The Las Vegas Chamber of Commerce is changing its name and rolling out new efforts to help the valley’s budding startup businesses — and possibly sign them as members.
Former North Las Vegas Mayor Mike Montandon has left his job as managing director of the Las Vegas office of Voit Real Estate Services to become managing partner at Insight Investment Partners, a real estate investment firm.
Nevada homeowners will improve their mortgage delinquency rate next year as they fall slightly further behind on credit card payments, a new report says.
A San Diego developer has finished construction of the first phase of a solar power plant in Boulder City. The 92-megawatt phase consists of nearly 1.5 million solar panels that can power about 27,600 homes.
George Cartwright for over a decade has worked on business transactions such as real estate deals, casino projects and media buyouts — experience that makes him ideally suited for one particular job: president and CEO of the Better Business Bureau of Southern Nevada.
When the 2012 Wrangler National Finals Rodeo gallops into Las Vegas this week, thousands of cowboys and cowgirls will stream into town to watch. They’ll bring their hats, boots and spurs — and to the delight of local businesses, their wallets. Bars and restaurants along the Strip will try to cash in on the crowd with drink specials, product giveaways and other deals. Few are as well-suited to draw them in as Gilley’s Las Vegas.
A company linked to a Silicon Valley software firm has pushed into the Las Vegas real estate market, spending more than $90 million on two recent deals. WTI Inc. acquired 163 units last month at the Esplanade residential complex off South Durango Drive near the 215 Beltway. It also snapped up the 840-unit Renaissance Villas apartment complex on West Tropicana Avenue near South Decatur Boulevard in late October.
Developers of the Shops at Summerlin have signed their second anchor store, giving another boost to the long-delayed project. Howard Hughes Corp. said Monday that Dillard’s will operate a two-level, 200,000-square-foot department store scheduled to open in fall 2014.
Hair loss, insomnia, birth defects, dead pets and terrorist attacks. These are some of many concerns Nevadans have had about NV Energy’s new electronic “smart meters.”
The Las Vegas area housing market continues to outperform last year with rising sales and more building permits. There were 593 new home sales in October in the valley, according to a new report from Las Vegas-based Home Builders Research.
Pedestrians strolling through The District at Green Valley Ranch might soon be replaced with drivers jostling for parking spots. Owners of the mixed-use center filed plans with the city on Monday to alter the main pathway.
The Los Angeles City Council has approved buying renewable energy from a solar plant slated to be built on Moapa Paiutes tribal land 30 miles northeast of Las Vegas.
The valley is experiencing a startup boom that has produced entrepreneurs who, sometimes with minimal capital, are building tech companies. Many are focused on social media, but other ideas are being hatched as well, including mini-robots, video streaming and Internet-based phone services.
The Las Vegas Valley can learn a lot from Richard M. Daley. Daley was mayor of Chicago for more than two decades, turning it into one of the top cities in the world with strong businesses, culture and tourism. Thursday afternoon, he flew to Las Vegas to explain how he did it and to offer advice about how Las Vegas can become more than just a destination for gamblers and conventioneers.
Las Vegas had fewer underwater homeowners in recent months but remained high atop the country’s hardest-hit list. Some 63 percent of Las Vegas Valley homeowners with mortgages were underwater.
Nevada had the second-highest foreclosure rate in the country in October, with 1 in every 352 housing units saddled with foreclosure-related filings, according to a report published today by RealtyTrac.
A medical website that lets patients find doctors and book appointments has expanded to the Las Vegas Valley. ZocDoc launched this week to help patients find local primary care doctors, obstetrician-gynecologists and eye doctors.
All across the valley stand half-finished buildings, abandoned construction sites and boarded-up condominium projects. To many, the abandoned structures and shelved projects are reminders of Las Vegas’ real estate bust. To a few, they signal opportunity.
The Las Vegas tech scene is a lot like other startup hubs around the country. Grown men in hoodies and sneakers tap away on laptops designing websites, iPhone apps and social media sites. But unlike in other regions, Las Vegas’ tech industry is short on a key ingredient: money. In spite of the city’s recent startup boom, there remains a small number of local investors willing to put cash into tech companies.
Most people would expect to get a discount when buying a foreclosed home. But Las Vegas home buyers on average received no discount at all in September when buying a seized home from a bank as compared to a traditional sale.
As CEO of City National Bank, Russell Goldsmith is a "banker to the stars." He finances movie production studios, music labels and talent agencies, with clients in Hollywood, New York and Nashville, Tenn. But entertainment isn’t his only line of business. City National, which has six branches in the Las Vegas Valley, also bankrolls real estate projects, issues government-backed loans to small businesses and manages investments for wealthy clients.
Las Vegas utility Southwest Gas Corp. slashed its third-quarter loss compared to the same period last year after a rate hike in Arizona boosted revenue.
