Las Vegas Real Estate News

Park Highlands community in bankruptcy again

The owner of the stalled Park Highlands planned community in North Las Vegas has filed for bankruptcy protection a second time.

7 July 2011
By Steve Green

Benefactor providing another $1 million for bankrupt Las Vegas developer

The strange bankruptcy case of Las Vegas real estate developer Jean Marc El Jwaidi has taken another unusual twist, with a benefactor stepping up yet again to pay off some of El Jwaidi’s debts.

5 July 2011
By Steve Green

Rate of delinquent Las Vegas homeowners falls for 15th month

The percentage of Las Vegas homeowners delinquent in their mortgage has fallen for 15 consecutive months, according to a California research firm.

30 June 2011
By Buck Wargo

Las Vegas real estate fraud suspect faces new lawsuit

When it comes to real estate and mortgage fraud during the boom years in Las Vegas, prosecutors say husband-wife team Steven W. Grimm and Eve E. Mazzarella were involved in a big way – to the tune of $107 million.

29 June 2011
By Steve Green

3 percent of Las Vegas homes sold to foreign buyers

Pedestrians pass by a housing development in the southwest valley on Dec. 9, 2010.

Foreign buyers purchased 3 percent of the homes sold in Las Vegas during May, and Canadians led the way by an overwhelming margin, according to a report released today by San Diego-based research firm DataQuick. In a review of public records, DataQuick said investors and second-home buyers purchased 46.2 percent of all homes sold in May, down from a record 49.9 percent in March.

29 June 2011
By Buck Wargo

Western valley office development sold for $9.2 million

A mixed-use office development in the western valley has sold for $9.2 million as part of a receivership sale.

29 June 2011
By Buck Wargo

S&P: Las Vegas home prices on seven-month losing streak

Las Vegas-area home prices fell again in April as high levels of foreclosures and unemployment continued to depress the market.

28 June 2011
By Steve Green

Report: Office and industrial vacancy rates fall in Las Vegas

The office and industrial vacancy rates in the Las Vegas area fell during the second quarter, prompting a brokerage firm to suggest the city is starting to attract tenants.

27 June 2011
By Buck Wargo

Abandoned projects leave lasting reminder of economic crash

The unfinished Echelon and the Fontainebleau Hotel and Casino sit vacant on the Las Vegas Strip Thursday, April 1, 2010.

It wasn’t long ago that hotels, high-rise condominiums and massive retail and office complexes sprang up in Southern Nevada seemingly faster than one could drive from one end of the valley to the other. Take that same drive today, though, and you’ll likely see vestiges of the Great Recession.

24 June 2011
By Steve Kanigher

More than 20 years until home prices reach pre-bust levels, Moody's says

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

Las Vegas homeowners will have to wait until 2020 to get back half the value of their home lost during the housing collapse and more than 20 years before getting it all back, according to a Pennsylvania research firm. The struggle of the housing market, in part, is why Moody’s Analytics forecasts the economic recovery will be slow in Southern Nevada.

22 June 2011
By Buck Wargo

Nevada HOAs, collection agencies lose two court rulings

Investors in foreclosed homes in Nevada didn’t abuse the legal system by challenging what they call inflated homeowner association assessments and collection costs, a judge has ruled.

17 June 2011
By Steve Green

Nevada foreclosure filings fall in May

Nevada foreclosure filings in May fell 6 percent from April, but the state and Las Vegas retained their No. 1 ranking in the nation, a California firm reported. Nevada had 11,039 foreclosure filings in May, meaning one in every 103 homes had some type of foreclosure filing, RealtyTrac reported.

15 June 2011
By Buck Wargo

Class-action suit filed over HOA debt-collection practices

Legal headaches seem to be intensifying for Nevada homeowner associations and their collection agencies, with the filing Monday of another class-action lawsuit over HOA debt-collection practices.

13 June 2011
By Steve Green

Analysts say another wave of foreclosures could hit Las Vegas

The grim reality of real estate in Southern Nevada.

Falling home prices in Las Vegas and prospects they won’t recover soon may trigger a new wave of people walking away from their homes. That’s the concern of those who track the Las Vegas housing market, which is undergoing its own mini version of a double-dip decline in prices.

10 June 2011
By Buck Wargo

Land that sold for $30 million fetches $4.4 million after foreclosure

A 23.53-acre property at the Las Vegas Beltway and Hacienda Avenue that sold for $30.2 million in 2007 and was later foreclosed upon has been sold for $4.4 million.

9 June 2011
By Buck Wargo
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