Las Vegas Real Estate News

North Las Vegas step closer to razing vacant apartments

North Las Vegas wants to tear down this vacant apartment complex, which has long been an eyesore in the community.

The North Las Vegas City Council voted on Wednesday to decide on a contractor to raze the abandoned Buena Vista Apartments.

3 July 2013
By Brian Nordli

Nevada Supreme Court keeps Howard Hughes, recreation center cases in current venues

The Nevada Supreme Court has ruled that the Howard Hughes Company can file suit in Carson City protesting the $200 million value placed on its 5,540 acres of undeveloped land at Summerlin West in the western Las Vegas Valley.

3 July 2013
By Cy Ryan

Back on track: Construction resumes on off-Strip timeshare tower

Clients of investment manager Guggenheim Partners recently bought the formerly mothballed Wyndham Desert Blue timeshare project near the Strip.

A formerly mothballed real estate development near the Strip has sold for $117 million. Wyndham Worldwide Corp. last week sold its partially-completed Desert Blue high-rise on Twain Avenue to clients of Guggenheim Partners.

3 July 2013
By Eli Segall

Nevada Supreme Court decisions could have statewide implications for HOAs, cost Caesars $850,000

The Nevada Supreme Court took two cases under submission on Tuesday — one that could have implications for homeowners associations statewide and another that would cost Caesars nearly $850,000.

2 July 2013
By Cy Ryan

Frank Thomas not left hurting after sale of mansion

Frank Thomas launches Big Hurt Beer at Carla Pellegrino's Meatball Spot in Town Square.

The Big Hurt has sold his big house in Henderson. Former baseball slugger Frank Thomas sold his two-story, 7,731-square-foot Seven Hills mansion to Texas businessman Shawn Byrum for $2.38 million this month.

27 June 2013
By Eli Segall

For $529,900 cash, Liberace's Las Vegas mansion can be yours

A view of a main room in Liberace's former home at 4982 Shirley St., Las Vegas, Monday, June 24, 2013.

The housing bust toppled tons of houses in Las Vegas, even flamboyant pianist Liberace's mansion. The late musician’s former house at 4982 Shirley St. went up for sale last week for $529,900, more than $3 million less than what it sold for during Las Vegas' housing boom.

25 June 2013
By Eli Segall

Home sales, construction on the upswing, but industry 'has a long way to go'

Home construction is seen from St. Rose Parkway in Las Vegas on Thursday, May 2, 2013.

Southern Nevada’s homebuilding business had another good showing last month with rising sales and construction plans.

24 June 2013
By Eli Segall

Home values in Las Vegas jump 28 percent, highest among large U.S. cities

A house is shown for sale in Henderson.

Las Vegas home values are rising faster than any other major metro area, though at least one analyst expects things to cool down nationwide.

19 June 2013
By Eli Segall

Las Vegas waives energy efficiency standards for older buildings

Renovating and rehabilitating older buildings in downtown Las Vegas will be a bit easier and cheaper after the city council voted Wednesday to relax its energy efficiency standards.

19 June 2013
By Conor Shine

North Las Vegas set to decide on controversial mortgage-seizure plan

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

Months of public meetings, behind-the-scenes lobbying and fierce attack ads will reach a culmination Wednesday night when the North Las Vegas City Council considers whether to move forward with a plan that would use eminent domain to help underwater homeowners refinance their mortgages.

19 June 2013
By Conor Shine

Flirting with short-sale fraud in Nevada could soon be less risky

A home for sale in Henderson.

When your house plunges in value and you can’t afford the mortgage, it can be tempting to short sell to friends or relatives and just rent from them. It’s a temptation some Las Vegans act on, even though it can send them to jail.

14 June 2013
By Eli Segall

Henderson couple charged with bank fraud in short sale

A Henderson couple could face up to 30 years in prison and a $1 million fine if convicted of bank fraud allegations in the short sale of their home. Cynthia Hosbrook, 41, and her husband, Robert Hosbrook, 51, were indicted in U.S. District Court on Wednesday.

13 June 2013
By Riley Snyder

Bumped from the top spot: Florida trumps Nevada in foreclosures

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

After a few months on top, Nevada no longer has the nation’s highest foreclosure rate. It has the second highest. One in every 305 homes statewide had a foreclosure-related filing last month.

12 June 2013
By Eli Segall

Developer attains 'a real little gem' in ManhattanWest, now the Gramercy

The failed Manhattan West development on Russell Road near the I-215 in the southwest part of the Las Vegas Valley. The mixed-use project had potential but fell victim to the economic downturn, said architect Robert Fielden. Photographed December 9, 2010.

The mothballed ManhattanWest project, a visible scar of Las Vegas’ building bust, has been sold for pennies on the dollar and is earmarked for completion.

12 June 2013
By Eli Segall

Council hears downside of plan to rescue underwater NLV homes

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

It started with heartfelt testimonials from homeowners struggling with underwater mortgages and ended with warnings of disaster from representatives of the banking and real estate industries.

11 June 2013
By Conor Shine
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