Las Vegas Real Estate News

As other retail centers struggle, why are these two doing well?

A shopper leaves the Target store at the Green Valley Crossing strip mall mall at Green Valley and Horizon Ridge parkways in Henderson Tuesday, Jan. 17, 2012. The parking lot at the mall seems full of customers in contrast to the boutique mall across the street which appears to be out of business.

While empty retail space abounds in Southern Nevada, the drawing power of Target has helped two shopping centers in Henderson survive and even grow during the recession.

18 January 2012

By Steve Green

Notes and news from the Las Vegas real estate industry

Briefs and notes from the world of real estate in Southern Nevada.

16 January 2012

2011 another awful year for foreclosures in Nevada and Las Vegas

The grim reality of real estate in Southern Nevada.

Year-end statistics for 2011 show Nevada and Las Vegas maintained their dubious No. 1 spots on the lists of states and cities hit hardest by home foreclosures. During 2011, more than 6 percent — one in 16 — of Nevada housing units received at least one foreclosure filing.

11 January 2012

By Steve Green

2011 ended with lower Las Vegas home prices

A home sits foreclosed and unoccupied in the 4500 block of E Sun Valley Drive, Thursday Dec. 15, 2011. A group of organizations and individuals are rallying together to put pressure on the Obama Administration to reject the 50 state settlement with Wall Street banks.

Home prices in Nevada and Las Vegas continued to fall during the last two months of 2011, two new reports show. CoreLogic of Santa Ana, Calif., which tracks home prices, said existing home prices in the Las Vegas area in November were down 10.8 percent from November 2010.

10 January 2012

By Steve Green

Judge signs off on LVH casino takeover

A state judge has approved an agreement in which a receiver will be put in charge of the former Las Vegas Hilton, including its gaming operations. The 2,950-room Paradise Road property defaulted on its $252 million mortgage last year and was hit with foreclosure proceedings by lender — and hotel investor — Goldman Sachs, in September.

9 January 2012

By Steve Green

Las Vegas office market ended year with higher vacancies

Continued weakness in the recession-ravaged Las Vegas-area office market highlights the first commercial real estate statistics issued for the fourth quarter of 2011.

9 January 2012

By Steve Green

Home builders catering to extended families

An inside look at the added suite of a "Next Gen" house built by Lennar Homes, Thursday Dec. 22, 2011. These homes, designed to house multiple generations of a family, comes with a separate self-sustained suite that can house an additional family or family member and still maintain privacy.

Multigenerational houses — those with attached in-law suites or backyard casitas meant to accommodate grandparents, adult children or other extended family members — are being added to the valley’s landscape with increasing frequency.

28 December 2011

By Delen Goldberg

Las Vegas home prices remain in decline, report says

Las Vegas-area home resale prices fell again in October to a new low during the recession, debt rating agency Standard & Poor’s reported Tuesday.

27 December 2011

By Steve Green

Las Vegas new home sales slipped in November

New home sales in the Las Vegas area totaled 365 in November, down from October and from November 2010 as the recession continued locally, statistics issued Friday showed.

27 December 2011

By Steve Green

North Las Vegas land auction results to stand

A bankruptcy judge has declined to overturn the results of last week’s auction of 1,340 acres of undeveloped land in the stalled Park Highlands planned community in North Las Vegas.

23 December 2011

By Steve Green

Nevada homeowners file class-action lawsuit over foreclosure robosignings

When the Las Vegas market hit bottom in early 2012, single-family homes sold for a median $118,000 and, within that, bank-owned homes for $100,000.

Lender Processing Services Inc., the company targeted by Nevada’s attorney general in a foreclosure robosigning investigation, has been hit with a class-action lawsuit filed by Las Vegas and Henderson homeowners.

21 December 2011

By Steve Green

County to sign off on land sale for solar power complex in Laughlin

Laughlin and Bullhead City, Ariz., as seen in 2011.

The sale of 9,000 acres of county land near Laughlin, which is likely to be approved by the Clark County Commission today, represents a small step toward development of a massive solar power complex by its Chinese backers.

20 December 2011

By Joe Schoenmann

Man accused of defrauding HOA of more than $1 million

A Clark County grand jury indicted a 50-year-old Beverly Hills, Calif., man for his actions in allegedly defrauding the Paradise Spa Home Owners Association in Las Vegas of more than $1 million, Nevada Attorney General Catherine Cortez Masto said Monday.

19 December 2011

By Jackie Valley

Senate votes to extend payroll tax cuts and unemployment insurance

The Senate voted this morning to ensure payroll tax cuts don’t increase and unemployment insurance benefits don’t end as the new year begins.

17 December 2011

By Karoun Demirjian

Nevada AG defends robosigning probe

Nevada Attorney General Catherine Cortez Masto is disputing claims by a foreclosure processor that her office has improperly outsourced a foreclosure document robosigning investigation.