Las Vegas Real Estate News

Drawn to Chinatown, L.V. developer skips suburbs for latest apartment project

A view of vacant land, formerly industrial property, near Spring Mountain Road and Valley View Boulevard on Monday, Jan. 25, 2016. Fore Property Co. has purchased 6.5 acres near Chinatown for a new apartment development.

Las Vegas developers are flooding the suburbs with apartment complexes, and largely avoiding the kind of site where Jonathan Fore is plotting his latest project. His vacant Chinatown-area property is in an urban neighborhood, right near auto-body shops, the Pussycats adult club and ...

28 January 2016
By Eli Segall

Q+A: KB Home CEO Jeffrey Mezger on slow recovery from housing bust

Visitors take time to view the models at a KB Home build during the Super Saturday at Inspirada on Saturday, October 4, 2014.

The market for new U.S. homes strengthened for much of 2015. At the same time, rising prices amid a dearth of available resale homes in ...

26 January 2016
By Alex Veiga, Associated Press

UNLV closes $50 million purchase of land for possible stadium

UNLV closed a $50 million deal to buy 42 acres of empty land along Tropicana Avenue and Koval Lane that could be used to build a stadium on campus. The sale was announced Wednesday, Jan. 20, 2016.

UNLV has closed the deal on 42 acres of empty land along Tropicana Avenue and Koval Lane that could be used to build a long-awaited stadium on campus. The sale was ...

20 January 2016
By Ian Whitaker

Seeking ranchland in Texas, where wealth is measured in acres

Hunting trophies and a Texas flag on a 1,600-acre ranch in Palestine, Texas, Jan. 14, 2016. A new Texas-only ranch fund will focus on buying $15 million to $20 million ranches from owners who want to sell quickly.

Jay Ellis, an investment fund founder, may be the only person in Texas who is giddy about collapsing oil prices ...

19 January 2016
By Sarah Max, New York Times News Service

Las Vegas land isn’t dirt cheap, but here’s why it isn’t selling like it once was

A damaged sign advertising land for sale sits near the southeast corner of Las Vegas Boulevard and Cactus Avenue on Friday, Jan. 8, 2016.

Las Vegas once was a hot spot for land speculators, who couldn’t get enough desert tracts to develop or flip to other investors. Sales evaporated with the recession and recovered a bit a few years ago. But today, the land business has ...

15 January 2016
By Eli Segall

In 2015, foreclosure filings climbed in Nevada, fell across U.S.

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

Nevada homeowners were slapped with a rising tally of foreclosure filings last year, bucking a nationwide drop as the state remained among ...

13 January 2016
By Eli Segall

Drugstores galore: Another CVS being built on the Las Vegas Strip

Construction continues on a CVS pharmacy on the Las Vegas Strip between Bally's and Paris Las Vegas Monday, Jan. 11, 2016.

The drugstore arms race on the Strip is ratcheting up another notch. Workers are building a CVS store in front of Bally’s. The two-story property is not expected to have ...

12 January 2016
By Eli Segall

Home prices dip to end stable year for Las Vegas market

Homes for sale are shown in the Villas at Black Mountain development near Horizon Ridge Parkway and Gibson Road in Henderson Wednesday, June 1, 2011.

Las Vegas’ resale housing market ended 2015 with mixed results, with a jump in monthly sales but a dip in prices, which had been flat since summer ...

7 January 2016
By Eli Segall

Q+A: Zillow economist explains why L.V. housing market hasn’t fully rebounded

In this Feb. 8, 2008, file photo, a for-sale sign stands in front of a bank-owned home in Las Vegas.

Zillow chief economist Svenja Gudell spoke with VEGAS INC this week about underwater homes, their impact on the market and ...

7 January 2016
By Eli Segall

Developer scoops up 38-acre IGT campus in southwest valley for $75M

An aerial view of the International Game Technology's 38-acre campus at 6355 S. Buffalo Drive.

Developer Doug Roberts is one of many investors building large industrial properties in the valley without tenants lined up. Now he’s got another big property to shop around ...

5 January 2016
By J.D. Morris,
Eli Segall

Westin Lake Las Vegas sells for 84 percent less than previous owners paid

A view of the Loews Lake Las Vegas in Henderson.

The Westin Lake Las Vegas hotel, which as a prior brand crashed financially along with the lavish community it’s built in, has a new landlord. The 493-room Henderson resort ...

22 December 2015
By Eli Segall

Analysis: In Las Vegas, the price of new home vs. resale is higher than average

Carpenters work on a home in the Ridges Las Vegas, a luxury residential community in Summerlin, Thursday, June 11, 2015.

Thinking about buying a new home in Las Vegas? Get ready for sticker shock. The gap between prices of new and resold homes is wider than the national average, which is a pain for homebuilders because ...

18 December 2015
By Eli Segall

After delays, Federal Justice Tower will open next month in downtown

A view of the Federal Justice Tower, right, an 11-story office building under construction on the southeast corner of Las Vegas Boulevard and Clark Avenue on Sunday, Dec. 13, 2015, in downtown Las Vegas. The Lloyd D. George Federal Courthouse is at left.

Daniel Bogden, Nevada’s top federal prosecutor, has been waiting to move his offices to the new Federal Justice Tower. The downtown office building is under construction across the street from his current office in ...

16 December 2015
By Eli Segall

Southern Nevada’s real estate industry being resurrected

A view of the former New Frontier casino site Tuesday, Nov. 3, 2015, on Las Vegas Boulevard South.

Las Vegas’ commercial real estate industry soared with the boom, collapsed with the bust, then was quiet for a few years. Today, business is picking up ...

14 December 2015
By Eli Segall

Q+A: Homebuilder in Rhodes Ranch, Tuscany discusses state of market

Don Boettcher, president for Century Communities' Nevada Division, smiles during an interview at the company's offices Monday, Nov. 30, 2015.

Homebuilder Don Boettcher recently spoke with VEGAS INC about Century Communities' developments, as well as the valley’s housing market and the go-go years when ...

11 December 2015
By Eli Segall
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