Las Vegas Real Estate News

More than 40 percent leave Obama mortgage-aid program

More than 40 percent of homeowners seeking help from the Obama administration's flagship effort to rescue those at risk of foreclosure have dropped out of the program.

25 July 2010
Associated Press

Nearly a third of lenders no-shows for foreclosure mediations

Assembly Speaker Barbara Buckley says she’s anxious to see more sanctions imposed by the courts on lenders who boycott the fledgling foreclosure mediation program aimed at saving homes for Nevadans.

24 July 2010
By Cy Ryan

Forever 21 is showing its faith in Las Vegas with big store

It’s the type of announcement that makes you do a double take. A retailer with 4,934 square feet of space at Fashion Show mall planned to increase its footprint.

23 July 2010
By Buck Wargo

Governments focus on foreclosed homes

Steve Thompson of Blue Wave Pool Service drains a pool at a foreclosed home in Henderson. Mosquitoes can be a problem at such pools.

Local governments in Southern Nevada are cracking down on owners of vacant homes and are encouraging banks to foreclose on homes more quickly before they fall into disrepair.

23 July 2010
By Buck Wargo

Las Vegas apartment rents at lowest rate in 6 years

Move-in specials and deals on amenities, such as these at the Mountain Vista apartment complex, are among enticements being advertised to attract Las Vegas Valley renters. High unemployment and stagnant growth have reduced the demand for apartments.

Apartment rents continued to slide during the second quarter in the Las Vegas Valley to their lowest level in six years, but the occupancy rate at complexes has leveled off, analysts said. The average monthly rent requested by landlords during the second quarter was $765, down from $777 in the first quarter.

21 July 2010
By Buck Wargo

Tax credit's end brings lift to June home sales

Las Vegas’ new-home market in June recorded its largest number of closings in two years, but analysts said the increase is fleeting.

20 July 2010
By Buck Wargo

PulteGroup executive to retire amid restructuring

A longtime homebuilding executive well known in Nevada is retiring.

19 July 2010
By Las Vegas Sun Staff

Lake Las Vegas emerges from bankruptcy

Looking down at the MonteLago Village Resort and the shuttered Casino MonteLago from Grand Mediterra Boulevard at Lake Las Vegas.

Lake Las Vegas emerged from bankruptcy protection Friday and its creditor trust promptly filed scores of lawsuits to recover funds for creditors, including a $470 million claim against former insiders.

16 July 2010
By Steve Green

Industrial vacancy rates hitting record-high levels

Weakness in the Southern Nevada construction industry is pushing the vacancy rate for industrial space to record-high levels, and that sector’s recovery remains several years away, according to analysts.

16 July 2010
By Buck Wargo

23.5 percent of office space in Las Vegas is now vacant

The Southern Nevada office market regressed in the second quarter in a sign that the region’s recession is far from over, according to Colliers International Las Vegas.

16 July 2010
By Buck Wargo

Retail recovery eludes Las Vegas marketplace

Space is available at Alec & Audrey Village in Southern Highlands.

The retail market recovery in Southern Nevada is more than nine months to a year away, and landlords will have a tough time finding tenants even though rents are declining, according to the second-quarter report from Colliers International Las Vegas.

16 July 2010
By Buck Wargo

Vacant space in Vegas being filled by national retailers

National retailers are stepping into Las Vegas and filling vacant space.

16 July 2010
By Buck Wargo

CityCenter's leaning Veer Towers officially open

The soaring, 80-foot tall lobby area of Veer Towers frames the Mandarin Oriental at CityCenter.

The last of the residential buildings at CityCenter officially opened Thursday, with the two leaning Veer Towers welcoming its first residents and opening model units. The two 37-floor towers include a mix of studios, one-, two- and three-bedroom units and penthouses. The units range in size from 500 to 3,300 square feet and cost between $348,000 and about $2 million, depending on the size and features of the unit.

15 July 2010
By Kyle B. Hansen

Board advances plan for apartments near South Point

Although the down economy has left many construction projects in Clark County stalled, one developer is moving forward with plans to build an apartment complex in the south valley.

15 July 2010
By Dylan Scott

Foreclosure rate drops, but Nevada still ranks No. 1

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

Nevada has seen a decline in foreclosures compared to last year, but the state kept its No. 1 national ranking in the first half of 2010. Foreclosure filings fell 13 percent from the second half of 2009 and 6 percent from the first half of 2009.

14 July 2010
By Buck Wargo
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