Few cities in the country have been hit harder by the Great Recession than Las Vegas;' neighbor to the north. But new Mayor John Lee has something to smile about...
A top clean-energy executive at NV Energy has left the company and reportedly joined Apple. Bobby Hollis, former vice president of renewable energy and origination at Nevada’s main electric utility, is now senior renewable energy manager at ...
Bally posted record quarterly revenue, thanks in part to its new table-products line of business, which it acquired last year when it bought Las Vegas casino supplier ...
Almost a year after moving to town, a fast-growing but money-losing Silicon Valley solar-panel installer is ready to bring sun power to Las Vegas. SolarCity Corp. says it’s taking its first orders for residential service in...
Flipping, the get-rich-quick tactic that pushed Las Vegas home prices to absurd heights in the boom years, is declining in popularity this year after a boost in 2013. The sales, in which homeowners unload...
As any real estate agent is quick to point out, home ownership in Las Vegas becomes cheaper than renting at a faster pace than in most other cities. Just a year ago ...
As baby boomers age and physicians retire, demand on medical professionals will only increase throughout the nation, but few areas are prepared to handle it, least of all Southern Nevada ...
The parent company of Las Vegas-based Allegiant Air, a discount carrier that connects small cities to resort destinations, reported earnings today for the quarter ending March 31. The carrier, with small base fares and lots of add-on fees...
Developers of the Shops at Summerlin have lined up some fancy digs for those who want to live steps from the massive, outdoor Las Vegas mall. Howard Hughes Corp. announced plans today for...
Las Vegas homebuilders sold fewer houses and cut back on construction plans last quarter, but they enjoyed a continued rise in prices. Developers in Southern Nevada sold...
Las Vegas home values keep on climbing. The median home value in the quarter ending March 31 was $170,900, up 22 percent from a year earlier. The growth rate was ...
The Las Vegas Global Economic Alliance has released a report saying dozens of companies that considered moving here picked other cities largely because of a dearth of big, available industrial properties ...
They’re running behind schedule, but followers of the late Rev. Sun Myung Moon are still bringing a “Peace Palace” to America’s gambling mecca. The Unification Church, known for its mass weddings, extensive business holdings and cult-like founder, plans to finish construction of its 93,000-square-foot convention and training center on Bermuda Road at Sunset Road by year’s end. General contractor Steven Kwon attributed the delay to ...
The Shops at Summerlin is slated to open near the end of this year. But after the ceremonial ribbon has been cut, after the congratulations and adulations are doled out, what exactly will shoppers walk into?
When high rollers come to Las Vegas, they expect to be treated like royalty, to spend a weekend living out a hip-hop video — all comped, and all in exchange for laying down bets. And they expect these perks to be delivered by ...
Nevada’s foreclosure rate was sixth highest in the country last month, after Florida, Maryland, Indiana, Ohio and Illinois. One in every 701 housing units statewide received ...
Bob Elkins talks about his own "Dallas Buyers Club"-like story, the possibility of a "gayborhood" downtown and his experience being outed to his parents by national media ...
The group that promotes Las Vegas tourism expects a slight bump in revenue next year, but is trimming its advertising and marketing costs. The Las Vegas Convention and Visitors Authority unveiled its...
In Las Vegas, home prices have been climbing at one of the fastest rates in the country as investors, looking to capitalize on the housing crash, bought cheap homes in bulk to ...
The famed underground house near Flamingo Road was built as a spacious Cold War bunker, to keep people alive and entertained in case the Soviets wiped out Las Vegas with ...
Michael Toscano, president and CEO of a drone-industry lobbying group in Arlington, Va., sees big potential, and big dollars, for unmanned aircraft in Nevada. But "drone" isn't his favorite term because...
The owner of Tivoli Village is looking to sell half its stake in the stylish retail and office center, amid a corporate shake-up and just months after breaking ground on the project’s long-awaited final portion. IDB Group, an Israeli conglomerate, wants to sell...
For vandals on the prowl, Centennial Hills Center was just too tempting. They smashed windows, sprayed graffiti and ripped out the copper from the abandoned medical-office project. As if to rub it in, they even set the elevator on fire. Some investors now bet that the Las Vegas property, despite its trashed and troubled past, will prove a big money-maker ...
