The typical rental rate of a Las Vegas-area home soared almost 23 percent year over year in July, compared with 9 percent nationally.
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 median closing price of newly built homes in Southern Nevada was around $419,950 in July, up 13 percent from a year earlier.
Waterton acquired Ely at Centennial Hills and Pointe at Centennial Hills in the northwest valley.
As it has become increasingly difficult to purchase a home in the Las Vegas area, industry sources say more buyers than usual in America’s casino capital are turning to Pahrump.
Life Time spokeswoman Natalie Bushaw said its roughly 15-acre plot “is still a planned Life Time athletic resort destination.”
Developer Brett Torino aims to open the four-story complex by October 2022.
A company from Southern California has acquired the bulk of Cal-Nev-Ari, buying hundreds of acres in the remote town outside Las Vegas.
The three-story ultra-luxury estate in Henderson spans 14,207 square feet and is listed for the price of an apartment complex or office building.
Toll Brothers announced that it acquired StoryBook Homes, giving Toll a foothold in a more affordable slice of the housing market.
The English Hotel isn’t the only small hotel in Las Vegas, but it’s a rare boutique project in a market dominated by massive, chain-run resorts.
Avenue North founder Ryan Hartman aims to start construction on the 165-home project this year.
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.
Dapper Companies founder J Dapper said this week that he hopes to get a building permit in the next 60 to 90 days for the first phase of The Bend, which will include a pickleball business.
Sparrow Partners expects to open two new 55-and-older apartment complexes in mid-2022.
Matter Real Estate Group sold a five-building industrial complex near North Las Vegas Airport to a Los Angeles investment company.
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