In a nearly $130 million deal, a Utah firm has bought several Las Vegas apartment complexes as the market notches another bulk deal.
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U.S. home prices climbed higher in June with gains that are eclipsing income growth — creating affordability pressures for would-be buyers.
Richmond American Homes bought 34.6 acres near the southwest corner of Lamb Boulevard and Centennial Parkway for $10 million.
As home construction increases in Las Vegas, the luxury market is viewing energy efficiency as a necessity instead of an option.
In 2009, the penthouse unit at Turnberry Place 3801 was on the market for $16 million. One of the largest penthouse units in Las Vegas, the two-floor listing included five bedrooms, nine bathrooms, a wet bar, pool, billiard room and scenic view of the Las Vegas Valley. Then the recession hit.
At the end of a yearlong process, Robert Collins walked through his home in southwest Las Vegas in mid-May, admiring what workers had just installed.
Las Vegas has grappled with a widespread squatter problem in recent years, a lingering side-effect of the housing crash. But it’s not alone: Squatters also took over vacant homes throughout the Miami area, a fellow poster-child for the real estate boom and bust.