Las Vegas Real Estate News

Long-abandoned corner of Las Vegas Boulevard and Sahara getting Walgreens

Tourists pass by construction at the northeast corner of Sahara Avenue and Las Vegas Boulevard South on Thursday, Aug. 7, 2014. A Walgreens will occupy about half of the first floor. Wilger Enterprises is the general contractor on the project.

It's paving over some colorful history, but a retail plaza with Walgreens is under construction on the north Strip and poised to bring more business to the struggling area. Sorenson Group Management broke ground this spring on a roughly 40,300-square-foot retail center at the northeast corner of Las Vegas Boulevard and Sahara Avenue. Walgreen Co. plans to open next spring, spokesman Phil Caruso said. The site was home to ...

13 August 2014
By Eli Segall

Rising Las Vegas home prices hit ‘nice milestone’

Fafie Moore, left, a Realty Executives owner/broker, and Realtor Helen Riley look over the backyard of a home being offered for sale in Henderson on April 8, 2013.

Las Vegas housing prices inched up last month to the highest level in almost six years. The median sales price of previously owned single-family homes in Southern Nevada in July was $200,000, up 0.1 percent from June and 11.1 percent from July 2013, according to a new report from the Greater Las Vegas Association of Realtors. That’s the highest since August 2008, when the median sales price ...

8 August 2014
By Eli Segall

Apartment complex rising at the District in Henderson

Construction continues on an apartment complex behind Whole Foods at the District at Green Valley Ranch in Henderson on July 31, 2014.

Years after buying the project site, developers are bringing pricey new housing options to the District at Green Valley Ranch in Henderson. Rents in the Calida Group's 360-unit apartment complex are likely to top out at ...

5 August 2014
By Eli Segall

Home owned by Trump holdout auctioned for $530,000

The Trump Plaza towers over Vera Coking's three-story rooming house Wednesday, July 23, 2014, in Atlantic City. The decrepit boarding home owned by the Atlantic City woman who has been turning down multimillion-dollar offers for the building in the shadow of Trump Plaza since the 1980s has been demolished.

She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person." The woman who became a folk hero for resisting decades-long efforts by big-name developers like Trump to displace her Atlantic City boardinghouse is now 86 and, at last, has sold. The 29-room property Vera Coking and her husband bought...

30 July 2014
By Samantha Henry, Associated Press

New-home sales in Las Vegas slide in first half of 2014

Cass Via, a maintenance worker at the High Roller, looks over a home listing in his RV at the Oasis Las Vegas RV Resort Tuesday, July 29, 2014. Via is in the market for a house but says he will be buying a pre-owned home, not a new one.

Sales of new homes in the Las Vegas Valley are down sharply in the first six months of this year compared with the first half of last year. Prices have risen dramatically and builders continue to pull permits, but the reasons some prospective buyers aren't closing deals are ...

30 July 2014
By Eli Segall

Banks moving more aggressively against delinquent Las Vegas homeowners, report says

A foreclosed home is seen Thursday, April 28, 2011.

After a brief lull, lenders are again ramping up pressure on delinquent Las Vegas homeowners. The number of default notices filed in Clark County has climbed ...

25 July 2014
By Eli Segall

Pardee Homes gives up land in long-stalled Coyote Springs project

Coyote Springs Golf Course is the only completed element of the 43,000-acre Coyote Springs project.

Pardee Homes, the former lead residential builder at the Coyote Springs master-planned community, relinquished about 2,500 acres of land at the site an hour from ...

23 July 2014
By Eli Segall

Las Vegas developer buys Reno’s blighted Kings Inn

The Kings Inn, the long-abandoned hotel-casino that has come to symbolize downtown Reno blight, has been sold to a Las Vegas developer. The sale isn't final until …

15 July 2014
By Anjeanette Damon, Reno Gazette-Journal

Southwest Gas buys its headquarters, bids farewell to rent payments

Southwest Gas Corp. has bought the bulk of its Las Vegas corporate campus, as seen July 9, 2014, for $16.5 million cash from its Boston-area landlord.

Southwest Gas has been renting the majority of its corporate headquarters in Las Vegas for more than three decades. But with a $16.5 million cash purchase, the utility ...

10 July 2014
By Eli Segall

Investor impact wanes as Las Vegas home prices climb again

Fafie Moore, left, a Realty Executives owner/broker, and realtor Helen Riley look over a home being offered for sale in Henderson April 8, 2013.

Las Vegas home prices continue to rise as investors, lured here by the recession’s bargains, keep backing out. The median sales price of previously owned single-family homes ...

8 July 2014
By Eli Segall

Sale of Showcase Mall a rarity among Las Vegas Strip properties

A large portion of Showcase Mall, on the Strip, has been sold for $145 million to a group of New York investors. Photo taken on Thursday, June 26, 2014.

Showcase Mall, the Strip retail center known for its giant Coke bottle and M&M’s out front, has a new landlord. The sale, one of the more lucrative in Las Vegas in recent years for nonresorts, is a rarity because ...

2 July 2014
By Eli Segall

Want the Palms Place rooftop penthouse? You can snag it for $38 million

Businessman Phil Maloof is trying to sell his 59th-floor penthouse at the Palms Place tower for $38 million.

Phil Maloof is ready to part ways with his flashy rooftop party pad at the Palms. Among the lavish amenities offered in the residence are ...

27 June 2014
By Eli Segall

Nevadans headed for foreclosure not as quick to abandon home, report says

The number of Nevadans who are underwater on their mortgages is down, but only because many have lost their homes to foreclosure, a report says.

Nevadans who are on track to lose their homes to foreclosure aren’t moving out nearly as often as they used to. But the Silver State still has ...

25 June 2014
By Eli Segall

North Las Vegas announces two tenants for its City Hall

The new North Las Vegas City Hall, Thursday, Nov. 17, 2011.

Tenants are coming to the underutilized North Las Vegas City Hall. Mayor John Lee today announced the Nevada Affordable Housing Assistance Corporation and Home Means Nevada, two state-affiliated nonprofits agencies that help distressed homeowners, would be moving to City Hall. NAHAC agreed to a three-year lease for ...

25 June 2014
By Las Vegas Sun Staff

How to do a short sale

Selling a house through a short sale is about as fast and easy as swimming through a swamp.The sales process can involve stacks of paperwork, back-and-forth calls and emails with bankers and real estate agents, and sudden changes in rules and procedures. Completing a deal can take months, maybe a year, all so an underwater borrower can get out of a house that plunged in value and a buyer can get a good deal ...

16 June 2014
By Eli Segall
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