Las Vegas builders posted a sharp drop in house sales last month, though buyers picked up a rising tally of less-expensive condos and townhomes, a new report shows.
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.
Its exit from bankruptcy opens a new chapter for the nonprofit retailer and career-services organization, which filed for Chapter 11 after an aggressive expansion and hefty bond sale, and after it fell behind on its rent at most stores.
Don Ahern’s purchase breathes new life into a boutique resort that closed less than two years after it opened — perhaps the fastest demise of a Las Vegas hotel-casino in decades — and drew tremendous interest from prospective buyers.
During the mid-2000s bubble, a developer set out to build a luxury condo tower where Eclipse Theaters now stands — and if he had followed through, it could have been a financial disaster.
After years of marrying couples from around the country and the world, A Little White Wedding Chapel, located at 1301 Las Vegas Blvd. South, is now up for sale.
At least one business near the Raiders stadium is already cashing in on the project.
Eclipse is still open and showing movies. But its financial and legal woes show the eight-screen, 72,000-square-foot theater has had a rocky ride.
The median sales price of single-family homes last month was $300,000, the first time it reached that level since September, according to a new reportfrom the Greater Las Vegas Association of Realtors.
A Las Vegas real estate firm has finished a Seattle high-rise that was left as a giant hole in the ground by its now-imprisoned former developer.
Eric Cohen is part of a wave of developers who have flooded the Las Vegas suburbs with new apartments in recent years. For one of his newest projects, however, he’s building in a markedly different location: an office park near the Strip.
Jim Rhodes, founder of Harmony Homes, recently listed his 2-acre Las Vegas spread for almost $30 million. At that price, according to the listing on Zillow, the estimated mortgage payment is $116,995 per month.
Las Vegas-based Allegiant Travel Co. said Wednesday that it earned $41.4 million in net income in the three months ending Dec. 31, down 50.4 percent from the same period in 2017.
Some 67,900 people worked in the Las Vegas-area construction industry in December, up 8.8 percent from a year earlier, according to a report Tuesday from the Associated General Contractors of America.
Southern California architect Christopher Mercier, in town this week for the Las Vegas Market furniture and home-decor expo, gave a presentation Tuesday at the convention. He spoke with the Las Vegas Review-Journal afterward about the local architectural landscape.
Oak Residential Partners announced last week that it bought the 124-unit Madison at Black Mountain rental complex in Henderson.
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