Friday, May 14, 2010 | 10:33 a.m.
Dear In Business Las Vegas readers,
On behalf of the Commercial Alliance Las Vegas, I can tell you that CALV and its members are playing an important role in helping commercial real estate professionals in Southern Nevada weather these trying times.
As you read this special section covering the retail sector of our industry, keep in mind that even a down market creates opportunities for someone. In this case, declining lease rates and building prices and recently declining but still historically high vacancy rates create opportunities for successful businesses to grow more rapidly. These conditions can also help good start-up businesses set up shop in places and spaces they may not have previously been able to afford.
For example, consider the successful ethnic and niche markets that are filling space vacated by national supermarket chains and other large retailers that pulled out of centers in more established parts of Las Vegas.
CALV is here to serve its members and the industry regardless of market conditions. An alliance of the area’s top commercial real estate professionals, CALV is a leading source for commercial real estate information. It owns and operates a constantly expanding database and property listing service for the local industry featuring tens of thousands of property listings, tax records and more. The nonprofit CALV system is locally owned and operated with data and services created for its local members by local members.
I’m especially proud that most of the top commercial brokerage firms in Southern Nevada are now participating in CALV and sharing vital information throughout this highly competitive industry.
CALV is the commercial real estate division of the Greater Las Vegas Association of Realtors. It organizes and empowers the industry in Southern Nevada through education, networking, promoting professionalism and shaping public policy.
Full CALV membership costs $50 per month and includes access to all information on the system, along with many other member benefits. Membership in CALV is open to Realtors and non-Realtors alike. For more information, visit www.calv.org.