Southern Nevada prices have been on a stomach-churning ride the past two decades: The market floors it, hits the brakes, and repeats.
Eli Segall
Eli Segall joined the Review-Journal’s investigations team in 2023 after covering real estate for the paper since 2016. Before the RJ, he covered real estate and other business topics for four years at the Las Vegas Sun. Segall has also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. He has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. He has earned awards from the Nevada Press Association, Best of the West, New York State Society of CPAs, National Association of Real Estate Editors, and others.
G2 Capital Development founder Frank Marretti hopes to break ground next year on a project slated to have residential, retail and office space.
The ultra-low-cost carrier flew almost 3.9 million passengers in the third quarter, up from just over 2 million during the same period last year.
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.
Intercontinental Real Estate Corp. announced that it acquired a 147,000-square-foot distribution center in Henderson.
Las Vegas Sands spokesman Ron Reese said that the office complex will be the company’s future headquarters, adding the company is probably targeting a mid-2022 move-in.
Clark County commissioners approved a deal Tuesday to buy property along the south Strip near McCarran International Airport for $55 million.
Howard Hughes Corp. announced plans for Douglas Ranch, a nearly 37,000-acre master-planned community in Phoenix’s West Valley.
The Clark County Commission is scheduled to consider a proposal for the Department of Aviation to purchase around 17.3 acres of mostly vacant real estate across from Mandalay Bay.
Locals have long predicted better days ahead for the north edge of the Strip, but a burst of news shows the area is still in flux.
A Marriott spokeswoman confirmed the hotel chain “recently reached an amicable settlement with the hotel’s owner that has resulted in Marriott exiting the project.”