Las Vegas Real Estate News

Trump tower on Las Vegas Strip sells some 300 units as timeshares

The pool at Trump International Hotel Las Vegas Friday, July 8, 2011.

Donald Trump’s gold-colored high-rise near the Las Vegas Strip will no longer be just a condo/hotel tower: It’s now a condo/hotel/timeshare tower.

6 September 2012

By Eli Segall

Henderson Realtor is a finalist for national Good Neighbor Award

Geofrey Lavell is a finalist for the Realtor Magazine’s 2012 Good Neighbor Award, designed to recognize realtors that volunteer their time to local causes. But for Lavell, it’s more than just a passionate cause – it’s a personal one.

3 September 2012

By Brian Nordli

Number of foreclosed homes being sold in Las Vegas continues to fall

An aerial view of homes in the southwest part of the Las Vegas Valley taken from a helicopter May 21, 2012.

The volume of debt-laden homes being sold in foreclosure in Las Vegas continues to plunge. And foreclosures made up only 45 percent of all sales in Clark County during the same three-month period, down from 51 percent a year ago.

30 August 2012

By Eli Segall

Bankrupt Las Vegas developer pleads guilty in federal case

Jean Marc Eljwaidi, right, appears in court with attorney Steven Wolfson at the Regional Justice Center in Las Vegas on Jan. 21, 2010.

Bankrupt Las Vegas developer Jean Marc El Jwaidi pleaded guilty Friday to wire fraud and agreed to pay restitution of nearly $1.9 million to investors he victimized, records showed Friday.

24 August 2012

By Steve Green

Nevada panel OKs hotline, counselors to help struggling homeowners

Distressed homeowners will have access to a new hotline and additional housing counselors as part of a plan approved today by a legislative committee.

24 August 2012

By David McGrath Schwartz

State to decide how to spend money from federal foreclosure settlement

When the nation’s five largest banks reached a settlement with the federal government and 49 state attorneys general over their role in the national housing crisis, the banks agreed to chip in $57 million to the state of Nevada to address the housing crisis. Now it’s time to spend the money.

23 August 2012

By David McGrath Schwartz

Nearly 70 percent of Las Vegas homeowners remain underwater

Houses sprawl across the Las Vegas Valley. When the housing bubble burst in 2007, Las Vegas became the No. 1 area in foreclosures nationwide.

The home-mortgage crisis in Las Vegas is showing few signs of abatement, as borrowers remain far underwater. About 68.5 percent of Las Vegas Valley homeowners with mortgages were underwater during the second quarter this year.

22 August 2012

By Eli Segall

Indictment charges pair with mortgage-related fraud

A Clark County grand jury has indicted two Las Vegas men in a mortgage-lending fraud case in which victims lost thousands of dollars, Nevada Attorney General Catherine Cortez Masto announced Wednesday.

22 August 2012

By Jackie Valley

Electricity will flow to Coyote Springs, but there are still no homes to power

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

There are no homes yet at the 43,000-acre Coyote Springs development 50 miles north of Las Vegas, but starting today, the troubled multibillion-dollar project will at least have power.

22 August 2012

By Conor Shine

Report: Las Vegas new home sales up, prices down

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

The Las Vegas Valley’s real estate sector showed some signs of life last month, with new home sales climbing and builders pulling more permits. There were 462 recorded new home sales in July, up 46 percent from 316 during the same period last year. Some 543 new home permits were also pulled last month, up 89 percent from 287 permits the year before, Home Builders Research said in a recent report.

21 August 2012

By Eli Segall

Director of UNLV's Lied Institute for Real Estate Studies dies

Nasser Daneshvary, a longtime UNLV economics professor and the director of its Lied Institute for Real Estate Studies, died Saturday of an apparent heart attack. He was 62.

21 August 2012

By Eli Segall

Nevada Tax Commission: Fannie Mae, Freddie Mac exempt from taxes on foreclosure sales

In a split vote, the Nevada Tax Commission today rejected an effort by Treasurer Kate Marshall to force Fannie Mae and Freddie Mac to pay taxes on home foreclosure sales.

20 August 2012

By David McGrath Schwartz

CBRE brokerage vows to remain competitive in gaming

Commercial real estate brokerage CBRE says the loss of two Las Vegas gaming brokers to competitor Newmark Grubb Knight Frank doesn’t diminish its commitment to the industry.

13 August 2012

By VEGAS INC Staff

Nevada drops to No. 6 in states racked by foreclosure

The view from the balcony of a condo for sale at the Ogden in downtown Las Vegas on Friday, Nov. 18, 2011.

Nevada’s foreclosure rate slackened last month, improving its spot in a national ranking but still keeping it in the top 10 for worst-hit states. The state was No. 6 in the country in July for its volume of distressed real estate.

8 August 2012

By Eli Segall

Nevadans increasingly struggle to pay their mortgages even while their debt shrinks

Nevadans are falling behind on their mortgage payments at a faster rate than homeowners in almost every other state, even though local borrowers are seeing their debt shrink.