Despite signs of a pullback in Las Vegas’ housing market, four local communities were in the top 25 nationally for builders’ sales last year.
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.
Investors are always buying, selling, building — and, if things go south, facing lawsuits and other problems. With the year almost done, here is my list of Las Vegas’ top 10 real estate deals of 2018.
The Knights aren’t as dominant on the ice this season, but there is still plenty of excitement for desert hockey.
Sprouts Farmers Market is opening another Las Vegas location next year.
Barring some “major surprise,” builders this year will close more than 10,000 sales for the first time since 2008, Home Builders Research President Andrew Smith and founder Dennis Smith wrote in Monday’s report.
Southern Nevada prices were up 12.8 percent year-over-year in October, compared to a 5.5 percent bump nationally, according to the S&P CoreLogic Case-Shiller index released Wednesday.
CES, the world’s largest consumer tech show, is coming into Las Vegas Jan. 8, and is expected to bring in more than 180,000 visitors. Attraction businesses across the valley are preparing to see swings in the number of visitors.
The Cheyenne Commons strip mall looks like any other around Las Vegas, and same goes for the apartment complex next door, The Grove.
Las Vegas apartment rents are ending 2018 rising fast, but amid steeper prices and increased construction, vacancies are ticking higher.
Here’s a look at the five most expensive high-rise condo sales of the year, as reported by the GLVAR. Most were in the Waldorf Astoria Las Vegas, formerly the Mandarin Oriental , and one of the buyers was Switch founder Rob Roy .
Investors bought cheap houses in Las Vegas in bulk to turn into rentals after the market crashed last decade. As of this summer, big landlords were still holding on to their properties despite fast-rising sales prices and the tremendous growth in home values since the economy cratered.
Around 7,000 single-family homes were on the market without offers at the end of November, up a jaw-dropping 54 percent from a year earlier and the highest level in two years, according to Greater Las Vegas Association of Realtors data, which the trade group pulls from its resale-heavy listing service.
The deal amounts to more than $281,800 per unit, more than double the market average as tracked by Colliers International. The price-per-door might also be a record for local garden-style apartments, said listing broker Taylor Sims of Cushman Wakefield.
After the baseball team’s new name and logo were unveiled Saturday, Howard Hughes CEO David Weinreb spoke with the Las Vegas Review-Journal about real estate in Summerlin , Las Vegas’ largest master-planned community at 22,500 acres.
What do you do with a failing mall like Primm’s? Someone could buy it and try to fill it with retailers, gut it for another use entirely or, in true Vegas style, implode it to build something else. For now, the mall will likely keep limping along.