Las Vegas homeowners on the path to foreclosure pack up and leave more often than most struggling borrowers around the country. The Las Vegas area has a “zombie” foreclosure rate of ...
Blue Heron is developing three communities of high-end, desert-themed luxury homes in Henderson and building custom homes around the valley. Co-owner, lead designer and Las Vegas native Tyler Jones tries to blend indoor and outdoor space, and subtly packs his cube-shaped homes with ...
Nevadans may not be on the edge of financial disaster anymore, but their personal finances remain among the worst in the country, with many unable to “build a ...
Las Vegas homebuilders, after bouncing back strong from the recession, had a lackluster 2014. Sales volume dropped hard, prices were volatile, and after ramping up construction plans in the first half of the year, developers pulled back sharply ...
With federal regulators scrutinizing payday lenders, activists in Las Vegas and across the country will take to the streets to protest an industry known for its sky-high fees. The Progressive Leadership Alliance of Nevada plans to ...
Stardust. Desert Inn. New Frontier. Dunes. All famed Las Vegas casinos, all imploded in spectacular fashion. Add a property to this list of dynamite and destruction: the Gramercy ...
Real estate investor Chris Dornin, who buys financially troubled buildings in states slammed by the recession, has inked another deal in Las Vegas. Dornin recently bought City Centre Place, a six-story, 104,000-square-foot office building downtown, for ...
Less than a year after buying most of Showcase Mall, a group of New Yorkers has apparently bought another chunk of the Strip retail hub for big dollars. Jordache jeans founders the Nakash family, real estate investor Eli Gindi and home-curtains manufacturer Elyahu Cohen have teamed up, property records indicate, to buy ...
After the Las Vegas housing market hit bottom in early 2012, bargain-hunting investors bought houses in bulk and pushed up prices valleywide — even for homes that had been trashed by vandals or past owners. But now, as the market cools and investors back out, busted houses ...
Las Vegas used-home prices inched up last month to cap another year of growth, albeit a much slower rate than previous years. The median sales price of a single-family house was ...
In 2014, investors built retail, apartment and office projects in the suburbs, the housing market stayed volatile and new projects were proposed and took shape along the Strip. After a busy year, what lies ahead?
Beal Bank USA’s headquarters in Summerlin is as plain and suburban as they come. It’s a strip-mall storefront, just two doors from a Domino’s Pizza and near a Hallmark store and ...
If all goes as planned, the investors not only would give Las Vegas its first big-league sports club but also boost amateur hockey — a far smaller but still lucrative line of business ...
Discount carrier Allegiant Air has written down the value of some planes, partly because of a sliding resale market. The Las Vegas-based airline’s parent, Allegiant Travel Co., said today it’s taking ...
A Pacific Northwest grocery chain is entering Southern Nevada with the purchase of seven Albertsons and Vons stores. Haggen, based in Bellingham, Wash., is buying the groceries as part of a 146-store acquisition in the western U.S. that stems from ...
Some 27.8 percent of local homeowners with mortgages were upside-down — meaning their debt outweighs their home’s value — in the third quarter. That’s down from 39.6 percent a year ago and ...
With home sales and construction plans sliding and prices flat, there’s little reason to feel “warm and fuzzy” about Las Vegas’ housing market next year, a new report says. Builders sold ...
Frank Martin, the 67-year-old co-founder of Martin-Harris Construction, helped build Las Vegas, turning dirt lots into schools, office buildings and casinos. His company was hit hard by the recession, but survived. But now, with business improving, Martin is ready to call it a ...
Mortgage fraud is rising nationally and remains more active in Nevada than in almost every other state, a new report shows. Some 74 percent of U.S. home loans last year involved ...
The Olympia Companies has sold 80 acres at Skye Canyon — a fraction of the 1,700-acre project site — to Pulte Homes and Woodside Homes, executives said today.
Despite the still-sluggish economy in the Las Vegas Valley, investors are building a burst of higher-end rental complexes with larger units, lots of amenities and much higher prices. It’s unclear how many people want — and can afford — to live in them all, and whether too many developers are ...
The slowdown in Las Vegas' housing market is poised to continue next year, a new report says, as investors keep pulling back from the valley. The median price of single-family homes sold through the Greater Las Vegas Association of Realtors’ listing service in November was ...
Years after buying the project site, nightlife entrepreneur Victor Perrillo is building an events facility on the cusp of Fremont Street’s rowdy bar scene. Construction is underway at ...
