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.
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.
Developers of a sprawling North Las Vegas industrial park have broken ground on the latest building after landing tenants for the first batch of space.
MGM Resorts International has reached another multibillion-dollar sale-leaseback deal with New York financial giant The Blackstone Group, this time for the Aria and Vdara resorts.
Las Vegas’ jobless rate has shrunk dramatically since the early chaos of the pandemic but still second highest among 51 large metro areas.
Las Vegas-based Union Gaming says it has raised $28 billion in capital and worked on $2 billion worth of mergers and acquisitions.
Builders reported 1,085 net sales in Southern Nevada in May, the second consecutive month-to-month drop and the lowest tally this year.
Kingsbarn Capital Development has acquired 6.1 acres in Carson City and plans to break ground on a 140-unit apartment complex.
Observers have said the north Strip property could initially siphon guests from competitors but also boost tourism overall to Las Vegas.
Anthony Hsieh, founder of mortgage firm LoanDepot, bought a newly built mansion in the Henderson foothills.
The market for new casinos in the famed resort corridor was shaky long before the pandemic hit.
After three Las Vegas casino-resorts debuted during the pandemic, no others are officially scheduled to open anytime soon.
UNLV’s Center for Business and Economic Research predicts that visitor volume in Southern Nevada will climb 57 percent this year and 13.2 percent next year, following its 55.2 percent drop in 2020.
U.S. homebuilders’ sales fell to its slowest pace in a year last month, and resales dropped for the fourth consecutive month. And it’s no different in Southern Nevada.
Nevada added more than 10,000 jobs last month as coronavirus restrictions loosened and tourism regained its footing in Las Vegas, though unemployment remains high.
A spread of land once owned by Siegfried Roy is now home to a rare sort of real estate project in Southern Nevada: an infill housing tract.