After eight months of gains, Las Vegas Valley home prices have flattened out. The median sales price of a single-family house was $140,000 in October, the same as in September, but up 16 percent from a year ago, according to a report out today from the Greater Las Vegas Association of Realtors.
Meadows Bank said Friday that it tripled its third-quarter profit after selling government-backed loans. The loans “netted us a lot of money," CEO Arvind Menon said.
NV Energy had a strong jump in third-quarter profits as it spent less on fuel and power but had a bump in sales. The Las Vegas-based electric company said Friday it earned $223.2 million of net income for the three months ending Sept. 30.
Discount retailer Big Lots is opening a new store in Henderson this week. The Columbus, Ohio-based chain already has eight locations in the Las Vegas Valley. Its newest one is scheduled to open Thursday at 350 West Lake Mead Parkway, in the Lake Mead Crossing shopping center near Boulder Highway.
Las Vegas foreclosure levels kept sliding last quarter amid a national drop in distressed real estate. The Las Vegas Valley had the 25th highest foreclosure rate in the third quarter among the 212 U.S. metro areas with at least 200,000 people.
After sitting out the worst of the recession, Wal-Mart is again expanding its presence in the Las Vegas Valley. The Arkansas-based retail giant plans to build a 169,000-square-foot "supercenter” at the corner of South Rainbow Boulevard and Blue Diamond Road.
Piles of severed limbs. Hair and brain matter splattered on the walls. Corpses hanging from meat hooks. Welcome to Eli Roth’s Goretorium, a year-round haunted house that opened Sept. 27 on the Strip. Sounds fun, right?
Most people from the West Coast know and love Thrifty Ice Cream. Sold for years in its namesake pharmacy chain, the classic California dessert is known for its cylinder-shaped scoops, low prices and unique flavors such as Chocolate Malted Krunch. Most people might also assume that Thrifty Ice Cream can’t be found in Las Vegas, since it’s typically sold now only in Rite Aid stores in California. They'd be wrong. Thrifty cones soon will be available throughout the valley in stand-alone Thrifty Ice Cream parlors, thanks to a unique business venture from a seemingly unlikely source.
The developers of Tivoli Village near Summerlin might be some of the most bullish in Las Vegas. EHB Cos. and its partner, Israeli conglomerate IDB Group, built the high-end retail hub during the depths of the recession. The companies also built in 2007 One Queensridge Place, a complex of two 18-story condominium towers near Tivoli that today are more than 70 percent sold. Since then, they have unveiled plans for Las Vegas Renaissance, a 700,000-square-foot indoor mall across the street from Tivoli, and for a 200,000-square-foot retail center at the corner of West Sahara Avenue and South Hualapai Way, a few miles south of Tivoli.
After a short history, Service1st Bank of Nevada has been absorbed by a rival lender. Bank of Nevada’s parent, Western Alliance Bancorp., on Wednesday completed its acquisition of Service1st’s holding company, Western Liberty Bancorp. Service1st had only one branch and today it became a Bank of Nevada branch, Western Alliance CEO Robert Sarver said.
The Henderson City Council is one step closer to selling roughly 150 acres of land to developers who want to build a 2 million-square-foot industrial complex.
New home sales and permits soared last month in Las Vegas while closing prices slipped. The Las Vegas Valley had 591 new home sales in September, according to a report this week from Home Builders Research.
U.S. officials have finalized a plan to spur solar-energy projects on federal lands in Nevada and other Western states. And Sen. Harry Reid, a staunch advocate, made sure to take a jab at Nevada’s largest electricity provider, saying NV Energy refuses to consider some clean-energy efforts.
Nevada’s foreclosure rate plunged last month but was still high enough to keep the state in the top 10 of America’s worst-hit states. Nevada had the fifth-highest foreclosure rate in the country in September.
The two houses on Tilden Way look almost identical. They share similar colors, layouts and landscaping. But there's one big difference: One is rented, the other is owned.
Las Vegas home prices rose for the eighth consecutive month in September, thanks to the valley’s tight housing supply and a record number of short sales. The median sales price of single-family homes last month was $140,000, up 1.4 percent from $138,000 in August and up 13.5 percent from September 2011, according to a report out today from the Greater Las Vegas Association of Realtors. The median sales price of condominiums and townhouses was $70,250, up 2.6 percent from $68,500 in August and up 24 percent from a year ago.
A new data center is in the works for North Las Vegas. Telecom Real Estate Services plans to build a 13.8 megawatt facility inside an existing industrial building at 4527 Losee Road, just north of East Craig Road.
Fresh off announcing it will revive Shops at Summerlin, Howard Hughes Corp. got a thumbs-up from a Wall Street analyst who says its stock is undervalued. But investors didn’t seem to care.
General Growth Properties has sold its portfolio of 32 local office buildings, in one of the largest real estate deals in Las Vegas in years. The 1.1 million-square-foot portfolio in Summerlin was sold last week to Hines Interests LP and Oaktree Capital Management LP.