Las Vegas was almost wiped off the map by financial hurricanes during the recession. But as things improve nationally and in America's gambling mecca, some problems just won't go away. The valley has made strides, but ...
Homebuilders and other investors purchased 415 acres of land at a government auction today. The U.S. Bureau of Land Management sold the parcels, all in the southwest valley, for ...
Allegiant Air is getting in on Thanksgiving sales mania again and — like many retail stores — it’s betting that customers will start bargain-hunting in the middle of the night. The Las Vegas-based discount carrier said ...
A Pahrump electric utility is opening a satellite office in Las Vegas. Valley Electric Association, which serves about 45,000 people, has signed a lease for 6,500 square feet in Red Rock Business Center between Russell and Sunset roads just east of the 215 Beltway, in the southwest valley.
Southern Nevada homebuilders continue to struggle this year, with lower sales and a rising volume of canceled deals, a new report shows. Local developers sold ...
Real estate investors aren’t flipping homes in Nevada as often as last year, but they’re still more active than flippers nationally. Flipping slowed nationally to ...
Las Vegas-based Allegiant racks up consistent profits selling cheap airplane tickets with a bevy of add-ons, but some people view its latest fee as particularly unreasonable. On Sept. 1, the airline began charging customers, with some exceptions, $5 to print a boarding pass at airport ticket counters. But fliers are paying, and the fee is padding Allegiant’s earnings ...
Housing is a volatile business but seems more extreme in Las Vegas, with its long history of fast-paced construction, out-of-town investors and transient residents.
One of the largest construction firms in Southern Nevada is being sold. Martin-Harris Construction owner Frank Martin is selling his company’s assets to ...
Phil Maloof’s rooftop penthouse at the Palms is packed with opulence, but after sitting on the market for five months without luring a buyer, his listing agents have thrown in one more perk: A Lamborghini. Under a fittingly flashy promotion, whoever buys Maloof’s $38 million Las Vegas party pad will get a two-year, pre-paid lease on a 2015 Lamborghini Huracán, with an option to ...
At its opening extravaganza last month, Summerlin’s massive new retail center had fireworks, live music, food trucks and lots of visitors. The 1.6-million-square-foot Downtown Summerlin ...
With construction picking up in Las Vegas, some contractors are having trouble finding qualified workers. The Las Vegas area had 43,600 construction workers as of September ...
The former ManhattanWest, the stylish retail, office and residential complex that sat unfinished for years at Russell Road and the 215 Beltway, is being being completed by WGH Partners, which also is finishing construction on an abandoned condo project on Cactus Avenue at Bermuda ...
In a region still stung by foreclosures, Henderson officials have kicked off the latest effort to track abandoned homes and prevent them from falling into disrepair. Nevada’s second-largest city this week launched a foreclosure registry at registerhenderson.com to monitor homes that are ...
Discount grocer Food 4 Less is ditching Las Vegas. Management said today it is converting six locations in the valley to Smith’s Food & Drug stores — both brands are owned by Kroger Co. — and closing eight others as it exits the Las Vegas market. The conversions and closures will take place by early next year. Food 4 Less employs ...
Some 15.3 percent of Las Vegas-area households reported using an “alternative financial service” in the past 30 days when surveyed last year, compared to 12 percent nationally. Another 14.6 percent of local households had used such services in the past year, versus ...
Owners of the Hughes Center are bringing a slate of new eateries to the Las Vegas office park. The Blackstone Group, which bought the 68-acre property last year for $347 million, recently started construction of ...
A sluggish year for Las Vegas homebuilders isn’t expected to pick up anytime soon, a new report says. Local builders sold 605 new homes last month, bringing the year’s total to ...
Developers of Ascaya, the long-delayed mountain-mansion project in Henderson, have sold their first lot — a 0.46-acre parcel for $925,000. The sale closed Friday, property records show, and sales of two other lots are expected ...
Federal labor officials have recovered almost $2 million in unpaid compensation for workers at a 1,600-acre solar-panel plant near Tonopah. The U.S. Department of Labor said today it recovered about $1.91 million in back wages and fringe benefits for ...
The parent company of Las Vegas-based Allegiant Air, a discount carrier that connects small cities to resort destinations, reported earnings today for the third quarter ending Sept. 30. Allegiant, with small base fares and lots of add-on fees, said its average total fare ...
A few months after selling the Atomic Liquors building to Downtown Project, the bar’s bosses have plunked down a few million for an office building in ...