Former President George H.W. Bush has died at the age of 94. He died Friday night in Houston, about eight months after the death of his wife, Barbara.
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Las Vegas is on track to become the entertainment capital of the world, according to analyst Jeremy Aguero. About 6 percent of all tourists come to Las Vegas for a special event such as a sporting event. Overall, existing and future sports teams are expected to add $636 million to the local economy.
Las Vegas Councilman Bob Coffin said Wednesday he will not seek re-election. Coffin, 76, decided he will not run for a third, final term. The long-time former state legislator cited a troublesome back injury. I really hope that people running for this office have some experience dealing with pressure … because it is intense. The primary election is April 2. The general election is June 11.
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Las Vegas house prices are rising Southern Nevada prices were up 13.5 percent year-over-year in September. Nationally, home prices were up 5.5 percent year-over-year in September. Buyers are pulling back. More than 6,900 Las Vegas houses were on the market without offers at the end of October, up 44 percent year-over-year. Las Vegas home prices have been rising at one of the fastest rates in the country
Las Vegas house prices are rising Southern Nevada prices were up 13.5 percent year-over-year in September. Nationally, home prices were up 5.5 percent year-over-year in September. Buyers are pulling back. More than 6,900 Las Vegas houses were on the market without offers at the end of October, up 44 percent year-over-year. Las Vegas home prices have been rising at one of the fastest rates in the country
Las Vegas house prices are rising Southern Nevada prices were up 13.5 percent year-over-year in September. Nationally, home prices were up 5.5 percent year-over-year in September. Buyers are pulling back. More than 6,900 Las Vegas houses were on the market without offers at the end of October, up 44 percent year-over-year. Las Vegas home prices have been rising at one of the fastest rates in the country
Developer Lance Bradford plans to build a 300,000-square-foot retail and office project in Henderson. (Eli Segall/Las Vegas Review-Journal)
Home construction in rural areas outside Las Vegas is on the upswing. Developers are building and selling houses in such places as Pahrump, Indian Springs and Logandale. Many of the projects underway were started during the mid-2000s bubble and sat dormant after the economy crashed. The burst of activity comes as Las Vegas home prices rise fastest among major U.S. cities. “I think it’s a matter of addressing affordability, giving people more house for less money, and it’s really hard to do that in Vegas,” said Robb Beville, Nevada division president of Century Communities
About 116 million people nationwide are expected to shop on Black Friday. The National Retail Federation, the nation’s largest retail trade group, is expecting holiday retail sales in November and December to increase as much as 4.8 percent over 2017 for a total of $720.89 billion. That excludes automobiles, gasoline and restaurants. The projected sales growth marks a slowdown from last year’s 5.3 percent, which was the largest gain since 2010.