This is one expensive shoe box. A condo — all of 599 square feet — on the 56th floor of the Cosmopolitan’s east tower recently sold for $675,000, or $1,126.88 per square foot.
30 July 2013
By Eli Segall
A federal judge has sentenced a California man to five and a half years in prison for his involvement in a mortgage scam orchestrated in Las Vegas.
26 July 2013
By Tovin Lapan
Two Las Vegas men accused of bank fraud after running real estate schemes were given prison terms and fines. Paul Wagner received 14 years in prison and must pay a $4.4 million fine, and Oudom Somee will serve 51 months in prison and pay $1.3 million in restitution.
23 July 2013
By Riley Snyder
Las Vegas Valley home values have soared in recent months, but Southern Nevada gave up its spot as the country’s top growth market. The region’s median home value was $147,700 in June, up 7.8 percent from March and up 29.4 percent from June 2012.
22 July 2013
By Eli Segall
Flipping homes in Nevada is not as profitable or as common as it is nationally, a new report shows. Single-family homes were flipped 2,923 times in the first six months of the year in Nevada.
19 July 2013
By Eli Segall
Las Vegas Valley homebuilders bought at least 74 acres of public land at auction this week, another sign of the region’s increased appetite for new housing.
18 July 2013
By Eli Segall
Vantage Lofts, a mothballed Henderson condo project, has been sold and is said to be headed for completion. Again. Southern Nevada developer Rothwell Gornt Cos. sold the partially built 110-unit project this month for $10 million to Seattle property manager and investor John Goodman.
12 July 2013
By Eli Segall
Southern Nevada’s economy will continue to improve this year and next but will faces hurdles in real estate, finance and tourism, according to a new economic forecast for the region.
11 July 2013
By Eli Segall
Last month, Gov. Brian Sandoval signed a bill that is supposed to make it easier for banks to foreclose on delinquent homeowners. So far, things haven’t quite worked out that way.
10 July 2013
By Eli Segall
The Nevada Board of Examiners today reluctantly agreed to pay $920,000 to a Los Angeles law firm that beat the state in a dispute over a planned development near the Red Rock Canyon National Conservation Area.
9 July 2013
By Cy Ryan
Las Vegas home prices kept rising last month even though the valley’s inventory shortage, a key reason for the market’s turnaround, showed signs of easing.
9 July 2013
By Eli Segall
Mount Charleston residents flooded into a town hall-style meeting Sunday hungry for information about the nation’s top-priority wildfire, which has chewed through 14,458 acres and threatens more than 500 structures. Since a lightning strike set the mountain ablaze on July 1 and 520 residents were told on July 4 they should evacuate their homes on the mountain, rumors have been spreading almost as fast as the fire.
8 July 2013
By Bethany Barnes
Despite spending well over $100 million to purchase dozens of acres of downtown property — old motels, empty lots, empty storefronts and more empty lots — Tony Hsieh’s Downtown Project isn’t the only player in downtown’s "SimCity" game to rebuild the area.
8 July 2013
By Joe Schoenmann
Wayne Newton may have bid farewell to Casa de Shenandoah, but the crooner has another growing compound in the works. Newton and his wife spent $5 million last month on 10.3 acres of real estate near their new mansion at East Oquendo and South Gateway roads in Las Vegas.
8 July 2013
By Eli Segall
A recent, sharp rise in mortgage-interest rates has raised concerns about whether the housing recovery will soften as home loans become more expensive. Last week, the average rate nationwide for a 30-year mortgage jumped to 4.46 percent from 3.93 percent — the biggest one-week increase since 1987 and the highest rate since July 2011, according to the Federal Home Loan Mortgage Corp.
5 July 2013
Mary Shanklin, Orlando Sentinel
