills Vietnam

  • CBRE Vietnam

  • JLL Vietnam

  • Vietnam house

  • Full house Vietnam

  • Luxstay

  • My tour

  • Vntrip

  • Ivivu and

  • Vietnam booking

  • Vincom JSC

  • Bitexco

  • Lilamaland

  • Phat Dat real estate

Please visit https://www.researchandmarkets.com/r/l1ftxv for more information on this report

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Texas commercial real estate market heats up ‘like nowhere else in the country’

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The nation’s largest commercial real estate convention resumed this week in Las Vegas for the first time since the pandemic began, and the glowing real estate market in Texas was in full swing.

More than 30,000 people – representatives of retailers, developers and landlords – attended the last regular conference of the International Council of Shopping Centers in May 2019. This year’s event was scaled down with around 10,000 people registered and everyone had to provide proof of vaccination.

“It’s great to be back. It’s definitely something to appreciate because face-to-face conversation is better than a video or zoom in to do business, ”said Joseph Ash, an investment sales broker at Kassin Sabbagh Realty, based in New York.

Dan Katz / Texas Public Radio.

Joseph Ash, an investment sales broker at Kassin Sabbagh Realty of New York City, at the International Council of Shopping Centers Conference on December 6, 2021.

Commercial real estate sales declined during the peak of the pandemic, but not as much as predicted, and rebounded significantly.

Indeed, according to data firm Real Capital Analytics, the third quarter of 2021 was the nation’s largest ever for commercial real estate sales – powered by apartment buildings, life science labs, and industrial real estate.

Ash recently brokered a $ 27 million warehouse business in El Paso.

“There are ten times more logistics properties under construction today than there was after the financial crisis,” said Justin Boyar, director of market analytics for the Houston office of commercial real estate information company CoStar. “We saw some very, very large portfolio trades, especially international investors, come to Texas to buy.”

Houston had the highest volume of commercial real estate transactions of any city in the country for the last quarter. Dallas came in 3rd.

“Nowhere else in the country is there such breakneck retail construction and retail demand as Houston and Dallas. When you have that much single family roof growth and we have a lot of land to build new homes, retail will follow, ”he said.

Dan Katz / Texas Public Radio

Kelley Mattlage, Chief Communications Officer of the East Montgomery County Improvement District, at the International Council of Shopping Centers conference in Las Vegas on December 6, 2021.

Several local business development agencies made their way to Las Vegas to court retailers.

“Companies have had time to think about what to do. Maybe they need to increase production. They may need to move their warehouse or distribution center. Maybe they need to go somewhere where the supply chain works a little better, where people are moving, where people are shopping, ”said Kelley Mattlage, chief communications officer for the East Montgomery County Improvement District.

Your county, northeast of Houston, has seen massive growth in recent years.

“Our number of students has increased by about 30% in the last five years. Usually it’s 3 to 5% or so. It was unbelievable how many people are moving here. “

Lynn Spencer, director of economic development for the city of Forney, said her community 20 miles east of Dallas wants to make sure residents have stores nearby to buy the things they need.

“We have a huge void considering that we (Forney) are the fastest growing city in the third fastest growing county in Texas. And we have a great need in a number of homes that are coming into our market that have over 100,000 people in our business park not to have retail stores so people will shop at all of these new homes, ”said Spencer.

IMG_4092.jpg

Dan Katz / Texas Public Radio

Lynne Spencer, Director of Economic Development for the City of Forney, poses for a photo with Board Member Fred Alexander at the International Council of Shopping Centers conference in Las Vegas on December 6, 2021.

Texas’s growth has not come without mounting pain for cities across the state, including rapid gentrification and price hikes for downtown residents.

In Austin, the city has positioned itself as an alternative for technology companies. In the past year alone, Apple expanded and Tesla and Oracle relocated.

“Tech was just an amazing driver in Austin, but the cost of living has just gone through the roof. Their average single family home prices are over $ 500,000, which is a lot in Texas. It’s closer to $ 300,000 in Houston and Dallas, ”Boyer said. “So I’ve heard stories of houses that got a dozen offers and sold 30% more year-over-year, and things like that in certain areas.”

