Las Vegas has some of the world’s biggest hotels, and resort operators and other businesses regularly roll out new ways to capture tourists’ attention and dollars.
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Buyers in Las Vegas and around the U.S. are hitting the brakes.
Lone Star Funds, former owner of the site along Las Vegas Boulevard, obtained county approval in 2012 for a 7 million-square-foot project.
Los Angeles investor Jonathan Kermani bought the building for almost $4.3 million.
It’s anyone’s guess what will happen with Las Vegas’ housing market in 2020.
Builders sold 302 homes in Las Vegas’ largest master-planned community in the three months ending March 31, down 26 percent from the same period last year.
Zillow executives may say they’re not in the house-flipping business, but based on its first batch of deals in Las Vegas, that’s exactly what the company is doing: buying and then quickly selling homes.