An improving economy boosted Southern Nevada’s commercial real estate markets in the first quarter. A new report from commercial brokerage Avison Young shows improvements in the industrial, office and retail sectors, and gives a few key trends to look for.
During last decade’s boom in Las Vegas, the construction crane became the unofficial state bird and a sign of an expanding economy. These days, there appears to be another barometer about how residents view the housing market and the local economy – the lowly, often dinged-up dumpster.
Union employees at the Southern Nevada Regional Housing Authority objected Thursday to the payment of nearly $1 million in legal fees, while the attorney blamed the union for driving his fees up.
Sales of new homes unexpectedly plunged in March to the lowest level in eight months, reflecting a broad-based retreat that signals the industry is facing bigger challenges than just bad weather.
The state will examine short sale practices in Nevada after concerns were raised by a Reno Gazette-Journal investigation published Sunday.
The Howard Hughes Corp. has announced plans for the first multifamily residential development in the 400-acre downtown Summerlin.
A six-month federal audit found two “significant deficiencies” at the Southern Nevada Regional Housing Authority, which provides housing for low-income people.
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
Nevada Attorney General Catherine Cortez Masto partnered with the Financial Guidance Center to conduct the Twitter town hall on Monday as part of the state’s Home Again: Nevada Homeowner Relief Program.
Yet another moribund victim of the recession has snapped back to life. This revival story is happening in northwest Las Vegas, where the 24-acre Centennial Hills Center shut down construction in 2008 after its lender, Lehman Bros., went bankrupt.
WASHINGTON — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.
A local new-home project will get a shot in the arm from a California investor.
It’s hard to single out the most noteworthy part of the recent sale of a local CVS drugstore. Maybe it’s the deal’s price tag, certainly the most expensive CVS ever sold locally. Perhaps it’s the shop’s location on the Strip just south of Sahara Avenue, which positions it as a harbinger of development to come.
Nearly half of the names on a list of Southern Nevada’s most active builders during the 2006 housing bubble are gone from today’s roster — whether through bankruptcy, acquisition or self-imposed exile. Times were brutal from 2008 to 2011, and the sector looks very different in recovery.
California research firm RealtyTrac said Wednesday that the Silver State remained one of the nation’s top states for foreclosures, even as default activity fell here.
