New York real estate heavyweight Related Companies is partnering with Wynn to pursue a casino license, with plans for a project in Manhattan.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
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Buyers in Las Vegas and around the U.S. are hitting the brakes.
Strada Development Group has filed plans for a 22-story project in downtown Henderson.
The Las Vegas housing market looks dramatically different than it did just several months ago.
The locals-focused company is set to shake up its real estate portfolio through a mix of development, land purchases, demolition, and sales.
Sales have been tumbling in Las Vegas and around the U.S., and if borrowing costs keep falling, it could spark more buying activity.
Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Southern Nevada’s housing market is no stranger to volatility — and lately, it seems the industry is on anything but even ground.
Locally and nationally, the number of price cuts rose for the third consecutive month in May.
A recent deal at almost $6 million per-acre didn’t even come close to a sale up the street.
Some Amazon buildings in North Las Vegas all sold a year or so after they were built, and prices have skyrocketed.
Housing markets are prone to ups, downs and other shifts, especially in Las Vegas, and there’s no telling how long the current trends will last.