America’s casino capital “used to be an affordable alternative to California,” but rising prices and a hot market have made it “less attractive” for new buyers, report says.
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Attorneys for Hsieh’s family filed court papers Monday showing the sprawling home is set to trade hands.
Arizona developer The Wolff Co. purchased 13 acres on Las Vegas Boulevard near the M Resort for $10.4 million.
Despite the pandemic’s devastating effect on Las Vegas’ economy, several local communities are in the top 30 nationally for builders’ sales this year.
Nevada lawmakers passed several housing-related bills in the recently concluded legislative session, affecting construction defect claims, affordable housing development, and evictions.
D.R.’s purchase in Logandale comes amid rising land and house prices in the Las Vegas Valley and, according to one builder, an uptick in home construction in the Moapa Valley.