Southern Nevada’s apartment market heated up over the past several years with a flood of new projects and lucrative investor purchases.
Real Estate Insider
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
esegall@reviewjournal.com … @eli_segall on Twitter. 702-383-0342
Blackstone’s latest deal means it will be the landlord for MGM Resorts’ top three money-makers on the Strip.
It’s anyone’s guess what will happen with Las Vegas’ housing market in 2020.
With 2019 behind us, here are the top 10 real estate deals of the year in Las Vegas, as ranked by Review-Journal real estate reporter Eli Segall.
Land parcels for two Las Vegas projects that fell victim to the Great Recession now are expected to be developed.
The long-empty store has been resurrected, but other big-boxes in Las Vegas still are collecting dust.
So-called distressed sales — purchases at foreclosure auctions and sales of foreclosed or underwater homes — account for just 3.3 percent of resales in the valley this year.
Almost two years after it announced the purchase, Wynn Resorts does not have a plan for the former Alon site.
Multiple revival plans for the Huntridge Theater have come and gone over the years. A new plan by a developer buying the historic venue includes adding other projects at the property.
The market has slowed considerably this year, after a heated run in 2018 sparked affordability concerns. The cooling, at least in theory, could help jumpstart home sales.
Developer Sam Cherry is building his first residential complex since the boom days — a four-story apartment complex in downtown Las Vegas’ Arts District.
Breaking the old record more than 13 years after it was set is more symbolic than anything: It underscores just how high the market had soared, how badly it crashed, and how long the road to recovery has been.
New York investors have spent billions on Las Vegas real estate in recent years, including a recently announced a half-billion-dollar deal to purchase the Rio from Caesars Entertainment Corp.
The New York financial giant, said to be eyeing deal for Bellagio and MGM Grand, is a major buyer of Las Vegas real estate, including The Cosmopolitan of Las Vegas and the World Market Center.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
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