Las Vegas housing prices shot past $400,000 on the resale market for the first time last month, raising concerns that many locals might get priced out as home values keep setting new all-time highs.
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.
CapRock Partners recently announced that it acquired nearly 21 acres in North Las Vegas for a three-building industrial complex spanning 441,554 square feet at Beesley Drive and Azure Avenue.
Howard Hughes Corp. is developing an office building next to Las Vegas Ballpark and 295 apartments nearby.
TruAmerica Multifamily announced that it acquired three apartment complexes in Florida, Utah and Las Vegas for $209 million combined.
A major casino landlord is buying another in a $17 billion-plus deal, putting the real estate ownership of many of Las Vegas’ biggest resorts under one company.
The Securities and Exchange Commission announced that it charged Vestin Mortgage owner Michael Shustek with defrauding investors.
Sunseeker Resort Charlotte Harbor is slated to feature around 500 hotel rooms and 180 extended-stay suites.
After going up in flames early last year, the home was listed for sale July 22, and six different investors made offers.
The Bascom Group recently announced that it purchased 93 units in Suncrest Townhomes, a duplex-style community in North Las Vegas, for $24.75 million.
The luxury home, up against the mountains on the far east side of the valley, is listed for a dollar under $4 million.
The deep-discount airline earned $95 million in second-quarter profit, compared with a $93.1 million loss during the same stretch last year.
An estimated 9.6 percent of the Las Vegas area’s workforce was unemployed last month, compared with 6.1 percent nationally.
Home prices in the Las Vegas area were up 15.5 percent year-over-year in May, compared with a gain of 16.6 percent nationwide, a new report shows.
Harsch Investment Properties recently announced that it started construction on a four-building complex at Sunset and Pecos roads.
Homebuilders reported 935 net sales — newly signed sales contracts minus cancellations — in Southern Nevada in June, the third consecutive month-to-month drop and the lowest tally of the year.
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