Las Vegas real estate investor Steve Siegel is perhaps best known for his portfolio of low-priced apartment complexes bearing his name, but now he is the Strip’s newest landowner.
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Real estate pros have long figured the Durango site would be the first among Station’s desert parcels to get developed.
Don’t expect a big burst of real estate action anytime soon.
Multiple revival plans for the Huntridge Theater have come and gone over the years. A new plan by a developer buying the historic venue includes adding other projects at the property.
A 56-year-old former low-budget-movie producer, Doumani said this week he is scheduled to break ground in May 2020 and finish construction in 2023.
The peak boom-era median sales price of previously owned single-family homes was $315,000. Adjusting for inflation, the market has much more than a $15,000 gap from the previous high. In today’s dollars, the peak resale price was around $390,000.
In the past few years, several developers received approvals for apartment towers but haven’t built them.