The Las Vegas housing market defied logic in 2020, but at least one thing mirrored prior years: The gap between the most- and least-expensive house sales was enormous.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
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Plans call for 1,343 residential units, around 240,000 square feet of commercial space, and underground parking.
Las Vegas was turned upside down by the coronavirus pandemic in 2020, and the real estate market was not spared the turmoil. But there were still some notable transactions this year.
The Henderson City Council approved a resolution formalizing its intent to sell nearly 9 acres of city-owned land on St. Rose Parkway to Anthony Marnell III.
With plans for an extreme sports park dead on the drawing board, its former project site in Las Vegas is now up for grabs.
Buoyed by shrunken borrowing costs, Las Vegas’ housing market has reached new heights multiple times during the pandemic.
But Derek Stevens’ project, Circa, opened its casino, restaurants and year-round pool complex in downtown Las Vegas on Wednesday. Its 777-room hotel tower is scheduled to debut at year’s end.
The new record shouldn’t be much of a shock, given the market’s surprising performance in an otherwise dreadful economy.
Developer Bob Schulman has opened another rental property crammed with amenities at a time when the coronavirus pandemic has battered Las Vegas’ economy and cast a shadow over the rental market.
Clark County commissioners on Sept. 2 denied Josh Kearney’s request for an extension of the approvals on his planned $800 million attraction south of the Strip.
Atlanta-based homebuilder Beazer Homes bought a tract of land during the bubble days in Indian Springs, a quiet, pint-sized community, and filed plans to build a subdivision.
The Herbst family, operators of the Terrible Herbst gas station chain, has drawn up plans for a five-story, 208-room nongaming hotel as well as retail and restaurant space in Jean.
Investor Wayne Perry is taking ownership of the site of SkyVue, an unfinished eyesore across from Mandalay Bay. No word yet from the Seattle-area businessman on what plans may hold for the Las Vegas Strip land.
In the early 1960s, with gamblers rolling the dice at the Dunes and the Stardust, Irwin Molasky made a different sort of wager: that people would move in droves to a stylish, resort-like community.