Review-Journal real estate reporter Eli Segall speaks with Renee Summerour about a California developer’s plan to help revamp the south Las Vegas Strip. (Renee Summerour/Las Vegas Review-Journal)
A few months after the Blackstone Group bought the Bellagio for more than $4 billion, it has partnered with MGM Resorts on a deal to acquire two other Las Vegas Strip properties. (Michael Quine/Las Vegas Review-Journal)
A your of the Palms Place penthouse that was sold for $12.5 million and is available for renters mid Nov. 2019. (Elizabeth Brumley/Las Vegas Review-journal)
The median sales price of previously owned single-family homes – the bulk of the market – was $310,000 in September. Before the economy crashed last decade, prices peaked in June 2006 at $315,000, according to the Greater Las Vegas Association of Realtors.(Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Golden Knights goalie Marc-Andre Fleury has put his custom Southern Highlands home on the market for $2.5 million. The single-story home, built on a .63-acre lot in 2015, measures 5,285 square feet and has a 717-square-foot casita and three-car garage. It has five bedrooms and six baths. Fleury bought the home from former NHL player and fellow Canadian Sheldon Souray, according to public records. When he signed his three-year, $25M contract extension over the summer, Fleury told the media he and his family love Las Vegas and cited its great schools and neighborhoods with a lot of things for kids to do. Fleury said he and his family love their home in Southern Highlands, but wanted to be “closer to the Summerlin area.” Home photos courtesy of Ivan Sher Group
Golden Knights goalie Marc-Andre Fleury has put his custom Southern Highlands home on the market for $2.5 million. The single-story home, built on a .63-acre lot in 2015, measures 5,285 square feet and has a 717-square-foot casita and three-car garage. It has five bedrooms and six baths. Fleury bought the home from former NHL player and fellow Canadian Sheldon Souray, according to public records. When he signed his three-year, $25M contract extension over the summer, Fleury told the media he and his family love Las Vegas and cited its great schools and neighborhoods with a lot of things for kids to do. Fleury said he and his family love their home in Southern Highlands, but wanted to be “closer to the Summerlin area.” Home photos courtesy of Ivan Sher Group
On Rainbow Boulevard at Cheyenne Avenue, a strip mall and the apartment complex next door reflect the state of things in commercial real estate. The strip mall, Cheyenne Commons, was foreclosed on last year and has plenty of tenants but also several vacancies. The neighboring apartment complex, The Grove, has soared in value. It sold for $34.5 million in November, after trading for $19.5 million just two years ago.
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That’s roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
At $10.5 million, the property at 8101 O’Bannon Drive is in the top five most expensive homes in the Las Vegas Valley. (Rachel Aston/Las Vegas Review-Journal)
The Nobu Hotel, located inside Caesars Palace, has a luxury villa that will cost you $35,000 a night. (Mat Luschek/Las Vegas Review-Journal)
Toll Brothers purchased of 128 acres of property near Mesa Park Drive and Town Center Drive will be used for a housing development. (Michael Quine/Las Vegas Review-Journal)
Real Estate reporter Eli Segall sits down with Las Vegas Division President for Pardee Homes, Klif Andrews to discuss the latest with residential construction.
Las Vegas home prices are rising at one of the fastest rates in the country, availability has plunged, and homebuilders are fetching record prices. Applied Analysis co-owner Brian Gordon speaks about this and more, including which parts of the valley have the fastest-rising and overall highest prices, and the housing market’s strengths and weaknesses.
Overlooking the second hole of the Rio Secco golf course within the community of Marquis Seven Hills is a modern masterpiece of light and architectural artistry. Designed by the award-winning Blue Heron design team, the home known as The Aurora Estate adorns the likes of the most noteworthy LED displays and lighting projects from around the world. XLED Systems founder and mastermind behind the world-renowned Freemont Street Experience, Hong Kong’s Disneyland Storybook Theater and the larger-than-life concert stages of Justin Bieber, Keith Urban and the Foo Fighters (to name a few)—brings light and magic to the hills of this private and highly desirable gated community. The combination of the 133” custom HD/LED Digital Display, 150+ interior/exterior lights and 34 indoor/outdoor surround sound speakers bring a unique ambiance and entertainment level to the home. Other spectacular bonus features include a 1,200 SQFT pool, therapy spa, wet step lounge, $100K+ full Crestron system in-sync with Amazon’s Alexa, 9 security cameras and panic room.
The underground house at 3970 Spencer Street is one of the valley’s most unusual homes built 26 feet underground in 1978 by Girard “Jerry” B. Henderson, who, planned to survive the end of the world there.
Las Vegas Review-Journal real estate reporter Eli Segall says flipping houses has waned in popularity after the housing bubble burst.
Mitch McClellan and John McDonough talk about their property in Southern Highlands.
Real Estate Millions: 20 Vintage Valley Drive, Southern Highlands
A retail and office project with a movie theater is planned across the street from IKEA. The southwest Las Vegas project, called The Bend, would bring entertainment and shops to a fast-growing area. Its name is a spin on The Curve, a failed mixed-use project that was supposed to be built across the street. Many people in real estate refer to this area as “the curve,” as the 215 Beltway curves here. J Dapper, a developer of The Bend
Real Estate Millions host Susan Kocab visits a $7.7M home in Ascaya, a luxury residential community in Henderson.
Roma and Alan Haynes have been married for almost 40 years and bought seven homes in Las Vegas. A look at these serial buyers and why they made their most recent purchase.
Wednesday morning headlines: Fontainebleau sold, prostitution spike on Mayweather-McGregor fight weekend, Legacy Golf Course to stay open. Elaine Wilson/Las Vegas Review-Journal
1. A woman died Tuesday after she was run over by a semitrailer. A Walgreens-branded semi was turning into a Walgreens parking lot at about 11:45 last night when it ran over the woman, who was either in a chair or a bed roll on the sidewalk. The woman died at Sunrise Hospital shortly after.
2. Las Vegas home sales are continuing to surge. The median sales price of April closings jumped 3.4 percent last year to $336,000. New home closings in Clark County from January to April are up almost 40 percent from the same period last year.
3. And a 26-year-old Henderson woman was arrested on a murder charge in connection with her mother’s death. Police say Carly Kalbfleisch called 911 around 12:20 pm Tuesday to report a domestic violence incident involving her mother. When officers arrived, they found the mother dead inside with multiple unspecified injuries. Kalbfleisch is being held without bail at Henderson detention center.
Skye Canyon, the city’s newest master plan, recently had it’s grand opening, welcoming thousands
of Las Vegas residents to explore new homes and a large collection of amenities.