Las Vegas Real Estate News

Nevada retakes dubious position as national foreclosure leader

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

Nevada is back on top — but no one will celebrate this No. 1 ranking. The Silver State had the highest foreclosure rate in the country in March, with one in every 306 housing units receiving a foreclosure-related filing, according to a new report from RealtyTrac.

10 April 2013
By Eli Segall

Las Vegas home prices up again in March; median now $161,000

Home prices in the Las Vegas area are up 7.3 percent from a month ago and nearly 31 percent from last year as supply stays short. The median price for a single-family home sold in March was $161,000, up from $150,000 in February.

9 April 2013
Associated Press

Las Vegas home prices 30 percent higher than year ago

A house is shown for sale in Henderson.

Southern Nevada home prices increased in March and are now 30 percent higher than one year ago.

9 April 2013
By Jackie Valley

Downtown Project snapping up apartment building, other parcels

A group purchasing property all over downtown is close to finalizing a deal for the 360-unit Mayan Plaza apartment building on Alta Drive, next to the new Metro Police headquarters.

8 April 2013
By Joe Schoenmann

Henderson’s Galleria at Sunset mall to undergo $7 million renovation

An artist rendering of what the food court at the Galleria at Sunset will look like after a $7 million renovation of the Henderson mall.

One of Southern Nevada’s largest shopping centers — the Galleria at Sunset mall in Henderson — is set to undergo a $7 million renovation, its first since it opened in 1996. Construction is scheduled to begin this month and is slated for completion in the fall. The renovation will be mall-wide and will bring improvements to the food court, center court, guest services center and the restrooms. “We’re very excited about the renovation, which will enhance the experience and comfort of our shoppers,” said Heather Valera, director of marketing for Galleria at Sunset. “In addition to these many additions, we’re ...

4 April 2013
By Las Vegas Sun Staff

Las Vegas one of best places to buy a home to rent out

A for sale sign stands outside a bank-owned home in North Las Vegas, Feb. 18, 2009.

As if the investors swarming Las Vegas didn’t know, the valley is one of the top places in the country to buy and then rent out a house, a new report says.

3 April 2013
By Eli Segall

Hired or fired? How the Trump is doing after five years in Las Vegas

Trump's latest luxury property rises 64 stories over the Strip. A restaurant in the 1,282-suite tower is simply named DJT, his initials. Developers, real estate agents, politicians and beauty queens helped the Donald fete the opening.

Las Vegas’ $1.3 billion Trump International Hotel opened in March 2008 and got off to a rocky start. The high-end condos failed to sell. Owner Donald Trump had to shift strategy. The Great Recession dashed his hope for a second tower, and hundreds of investors sued him. Five years later, things have improved at the gold-plated tower. The investor lawsuits were dismissed, the condos once again are selling, and the hotel rooms are full.

2 April 2013
By Ron Sylvester

Grab your stuff and go: 'Zombie' homes abound in Nevada

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

Nevadans who expect to lose their homes to foreclosure move out far more frequently than struggling borrowers in other states. Nevada has a “zombie foreclosure” rate of 50 percent, meaning half of all homes in the foreclosure process that aren't yet bank-owned are empty.

28 March 2013
By Eli Segall

Downtown Project pieces together its $93 million llama

The purchase of downtown — well, a good bunch of it, anyway — is almost complete. Downtown Project insiders call the mass of land stretching over several blocks from Las Vegas Boulevard to Maryland Parkway “the llama,” because that’s what it sort of resembles from space.

28 March 2013
By Joe Schoenmann

Unfinished Henderson condo project Vantage Lofts up for sale again

Vantage Lofts, promoted as a visionary project bringing stunning views and new architecture to the suburban valley, sits unfinished.

Developer Rich Crighton bought Vantage Lofts with plans to finish the mothballed Henderson condos and sell them at a steep discount.

27 March 2013
By Eli Segall

Investors returning hipster flair to old Rat Pack apartments

The Rainwalk Apartments, where members of the famed Rat Pack once stayed, is being rehabbed for hip Las Vegas urbanites and will become the Cabana on Dumont.

Some real estate investors want to bring back the style and charm of an aging Las Vegas apartment complex where members of the famed Rat Pack once lived.

26 March 2013
By Eli Segall

Tony Hsieh's group buys shuttered downtown casino for $14 million

A view of the Western Hotel and Casino on East Fremont Street on Tuesday, Nov. 15, 2011. In a statement, Tamares Real Estate, owners of the Western, announced the casino will close Monday, Jan. 16, 2012, for an indefinite period of time.

Tony Hsieh’s Downtown Project bought the shuttered Western Hotel for $14 million, giving his group another chunk of downtown real estate for a possible future project.

21 March 2013
By Eli Segall

Why the construction defect fight is likely to get nasty this session

As my colleague Anjeanette Damon reports this week, the Groundhog Day legislative battle over construction defect litigation has broken into the open, with state Sen. Michael Roberson using some legislative legerdemain to move his bill from a hostile committee to a friendly one.

21 March 2013
By J. Patrick Coolican

U.S. housing starts rise, permits at 4 ½-year high

New homes under construction in Henderson seen on Wednesday, May 23, 2012.

U.S. builders started more houses and apartments in February and received building permits for future construction at the fastest pace in 4 ½ years. The increases point to a housing recovery that is gaining strength.

19 March 2013
By Christopher S. Rugaber, Associated Press

Road into Henderson's Tuscany Village community faces rerouting

The dozens of residents who showed up to dispute the realignment of Mohawk Drive will have to wait a few more weeks to have their opinions heard.

14 March 2013
By William D'Urso
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