Overall, the valley’s single-family rental market has “held up rather well” during the pandemic, said Tom Blanchard, last year’s president of trade association Las Vegas Realtors.
Real Estate Insider
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
esegall@reviewjournal.com … @eli_segall on Twitter. 702-383-0342
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Las Vegas city and community leaders are scheduled to hold a news conference Tuesday to announce the creation of the Coalition to Make Homes Possible.
Southern Nevada homebuilders made more than 11,000 net sales last year, the most since 2007, according to figures from Las Vegas housing tracker Andrew Smith, president of Home Builders Research.
Southern California investment firm Sakioka Farms acquired Crossroads Commons , a strip mall at the southeast corner of Charleston Boulevard and Fort Apache Road, senior vice president of real estate Tom O’Meara confirmed Friday.
The Las Vegas housing market defied logic in 2020, but at least one thing mirrored prior years: The gap between the most- and least-expensive house sales was enormous.
Plans call for 1,343 residential units, around 240,000 square feet of commercial space, and underground parking.
Las Vegas was turned upside down by the coronavirus pandemic in 2020, and the real estate market was not spared the turmoil. But there were still some notable transactions this year.
The Henderson City Council approved a resolution formalizing its intent to sell nearly 9 acres of city-owned land on St. Rose Parkway to Anthony Marnell III.
With plans for an extreme sports park dead on the drawing board, its former project site in Las Vegas is now up for grabs.
Buoyed by shrunken borrowing costs, Las Vegas’ housing market has reached new heights multiple times during the pandemic.
But Derek Stevens’ project, Circa, opened its casino, restaurants and year-round pool complex in downtown Las Vegas on Wednesday. Its 777-room hotel tower is scheduled to debut at year’s end.
Los Angeles investor Jonathan Kermani bought the building for almost $4.3 million.
The new record shouldn’t be much of a shock, given the market’s surprising performance in an otherwise dreadful economy.
Developer Bob Schulman has opened another rental property crammed with amenities at a time when the coronavirus pandemic has battered Las Vegas’ economy and cast a shadow over the rental market.
