Las Vegas Real Estate News

Don't question your HOA or you might get arrested

Sun City Anthem homeowners Robert Frank, left, and Timothy Stebbins pose outside Anthem Center Wednesday, March 28, 2012. Frank and Stebbins accused their home owners association of keeping members' dues in violation of IRS rules. The pair were arrested by Henderson Police in 2010 for filing a false report but the charges were recently dropped.

Don’t question your homeowners association because Henderson Police might arrest you. Here’s the story: Robert Frank and Tim Stebbins probably cared too much about the finances of their homeowners association, Sun City Anthem.

30 March 2012
By J. Patrick Coolican

Are Las Vegas home prices still declining? Reports differ

The Las Vegas skyline, including hotels and casinos from the world-famous Strip, looms in the background of row upon row of houses.

New data issued Tuesday sent mixed signals about the Las Vegas-area residential real estate market. Debt rating agency Standard & Poor's issued its monthly S&P/Case-Shiller Home Price Indices, which cover data through January. S&P said Las Vegas-area prices in January fell to June 1996 levels, a post-recession low, as they slipped 0.5 percent from December and were down 9 percent from January 2011.

27 March 2012
By Steve Green

State fines foreclosure companies $50,000, orders them shut down

Two Las Vegas companies advertising foreclosure services have been ordered to cease operating and fined $50,000.

26 March 2012
By Cy Ryan

Bank of America to offer rentals as foreclosure alternative

Bank of American unveils pilot program offering those facing foreclosure a chance to rent

22 March 2012
Associated Press

Auto repairs in fourplex parking lot translate into $48,000 fine against property owner

The residence at 5358 Del Gado Drive in Las Vegas seen on Tuesday, March 20, 2012.

Clark County commissioners walked a fine line between an out-of-state property owner who testified she couldn’t sell her fourplex with an attached $48,000 lien and neighbors tired that the fourplex had been turned into a makeshift auto-repair shop.

20 March 2012
By Joe Schoenmann

Reports indicate improvements in Las Vegas real estate market

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

The Las Vegas-area real estate market improved in February, two reports issued this week show. Home Builders Research reported 310 new-home sales locally in February, lifting the total for the year to 526. The two-month total is up by 57 sales, or 12.2 percent, from the same period in 2011.

14 March 2012
By Steve Green

Luxury high-rise sales sent skyward after $3 million remodel injects ‘personality’

A view of The Martin condo tower on Tuesday, March 13, 2012. The high-rise residential tower, formerly Panorama Tower North, is celebrating the completion of a $3 million redesign.

When new owners took over a part of the failed Panorama Towers project in 2009, they were faced with the challenge of selling luxury condominiums in a market packed with similar high-rise offerings. Their solution? A $3 million remodel and rebranding effort completed this month that saw the 45-story Panorama Tower North, 4471 Dean Martin Drive, reborn as The Martin.

14 March 2012
By Conor Shine

NAIOP leader says outlook is improving

It’s not exactly news that a number of trade and service associations suffered membership drops during the economic downturn. And it should be no surprise that real estate-based organizations were among the hardest hit.

12 March 2012
By VEGAS INC Staff

The List: CRE Brokerages

Find out about commercial real estate brokerages. This week, we look at rankings by 2011 lease and sales volume.

12 March 2012

Figures in Las Vegas HOA fraud probe hit with civil lawsuit

Key figures in the Las Vegas-area homeowner association criminal investigation have now been hit with a class-action civil lawsuit. The suit was filed Tuesday in Clark County District Court.

9 March 2012
By Steve Green

Clark County Commission shows its busybody side with party house ordinance and Strip pet ban

The Clark County Commission has shown it’s not kidding around with it’s “party house” ordinance, while also bolstering its tough-on-crime bona fides by curtailing pets on the Strip.

8 March 2012
By J. Patrick Coolican

Homeowner hit with $29,000 fine under ‘party house’ ordinance

The first real test of the county's "party house" ordinance, approved in 2010 to curb short-term house rentals, resulted in a $29,000 penalty for a homeowner in the tony Spanish Palms neighborhood.

The first real test of the county’s “party house” ordinance, approved to curb short-term house rentals, resulted in a $29,000 penalty for a homeowner in the tony Spanish Palms neighborhood.

6 March 2012
By Joe Schoenmann

Court denies petition seeking foreclosure on office building

The Nevada Supreme Court has rejected a petition by Bank of America that it be allowed to foreclose on an office building in Las Vegas that reportedly has defaulted on a $12.2 million loan.

5 March 2012
By Cy Ryan

HOA 101: A third of us live in them, here's what you need to know

HOA 101: A third of us live in them, here's what you need to know

Nevada is a land of homeowners associations, private entities run by homeowners (ideally) and offering all the benefits and downfalls that amateur governance implies. Statewide, there are almost 3,000, covering 485,000 single family homes, condos and town houses — more than a third of all housing units in Nevada.

4 March 2012
By David McGrath Schwartz

A third of the time, lenders don't have paperwork in foreclosure mediation sessions

In this Feb. 8, 2008, file photo, a for-sale sign stands in front of a bank-owned home in Las Vegas.

When homeowners headed for foreclosure sit-downs with their banks to see if they can work out an agreement, state law requires the lender come equipped with documents proving who owns the home, among other things. In a third of those meetings, however, banks failed to produce the required documents.

2 March 2012
By David McGrath Schwartz
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