Las Vegas Real Estate News

House-flipping slows in Nevada, is more lucrative elsewhere

A view of the main entrance to a foreclosure home in Summerlin Thursday, Aug. 4, 2011. Scott and Aimie Yancey are negotiating to buy the home for their television show "Flipping Vegas."

House-flipping comprises a bigger share of the real estate market in Nevada than in almost every other state, a new report shows, but the investment tactic is becoming ...

5 August 2015
By Eli Segall

Bank, nonprofit show gratitude to Las Vegas veteran

Joe Gutierrez cuts into a celebratory cake after he and his family got a look inside their new home, built for them by Chase Bank and the nonprofit group Building Homes for Heroes.

Building Homes for Heroes, a nonprofit group that partners with Chase Bank to give honorably discharged, injured veterans free homes, provided a renovated two-story house to the Gutierrez family ...

2 August 2015
By Brianna Santiago

Las Vegas ranked last in report on large cities’ housing market health

An aerial view of a neighborhood in the southwest part of the Las Vegas Valley taken from a helicopter May 21, 2012.

Las Vegas’ housing industry is stronger today than it was after the economy collapsed, but it’s still bogged down by an array of problems — and according to a new report, it’s the unhealthiest market in America. Personal-finance website WalletHub ...

29 July 2015
By Eli Segall

With Ikea building, a major project finally sprouts at Sunset and Durango

A view of construction on the Ikea Las Vegas on Tuesday, July 28, 2015, at Durango Drive and Sunset Road. The store is expected to open next summer.

When Ikea was in talks to buy a big piece of land in Las Vegas, executives wanted to keep it hush-hush. They even gave the deal a code name in honor of Nevada: “Project Silver.” “I named it myself,” Ikea spokesman Joseph Roth said. Ikea, the popular ...

29 July 2015
By Eli Segall

Several federal agencies own, oversee large parts of Nevada

Several federal agencies own, oversee large parts of Nevada

This month, President Barack Obama designated 700,000 acres in southeastern Nevada as the Basin and Range National Monument, fulfilling a longtime goal of ally Sen. Harry Reid. Basin and Range is the second national monument designated in Nevada in the past year, joining the Tule Springs Fossil Bed near Las Vegas. But often lost in the debate is that multiple federal agencies own the land, and do so for different reasons. Here’s a guide to who owns what and why ...

27 July 2015
By Conor Shine

With luxury complex, homebuilder making leap to Las Vegas’ apartment market

StoryBook Homes is planning to build an apartment complex at the northwest corner of Grand Canyon Drive and Tropicana Avenue, as seen Sunday, July 19, 2015.

The partially built site at Tropicana Avenue and Grand Canyon Drive was supposed to have pricey condos years ago, but previous owners lost the project, dubbed the Mercer, to foreclosure during the recession ...

24 July 2015
By Eli Segall

Home purchases by investors in Las Vegas now on par with national rate

A view of a neighborhood with three-story homes in Las Vegas, April 4, 2013.

Institutional investors — those who purchase at least 10 homes annually — bought 1.9 percent of homes sold in the Las Vegas area in the first half of the year. That’s down from ...

22 July 2015
By Eli Segall

Gordon Silver’s move leaves Hughes Center with swanky, 54,000-square-foot vacancy

The Gordon Silver law firm has moved into an office building at 500 N. Rainbow Blvd., as seen Saturday, July 18, 2015.

With stone flooring, glass conference-room walls, a private stairwell and a lounge with ventilation that sucked the cigar fumes from the room, the high-rise headquarters of law firm Gordon Silver conveyed a message of success. It cost a lot to look that good and live that large. But Gordon Silver, hollowed out by waves of defections this year, has moved across town, leaving a gaping hole in ...

22 July 2015
By Eli Segall

Despite hurdles, 2015 has been kind to Southern Nevada homebuilders

A sign is shown at a Ryland Homes subdivision at Buffalo and Diablo drives in the Southwest valley Sunday, April 5, 2015.

Local builders sold 633 new homes last month, bringing the year’s total to 2,993, up 10.7 percent from the same period in 2014, according to Las Vegas-based Home Builders Research ...

20 July 2015
By Eli Segall

Property owners displaced by Project Neon hold out for more compensation

Land on a section of Western Avenue in Las Vegas is needed for widening of I-15 and the addition of a new ramp to the Spaghetti Bowl to connect the I-15 express lanes directly to the high-occupancy vehicle lanes on U.S. 95.

An industrially zoned dirt lot next to the noisy I-15 may not seem like prime real estate, but in the context of Project Neon, a multibillion-dollar overhaul of 3.7 miles of ...

20 July 2015
By Adelaide Chen,
Cy Ryan

Marketing campaign aims to boost lagging Dot Vegas registration

The .vegas top-level domain was launched in September 2014 and has registered about 15,000 domain names.

Of the 15,000 .vegas websites purchased, about 80 percent of registrants are in the Las Vegas area. Not all .vegas domain purchasers, though, have motives related to marketing or commerce. Danny Ballard, who runs Fat Beard LLC, a web development firm, encourages clients to claim .vegas domains to protect their brand names from cybersquatters. And some larger companies have registered .vegas domain names. Google, for example, is the registered owner of google.vegas, and software company Atari Inc. is the owner of atari.vegas ...

20 July 2015
By Daniel Rothberg

Firm buys out partner in The District at Green Valley Ranch

The District at Green Valley Ranch in Henderson.

Almost four years after buying the District at Green Valley Ranch out of foreclosure, a Phoenix real estate firm has bought out its partner on the deal, paying far more than the duo originally spent. Vestar has paid $120 million to ...

16 July 2015
By Eli Segall

Signs point to healthier resale housing market in Las Vegas

A house is shown for sale in Henderson.

Two types of buyers in particular are fueling the uptick in sales totals: those who went through a foreclosure or short sale years ago and for a long time couldn’t get a mortgage, and those who were beat out by the investors who flooded the valley for housing deals that ...

16 July 2015
By Eli Segall

Navigating the permitting process in Southern Nevada

Navigating the permitting process in Southern Nevada

The county recommends homeowners choose a licensed contractor to do the work and handle the permit. But for homeowners who have the expertise to handle the project themselves, here is a look at the process ...

13 July 2015
By Brian Deka

Q+A: Houses popping up at long-dormant Skye Canyon development on valley’s northwest edge

Construction continues on the Skye Canyon development in Las Vegas on Thursday, July 9, 2015.

In the midst of the real estate bubble, developer John Ritter led a group that paid more than half a billion dollars for sprawling desert land in the upper northwest corner of Las Vegas, with plans for a massive community. But he never built a thing and ...

10 July 2015
By Eli Segall
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