Las Vegas Real Estate News

It’s a gut feeling: Las Vegas office market is recovering

None of the figures shows the Las Vegas office market is headed toward any recovery — but that hasn’t stopped commercial brokers from showing some optimism when they see any increase in activity.

11 June 2010
By Buck Wargo

From building boom to recessionary bust, local real estate market was a wild ride that went south

If you like a roller-coaster ride, that’s exactly what happened to the Las Vegas real estate market over the past decade.

11 June 2010
By Buck Wargo

May foreclosure filings down, but Nevada still ranks No. 1

Foreclosure filings fell by double-digit margins in Nevada in May, but the state still kept its No. 1 national ranking. The 14,346 filings in May were nearly 12 percent lower than April and 16 percent below their level of a year ago, according to California-based RealtyTrac.

9 June 2010
By Buck Wargo

Las Vegas homes sales slip in May as prices hold steady

The end of the homebuyer tax credit curtailed sales in Southern Nevada in May as prices held steady, according to statistics released today by the Greater Las Vegas Association of Realtors.

8 June 2010
By Buck Wargo

Walgreens will anchor $25 million parcel across from CityCenter

The 2.16 acres of land bought by BPS Partners, which includes developer Brett Torino, has been approved for the development of a three-story, 100,00-square-foot retail center. Harmon Avenue is seen in the background.

The Strip may not need another hotel room or blackjack table, but apparently gamblers can always use more aspirin.

3 June 2010
By Joe Schoenmann

Building boom in Las Vegas? Not so

A New York Times story notwithstanding, Las Vegas is not in the midst of a new-home building boom. The story in the Times raised eyebrows for reporting that building was booming in a city of empty houses.

1 June 2010
By Buck Wargo

CityCenter condo closings slow in down economy

A look at the new model condos April 14, 2010, at the Mandarin Oriental Las Vegas at CityCenter.

The closing of condo sales at CityCenter has gotten off to a slow start, according to analysts who track the housing market. Through the end of April, MGM Mirage and Dubai World, the owners of the project, have closed on 78 of 1,543 units at the Vdara condo-hotel, according to SalesTraq.

28 May 2010
By Buck Wargo

Las Vegas building boom? There is no building boom

In case anybody is wondering, Las Vegas doesn’t have a building boom when it comes to new-home construction.

28 May 2010
By Buck Wargo

Q&A: Linda Rheinberger, Nevada Association of Realtors

Linda Rheinberger, president of the Nevada Association of Realtors, works with lawmakers in Washington and Carson City on behalf of her organization.

Linda Rheinberger is Nevada’s top advocate for the residential real estate industry.

28 May 2010
By Buck Wargo

Report: Las Vegas home prices continue to show weakness

Las Vegas home prices fell again in March as the city continued to be among the worst performers in the closely-watched Standard & Poor's/Case-Shiller Home Price report covering 20 big U.S. markets.

25 May 2010
By Steve Green

Reform to boost medical office occupancy

Southern Nevada’s medical office market is expecting a boost from health care reform that will add to the number of insured people and bolster demand for medical services.

21 May 2010
By Buck Wargo

Foreclosures on land pushing prices back to 2003 levels

Banks aren’t shying away from taking back land from owners defaulting on their payments and that in turn is driving Southern Nevada land prices to their lowest level in seven years.

21 May 2010
By Buck Wargo

Hughes Center cuts rent, steps up marketing

Robert Boykin Jr., left, Thomas Stilley and Lizz Stilley of Crescent Real Estate Equities stand outside of the Hughes Center, a premier Las Vegas office park.

One of the most prestigious office complexes in Las Vegas hasn’t been immune to the recession. The Hughes Center has lowered rents by up to 20 percent and has undertaken a campaign to aggressively market itself.

21 May 2010
By Buck Wargo

Report: Home prices at highest level since March 2009

The price of existing homes in April in Las Vegas rose to its highest level in more than a year, according to figures released Tuesday by SalesTraq.

18 May 2010
By Buck Wargo

Survey: Local economic recovery not seen in near future

Local business leaders remain pessimistic about a recovery in Southern Nevada’s economy anytime soon and are hesitant to hire people and make capital expenditures, according to a survey by UNLV’s Center for Business and Economic Research.

14 May 2010
By Buck Wargo
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