Builders logged 848 net sales in October, the lowest monthly tally since November 2020, though buyer traffic “has remained steady.”
Eli Segall
Reporter: Real estate
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
X: @eli_segall
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.
More than 30 years after executives outlined their vision for Summerlin, the massive community commands some of the highest home and land prices in Southern Nevada and remains one of the top-selling spots in the nation for homebuilders.
Visitor volume remains below pre-pandemic levels, but investors are betting big that Las Vegas is back on track.
A ceremonial groundbreaking was held this week for Tapestry Inc.’s new fulfillment center off Interstate 15 near Las Vegas Motor Speedway. It will span more than 788,000 square feet.
The 265-unit project is slated to feature a 10,000-square-foot clubhouse and apartments ranging from 617 to 1,320 square feet.
A Las Vegas real estate investor has broken ground on a medical office project about a mile from Summerlin Hospital Medical Center.
Foresight Companies held a ceremonial groundbreaking Monday for Lake Mead West Apartments, a 156-unit complex, scheduled to be finished in spring 2023.
Florida developer Jeffrey Soffer aims to open the towering resort in 2023, after initially breaking ground in 2007.
Crews are digging trenches, building rebar cages and doing other work for Narrative, located just south of the 215 Beltway between Durango and Buffalo drives in the southwest valley.
Panattoni Development Co. filed a concept plan review for a venture called Project Breezy.
The company owns six undeveloped sites and likes the idea of “essentially doubling the size of our current operating platform here in Las Vegas.”
The median sales price of previously owned single-family houses was a record $410,000 last month, up 20.5 percent from October of last year.
Don Ahern, owner of Ahern Rentals, purchased a nine-story office building for $17.5 million.
SB Real Estate Partners announced that it acquired The Russell, a 241-unit property in the southwest valley.
American Nevada Co. and Warmington Properties were scheduled to hold a ceremonial groundbreaking Tuesday morning for Sync, a 203-unit rental project off Aliante Parkway and the 215 Beltway in North Las Vegas.