Despite the improved economy, land sales on the Strip have been sluggish for years, and values are nowhere near what sellers fetched before the economy crashed.
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Southern Nevada home prices rose at one of the fastest rates in the country last year amid a growing population and strengthened job market.
Kaktus Life, a luxury apartment building off Cactus Avenue and Interstate 15 in Las Vegas, also features 21,600 square feet of commercial space in four freestanding buildings.