Las Vegas Real Estate News

Investment group buys 39 units at suburban condo complex

Park House, a three-story, 83-unit condo complex on Flamingo Road, between Durango Drive and Fort Apache Road, in the southwest valley.

Nearly six months after buying dozens of condo units in a Strip high-rise, a San Diego investment group is laying a similar bet in the Las Vegas suburbs. Pathfinder Partners has purchased 39 units in ...

10 March 2016
By Eli Segall

Q+A: Las Vegas homebuilder Canarelli hasn’t let hard knocks bring him down

Larry Canarelli, president of American West Homebuilding Group.

Larry Canarelli spent his childhood in poverty, living in a tent alongside a river, in an orphanage and in shacks. But he’s long had an entrepreneurial bent and a strength for numbers. And over the course of more than 30 years, he’s built a Las Vegas homebuilding empire by ...

9 March 2016
By Eli Segall

Sales of previously owned homes take off in February

Sales of previously owned homes take off in February

Las Vegas used-home sales shot up last month from January as prices largely stayed flat again. Buyers picked up 2,112 single-family homes in ...

7 March 2016
By Eli Segall

County mulls another bid to legalize short-term home rentals

County mulls another bid to legalize short-term home rentals

What’s the difference between a short-term rental and a party house? The conversation has surfaced again, with a group lobbying for ...

3 March 2016
By Jackie Valley

Howard Hughes Corp. report: Price per acre in Summerlin rose to $542K in 2015

A look at the Belmonte development off South Fox Hill Drive in Summerlin on May, 14, 2015. Summerlin land prices rose in 2015 to $542,000 in 2015.

Summerlin land sales kept sliding last year as the price of dirt climbed higher. Developer Howard Hughes Corp. sold ...

1 March 2016
By Eli Segall

Las Vegas banker: ‘We’re not recession-proof’

John Guedry, the new chairman of the Las Vegas Metro Chamber of Commerce, is also with Bank of Nevada on Thursday, January 28, 2016.

Chairman of Las Vegas Metro Chamber of Commerce executive committee explains why leaders from business and education arenas must work together.

29 February 2016
By Julie Ann Formoso

Stuck in neutral: Faraday Future hasn’t sparked land sales at Apex park

A sign advertises industrial land near Interstate 15 and Highway 93, north of Las Vegas Wednesday, Feb. 17, 2016. Electric car start-up Faraday Future plans to build a $1 billion auto plant in the Apex Industrial Park.

If all goes as planned, Faraday Future's arrival would usher in thousands of jobs and possibly attract other development to the isolated industrial park. But so far, Faraday’s widely cheered site selection hasn’t sparked a ...

24 February 2016
By Eli Segall

Nevada housing market starts year as a national foreclosure leader

A foreclosed home is shown in a neighborhood near Tenaya Way and Russell Road Thursday, June 25, 2015.

Nevada’s housing market started the year on a familiar note, with one of the highest foreclosure rates in the country. One in every 603 homes statewide received a foreclosure-related filing in January, up ...

19 February 2016
By Eli Segall

Henderson’s luxury Domain apartments sell for $58.2 million

An interior view of a model home at Domain apartment complex, 831 Coronado Center Drive, in Henderson.

Houston real estate tycoon Gerald Hines is laying another bet on Southern Nevada. His namesake company has bought the upscale, 308-unit Domain apartment complex in Henderson for $58.2 million. The sale, by Domain developer Martin Egbert of Nevada West …

19 February 2016
By Eli Segall

This Queensridge home is crowned the king of clicks by Zillow

A view of a home at 9511 Kings Gate Court in the Queensridge community near Summerlin.

Las Vegas housing remains a hot commodity nationally, at least if you go by page views on a well-known real estate site. A nearly $10 million home at ...

12 February 2016
By Ricardo Torres-Cortez

Slow comeback from recession leaves Pahrump with lots of wide open spaces

A look at the current state of Cottage Groves Estates on Cottage Grove Way and Spruce Lane on Friday, Feb. 5, 2016, in Pahrump.

As is the case with Las Vegas, Pahrump’s economy is on the mend. But, overall, the homebuilding industry remains noticeably slower across the Nye County border than ...

12 February 2016
By Eli Segall

Las Vegas’ sizable inventory of vacant homes continues to shrink

A high-end home is shown in the northwest part of the valley Dec. 9, 2015. The vacant home, now listed for sale, was be used by squatters police and neighbors say.

Las Vegas’ inventory of vacant homes is shrinking but remains above the national average. Some 2.1 percent of Clark County homes — or 13,364 properties — are empty, compared to ...

10 February 2016
By Eli Segall

MGM Resorts announces board members for real estate investment trust

An exterior view of the Mirage Thursday, Feb. 26, 2015.

MGM Resorts International today revealed the names of seven people who will sit on the board of its planned real estate investment trust. The board of the trust, commonly known as a REIT, will be ...

8 February 2016
By J.D. Morris

Investor interest in Las Vegas homes continues to drop

Realtors Robin Camacho, right, and her son Jordan Camacho, center, look through one of the main rooms of a home for sale with John Bergeson of Los Angeles, Aug. 24, 2010 in Las Vegas.

In another sign that housing investors are clearing out of Las Vegas, such buyers picked up a larger share of homes nationally than in Southern Nevada in 2015 ...

3 February 2016
By Eli Segall

CVS site on Las Vegas Strip available at steep price

A view of the CVS Pharmacy in Sky Las Vegas tower, 2700 Las Vegas Boulevard South, Thursday, Jan. 28, 2016. The pharmacy has been listed for sale.

In the latest effort to make millions from the Strip’s lucrative drugstore sector, a CVS has hit the market with a big price tag. Capital Square Realty Advisors is trying to sell ...

29 January 2016
By Eli Segall
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