Developer Brett Torino expects to open a retail complex at CityCenter next year.
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.
Coming out of the Great Recession, various plans to build massive hotels, complete an unfinished skyscraper, and construct an arena on the north Strip have produced hardly any visible results.
The typical rental rate of a Las Vegas-area home shot up 17 percent year-over-year in May.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
Southern Nevada’s housing market is dominated by single-family homes, but there are plenty of condos and townhouses, which have also sold rapidly amid Las Vegas’ homebuying frenzy.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Howard Hughes Corp. is developing an office building next to Las Vegas Ballpark and the second phase of a luxury apartment complex.
Homebuilders have been busy in Henderson’s Cadence community, putting it among the top-selling spots in the nation for new houses. Now rental developers are getting a foothold, too.
Buyers picked up 3,189 previously owned single-family homes — the bulk of the market — in May, down 9.6 percent from April but up 87.3 percent from May 2020, a new report shows.
Fueled by cheap money, housing markets across the country have accelerated with rapid sales and rising prices.
A penthouse near the Strip has traded hands, fetching the highest price in Nevada history for a condo, the listing brokerage said Thursday.
The Las Vegas Valley’s unemployment rate in April, 9 percent, was second highest in the nation among large metro areas, ahead of only Los Angeles at 9.9 percent, the U.S. Bureau of Labor Statistics reported Wednesday .
Mark Evensvold claimed he had a contract with entrepreneur Tony Hsieh that called for loosely defined work responsibilities, including possibly building treehouses.
Developer Jonathan Kermani expects to start construction in September on a project to renovate, partially demolish and expand the vacant White Cross Market building.
Builders notched 1,215 net sales — newly signed sales contracts minus cancellations — in Southern Nevada in April, up nearly 400 percent from 244 sales in April 2020.