Lennar Corp. recently held a ceremonial groundbreaking for a 25-unit townhouse complex called Aqua.
Eli Segall
Reporter: Real estate
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
X: @eli_segall
Eli Segall joined the Review-Journal in August 2016 after covering real estate and other business topics for four years at the Las Vegas Sun. He also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. Segall has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. His awards include 2017 Story of the Year from the Nevada Press Association.
Construction is underway on the 15,274-square-foot Museum of Illusions, which is scheduled to open in early spring 2023.
Teravalis, a 37,000-acre master-planned community near Phoenix, is to include 100,000 homes and 55 million square feet of commercial development.
The Houston billionaire acquired 6.9 million shares in the Las Vegas-based casino operator, comprising a 6.1 percent ownership stake.
Southern Nevada is far from alone in seeing buyers pull back amid a sharp jump in mortgage rates.
Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Arizona-based The Wolff Co. broke ground this year on a 316-unit apartment complex called LVB.
“As long as mortgage rates and prices remain high, buyers will be looking for a relief valve,” an analyst said.
Nationwide, the pace of new-home sales last month was down 10.9 percent from August, federal officials reported.
The permits were issued the same day the Clark County Commission approved Fertitta’s plans for a towering hotel-casino on Las Vegas Boulevard.
The Las Vegas City Council approved an agreement that calls for a five-story, 84-unit rental complex with commercial space in a segregation-era neighborhood.
Blasted out of the McCullough Range by Hong Kong tycoon Henry Cheng, the luxury Henderson community boasts more than 300 homesites.
Southern Nevada’s market appears to be in a logjam, and there’s no telling when it will break through.
Caesars Entertainment Inc. announced a partnership Thursday with New York office landlord SL Green Realty Corp. to open Caesars Palace Times Square in an existing skyscraper.
Jackie Robinson unveiled a new funding Wednesday for his arena and hotel project on the north Strip, which has been on the drawing board for nearly nine years.
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