America’s casino capital is known for its towering resorts, but it also has seen numerous real estate plans come and go.
Housing
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The housing market started 2023 on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
The 2.2-acre compound boasts unobstructed views of the Strip, 18-car garage, gym, outdoor sport court, pizza oven, 50-plus-foot-long pool and spa, and two-story guest house.
Longtime developer Larry Canarelli and investment banker Viney Singal on Wednesday unveiled their new venture together, Capro Capital.
The housing market started the year on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
Las Vegas developer The Calida Group will soon start construction on its five-story, 400-unit apartment complex near the Strip.
The house at the valley’s southern edge boasted a “wellness center,” movie theater, wine gallery, fire pits and electric shades.
“Instead of sellers having the advantage, buyers are now in a better position,” Las Vegas Realtors President Lee Barrett said.
Some signs of an uptick follow a year in which homebuyers, locally and nationally, pulled back amid a sharp rise in mortgage rates.
Nationwide, the pace of resales “waned” for the 12th consecutive month in January.
The football boss sold the unit to David Goggins, an author, long-distance runner and former Navy SEAL.
Joe DeSimone held a ceremonial groundbreaking Tuesday for a six-story, Atwell Suites-branded hotel in the parking lot of The Pass.
It features wall-mounted lanterns and planter boxes, a fountain, and “storefront” windows for eateries named after the owners’ kids.
The average monthly rent for a Southern Nevada apartment was down 1 percent from 2021, following a 22 pecent increase that year.
After a sharp slowdown in 2022, Southern Nevada’s housing market started the new year still trekking down the same path.