A Southern California real estate firm has picked up three apartment complexes in Las Vegas for more than $70 million combined.
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.
Las Vegas-area home prices were 30 percent to 34 percent overvalued in the first quarter, highest among the 50 most-populated metro areas in the nation, according to Fitch Ratings.
San Diego developer Lansing Companies recently closed a land purchase for a community called Prado Ranch.
More than 3,500 single-family homes changed hands last month in Southern Nevada, according to a new report from trade association Las Vegas Realtors.
Las Vegas Boulevard is known for its towering hotel-casinos, though several miles south of the tourist corridor, closer to the M Resort, the street is lined with sprawling tracts of desert.
Las Vegas’ CityCenter — once touted as a future “urban metropolis” — has had a mixed history, but has weathered its ups and downs well.
Nearly 87 percent of previously owned single-family homes that sold in May had been on the market for 30 days or less, up from about 64 percent of the house sales in January.
Developers of a sprawling North Las Vegas industrial park have broken ground on the latest building after landing tenants for the first batch of space.
MGM Resorts International has reached another multibillion-dollar sale-leaseback deal with New York financial giant The Blackstone Group, this time for the Aria and Vdara resorts.
Las Vegas’ jobless rate has shrunk dramatically since the early chaos of the pandemic but still second highest among 51 large metro areas.
Las Vegas-based Union Gaming says it has raised $28 billion in capital and worked on $2 billion worth of mergers and acquisitions.
Builders reported 1,085 net sales in Southern Nevada in May, the second consecutive month-to-month drop and the lowest tally this year.
Kingsbarn Capital Development has acquired 6.1 acres in Carson City and plans to break ground on a 140-unit apartment complex.
Observers have said the north Strip property could initially siphon guests from competitors but also boost tourism overall to Las Vegas.
Anthony Hsieh, founder of mortgage firm LoanDepot, bought a newly built mansion in the Henderson foothills.