Las Vegas’ home construction market is softening, but that doesn’t mean buyers are scoring big, widespread discounts yet. Local builders sold 433 new homes last month, down 15 percent from a year earlier, according to a new report from Las Vegas-based Home Builders Research. The slowdown comes amid...
The new owner of Boulevard mall has big plans for the redevelopment of the aging retail property. He is negotiating with retail tenants and has plans for...
Seven Hills Behavioral Institute owner Acadia Healthcare Co. bought an undeveloped lot this month from Church LV for $3.8 million, property records show.
Property values are rising at some of the fastest rates nationally, with used-home prices jumping 27 percent in the past year and new-home prices soaring 36 percent. Many listings receive multiple offers as investors gobble up homes to turn into rentals. At the same time, though ...
Las Vegas’ economy took a dive with the Great Recession, but in the past few years, tourism numbers have climbed across the board. That’s not the case in Laughlin, which continues to sink
Sunday, March 16, 2014
The town, with nine casino-resorts clustered along the banks of the Colorado River, lured 2 million visitors last year and generated $455 million in gambling revenue. But tourism, the only major industry in Laughlin, has been declining for years ...
With construction underway again at the Shops at Summerlin, the developer is slamming his predecessor for abandoning the project due in part, he said, to...
One in every 633 Nevada housing units received a foreclosure-related filing in February, down 16 percent from January and 49 percent from February 2013. Silver State homeowners weren’t the only ones facing...
Mulugeta Kassahun came of age in violent, revolutionary east Africa, leaving home to join a rebel group that fought Ethiopia’s military junta with street assassinations and guerrilla warfare. He didn't dream of America, but he has achieved the American dream. “He’s so not your typical doctor,” said former classmate Ali Borhan.
Slot-machine maker Bally Technologies has bought almost 14 acres of land in southwest Las Vegas, with plans to turn the former headquarters site of a rival into its own home base.
The house at 2520 Castlesands Way is as unique as they come in Las Vegas. Much of its sordid past is all but impossible to verify, passed on by a recent occupant and others who know about the home. But even if a fraction of their tales are true, the house has...
As the Las Vegas economy starts to regain its footing, investors buy into strip malls
Sunday, March 2, 2014
Prices are low, so retail centers are being snatched up left and right. But are we falling into the same trap that sent us into the Great Recession in the first place?
About 35 percent of valley homeowners with mortgages were upside down last quarter, which is dramatically lower than the peak of 71 percent in 2012. For the drop, we have investors to thank.
Howard Hughes Corp. reported today that it expects to close on a $312 million loan to cover much of the construction costs for the Shops at Summerlin in...
Las Vegas-based Southwest Gas, which provides natural-gas service to 1.9 million customers in Nevada, Arizona and California, reported its fourth-quarter 2013 earnings today.
When I moved to the valley a year and a half ago, I knew I was coming to a place with high unemployment, a battered housing market and sluggish tourism. Little did I know just how messy things would be.
A popular grocery chain has joined the growing list of expected retailers at the Shops at Summerlin. Trader Joe’s signed a lease for an 11,700-square-foot store at the shopping and office complex near Red Rock Resort, the company said today.
The median value of Las Vegas-area homes rose to $168,800 in January, and values are expected to continue climbing locally this year but at a slower rate than in 2013.
The market for the construction of new homes in Las Vegas started the year somewhat of a dud. Southern Nevada builders sold 401 new homes last month, down 22 percent from January 2013, according to a new report from Las Vegas-based Home Builders Research.
Brandon Wade isn’t your typical relationship guru. The former physics and electrical engineering student struggled to get dates and didn’t have his first kiss until he was 21. Now, on Valentine's Day, the man behind such Las Vegas-based dating sites as SeekingMillionaire.com and SeekingArrangement.com discusses why the city is the ideal place for his business.
Banks seized a rising number of homes from delinquent Nevada borrowers last month, keeping the state’s foreclosure rate one of the worst in the country.
Blue Bell Ice Cream plans to open a distribution center near the Las Vegas Motor Speedway on March 3 and will serve customers in the Las Vegas Valley, Mesquite and Pahrump.
Las Vegas home prices were flat in January, a not-unexpected slow start to the year. The median sales price of previously owned single-family homes in Southern Nevada last month was $185,000.
Nevada is one of 15 states that lets people form “asset protection trusts” to guard stocks, bonds, real estate and other assets from creditors. Businesspeople who frequently get sued, including doctors and contractors, often use them to safeguard their wealth.