Boyar said San Antonio, which is heavily reliant on tourism, was hit hard at the height of the pandemic, but is also one of the cities to recover the fastest in the tourism sector.

Otherwise, the growth in the Alamo City was steady.

“They have a strong military presence, some banking and financial services, and there is a big push in the cybersecurity sector,” he said. “I think we’re going to see a lot more growth in San Antonio pushing into the area between San Antonio and Austin.”

Boyar said Texas border communities – home to some of the busiest trading ports in the country – are also under attack by investors as the US steps up trade with Mexico and lifts COVID restrictions on the border.

He added that he believes Texas is at the center of the commercial real estate world.

“Everyone’s always talking about New York and California, but I think Texas will be the place,” said Joseph Ash of Kassin Sabbagh Realty. “The workforce is moving there, companies are moving there. For me it is the best state in the country. “

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10 actors with massive real estate portfolios

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(STACKER) – Famous actors seem to have it all – looks, wealth, talent, and prime real estate in beautiful locations around the world. Their homes have all the comforts and luxuries. For some stakeholders, however, real estate is more than an enviable property or mega villa, it is an investment that combines their love of home and entrepreneurship. These actors have turned their passion for prime real estate into a serious sideline.

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UpNest has compiled a list of 10 players with huge real estate portfolios using various news, entertainment and real estate sites. Including an Oscar-winning actor who rents his Palm Springs home for thousands of dollars a night to visitors who want a bit of glamor; a movie star with commercial properties including a well-known restaurant with multiple locations around the world; and two actresses who made a significant profit by selling multiple houses to other celebs.

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Whether they’re turning around or renovating, loving commercial or residential real estate, or owning real estate in this country or another, these actors have earned an enviable life outside of their respective businesses by investing in real estate – and they have the portfolios to do so prove.

1 / 10ROBYN BECK // Getty Images

Leonardo Dicaprio

The Oscar-winning actor is also a real estate giant with a diversified portfolio. DiCaprio bought his first home in the Silver Lake suburb of Los Angeles in the late 1990s for $ 769,500, which he listed for $ 1.7 million in 2018. The decorated performer also owns real estate in New York, California and abroad in Belize. One of a kind landlord, DiCaprio’s Rental, 432 Hermosa in Palm Springs, is a modern mid-century home formerly owned by singer and actress Dinah Shore, with daily prices starting at $ 3,750 per night with a two night minimum. One of DiCaprio’s most ambitious real estate projects, Blackadore Caye, an island in Belize, was bought with business partner Jeff Gram in 2005 and the actor plans to turn it into an eco-resort.

Steve Jennings // Getty Images

Oprah Winfrey

The multi-talented actress and media mogul is also a real estate tycoon who owns several homes. Her primary residence in Montecito, California is valued at more than $ 100 million and has multiple lots on 70 acres. In 2019, Winfrey bought actor Jeff Bridges’ property next to hers in Montecito. She owns homes in Maui, Colorado and Washington state. Winfrey’s real estate portfolio is estimated at $ 200 million, according to Celebrity Net Worth.

3 / 10Aurelien Meunier // Getty Images

Arnold Schwarzenegger

The “Terminator” star made a bold real estate investment early in his career when he bought an apartment building. The turn to real estate in the 1970s allowed Schwarzenegger to focus on his acting career, earning him his first million. The former California governor still owns much of the commercial properties he bought on Main Street in Santa Monica shortly after heavyweight real estate investor Albert Ehringer taught him the basics. Today he owns retail space, apartments and office buildings. His net worth is estimated at $ 400 million.

Emma McIntyre // Getty Images

David Charvet

The actor enjoyed success in the 1990s with roles in Baywatch and Melrose Place. Charvet continued his acting career but became interested in real estate while having a house built for his family in Malibu. In 2007, Charvet and his business partner Nathan Jones founded Jones Builders Group, a Los Angeles-based full-service developer and builder of luxury real estate. Charvet also acquired several investment properties. The company enabled him to develop his own house line known as Charvet Estates.

