Las Vegas Real Estate News

4 found guilty in homeowner association fraud trial

A Nevada lawyer and three co-defendants have been found guilty of conspiracy and wire fraud in what a jury was told was a sweeping scheme to control homeowner associations and steer business to ...

18 March 2015
Associated Press

Comparing the hype: Citicorp then, Tesla now

An overview of the Citibank headquarters building opening on April 15, 1985.

Here’s what people said then, as Citicorp was being lured to Las Vegas, and recently, as Nevada was luring Tesla to build a massive battery plant in Reno, as shown in letters of support, legislative testimony, news articles and ...

17 March 2015
By Eli Segall

Now-vacant banking center at The Lakes once brought hope for Las Vegas economy

Citibank's former credit-card processing center, 8725 W. Sahara Ave., is shown Tuesday, March 10, 2015. The building is empty for the first time in three decades.

When the powerful out-of-state company looked to build a big facility in Nevada, there were high-fives all around. Backers said it would diversify the economy, pump in hundreds of technical jobs, lure other big business and improve the area’s image. The governor met with the CEO and, prodded to do whatever it takes, called ...

17 March 2015
By Eli Segall

Rebuilding years in Southern Nevada

A nine-story tower at the Gramercy, formerly called ManhattanWest, is imploded Feb. 15, 2015. The land is being considered for an office high-rise.

After the bubble and burst, Las Vegas’ commercial real estate industry is picking up again. Weak spots remain, but mothballed projects are being completed, warehouse construction is on the upswing, the bloated office vacancy rate slowly is improving, investors are buying shopping centers at a fast clip, and land sales are climbing ...

16 March 2015
By Eli Segall

Summerlin-area penthouse sells for a whopping $7.7 million

A view of the entrance to One Queensridge Place, a luxury condo development near Summerlin, Tuesday, Feb. 19, 2013.

A Canadian real estate executive and his wife bought a penthouse in the opulent One Queensridge Place towers, in what’s reported to be the most ...

11 March 2015
By Eli Segall

Las Vegas trend of homes on market with no offers seen as ‘troubling’

A vacant home is shown in North Las Vegas April 2, 2013. A neighbor said it has been vacant for about six months. (1513 Splinter Rock, North Las Vegas)

Las Vegas used-home prices rose last month, but industry pros are worried by the continued, “troubling” rise in ignored, overpriced listings.

10 March 2015
By Eli Segall

Real estate in Las Vegas: It makes great television

The Scotts in their Las Vegas home.

Las Vegas has been a major player in reality television for years, with shows about pawn shops, tattoo artists, hot rods, casinos, cage fighters, limo drivers and polygamists. Now another industry, synonymous with Las Vegas’ wild growth and economic collapse, is gaining more of the spotlight: real estate. Shows about house-flipping ...

10 March 2015
By Eli Segall

Report: House flipping in Las Vegas has scaled back but remains lucrative

Realtor Helen Riley and Fafie Moore, a Realty Executives owner/broker, leave a home being offered for sale in Henderson on Monday, April 8, 2013.

House flippers are slowing down in Las Vegas and making less money than investors nationally, but they’re still doing plenty of deals here and ...

26 February 2015
By Eli Segall

A tale of two ‘bargains’: One Las Vegas home sold for $8M, the other for $10K

A home at the Desert Garden condo complex, 1720 W. Bonanza Road, shown above on the right Monday, Feb. 23, 2015, sold for $10,000 in cash in 2014, the cheapest resale in the area last year. The estate at 99 Hawk Ridge Drive in Summerlin, left, sold for $8 million in cash in 2014, the most expensive resale in the area last year.

At the base of Las Vegas’ western mountain range, a mansion in the Ridges, one of the wealthiest and most exclusive areas of town, has a movie theater with a 15-foot screen, a fitness room, a 4,600-square-foot guest house and a sleek pool area fit for a boutique hotel.

25 February 2015
By Eli Segall

Analysis: Is construction-defect law stunting Nevada’s housing market?

An aerial view of a residential neighborhood in Las Vegas.

Las Vegas’ once-battered housing market has improved the past few years but remains riddled with problems such as foreclosures, underwater borrowers, flat wages and ...

20 February 2015
By Eli Segall

Las Vegas toasts goodbye to the Gramercy

The Gramercy real estate project implodes its nine-story residential tower Sunday, Feb. 15, 2015.

It was almost 7:30 in the morning, on a Sunday no less, but in Las Vegas, when a building is about to be imploded, it’s never too early for a bloody mary or a mimosa. Under tents, drinks were flowing today as a crowd watched the Gramercy’s residential tower, for years a visible scar of Las Vegas’ building bust, imploded with copper-clad plastic explosives and dynamite ...

15 February 2015
By Eli Segall

Lenders are back to putting squeeze on delinquent Nevada homeowners

The front door of a vacant home is shown in North Las Vegas, April 2, 2013.

After backing off for a while, banks ramped up the pressure on delinquent Nevada homeowners last month, seizing more homes and starting the foreclosure process on ...

11 February 2015
By Eli Segall

Las Vegas home market endures sluggish month

Home on 8228 Mt. Nido Drive.

Las Vegas’ housing market started the year with mixed results, as prices were up from a year ago but sales totals dropped.

10 February 2015
By Eli Segall

Economist brings national perspective to the Las Vegas housing market

Las Vegas, like much of the country, had a wild real estate boom last decade and a big bust with the recession. But things were more extreme here ...

6 February 2015
By Eli Segall

Las Vegas ranks high for ‘zombie’ foreclosures

A vacant HUD home is shown in North Las Vegas April 2, 2013. A neighbor said that it has been vacant for about two years. (1524 Gaber Court, North Las Vegas)

Las Vegas homeowners on the path to foreclosure pack up and leave more often than most struggling borrowers around the country. The Las Vegas area has a “zombie” foreclosure rate of ...

5 February 2015
By Eli Segall
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