Overall, the valley’s single-family rental market has “held up rather well” during the pandemic, said Tom Blanchard, last year’s president of trade association Las Vegas Realtors.
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.
Southern California real estate firm Next Wave Investors recently announced that it acquired the 216-unit Spanish Oaks complex for roughly $28.1 million.
Homebuilders bought less land in Summerlin from developer Howard Hughes Corp. last year than in 2019, but the average price for the dirt climbed.
Las Vegas-area home prices were up 7.9 percent year-over-year in December, compared with 10.4 percent nationally, according to the SP CoreLogic Case-Shiller index released Tuesday.
Clark County records show that new owners acquired debt on the north Strip hotel-casino project Feb. 11 and gained ownership of the property the same day through a “deed in lieu of foreclosure.”
With Tony Hsieh’s family looking to sell his downtown real estate holdings, a slew of properties in Las Vegas could change hands, putting vacant lots, apartments, offices, shuttered motels and other sites under new ownership.
An attorney for the late Tony Hsieh’s father and brother, co-administrators of his estate has filed nearly 100 notices in Clark County District Court outlining plans to sell dozens of his downtown Las Vegas properties.
Developer SunCap Property Group and project partner Diamond Realty Investments have announced plans for an industrial park called SunPoint West in North Las Vegas.
The Biden administration is extending the nation’s foreclosure freeze, a move that could prove especially helpful to Las Vegas homeowners as the valley grapples with a battered economy.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Triple Five’s nearly 30 acres along Las Vegas’ famed resort corridor are under new ownership, but the deal likely wasn’t what the developer envisioned.
The real estate wing of Kansas conglomerate Koch Industries teamed with Florida developer Jeffrey Soffer to acquire the unfinished Drew Las Vegas property on the north Strip, according to a news release Thursday.
The development calls for office space, retail and apartments on 40 acres at Durango Drive and the 215 Beltway in the southwest valley, near Ikea.
Organizers of the National Hardware Show announced the event is scheduled to take place Oct. 21 to 23 in the Las Vegas Convention Center’s West Hall.
Jennifer “Mimi” Pham, a longtime friend and assistant of Tony Hsieh, has taken the late tech mogul’s family to court, alleging contracts aren’t being honored.