Keller Williams buys new home
As published in Las Vegas Review Journal
Keller Williams Southern Nevada has a new office building.
The real estate brokerage spent $3.1 million on a 15,224-square-foot space at 10424 S. Eastern Ave.
TMC Financing provided $1.3 million through an Small Business Administration 504 loan for the buy. Bank of America covered the rest of the loan.
Jaime Velez, operating partner of Keller Williams Southern Nevada, said the company needed more space to handle growing sales volumes. The brokerage is on track to post 30 percent more sales in 2014 than it experienced in 2013; it ended the third quarter with $163 million in sales, and should surpass $200 million by the end of the year, Velez said.
Keller Williams Southern Nevada doubled its space with the new building, which is designed to accommodate the brokerage’s growth for several years.
“With the Las Vegas real estate market expected to continue its recovery over the next two years, we are looking forward to a stabilization that will lead to new growth opportunities,” Velez said.