TruAmerica Multifamily announced Monday that it acquired Allanza at the Lakes with an undisclosed partner for $152 million.
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.
The Fontainebleau, soaring 60-plus stories above Las Vegas Boulevard, went bankrupt 10 years ago on June 9, 2009.
The median sales price of previously owned single-family homes was $300,000 in May, according to a new report from the Greater Las Vegas Association of Realtors.
Life Time founder Bahram Akradi said one-bedroom units might cost about $2,500 per month and two-bedrooms will probably start at $3,000.
Foreclosures have by no means stopped, but amid an improved job market, they are a lot less common nowadays.
The purchase by no means guarantees the long-vacant space will be filled anytime soon. But it shows that investors haven’t given up on big-box retail , despite industry woes.
Las Vegas has no shortage of homes for rent between $1,000 and $2,000 a month. Some landlords, however, charge the price of a new car every four weeks.
Las Vegas’ prices rose fastest among the 20 markets in the report for the 10th consecutive month, though the growth rate has slowed locally and nationally.
State lawmakers approved a bill in 2015 — a decade after Las Vegas’ wild building spree — that raised barriers to pursuing lawsuits alleging shoddyconstruction.
A Las Vegas developer plans to hold a groundbreaking for a hotel near the Palms next month.
The state Assembly approved a bill last month that would make it easier for homeowners to pursue construction defect claims — and potential lawsuits — against builders, contractors and others who worked on their houses.
DTP Companies announced Tuesday that it renovated 88 rooms at the Downtowner and spruced up its courtyard and exterior.
Maxx Properties acquired the 609-unit Villas at Green Valley for $97.25 million.
Single-family houses dominate Las Vegas’ home construction market, but sales are slipping as buyers gravitate toward lower-priced condos and townhomes.
You can never rule out another housing crash,but just because the market has cooled off doesn’t necessarily mean it’s in the early stages of a collapse.
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