Life Time spokeswoman Natalie Bushaw said its roughly 15-acre plot “is still a planned Life Time athletic resort destination.”
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
Before last year, Las Vegas’ median house price peaked in mid-2006 at $315,000 – which, adjusted for inflation, is $423,834 in today’s dollars.
Vici Properties and The Blackstone Group are emerging as two of the biggest players on Las Vegas Boulevard.
After going up in flames early last year, the home was listed for sale July 22, and six different investors made offers.
The Calida Group has drawn up plans for two projects totaling around 450 rental homes in Henderson’s Cadence community.
Sales in the luxury community have accelerated alongside Southern Nevada’s broader housing market.
Lone Star Funds, former owner of the site along Las Vegas Boulevard, obtained county approval in 2012 for a 7 million-square-foot project.
Nearly 87 percent of previously owned single-family homes that sold in May had been on the market for 30 days or less, up from about 64 percent of the house sales in January.
After three Las Vegas casino-resorts debuted during the pandemic, no others are officially scheduled to open anytime soon.
Coming out of the Great Recession, various plans to build massive hotels, complete an unfinished skyscraper, and construct an arena on the north Strip have produced hardly any visible results.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Fueled by cheap money, housing markets across the country have accelerated with rapid sales and rising prices.
Longtime developer Bob Schulman wants to build another upscale rental project, right near Southern Nevada’s newest high-profile residents: the Raiders.
Real estate pros point out that there are key differences between today’s hot streak and the doomed housing market frenzy of a decade-and-a-half ago.
Executives said on a conference call with analysts that Station plans to develop a casino on its 71-acre parcel near Ikea.
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