Hughes Corp. chairman Bill Ackman tweeted May 21 that Tesla boss Elon Musk should consider one of the developer’s master-planned communities in those states and to “take a close look” at Summerlin.
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.
Homebuilding activity dropped sharply in Las Vegas last month amid the pandemic-sparked economic shutdown. But the worst may be over for the local housing market, a new report says.
Las Vegas’ unemployment rate shot past 33 percent last month amid sweeping business closures sparked by the coronavirus pandemic.
A casino outside Seattle that reopened Tuesday will feature a glitzy leftover from a failed Las Vegas resort: the Lucky Dragon’s dragon.
After Siegfried & Roy’s run ended on the Las Vegas Strip, they made millions in one of Southern Nevada’s other favorite pastimes: real estate.
The market hasn’t collapsed after the coronavirus outbreak shut down much of Southern Nevada’s economy virtually overnight, but tenants have sought rent relief and struggled to pay on time.
Allegiant Air passenger volume nearly evaporated last month after the coronavirus pandemic started shutting down much of the economy in March, newly released figures show.
Management announced the open-air, food-and-retail complex at Fremont and Seventh streets would operate from 11 a.m. to 7 p.m. daily.
Las Vegas-based Allegiant Travel Co. on Tuesday reported a $33 million loss in the three months ended March 31, compared to a $57.1 million profit the same period last year.
Las Vegas’ housing market is slowly chugging along, but many buyers have canceled amid skyrocketing job losses, and the sales pipeline has shrunk fast.
Don’t expect a big burst of real estate action anytime soon.
A Reno developer has finished a warehouse near Las Vegas Motor Speedway and landed a tenant for part of the space.
The median sales price of previously owned single-family homes — the bulk of the market — was $310,000 in April, up 3.3 percent from the same month last year.
A bankruptcy court auction is scheduled to be held May 19 for a 38.5-acre spread along Las Vegas Boulevard across from Mandalay Bay. Bids were due Thursday.
The Blackstone Group acquired nearly 68 million shares in Crown Resorts, a nearly 10 percent ownership stake, the Australian company announced this week.
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