The typical rent in the Las Vegas-area last month was just over $1,890, up 8 percent from a year earlier, compared with a 25 percent year-over-year rent hike in August of 2021.
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.
The 35-acre property features 1,470 rooms, 50,000 square feet of casino space, a 1,200-seat theater and 100,000 square feet of convention and meeting space.
Las Vegas real estate investor Jeff Pori has recently loaded up on office buildings, buying in a market that’s still finding its footing after a pandemic-sparked upheaval.
Coyote Springs has a golf course and infrastructure but not a single house, and has dealt with bouts of litigation.
New York real estate heavyweight Related Companies is partnering with Wynn to pursue a casino license, with plans for a project in Manhattan.
Station Casinos cleared a hurdle in its quest to build a new resort in North Las Vegas, as the company shakes up its real estate portfolio.
U.S. builder sentiment has declined every month this year, and the “housing recession shows no signs of abating,” a trade association reported.
The Raiders bought a small property across from Allegiant Stadium for a big sum, picking up real estate previously eyed for a hotel.
Homebuyers are pulling back in Southern Nevada and around the U.S. as higher mortgage rates wipe out the cheap money that fueled America’s unexpected housing boom after the pandemic hit.
A Utah-based data center firm is building a $400 million facility in North Las Vegas.
Amazon operates several facilities in Southern Nevada, and landlords have paid big money to own them.
Buyers in Las Vegas and around the U.S. are hitting the brakes.
The five-story, 290-unit project would feature an indoor golf simulator, a courtyard with hammocks and bocce ball, and units ranging from 600 to 1,346 square feet.
The nongaming hotel would include a restaurant, a spa, a pool bar, a rooftop bar, and ballroom and meeting space.
A new report found the median sales price of previously owned single-family homes — the bulk of the market — in Las Vegas was $450,000 in August.
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