Home prices are expected to inch higher across the country next year, but not in Las Vegas.
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.
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.
Almost two years after it announced the purchase, Wynn Resorts does not have a plan for the former Alon site.
Los Angeles-based Cannon Commercial purchased more than 214,000 square feet of space at Westland Fair, at the southeast corner of Charleston and Decatur boulevards.
Developer Jonathan Fore is building a six-story, 287-unit complex west of the Strip and expects to deliver the first set of apartments in December 2020.
Life Time is looking to build a gym, apartments and offices in the southwest Las Vegas Valley, according to listing broker Aman Lal.
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