Las Vegas’ jobless rate moved lower in February but remained well above other areas of Nevada.
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.
The biggest jump in Las Vegas housing prices, 20 percent, was in the area around Sahara Avenue and Jones Boulevard, data shows.
Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.
The city of Las Vegas wants to sell its nine-story office building at 333 N. Rancho Drive, saying it has an appraised value above $17 million.
Nevada recovered more jobs last month as it continues the trek back from sky-high unemployment in the pandemic’s early days.
Southern Nevada homebuilders last month saw the most sales activity in well over a decade.
Developer Steve Witkoff and Howard Lorber, chief executive of cigarette maker Vector Group, are looking to raise $250 million for a yet-to-be-determined real estate tech venture.
Construction crews are grading land, installing underground utilities and doing other work for Haas Automation’s 2.5 million-square-foot plant south of Henderson Executive Airport, a project manager said.
The SLS Las Vegas opened with much fanfare in 2014 but quickly spiraled downward. Now, a few miles away, Las Vegas’ newest renovated resort figures it’s starting out on stronger footing.
An estimated 9.9 percent of the valley’s workforce was unemployed in January. Only one other metro area with a population of at least 1 million has a higher unemployment rate.
Richard “Boz” Bosworth, president and CEO of Virgin Hotels Las Vegas’ ownership group, spoke with the Review-Journal about the purchase of the hotel, the renovations and the pandemic.
A Florida investor acquired the former Montevista Hospital in Las Vegas and plans to reopen it as Desert Winds Hospital.
Las Vegas’ jobless rate has fallen below double digits for the first time since the pandemic shut off much of the economy a year ago.
A furniture chain hopes to break ground this year on a “megastore” next to Ikea in the southwest Las Vegas Valley.
The COVID-19 pandemic marks the second time in a decade that Southern Nevada was among the hardest hit by a global economic crisis, though its recovery could be shorter this time.