Las Vegas Real Estate News

Final part of Showcase Mall on Strip sold for $83 million

Investors have bought another chunk of Showcase Mall on the Strip, acquiring the southern-most section, whose retailers include Grand Canyon Experience, for roughly $83 million.

It took them more than a year, but a group of New Yorkers have completed their nearly $370 million buyout of Showcase Mall on the Strip. Jordache jeans founders the Nakash family and real estate investor Eli Gindi recently purchased the roughly 42,000-square-foot section of Showcase, which is known for ...

9 December 2015
By Eli Segall

Report: Used-home prices flat, sales down

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 used-home prices were flat again last month as buyers drastically cut back on purchases, amid a months-long slowdown in deals, a new report shows. The median sales price ...

7 December 2015
By Eli Segall

Developer spending millions to halt decay in Las Vegas’ Huntridge area

The Huntridge Shopping Center, 1120 E. Charleston Blvd.

Las Vegas investor J Dapper plans to spend a few million dollars to revive a collection of downtrodden properties clustered around the intersection of Maryland Parkway and Charleston Boulevard. And he’s hoping ...

25 November 2015
By Eli Segall

Site of stalled SkyVue observation wheel for sale on the south Strip

A view of the SkyVue project across from Mandalay Bay on Monday, Nov. 23, 2015, on Las Vegas Boulevard South. The project was to be the site of an observation wheel.

After the recession clobbered Las Vegas, real estate investor Howard Bulloch still had big plans for the south Strip, landing approvals to build an amusement park and breaking ground on a 500-foot observation wheel across from Mandalay Bay. “Every airplane that flies in and out of Vegas will fly past that wheel,” he said in spring 2012. Months later, however ...

24 November 2015
By Eli Segall

Report: Troubles in housing market remain like ‘unwanted house guest’

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

Las Vegas builders sold the fewest homes and pulled the fewest permits in months in October, a new report shows. And while business this year remains above ...

23 November 2015
By Eli Segall

Easier in the ’burbs: Why residential development hasn’t taken off downtown

The abandoned Travelers Motel on Fremont Street on Tuesday, Nov. 17, 2015, downtown. One of the barriers to development downtown is the price of land.

Developer Eric Cohen spent a lot of time trying to figure out downtown’s housing market and whether he could pull off an apartment project there. His company moved to former bakery Holsum Lofts, immersing itself in the neighborhood as Cohen looked into possible deals. Today, he and partner Doug Eisner are building sprawling apartment complexes around the valley, but nothing downtown. And their company ...

19 November 2015
By Eli Segall

Suburban Las Vegas office tower sells for $18.25 million

The eight-story Bank of America building off Rainbow Boulevard, near the U.S. 95-Summerlin Parkway interchange, as seen Tuesday, Nov. 17, 2015.

One of the few office towers in the Las Vegas suburbs has changed hands again, and its price keeps dropping. The eight-story Bank of America building off Rainbow ...

17 November 2015
By Eli Segall

Q+A: Convenient location adds luster to Cadence master-planned community

A look at construction happening at Cadence master-planned community in Henderson on October 23, 2015.

When Mark Paris was helping develop Summerlin, a newspaper headline at the time dubbed newly opened Summerlin Parkway the “freeway to nowhere.” Paris now leads ...

10 November 2015
By Eli Segall

Las Vegas man says mortgage firm, Bank of America defrauded him

Michael Bondi poses near a Bank of America branch in Henderson Monday, Nov. 2, 2015. Bondi has a federal lawsuit pending against Bank of America and Nationstar Mortgage.

Michael Bondi contends he's being pressed to repay a home loan that was written off. In a lawsuit against Bank of America and Nationstar Mortgage, the Las Vegas resident claims ...

10 November 2015
By Julie Ann Formoso

Las Vegas home resale prices stagnant in October but surge on the year

Fafie Moore, left, a Realty Executives owner/broker, and realtor Helen Riley look over a home being offered for sale in Henderson April 8, 2013.

Las Vegas resale housing prices stayed flat last month and sales volume slid again, but both were higher than a year ago ...

9 November 2015
By Eli Segall

Tips and tricks to avoid common renovation mishaps

Eric Camacho works on a tile floor at a Christopher Homes construction site Thursday, June 11, 2015, in the Ridges Las Vegas, a luxury residential community in Summerlin.

Home improvement projects can be fun: Upgrade your space. Redo your look. Fix a nagging problem. But, as many of us know, they also can be a nightmare, with flaky contractors, repairs gone awry and overblown budgets. Do you tackle a project yourself or hire a professional? How do you find the right contractor for the job? And how do you ensure that you don’t fall victim to a scam? Here’s a guide to help you navigate the potentially dicey waters of home repairs. ...

9 November 2015
By The Sunday Staff

Investors still see value in flipping homes in Las Vegas

Scott Yancey, from A&E’s “Flipping Vegas,” does a walk-through to see the progress of one of their remodeling projects on Tuesday Nov. 26, 2013.

House flippers aren't giving up on Las Vegas, even though profits are sliding here and rising elsewhere. Flipping accounted for 8.7 percent of home sales in Southern Nevada in ...

28 October 2015
By Eli Segall

Investors buy Summerlin health-club building for $51 million

Investors recently purchased the 143,000-square-foot Life Time Athletic club building at 10721 W. Charleston Blvd.

The sales price was the highest nationally this year for a freestanding, single-tenant retail building, according to Faris Lee Investments broker Patrick Luther, who represented ...

20 October 2015
By Eli Segall

Las Vegas’ foreclosure rate rises to No. 2 in the nation, report says

A foreclosed home is seen Thursday, April 28, 2011.

Las Vegas’ foreclosure activity ramped up last month, making the valley one of the hardest-hit areas in the country, a new report shows. One in every 480 homes in Southern Nevada ...

16 October 2015
By Eli Segall

Las Vegas still ranks among nation’s worst for share of vacant houses

The front door of a vacant home is shown in North Las Vegas, April 2, 2013.

In a sign that abandoned homes still blight Southern Nevada neighborhoods, Las Vegas has a larger share of vacant houses than most U.S. cities and a bigger percentage of homes whose ...

8 October 2015
By Eli Segall
« Older Newer »