Real Estate

Bought out of foreclosure, Searchlight airpark could become a draw for RC enthusiasts

Shrubs grow from cracks in the Searchlight Airport runway Sunday, Sept. 28, 2014, in Searchlight.

Bill and Joan Turnbull of Seattle bought the roughly 40-acre property — off U.S. 95 at the southern edge of Searchlight, about 60 miles south of Las Vegas — out of foreclosure for $400,000. They don’t have “hard and fast plans” for the property but are thinking of ...

Homes with character: See some of Las Vegas’ most famous — and infamous — houses

A look inside Lefty Rosenthal's house for sale on 972 Vegas Valley Drive.

Las Vegas is notorious for not honoring its history — a reputation that has become cemented in videos of casino implosions — but the city's past can still be ...

As ‘green pools’ decrease, officials urge vigilance against mosquito breeding grounds

Phil Bondurant, a senior environmental health specialist with the Southern Nevada Health District, checks the pool after putting mosquito fish into the swimming pool of a foreclosed home in Henderson.

In an unlikely indicator of the valley's continued economic rebound, the number of stagnant, mosquito-infested green pools around Clark County has dropped significantly for the second year in a row, according to numbers released today ...

Commercial real estate is slowly making a comeback, but banks are being more cautious

Construction continues on a medical project being financed by Meadows Bank on June 19, 2015 in Las Vegas. The project site is on Wigwam Avenue just east of Eastern Avenue.

Southern Nevada’s banks have drastically cut back on construction and development lending since the market tanked. They’ve boosted profits and overall lending, but when it comes to real estate development, bankers aren’t opening the vault nearly as often as they did during the go-go years last decade ...

Salon’s business model: Empower professionals to work for themselves

Sola Salons are stand-alone suites where stylists, manicurists, estheticians, massage therapists and others can rent space without feeling like someone else’s employees.

As a new concept in salon ownership, it took some time and creative marketing to help salon professionals understand how Sola is different from a traditional salon. Elegantly furnished, individually-sized stand-alone salon suites allow them to be their own boss ...

Guest column: Commercial real estate is rebounding

Companies no longer are struggling just to survive but again are invested in nurturing and growing the commercial real estate and development community in Southern Nevada. For the first time since the recession, NAIOP Southern Nevada, the Commercial Real Estate Association, has a growing membership base ...

Guest column: What you should know about CRE law

Compared with other states such as California, Nevada doesn’t have many laws regulating commercial real estate. But if you are involved in commercial real estate in Nevada, you need to know these laws and understand how they could affect your business ...

Vision for Alon Las Vegas, resort on former New Frontier site, is filed with county

Casino mogul James Packer's group has filed plans with Clark County for a Strip resort known as Alon Las Vegas. A photo of a rendering of Alon, taken Friday, June 26, 2015, is shown above.

Plans filed with Clark County late last month show a two-tower, 1,100-room project called Alon Las Vegas to be built on the 34.6-acre site just north of Fashion Show mall ...

New-home prices, sales and permits up this year in Southern Nevada

A view of model homes in a Ryland Homes subdivision at Buffalo and Diablo drives in the southwest valley Sunday, April 5, 2015.

Las Vegas homebuilders are gaining speed with rising sales, prices and construction plans, a new report shows. Builders sold 527 new homes in Southern Nevada last month, bringing the year’s total to 2,360, a year-to-year ...

Home repossessions are rising as banks start to clear out foreclosure backlog

A foreclosed home on Airview Court, in a neighborhood near Tenaya Way and Russell Road, is shown Thursday, June 25, 2015.

Lenders are ramping up foreclosures in Southern Nevada, seizing homes that in many cases likely have been in default — and possibly empty and in disrepair — for a considerable ...

Luxury-home construction may not be booming, but it is bouncing back

Workers put in a pool for a home in the Ridges, a luxury residential community in Summerlin, Thursday, June 11, 2015.

Azure, a luxury, gated community within a luxury, guard-gated community, is walking distance from a golf course and nestled outside Red Rock Canyon, with hills and mountains practically in its backyard. And now, it’s packed with work crews building mansions ...

‘Zombie’ foreclosures in the Las Vegas Valley are up 16 percent this year

A home on East Sun Valley Drive in Las Vegas is vacant and in foreclosure Thursday, Dec. 15, 2011.

About 34 percent of valley homes in the foreclosure process but not yet bank-owned have been vacated by their owners. That means there is more property-ditching in ...

Pre-owned home prices up 8.3 percent in May from 2014

Sale winds: A Henderson home is advertised for sale on July 13, 2009.

Las Vegas pre-owned home prices dipped in May from the previous month but were higher than the same time a year ago, a new report shows. The median sales price ...

Henderson mansion available for rent — for the price of a car each month

The house at 1703 Tangiers Drive in MacDonald Highlands is available for rent for $18,000 per month.

Built on a hillside, the Henderson mansion has marble flooring, a movie theater, an elevator and a wine cellar, along with replica sections of the Sistine Chapel's paintings on the walls. If it were for sale, the three-story estate would ...

Broker gets FAA approval to use drone to take real estate photos

Real estate broker Jeff Galindo plans to use his Phantom 2 Vision+ quadcopter, an updated version of the Phantom 2 Vision drone pictured here, to take real estate photos for commercial purposes.

Across Southern Nevada, homes listed online usually have a slideshow of photos — some good-quality, some not — showing the yards, bedrooms, kitchen, garage and other areas of the house. Real estate broker Jeff Galindo wants to spruce up such marketing pitches — with the help of a drone. Galindo, of Simply Vegas, obtained Federal Aviation Administration approval in mid-April to use a small, unmanned aircraft system for commercial purposes. He’s one of a growing number of people ...