December 18, 2017
If there was ever an opportune time to purchase a home in Las Vegas, it’s now. While the economy and housing market are never guaranteed, growing buzz and tangible data are proving Las Vegas to be the nation’s No. 1 market for real estate in 2018, according to a recently released report by realtor.com. And a particularly bright spotlight shines on downtown Las Vegas, which continues to lure more businesses, entrepreneurs and residents that recognize the affordability, lifestyle and location found within communities such as Juhl, a 344-residence, loft-style community in downtown Las Vegas known for its flexible floor plans and industrial chic design aesthetic.
“Generally, gold is considered to be more sought-after than silver, but when comparing the homebuying markets of California — The Golden State — with Nevada — The Silver State — silver easily takes the win,” said Uri Vaknin, a partner at KRE Capital LLC, whose company, in partnership with Dune Real Estate Partners, purchased The Ogden in 2013 as DK Las Vegas.
“Not only are we seeing Californians uproot their lives for our city’s unrivaled 24/7 entertainment and dining, cost of living and less traffic congestion, they are choosing Las Vegas for their ability to get more for their dollar, especially when it comes to buying a home. At Juhl, we offer more than just exclusivity in our floor plans. Our residents love being within walking distance of the rich history, culture and dining scene unique to downtown Las Vegas.”
Just last fall, Saundra de Montaño and Jordi Montaño-Carrera, real estate professionals originally from the Bay Area, purchased three residences at Juhl for its location, urban lifestyle and views. The couple was previously investing in Northern California homes, but they shared that, as time went on, they realized it was becoming more difficult to purchase there due to climbing prices.
“We saw great potential for our professional growth and a new, exciting lifestyle in Las Vegas and specifically, a lot of promise with Juhl and the vibrant city that surrounds it,” Saundra said.
According to realtor.com, Las Vegas is expected to grow about 8.7 percent in 2018, nearly 2 percentage points more than the rest of the top 100 markets. Much of the optimism surrounding the anticipated success is attributed to the financial crisis of the late 2000s and the foreclosures that followed, proving that there is light at the end of a once dark tunnel.
The Standard &Poor’s CoreLogic Case-Shiller national home price index released last month also revealed Las Vegas home prices rose 6.2 percent in September from a year earlier, the largest gain since June 2014 — more evidence that Las Vegas homes are in demand. With Juhl studios starting in the high $100,000s, pricing remains highly competitive, and buyers are encouraged to explore the community now, while residences are still available and interest rates are low.
“We are excited to be at the epicenter of such wonderful changes taking place in our city and are thrilled more folks are seeing the benefits of buying at Juhl,” Vaknin said.
“And the addition of professional sports teams like the NHL’s Vegas Golden Knights, the NFL’s Raiders, which will soon move to the city, and the recently announced acquisition of the WNBA’s San Antonio Stars is creating tons of excitement and is truly elevating Las Vegas to world-class city status.
We’ve always had the best in dining, entertainment, gaming and shopping, and now we have professional sports.”
Juhl is an urban destination and a popular residential choice for professionals and entrepreneurs, especially many who work at firms and courthouses throughout downtown’s expansive legal community. Juhl encompasses multiple buildings, including a high-rise, mid-rise, brownstones, live/work spaces, retail spaces and a warehouse style loft building. Many of its residences can be customized via 130 unique floor plan configurations, including many that are one of a kind within the property. Homes at Juhl range from 600-square-foot studios starting in the high $100,000s to 1,965-square-foot penthouses priced in the low $900,000s.
Recently remodeled, Juhl boasts an upgraded resort-style pool with cabanas, lobby and co-op working spaces that cater to its professional residents. Hallmarks of Juhl include flexible floor plans, large terraces and floor-to-ceiling windows that maximize natural light. Private balconies, 10-foot ceilings, energy-efficient design and details, exposed concrete surfaces and mechanicals and upgraded fixtures and surfaces all combine to create Juhl’s cool urban vibe.
Amenities include an al fresco movie theatre; two-story fitness center with pool and Strip views; 10th-floor vino deck with Strip views, resort-style pool with cabanas, spa and fire pit; 24-hour security; Wi-Fi in common areas; gated parking structure with assigned resident parking and electric vehicle charging station; co-op working space that caters to professional residents; and full-service concierge.
A summer kitchen, called Canvas Grill, is the perfect spot for warm weather entertaining. And a nearby urban garden plot exclusively for use by Juhl residents makes it possible to grow fresh herbs and vegetables. Juhl even has its own lifestyle director, who creates social events and experiences for residents to meet their neighbors in casual, relaxed and fun settings.