Las Vegas Real Estate News

The valley's priciest homes: A few million dollars buys stable, elevators, water slides

House at 18 Olympia Hills Circle.

The valley’s priciest homes typically span at least 6,000 square feet and include wine cellars, movie theaters, outdoor kitchens, indoor pools and elevators.

17 December 2013
By Eli Segall

NV Energy sells land to home developer for $14.8 million

NV Energy, Nevada’s main electric utility, has sold almost 40 acres of vacant land to developer Ryland Homes. The $14.8 million deal closed last month and was announced today by the brokerage firm CBRE Group, which represented NV Energy.

16 December 2013
By Eli Segall

MGM sells property near M Resort; owners undecided about use

MGM Resorts International has sold about 90 acres of land south of Henderson off Interstate 15. The $11.75 million deal, which closed last month, was a speculative purchase, and the buyers do not have any immediate plans to develop the property.

12 December 2013
By Eli Segall

Henderson could get 1,100 new homes, including a senior community

The LandWell Co. has sold at least 200 acres of vacant land to a homebuilder and is working to develop another 18 acres at the Cadence master-planned community site in Henderson, as seen above on Dec. 11, 2013.

After years of delay, a proposed Henderson master-planned community that fell victim to the recession might finally see shovels in the ground. The LandWell Co., developer of the proposed 2,200-acre Cadence project between Boulder Highway and Lake Mead Parkway, has sold at least 200 acres to homebuilder Lennar Corp. and is working with Woodside Homes to develop 18 acres.

12 December 2013
By Eli Segall

Nevada out of dubious top 10 for foreclosures? Almost

A "for sale" sign is displayed outside a foreclosed home near Hacienda Avenue and Jones Boulevard on Saturday, Feb. 5, 2011.

One in every 859 housing units statewide received a foreclosure-related filing last month, down 53 percent from October and 55 percent from a year ago, according to a new report.

11 December 2013
By Eli Segall

Median home sales price drops 1.1 percent in November

The median sales price of previously owned single-family homes in Southern Nevada in November was $183,000, down 1.1 percent from October but still 25.3 percent higher than a year ago, according to a new report from the Greater Las Vegas Association of Realtors.

10 December 2013
By Eli Segall

Auction of delinquent-tax properties nets more than $2 million

Properties with delinquent taxes were put up for auction by Clark County this morning, offering investors willing to put down cash an opportunity to score a deal.

6 December 2013
By Conor Shine

Competing with the big boys: How a local homebuilder beat the recession

Harmony Homes President Robb Beville on location at a Harmony Homes construction site Monday, Nov. 18, 2013.

Homebuilder Robb Beville is a rare breed in Las Vegas: He works for a local company. The valley’s home construction market is dominated by out-of-state, publicly traded builders that are worth billions of dollars, employ thousands of people and sell tens of thousands of homes nationwide each year.

27 November 2013
By Eli Segall

Henderson couple face 30 years in prison, $1 million fine for short-sale scheme

A husband and wife real estate agent team pleaded guilty today to bank fraud in connection with a series of short-sale fraud schemes and face up to 30 years in prison and a fine of up to $1 million.

26 November 2013
By Brian Nordli

David Atwell, a man with a zeal for business and life, dies at 63

David Atwell with Frank Sinatra in the mid-1970s.

David Atwell worked some major deals on the Strip, including the Forum Shops at Caesars Palace and New Frontier transactions.

26 November 2013
By John Katsilometes

For Las Vegas homebuilders, 2013 called ‘year of recovery’

Carpenters frame a home at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, April 5, 2013.

Las Vegas’ home construction business slowed again last month as buyers faced rising prices and higher borrowing costs.

25 November 2013
By Eli Segall

Joe Downtown: The next Tony Hsieh? Developer snatches up dozens of properties downtown

Developer Kamran Fouladbakhsh is seen at one of his downtown properties, a former motel being converted into apartments, Wednesday, Nov. 20, 2013.

Kamran Fouladbakhsh started buying properties downtown more than 10 years before Hsieh and his Downtown Project started snagging most of the available parcels around East Fremont Street two years ago. But over the past year, Fouladbakhsh has increased his purchases to a couple dozen or more.

25 November 2013
By Joe Schoenmann

On tap for approval: Symphony Park's newest tenant, liquor licenses, center for blind children

A new tenant could be headed to downtown’s Symphony Park if the Las Vegas City Council approves a $5 million land sale Wednesday to a developer planning to build a skilled nursing and assisted living center. Downtown liquor laws also will be on the council’s agenda.

19 November 2013
By Conor Shine

The days of living for free in a house awaiting foreclosure may be numbered

An auction sign for a foreclosed home in Las Vegas bends in the wind, Nov. 17, 2010.

Countless Las Vegans fell behind on their mortgages when the housing market collapsed, but many stayed put in their homes, living for free as banks struggled to seize the properties. But now lenders are adjusting to the Homeowner’s Bill of Rights.

15 November 2013
By Eli Segall

Atlanta firm snatches six apartment complexes for $66 million

Trimont Real Estate Advisors in Atlanta has bought at least six apartment complexes in the Las Vegas Valley this year, including Riverbend Village, 3937 Spencer St., as seen Nov. 14, 2013.

Prowling for discounts, an Atlanta real estate firm has been on a Las Vegas buying binge. Trimont Real Estate Advisors acquired at least four distressed apartment complexes last month and two others in May, spending $66 million.

14 November 2013
By Eli Segall
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