James Devaney // Getty Images

Ellen DeGeneres

Actress, comedian and talk show host Ellen DeGeneres is turning luxury real estate around and has acquired an entire real estate portfolio. Some of her most profitable flips are a Montecito, California, property she bought for over $ 7 million in 2017 and sold for $ 11 million less than a year later, and a 2014 flip that sold $ 15 million Brought in dollars. She and her wife Portia de Rossi have bought and sold more than 20 properties since 2003. DeGeneres’ first Flip was a Spanish bungalow in West Hollywood. “When I was making money, the first thing I bought was a house,” DeGeneres told Architectural Digest. She often buys other celebs’ homes, as she did in 2011 when she bought Brad Pitt’s Malibu home for $ 11 million and sold it a year later for a cool profit of $ 1 million.

James Devaney // Getty Images

Jennifer Aniston

In 2018, Jennifer Aniston told Architectural Digest, “If I weren’t an actress, I’d want to be a designer.” The “Friends” star doesn’t just buy real estate, she leaves everyone with her own signature. Her married home to Brad Pitt in Beverly Hills was purchased for $ 13.1 million and sold for $ 28 million with several additions to the estate, including a screening room, tennis court, and guest house. Another of her Beverly Hills mansions, Ohana, sold for $ 36 million, which made the actor a small fortune. The original purchase price was $ 13.5 million. Aniston also owns real estate in New York City, despite selling two Manhattan condos at a loss in 2012, proving that real estate definitely has its ups and downs.

Amy Sussman // Getty Images

Brad Pitt

Brad Pitt and Angelina Jolie have jointly owned several properties, including a French castle, a London estate, and a mansion in New Orleans. Pitt also invested in a Las Vegas casino with Rande Gerber (Cindy Crawford’s husband) and buddy and fellow actor George Clooney. The project never came to fruition, but the trio managed to sell the 25-acre property to Starwood Hotels and Resorts for $ 202 million after purchasing the land for $ 90 million. In 2016, Pitt wanted to open a resort in the city of Zablace, Croatia. He planned to start a proposed hotel, restaurant, and golf course that would be environmentally sustainable, but things didn’t go as planned and the resort never came to fruition.

8/10 Taylor Hill // Getty Images

Robert De Niro

In addition to owning residential properties in New York and London, Robert De Niro has also invested in commercial properties. The hard-working businessman is co-owner of Nobu restaurant with locations in Dubai, Los Angeles, New York, Moscow, Monte Carlo and London. Nobu isn’t De Niro’s only restaurant business, as it also owns the Tribeca Grill in New York City. De Niro is currently working on the Nobu Beach Inn on the small Caribbean island of Barbuda, which is expected to open in 2023 and offers villas with one to four bedrooms.

9/10 Christopher Polk // Getty Images

Diane Keaton

Oscar-winning actress Diane Keaton has a decade-long acting career, but she’s also a serious real estate runabout who buys, renovates, and sells homes. Her father, a real estate agent and engineer, was also interested in home renovation, and she may have learned a thing or two from him. Keaton’s houses have been featured many times in Architectural Digest, and the actor is known for selling houses to other celebrities. These include Ryan Murphy, who bought a Beverly Hills Spanish colonial revival from Keaton, and actress Christina Ricci, who bought the Samuel Novarro house, a Los Feliz landmark.https: //655c59ef100c495ea88ca98cc98685d6.safeframe.googlesyndication .com / safeframe / 1-0-38 / html / container.html

Michael Loccisano // Getty Images

Rupert Grint

Rupert Grint is no longer just Harry Potter’s buddy and best friend Ron Weasley, he’s worth millions. The actor has over $ 30 million worth of real estate portfolio that can be attributed to his three properties in Hitchin, Luton and others across England. The actor has not had the same level of success in the industry after his beloved role in the Harry Potter films, but has since developed a knack for buying property in the UK. This story originally appeared on UpNest and was produced and distributed in partnership with Stacker Studio.

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