Los Angeles-based Compass Acquisition Partners announced this month that it acquired the 488-unit Sandpiper rental complex for $66 million.
Housing
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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.
House flipping shows are all over HGTV, but you don’t need a TV crew and an on-camera personality to be a successful house flipper.
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.
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.
The deal is expected to close in the first or second quarter next year and, once complete, will create one of the largest builders in the country.
The penthouse boasts 6,230 square feet of living space, 30-foot floor-to-ceiling windows, an indoor DJ booth, an outdoor hot tub, movie screen and bar and panoramic views of the valley.
Nearly 2,900 previously owned single-family homes changed hands in October, up from September, according to the Greater Las Vegas Association of Realtors.
Despite an overall sales dip this year in Summerlin, homebuilders found more buyers in recent months in Las Vegas’ largest master-planned community.
The market has slowed considerably this year, after a heated run in 2018 sparked affordability concerns. The cooling, at least in theory, could help jumpstart home sales.
