Here’s a look at the five most expensive high-rise condo sales of the year, as reported by the GLVAR. Most were in the Waldorf Astoria Las Vegas, formerly the Mandarin Oriental , and one of the buyers was Switch founder Rob Roy .
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.
Investors bought cheap houses in Las Vegas in bulk to turn into rentals after the market crashed last decade. As of this summer, big landlords were still holding on to their properties despite fast-rising sales prices and the tremendous growth in home values since the economy cratered.
Around 7,000 single-family homes were on the market without offers at the end of November, up a jaw-dropping 54 percent from a year earlier and the highest level in two years, according to Greater Las Vegas Association of Realtors data, which the trade group pulls from its resale-heavy listing service.
The deal amounts to more than $281,800 per unit, more than double the market average as tracked by Colliers International. The price-per-door might also be a record for local garden-style apartments, said listing broker Taylor Sims of Cushman Wakefield.
After the baseball team’s new name and logo were unveiled Saturday, Howard Hughes CEO David Weinreb spoke with the Las Vegas Review-Journal about real estate in Summerlin , Las Vegas’ largest master-planned community at 22,500 acres.
What do you do with a failing mall like Primm’s? Someone could buy it and try to fill it with retailers, gut it for another use entirely or, in true Vegas style, implode it to build something else. For now, the mall will likely keep limping along.
A total of 7,003 single-family houses were listed without offers at the end of November, up 1.2 percent from October and 54.3 percent from November 2017, according to a new report from the Greater Las Vegas Association of Realtors.
Clark County commissioners on Wednesday approved plans for a 14-story hotel next to Las Vegas’ new baseball stadium.
With the Raiders building a 65,000-seat football stadium right across the street, a nondescript plot is now lucrative real estate — and if plans come through, it will be a mixed-use entertainment spot.
Las Vegas’ new baseball stadium is still under construction, but a next-door neighbor is already in the works.
Tower 16 Capital Partners announced last week that it acquired the 314-unit Evergreen complex for $29.5 million with partner Henley USA.
The holidays are normally a time to slow down. But in recent years, real estate investors have squeezed in big, last-minute transactions in Las Vegas before the calendar flips to Jan. 1.
Las Vegas home prices will keep rising at one of the fastest rates in the country next year, and sales will only creep up, according to a new forecast.
Edwin Fujinaga, former chief executive of MRI International, was convicted Tuesday of eight counts of mail fraud, nine counts of wire fraud and three counts of money laundering, according to an announcement from federal prosecutors in Nevada.
Attached homes accounted for 13 percent of October’s sales tally, the sixth straight month that they fetched at least a 10 percent market share.
