Howard Hughes sold 244.8 acres of residential land in Summerlin – Las Vegas’ largest master-planned community – for $144.7 million last year.
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A marijuana dispensary near the Las Vegas Strip has started building a café and a pizzeria on-site.
CAI Investments founder Chris Beavor, who drew up plans for the mixed-use project a mile west of the Strip, said construction of the Chick-fil-A restaurant is projected to start in April or May, and that if all goes as planned, work crews will start building the nongaming hotel in the fourth quarter.
Las Vegas’ housing market ended 2018 with the fastest-rising prices in the country — and started 2019 with sharp drops in sales.
Robert Dietz, chief economist at the National Association of Home Builders, spoke with the Las Vegas Review-Journal last week during the International Builders’ Show at the Las Vegas Convention Center. The NAHB hosted the conference.
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.
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.
Blue Heron announced Thursday that it plans to break ground on the Vantage community in early March.
A warehouse project near Nellis Air Force Base is set to wrap up later this year.