Southern Nevada prices have been on a stomach-churning ride the past two decades: The market floors it, hits the brakes, and repeats.
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G2 Capital Development founder Frank Marretti hopes to break ground next year on a project slated to have residential, retail and office space.
The former casino mogul’s opulent estate in Summerlin spans 15,000 square feet and includes an art room, a crystal staircase, silk carpets, and marble pillars, according to listing materials.
Homebuilders saw mixed results in Southern Nevada last month, though compared with a year ago, buyers have purchased far more houses in 2021 and paid higher prices for them.
Instead of demolishing homes, builders sometimes give them to firefighters to burn in training exercises.
The company announced that due to a “backlog in renovations and operational capacity constraints,” it will not sign any new contracts to buy homes “through the end of the year.”
The legendary rock star listed his Southern Nevada estate for $14.95 million, according to an announcement Thursday from his listing brokers at Berkshire Hathaway HomeServices Nevada Properties.
Howard Hughes Corp. announced plans for Douglas Ranch, a nearly 37,000-acre master-planned community in Phoenix’s West Valley.
Jon Gruden’s purchase was recorded with the county Aug. 10, almost exactly two months before he resigned from the Raiders.
Construction is underway on Wood Partners’ 228-unit project off Southern Highlands and St. Rose parkways, near the M Resort.