Las Vegas home price growth is slowing down but is still outpacing other big cities, a new report shows.
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The area around the Raiders stadium may not be the best or easiest place to build a big project or open a retail business.
The $1.84 billion stadium project about a mile west of Las Vegas Boulevard, was dumb luck for nearby landlords. A few bought property right across from the stadium site as recently as 2015 — two years before the football team purchased its land — and others have owned parcels much longer.
With the Las Vegas Aviators playing baseball at the new Summerlin stadium, neighboring land could eventually sprout a range of projects.
Las Vegas’ main housing association has reversed course and predicted a rosier spring selling season after a huge jump in deals last month.
About 10 percent of the department is affected and did not result in layoffs.
Developer Joel Laub, who plans to turn the replica Old West town into a luxury housing development, closed his purchase of the property on Tuesday, county records show.