PHOENIX—The DTZ Arizona team of managing directors Ryan Schubert and Michael Hackett has closed four substantial shopping center sales in the past 45 days—all in Las Vegas.
Hackett tells GlobeSt.com, “The market in Las Vegas is getting significantly better. It was slower to recover, but employment is going up, gaming is going up—not in huge strides, but definitely in the right direction. It has not traded this actively since the recession.”
“One asset went to an institutional buyer, one property went to an off-shore buyer and two were out of state buyers . So here we have every sector of the market locating to Nevada,” says Schubert.
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