D.R.’s purchase in Logandale comes amid rising land and house prices in the Las Vegas Valley and, according to one builder, an uptick in home construction in the Moapa Valley.
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 home prices are rising at one of the fastest clips in the country, with builders fetching record dollar amounts and resale values approaching prior highs.
Las Vegas’ tourism agency plans to buy and bulldoze a run-down retail center and a decades-old apartment complex off the north Strip.
Bridge Investment Group acquired the 336-unit Estates at Westernaire, 3975 N. Nellis Blvd., for $29.9 million, according to an announcement Friday from brokerage firm NorthMarq Multifamily.
Las Vegas is one of the most popular places in America to flip houses, even though investors can earn a lot more money elsewhere. And slowly, it seems, they’re catching on to that.
Developer Lyon Living acquired The Gramercy’s two four-story apartment buildings and 12.6 acres of vacant land and parking lots. The $45.75 million purchase closed May 31, property records show.
Summerlin is one of the most popular places to live in Las Vegas, and as any homebuilder can tell you, buying land there isn’t cheap.
Las Vegas house prices have climbed fast and could reach their pre-recession peak later this year, a new report says.
Alpha Wave Investors announced Tuesday that it acquired the 144-unit Cypress Springs rental complex and that it plans to make around $1.7 million worth of upgrades and improvements.
Las Vegas’ housing market is gaining speed with fast-rising prices and increased construction. And as Lawrence Yun sees it, prices won’t tumble anytime soon, and builders need to build more to boost inventory.
Torrance, California-based Partner Engineering and Science announced last month that it acquired risk management company NevadaConstruction Services.
Casino owner Derek Stevens has added to his downtown real estate holdings. Stevens acquired the 11-story office building at 302 E. Carson Ave. and its adjacent parking garage for $39.7 million, property records show.
Seven or eight years ago, Las Vegas’ housing market was all but dead. Today it’s reached the most heated levels in years.
Three builders have teamed up to buy more than 600 acres – and by all accounts, it’s the largest single purchase of a housing site in years.
With renters filling apartments, buyers can’t get enough. Investors bought five Las Vegas Valley apartment complexes for $260 million combined between May 18-29.