Las Vegas Real Estate News

Retailers adjusting to local consumer-buying patterns

The slowdown in consumer spending that has driven up retail vacancy rates and brought down rents may also be the remedy for that sector improving, according to a local research firm.

16 April 2010
By Buck Wargo

New-home communities take a step back

Inspirada in Henderson was the one big local master-planned community to record a sales increase in 2009 despite the slow market.

Las Vegas is losing its edge when it comes to master-planned communities.

16 April 2010
By Buck Wargo

Industrial market plagued with rising vacancies

The economic downturn that has shuttered businesses has taken a toll on the Las Vegas industrial market.

16 April 2010
By Buck Wargo

Free fall may be over for Las Vegas office sector

Southern Nevada’s office market is showing signs of recovery and has seen the end of the free-fall it experienced in 2008 and 2009, according to a first quarter report from Colliers International.

16 April 2010
By Buck Wargo

Developer Juliet remains in building mode

John Stewart, a principal of Juliet Cos., is shown on the pad of a building under construction in front of the Green Valley Crossing shopping center in Henderson.

In an environment when most developers are on the sidelines in a market saturated with retail, Juliet Cos. is moving forward, albeit cautiously.

16 April 2010
By Buck Wargo

Las Vegas commercial market not out of the woods yet

Las Vegas housing analysts contend the market has hit bottom, but observers of the commercial market say there are several more innings until their game is over.

16 April 2010
By Buck Wargo

Mandarin Oriental at CityCenter unveils model condominiums

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

More than four months after debuting its Las Vegas hotel, Mandarin Oriental at CityCenter unveiled its model condos Wednesday in an effort to grab more luxury buyers.

15 April 2010
By Amanda Finnegan

Las Vegas foreclosure rate increases in March

The number of foreclosure filings on Nevada homes rose nearly 34 percent in March compared to February, and the delinquency rate for homeowners is also on the rise, according to statistics released by research firms.

14 April 2010
By Buck Wargo

Las Vegas broker luring wealthy home seekers with private jet

High-end niche: Ken Lowman is shown in a home formerly owned by actor Nicolas Cage that recently sold out of foreclosure for $4.95 million.

Instead of organizing bus tours for investors in foreclosed homes, Las Vegas luxury home broker Ken Lowman is lining up private jet tours in which he's flying potential buyers to Las Vegas.

9 April 2010
By Steve Green

Surviving a recession can be hard, but can be done

The Great Recession has been tough on small businesses, especially retailers, but they can overcome the challenges and be successful, according to one of the nation’s leading small-business experts.

9 April 2010
By Buck Wargo

Cosmopolitan to refund portion of condo deposits

A view of the Cosmopolitan under construction just north of MGM Mirage's CityCenter project on Friday, March 6, 2009.

The Cosmopolitan has given new hope to real estate investors desperate to get refunds on deposits for overpriced condos on the Strip.

9 April 2010

March home sales get boost, prices up slightly

The arrival of spring brought out more homebuyers in March with sales rising 33 percent over February and prices getting a slight boost as well, according to statistics released Wednesday.

7 April 2010
By Las Vegas Sun Staff

Dallas company assumes some assets of Rhodes Homes

Dallas-based Dunhill Homes today announced that it has launched homebuilding operations in Las Vegas by assuming some of the assets of Rhodes Homes.

5 April 2010
By Buck Wargo

New program: $3,000 for 'underwater' homeowners who sell

The Obama administration announced Monday it will give $3,000 to homeowners who complete a short sale on their home, which is when a home is sold less than it's worth. The program is expected to help homeowners in areas where prices have dropped significantly over the past few years, such as Las Vegas.

The government launched a new effort on Monday to speed up the time-consuming, often-frustrating process of selling your home if you owe more than it's worth. The Obama administration will give $3,000 for moving expenses to homeowners who complete a short sale or turn over the deed to the lender.

5 April 2010
Staff and wire reports

Trump gets financing, analysts cheer loan

While the recession continues in Southern Nevada and lenders are leery of loaning money for projects, news that Donald Trump has secured long-term financing for the Trump International has generated some optimism.

2 April 2010
By Buck Wargo
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