After booking a huge windfall shielding himself from stock market chaos, hedge fund operator Bill Ackman is upping his stake in Summerlin developer Howard Hughes Corp. by half a billion dollars.
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.
Nevada is one of several states that have allowed construction to continue during the coronavirus pandemic.
The area where the worker had been assigned, and the surrounding vicinity, has been “shut down and is being sanitized immediately” and will remain closed until April 1.
House-flipping companies that ventured to Las Vegas and other cities the past few years have shelved buying homes because of the new coronavirus.
All told, hundreds of thousands of Nevadans work in industries now rocked by sweeping closures – and that doesn’t account for all the people in other sectors that feed off them.
With fears of the coronavirus upending daily life in Las Vegas and across the U.S., the homebuilding market, like other industries, faces a scary stretch ahead.
Las Vegas’ housing market faces risky terrain and sales could tumble as Southern Nevada shuts down to contain the new coronavirus, real estate pros say.
U.S. homebuyer interest has dropped sharply in the past week as the new coronavirus upends daily life with sweeping business closures and other shutdowns.
Just days after saying construction on the Florida resort would not be affected, Las Vegas-based Allegiant Travel Co. on Wednesday unveiled a slate of measures in response to the new coronavirus.
With the new coronavirus upending daily life in Southern Nevada, at least one major real estate project has shelved construction work over the public health crisis.
Travel spending, including on transportation, hotels and attractions, is projected to fall by $355 billion this year, the group said.
Employees will continue to receive benefits and pay during the closure, which is set to last through at least March 31.
Rates for hotel rooms during the upcoming NFL draft were already sliding last week as Las Vegas and other cities shut down to contain the spreading coronavirus.
Las Vegas-based Allegiant Travel Co. said over the weekend it will close Sunseeker Resort Charlotte Harbor’s preview center for two weeks starting Monday.
Las Vegas’ economy was humming along — and then the coronavirus hit.