The Calida Group has drawn up plans for two projects totaling around 450 rental homes in Henderson’s Cadence community.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
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Sales in the luxury community have accelerated alongside Southern Nevada’s broader housing market.
Lone Star Funds, former owner of the site along Las Vegas Boulevard, obtained county approval in 2012 for a 7 million-square-foot project.
Nearly 87 percent of previously owned single-family homes that sold in May had been on the market for 30 days or less, up from about 64 percent of the house sales in January.
After three Las Vegas casino-resorts debuted during the pandemic, no others are officially scheduled to open anytime soon.
Coming out of the Great Recession, various plans to build massive hotels, complete an unfinished skyscraper, and construct an arena on the north Strip have produced hardly any visible results.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Fueled by cheap money, housing markets across the country have accelerated with rapid sales and rising prices.
Longtime developer Bob Schulman wants to build another upscale rental project, right near Southern Nevada’s newest high-profile residents: the Raiders.
Real estate pros point out that there are key differences between today’s hot streak and the doomed housing market frenzy of a decade-and-a-half ago.
Executives said on a conference call with analysts that Station plans to develop a casino on its 71-acre parcel near Ikea.
Las Vegas developer Brett Torino is acquiring 2 acres in CityCenter after building Harmon Corner across the street.
The north Strip megaresort will feature 3,500 rooms, more than 40 food and beverage spots, 250,000 square feet of meeting space, and 117,000 square feet of casino space.
After the pandemic turned Las Vegas Boulevard into a ghost town for a while, the fallout from the outbreak has, for the most part, not been kind to the roadway’s real estate market.
Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.