Las Vegas home prices are rising at one of the fastest rates nationally, bolstered by strong demand and shrinking inventory.
Like other condo projects from the bubble years, Boca Raton initially sold homes at a rapid clip. And, like other projects from that time, buyers vanished when the market crashed.
After the real estate market crashed last decade, investors swooped in for the leftovers. They bought cheap houses in bulk to turn into rentals and snapped up abandoned projects at steep discounts.
Victor Perrillo broke ground on Venue Las Vegas three years ago. Now it’s for sale.
Their combination will reportedly create the largest homebuilder in the country.
Housing tracker Attom Data Solutions put out a report this week showing the number of vacant properties around the country and what share of cities’ homes are empty. Las Vegas’ housing market has come a long way since the economy crashed last decade, but if Attom’s numbers are any indication, squatting opportunities have grown in the past year.
When investors buy commercial real estate, it’s standard practice to acquire the property through a holding company. It’s common to pick a dry, boring name for it. But there are exceptions.
Banks are slamming the brakes on foreclosures in Las Vegas, and at first glance, the numbers are encouraging, even amazing.
If you want to see retailers’ mixed fortunes, and how they impact neighborhood shopping centers, head over to Green Valley Parkway and Sunset Road.
A native New Yorker, Irwin Kishner wasn’t the biggest developer in town, and his cluster of properties between Las Vegas Boulevard and the Las Vegas Convention Center are far from the flashiest.