The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
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The next portion of the southwest Las Vegas Valley complex includes two more office buildings, another parking structure, and a conference center called The Assembly.
Southern Nevada’s rental market has heated up over the past year as people are looking for more space amid widespread work-from-home arrangements.
The Interim Finance Committee voted to allocate the first half of a $500 million investment in affordable housing that Gov. Steve Sisolak announced in February.
The new landlord is looking to develop more space at Tivoli and draw more tenants to the bubble-era real estate project.
“We keep expecting prices to slow down at some point, but it’s not happening yet,” LVR President Brandon Roberts said in a news release.
We found five examples of houses for sale at or near the median sale price of single-family homes in Southern Nevada.