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Las Vegas high-rise market stays steady

The high-rise condo market held steady during the third quarter despite elevated interest rates, but the arrival of high-net-worth visitors this past week for the Formula One race has prompted Realtors and a downtown developer of a 32-story project to seize the opportunity of those looking for a Las Vegas address.

Work starts on Cello Tower high-rise at Symphony Park

Residential construction will begin soon on the luxury high-rise condominium Cello Tower, which will anchor the mixed-use Origin at Symphony Park, both created by Red Ridge Development. Pricing for eight penthouse suites starts at $4.5 million. The 240 one- and two-bedroom plus den residences begin at $700,000.

Las Vegas new home sales rebound

The latest numbers from Las Vegas-based Home Builders Research President Andrew Smith show the top 10 builders during the third quarter of 2023 had 2,383 net sales — sales minus cancellations — compared to 1,385 net sales in the third quarter of 2022.

Summerlin features public art, historic memorials

Summerlin features a growing number of public art installations that help to create a strong sense of place and build community pride while adding color and meaning to special spaces.

Lake Las Vegas offers move-in-ready homes

Lennar’s Reverie at Lake Las Vegas is streamlining the homebuying process with move-in ready homes and an easier way to save.

THE LATEST
$34M mansion lists in time for F1; Prince of Brunei’s estate under contract

A palatial estate owned by the Prince of Brunei has found a buyer, and a MacDonald Highlands home that set the all-time Las Vegas sales record in 2021 is on the market for $34 million — just in time for the F1 race on the Strip.

Best to wait for written approval before starting project

Homeowners should absolutely avoid beginning an architectural project unless they receive written approval from their HOA board. When you don’t receive a formal written approval, unwanted consequences occur.

Downtown Summerlin kicks off 2023 holiday season

Downtown Summerlin, the urban core of the Summerlin, is once again Southern Nevada’s holiday headquarters. The 2023 season kicks off in November with the return of popular holiday activations, headlined by the arrival of Santa Claus, the return of the beloved Holiday Parade, and the opening of the Rock Rink outdoor skating rink on Nov. 17.

REAL ESTATE BRIEFS

Howard Hughes Holdings Inc., developer of the Summerlin, announced it has retained Cushman Wakefield to oversee leasing for the Howard Hughes office portfolio in Summerlin,

Condo owner may be restricted with solar panels

Since the roof is “shared” by seven other owner you may be restricted as to the installation of the solar panels.

Buyers choose new homes over existing ones

During the first three quarters of 2023, Las Vegas’ new home net sales have surpassed the first nine months of 2022 as buyers slowly become more accustomed to elevated mortgage rates and are choosing new homes over existing ones in greater percentag

$15M Summerlin home comes with an amenity like no other — a Ferrari

The opulent property features mesmerizing water features and sculptures, multiple pocket doors that open to views of the Las Vegas Strip and two showcase garages tha can accommodate seven cars.

Summerlin recognizes Native American heritage month

In October, Downtown Summerlin, the community’s vibrant urban core, hosted the Southern Paiute and Culture District during the 27th annual Summerlin Festival of Arts.

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