Las Vegas Real Estate News

Report: Rising prices a drag on new-home sales

Las Vegas Strip casinos can be seen behind new home construction Wednesday, July 30, 2014, in Summerlin.

Las Vegas homebuilders are stuck in the doldrums as buyers continue to shy away from hefty price tags, a new report shows. Local builders sold 530 new homes in August, bringing this year’s total to ...

24 September 2014
By Eli Segall

Long-planned Henderson health care complex poised to break ground

Developers of Union Village, the proposed $1.2 billion hospital-retail-residential project on Galleria Drive at U.S. 95 in Henderson, plan to hold a ceremonial groundbreaking Oct. 8. Above, workers install fencing around the project site on Monday, Sept. 22, 2014.

Developers of a colossal Henderson health care project, years behind schedule, say they’re making progress on their plans and getting ready to build. Invitations have gone out to political leaders and businesspeople to attend a ceremonial groundbreaking Oct. 8 of Union Village, the proposed $1.2 billion ...

24 September 2014
By Eli Segall

State high court ruling favors HOAs over banks on home seizures

A foreclosed home is shown in the Silverado neighborhood of Las Vegas.

Nevada’s highest court has upheld a law that lets homeowners associations foreclose on houses ahead of mortgage lenders, even if HOAs are owed a fraction of what ...

18 September 2014
By Eli Segall

Allegiant CEO buys Las Vegas Boulevard wedding chapel

Allegiant Air CEO Maurice “Maury” Gallagher has purchased Chapel of the Flowers wedding chapel north of the Strip.

Allegiant Air boss Maurice “Maury” Gallagher, who’s made a fortune selling cheap plane tickets and a bevy of add-on fees, has entered a new, albeit still low-priced, line of business: Las Vegas weddings. Will the new business venture lead to flight and wedding packages? ...

17 September 2014
By Eli Segall

Why once-troubled reverse mortgages are poised for a rebound

In this Thursday, Sept. 11, 2014 photo, Myles Griffin, 74, poses for a photograph in front of his home in Philadelphia. Griffin has lived with his wife for 40 years in their three-bedroom row home and after retiring three years ago, the couple signed up for a reverse mortgage in May.

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a comeback, drawing the scrutiny of regulators seeking to ...

15 September 2014
By Hope Yen, Associated Press

More parking, more stores coming to Premium Outlets-North

Construction is in progress at Las Vegas Premium Outlets-North on Wednesday, Sept. 3, 2014.

Las Vegas Premium Outlets-North is expanding again. Management of the mall, which is on Grand Central Parkway near the Spaghetti Bowl, has expanded a parking garage with 780 more spots and is building ...

10 September 2014
By Eli Segall

‘Only a matter of time’: Las Vegas home prices flatten out

A house is shown for sale in Henderson.

Las Vegas housing prices were flat last month as the market slows down from its meteoric recovery from the recession. The median sales price of single-family homes in August was ...

9 September 2014
By Eli Segall

Half-price sale: Vacant land on north Strip — $16M an acre

Development company Triple Five is trying to sell a 5.4-acre property on the north Strip for $16 million per acre, as pictured Wednesday, Sept. 3, 2014.

At the peak of the bubble, development firm Triple Five plunked down $180 million for property on the north Strip with plans to build a resort with an observation wheel. Today the land sits mostly empty, a sprawling parking lot in a struggling area, and Triple Five is trying to sell it ...

5 September 2014
By Eli Segall

LVCVA’s sights set on $19M land buy for planned business district

The Las Vegas Convention and Visitors Authority wanted to spend up to $19 million for 4.8 acres of property on Convention Center Drive, including the Vegas Indoor Skydiving building, pictured Wednesday, Sept. 3, 2014.

Las Vegas’ tourism bureau is continuing its real estate buying spree for its planned multibillion-dollar business district. The Las Vegas Convention and Visitors Authority’s ...

4 September 2014
By Eli Segall

Foreclosure scam leads to 35-year prison sentence

One of two brothers convicted of leading a nationwide foreclosure scam was sentenced Wednesday to 35 years in federal prison for stealing titles to more than ...

3 September 2014
By Don Thomspon, Associated Press

Developer fashions plan for Las Vegas expo center off I-15 near Strip

A view of vacant land west of Mandalay Bay on Thursday, Aug. 28, 2014. Developer Jack Kashani is said to be buying the 63-acre parcel to build a two million-square-foot fashion-industry expo center.

Developer Jack Kashani, who helped launch the World Market Center furniture-expo hall, has his sights on another massive showcase center for Las Vegas, even though his first one was marred by financial and legal woes. Kashani is rumored to be under contract to buy ...

2 September 2014
By Eli Segall

Las Vegas new home sales down

A view of residential rooftops near Horizon Ridge Parkway and Gibson Road on Wednesday, June 1, 2011, in Henderson.

Local developers sold 499 new homes last month, down 23 percent from July 2013, according to a report out today from Las Vegas-based Home Builders Research. The median sales price last month was $290,000, up 9 percent from a year earlier but down 3 percent from January. Despite the slowdown, builders are steadily pulling more construction permits for new homes. ...

22 August 2014
By Eli Segall

Sales of Henderson mountainside mansion lots underway at Ascaya

Ascaya has a fine view of the Strip on Wednesday, Aug. 20, 2014, from atop the mountain-mansion development.

If you want to live on a Henderson mountainside, hundreds of feet above the valley floor, get ready to pay big and build big. Ascaya is ...

21 August 2014
By Eli Segall

Preferring Southern Nevada’s workforce over Arizona’s, tent maker plants stakes in Henderson

Technicians trim a piece of fabric on a seam welder at Creative Tent International July 30, 2014.

They’ve backed off from building a tent-covered tent manufacturing plant, but owners of Creative Tent International are up and running in Henderson after ditching Arizona. The company — which sells commercial tents in more than 60 countries for banquets, tennis court coverings, helicopter hangars and other uses — has hired ...

19 August 2014
By Eli Segall

Henderson mountain-mansion development Ascaya back in business

Plans for luxury homes in the Ascaya mountainside community in Henderson are back on track on Wednesday, Aug. 13, 2014.

Hong Kong billionaire Henry Cheng blasted away a Henderson mountaintop during the real estate bubble, with plans for mansions overlooking the valley from street names such as Heavens Edge, Stonecutter and Epic View. Now after years of sitting untouched, developers are gearing up to ...

15 August 2014
By Eli Segall
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