A Southern California lender and financial advisory firm has expanded to Las Vegas. First Foundation, based in Irvine, opened an office this month at 6725 Via Austi Parkway, near the southwest corner of McCarran International Airport’s airfield.
Las Vegas Valley home values kept soaring last month, far outpacing most of the country. The region’s median home value was $151,600 in July, up 31 percent from a year earlier, according to a new report from Seattle-based housing data firm Zillow.
Las Vegas nonprofits feed the poor, shelter the homeless and help the mentally disabled. But behind the scenes, some of the most well-meaning groups can be an operational mess.
Sugar Factory, the celebrity-splashed dessert chain with stores on the Strip, is opening its first Las Vegas shop outside the resort corridor. But not too far outside. Sugar Factory plans to open a 7,000-square-foot store this fall at Town Square, the 93-acre retail and office complex on Las Vegas Boulevard at Sunset Road, 2 miles south of the Strip, the company announced today.
Henderson pizzeria Settebello is one of several new businesses joining Village Square, a formerly distressed retail and office complex in west Las Vegas.
Goodwill of Southern Nevada is going upscale. The nonprofit used-clothing retailer and job-training organization is opening a store in Summerlin that will sell designer brands.
At kiosks crowding the walkways of Fashion Show mall, shoppers buy multicolored hair extensions, bedazzled cellphone cases and gaudy necklaces. They also buy real estate.
Imagine this: An investor buys your home as a short sale, and instead of forcing you out, allows you to stay in the house as a renter with the option to buy the place back. In many cases, such a deal could land you in jail. Now, it is forming the basis of a business model in the Las Vegas Valley. Real estate broker Dave Dziedzic, founder of RealCore Realty in Arizona, opened an office in Las Vegas this year to launch Housing Angels, which connects investors with underwater homeowners.
Warren Buffett’s purchase of NV Energy will be a financial bonanza to the utility's stockholders, and the board of directors is no exception. Filings with the Securities Exchange Commission show that each board member is poised to cash in big on Buffett.
Despite an expected slowdown, Las Vegas housing prices keep going up. The median price of a previously owned single-family home sold in Southern Nevada last month was $180,000, up 35 percent from $133,000 a year earlier.
Itching to move your tech startup from the living room to a real office? If the only thing keeping you back is the rent, fret no more: Using a geeked-out application process, you can land downtown Las Vegas office space for $1 a month.
Las Vegas-based Southwest Gas, which provides natural-gas service to 1.9 million customers in Nevada, Arizona and California, reported its second-quarter earnings today.
Fewer Nevadans are behind on their mortgage payments this summer than last summer, but the state's delinquency rate remains one of the highest in the country. Nevada had a 7.7 percent mortgage delinquency rate for the three months ending June 30, meaning almost eight out of every 100 residents with home loans were at least 60 days past due, according to a new report by TransUnion, a Chicago-based research firm.
John Oceguera just got flipped. The former Nevada Assembly speaker and failed congressional candidate bought a two-story, 3,640-square-foot Las Vegas house a few weeks ago for $499,000 — less than two months after the seller got it for $250,000, property records show.
Anthony Simmons knows a bit about housing bubbles. While a linebacker for the Seattle Seahawks a decade ago, Simmons also flipped houses in Las Vegas. Then came the crash and the near destruction of the economy. Now housing prices are soaring again, but he is wary of the surge.
This is one expensive shoe box. A condo — all of 599 square feet — on the 56th floor of the Cosmopolitan’s east tower recently sold for $675,000, or $1,126.88 per square foot.
When it comes to cyberspying and computer hacking, it might seem like only large companies and government agencies are at risk of attack. But as cybersecurity pro Chris Coleman sees it, small companies and everyday people should be worried, too.
Las Vegas Valley home values have soared in recent months, but Southern Nevada gave up its spot as the country’s top growth market. The region’s median home value was $147,700 in June, up 7.8 percent from March and up 29.4 percent from June 2012.
Welcome to Nevada, a great place for business. A state overflowing with shell corporations. A place where corporate taxes practically are unheard of. A land where executives aren’t bothered by certain kinds of lawsuits. A safe haven from nosy outsiders and stockholders who want to know more about your company.
Flipping homes in Nevada is not as profitable or as common as it is nationally, a new report shows. Single-family homes were flipped 2,923 times in the first six months of the year in Nevada.
Las Vegas Valley homebuilders bought at least 74 acres of public land at auction this week, another sign of the region’s increased appetite for new housing.
The new dean of UNLV’s business school is in line for a big pay raise over his predecessor. Brent Hathaway, dean of the University of Wyoming’s business college, will earn a $339,000 annual salary.
Vantage Lofts, a mothballed Henderson condo project, has been sold and is said to be headed for completion. Again. Southern Nevada developer Rothwell Gornt Cos. sold the partially built 110-unit project this month for $10 million to Seattle property manager and investor John Goodman.
Southern Nevada’s economy will continue to improve this year and next but will faces hurdles in real estate, finance and tourism, according to a new economic forecast for the region.
Last month, Gov. Brian Sandoval signed a bill that is supposed to make it easier for banks to foreclose on delinquent homeowners. So far, things haven’t quite worked out that way.
Las Vegas home prices kept rising last month even though the valley’s inventory shortage, a key reason for the market’s turnaround, showed signs of easing.
The Shops at Crystals, the luxury Las Vegas mall that opened during the recession and still struggles for shoppers, will get a handful of new tenants this year. Three stores are expected to open in August at the Strip property.
Wayne Newton may have bid farewell to Casa de Shenandoah, but the crooner has another growing compound in the works. Newton and his wife spent $5 million last month on 10.3 acres of real estate near their new mansion at East Oquendo and South Gateway roads in Las Vegas.
A formerly mothballed real estate development near the Strip has sold for $117 million. Wyndham Worldwide Corp. last week sold its partially-completed Desert Blue high-rise on Twain Avenue to clients of Guggenheim Partners.
The Big Hurt has sold his big house in Henderson. Former baseball slugger Frank Thomas sold his two-story, 7,731-square-foot Seven Hills mansion to Texas businessman Shawn Byrum for $2.38 million this month.
Topless shows, machine-gun shooting and high-stakes gambling are just a few of the attractions Las Vegas offers around the Strip. Starting this fall, can add muscle cars to the mix. Las Vegas-based Shelby American is consolidating its local operations into a 135,000-square-foot facility about 2 miles south of the Strip.
Rico Unzueta doesn’t normally eat spreads like Nutella, but recently, he has been munching on a spoonful of cookie butter every night after dinner. The Las Vegas property manager has bought almost 40 jars of Speculoos Cookie Butter from Trader Joe’s, going three times a week for the past three weeks to stock up. He has kept only two jars for himself, though. The rest are for his family in Hawaii.
The housing bust toppled tons of houses in Las Vegas, even flamboyant pianist Liberace's mansion. The late musician’s former house at 4982 Shirley St. went up for sale last week for $529,900, more than $3 million less than what it sold for during Las Vegas' housing boom.
So long to the promenade. Work crews are getting ready to replace the District at Green Valley Ranch’s main pedestrian pathway with a two-way street. Fences were put up around the promenade this week, gobbling up large portions of the mixed-use center’s main corridor. Work will pick up in the coming weeks.
Now 85 and still working part-time at Meadows Bank, the self-described “old-fashioned banker” built her career at a time when many women were confined to secretarial jobs. She transcended traditional gender roles to become one of the most well-known bankers in the valley – a local celebrity of sorts.