Las Vegas Real Estate News

Mesquite casino pitchman Randy Black Sr. files for bankruptcy

Mesquite casino manager and pitchman Robert ''Randy'' Black Sr. is heading back to bankruptcy court — this time apparently over problems related to a Las Vegas office building. Black and his wife, Kathy, voluntarily filed for Chapter 7 bankruptcy protection on Wednesday.

4 July 2012
By Steve Green

Las Vegas market lags in home price gains

Las Vegas-area home prices rose in April — but the local market underperformed compared to other big cities, new data issued Tuesday show.

26 June 2012
By Steve Green

Business owners and executives weigh in with ideas for creating a diverse workplace

Business owners and executives weigh in with ideas for creating a diverse workplace

Diversity. It’s something most employers strive for but often find difficult to achieve. It’s a buzzword that gets tossed around workplaces but remains difficult to define. Most employers say they favor it, but fewer prioritize it. Diversity goes beyond hiring workers of different colors, ages, sexualities and abilities. To be truly diverse, a workplace needs to be full of people with different personalities, life experiences and worldviews.

25 June 2012
By VEGAS INC Staff

Nevada law firms seem to like to have ties to Carson City

Every upstanding law firm needs framed diplomas from the finest law schools, crystal decanters for single malt scotch and a nice solid oak conference table. And in Nevada, it seems, they require one other amenity: Their very own legislator.

19 June 2012
By J. Patrick Coolican

4 more HOAs sued over collection costs deemed improper

Four more Southern Nevada homeowner associations have been sued over allegations they’ve been requiring purchasers of foreclosed homes to pay off inflated liens.

16 June 2012
By Steve Green

Nevada moves to No. 3 in foreclosure ranking

Foreclosure territory: Housing sprawls across the Las Vegas Valley. A study found that Southern Nevada is particularly susceptible to homeowners walking away from their mortgage responsibilities.

Foreclosure activity slowed in May in Las Vegas and statewide, according to new data released Wednesday.

13 June 2012
By Steve Green

Seniors struggle as land rent for manufactured homes rises

Terrence Thudium, pictured here Wednesday, May 30, 2012, has spent more than $75,000 in upgrades to his home in the Mountain View community in Henderson and fears losing it because of rent increases he cannot afford.

Terrence Thudium speaks with a combination of fear and fight. The disabled Vietnam War veteran uses words such as “extortion,” “ridiculous” and “exhausted.” He is proud of the considerable investment he's made in his home but he faces a dilemma.

9 June 2012
By Brian Nordli

Las Vegas mortgage broker fined nearly $50,000

A Las Vegas mortgage broker company has been fined $49,125 by the state for various violations including using unlicensed agents to negotiate deals.

8 June 2012
By Cy Ryan

Death of lawyer at center of HOA scandal ruled a suicide

The death of Nancy Quon, a construction-defect lawyer thought to be one of the central figures in a multimillion-dollar conspiracy involving a dozen homeowners associations in the Las Vegas Valley, has been ruled a suicide by the Clark County Coroner's Office

7 June 2012
By Jackie Valley

HOA scandal involving millions of dollars and thousands of homes cuts wide swath across Las Vegas Valley

The Vistana condominiums at the Las Vegas Beltway and Durango Drive took a hit when, after winning a $19.1 million settlement in a defect lawsuit, the vast majority of the money wasn't used to correct the defects.

In 2006, condominium owners in Las Vegas’ Vistana community were accused by a lawyer of dreaming up wild, Oliver Stone-like conspiracy theories as they complained about corruption in their community association. After six years, more than two dozen guilty plea deals and four untimely deaths among witnesses or participants, the Vistana owners say they have been vindicated.

3 June 2012
By Steve Green

Points to be aware of in HOA scandal

The Vistana condominiums at the Las Vegas Beltway and Durango Drive took a hit when, after winning a $19.1 million settlement in a defect lawsuit, the vast majority of the money wasn't used to correct the defects.

The number of defendants in the criminal case involving HOA corruption could eventually top 50, making this one of the larger criminal schemes in Las Vegas history. But to put things in perspective, there are 2,356 homeowner associations in Clark County and 2,979 statewide, meaning just a small fraction were affected by the scam.

3 June 2012
By Steve Green

Details on real estate agents' roles in HOA fraud revealed

New details surfaced Thursday — including on the role of real estate agents — in the long-running criminal investigation into fraud and corruption at Las Vegas-area homeowner associations.

1 June 2012
By Steve Green

Nevada remains top state for foreclosure-related home sales

Nevada continues to lead the nation in the percentage of home sales tied to foreclosures, new data show. Foreclosure data provider RealtyTrac reported Wednesday that during the first quarter of this year, 12,405 homes sold in Nevada were in the pre-foreclosure process or had already been foreclosed on.

31 May 2012
By Steve Green

Economy starting to see recovery, albeit a slow one

A new UNLV report shows Las Vegas isn't expected to fully recover from the economic downturn for several years.

Southern Nevada’s economy is continuing its slow crawl out of the recession, with tourism and gaming leading the way and real estate and unemployment continuing to be a drag on sustained growth.

31 May 2012
By Richard N. Velotta

Danny Tarkanian plans to appeal $17 million judgment

Danny Tarkanian, right, and his attorney, Gus Flangas, listen to testimony from state Sen. Mike Schneider (D-Las Vegas). Tuesday was the first day of a civil trial resulting from a lawsuit filed by Tarkanian against Schneider claiming defamation during the 2004 senate campaign.

In hindsight, Republican congressional candidate Danny Tarkanian should have “put a microscope” on a 2007 land deal that went bad and has now left him and his family on the hook for a $17 million judgment, his lawyer said Wednesday.

31 May 2012
By Anjeanette Damon
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