Allegiant Air’s parent is burning through at least $2 million in cash per day and hundreds of workers are taking two-month leave at half pay as the carrier grapples with the fallout from the coronavirus pandemic.
Eli Segall joined the Review-Journal in August 2016 after covering real estate and other business topics for four years at the Las Vegas Sun. He also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. Segall has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. His awards include 2017 Story of the Year from the Nevada Press Association.
Las Vegas house prices hit a record high again last month, but the pipeline of sales shrank as the coronavirus pandemic wreaked havoc on the economy.
A third worker at the Resorts World Las Vegas project has tested positive for COVID-19, the developer confirmed Monday, saying construction is expected to continue amid policies that seek to “minimize the risk of transmission.”
The economy is in crisis again because of the coronavirus pandemic — but foreclosures are on pause, stopping what could have been an avalanche of repos.
An emergency order by Gov. Steve Sisolak does not give tenants and homeowners a green light to live for free.
The group will monitor safety protocols at job sites, collect data on workforce and safety personnel, and assemble teams that could be dispersed to build field hospitals and convert hotels or housing into hospital overflow units, according to a news release.
The Madison Square Garden Co. planned to complete the Las Vegas entertainment venue at The Venetian in 2021.
With Las Vegas largely at a standstill over fears of the new coronavirus, the real estate market is bound to take a hit. But for now, construction is still chugging along.
After booking a huge windfall shielding himself from stock market chaos, hedge fund operator Bill Ackman is upping his stake in Summerlin developer Howard Hughes Corp. by half a billion dollars.
Nevada is one of several states that have allowed construction to continue during the coronavirus pandemic.
The area where the worker had been assigned, and the surrounding vicinity, has been “shut down and is being sanitized immediately” and will remain closed until April 1.
House-flipping companies that ventured to Las Vegas and other cities the past few years have shelved buying homes because of the new coronavirus.
All told, hundreds of thousands of Nevadans work in industries now rocked by sweeping closures – and that doesn’t account for all the people in other sectors that feed off them.
With fears of the coronavirus upending daily life in Las Vegas and across the U.S., the homebuilding market, like other industries, faces a scary stretch ahead.
Las Vegas’ housing market faces risky terrain and sales could tumble as Southern Nevada shuts down to contain the new coronavirus, real estate pros say.