An industry group cited high mortgage rates, elevated construction costs and “flagging consumer demand due to deteriorating affordability conditions.”
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The former Alpine Motel Apartments complex is rebuilt, boasting a menu of tech features, and “100 percent safe” according to asset manager Robin Willett.
A formerly quiet, sprawling tract of land near the Strip is becoming a Formula One racetrack and the owner of a rental property next door is looking to sell for a hefty sum.
The Las Vegas City Council approved an agreement that calls for a five-story, 84-unit rental complex with commercial space in a segregation-era neighborhood.
A California-based company is transforming the Safari Motel into transitional housing for adults who’ve recently become homeless.
The typical rent in the Las Vegas-area last month was just over $1,890, up 8 percent from a year earlier, compared with a 25 percent year-over-year rent hike in August of 2021.
Two Las Vegas developers said they’re encouraged by the recent growth in downtown Las Vegas, adding that there’s several years worth of projects still possible.
Builders logged 434 net sales in July, the fourth consecutive monthly drop and the lowest since the onset of the pandemic.
The directive was released Wednesday. It came after a Review-Journal story showed residents worried about housing insecurity with plans to end the Neighborhood Stabilization Program.
Las Vegas Mayor Carolyn Goodman cast the lone “no” vote, saying the property needs a park.