Several months after an office complex east of the Strip went up in flames, an apartment developer has closed its purchase of the site with plans for an upscale rental project.
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.
Land parcels for two Las Vegas projects that fell victim to the Great Recession now are expected to be developed.
The median sales price of previously owned single-family homes – the bulk of Southern Nevada’s market – was $307,000 in November.
The Clark County Planning Commission approved plans Tuesday for a new Siegel Suites rental complex next to the Hard Rock Hotel.
Home prices are expected to inch higher across the country next year, but not in Las Vegas.
Michael Crandall, senior vice president with The Siegel Group, noted the project would be the second newly built Siegel Suites complex in Las Vegas, with “many more” in the pipeline locally in the next few years.
The long-empty store has been resurrected, but other big-boxes in Las Vegas still are collecting dust.
A developer plans to build a 40-acre industrial project next to the Raiders practice facility in Henderson.
Los Angeles-based Compass Acquisition Partners announced this month that it acquired the 488-unit Sandpiper rental complex for $66 million.
Las Vegas’ home price growth hit the brakes again in September, a new report shows, as the valley fell further in a national ranking.
So-called distressed sales — purchases at foreclosure auctions and sales of foreclosed or underwater homes — account for just 3.3 percent of resales in the valley this year.
Months after buying a chunk of land just east of the Strip, a Southern California investor has picked up a high-end apartment complex nearby.
Plans include a 2.3 million-square-foot, $327 million manufacturing facility as well as buildings that would be leased or sold to others.
A Mississippi real estate company has acquired an industrial complex near Allegiant Stadium, figuring the proximity to the Raiders’ future home will help with marketing efforts, said a broker on the deal.
The deal by the New York financial giant appears to be the most expensive sale ever of a Las Vegas resort.
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