State lawmakers approved a bill in 2015 — a decade after Las Vegas’ wild building spree — that raised barriers to pursuing lawsuits alleging shoddyconstruction. A measure now working its way through the Democratic-controlled Legislature would wipe out or change provisions of that law.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
firstname.lastname@example.org … @eli_segall on Twitter. 702-383-0342
You can never rule out another housing crash,but just because the market has cooled off doesn’t necessarily mean it’s in the early stages of a collapse.
Builders sold 302 homes in Las Vegas’ largest master-planned community in the three months ending March 31, down 26 percent from the same period last year.
The Lucky Dragon sold for much less than its developer and lender had said it was worth.
During the mid-2000s bubble, a developer set out to build a luxury condo tower where Eclipse Theaters now stands — and if he had followed through, it could have been a financial disaster.
More than a year after buying Crown Resorts’ land on the Las Vegas Strip, Wynn Resorts Ltd. has nixed a deal to buy the whole company.
Faraday Future is trying to sell more than 900 acres of land at Apex Industrial Park, offering up the site where it bailed on building an auto plant.
Compared to other sections of the valley, the east side is older and largely overlooked by developers. But its home prices are lower and, amid affordability concerns in the valley, buyers are showing up.
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.
The peak boom-era median sales price of previously owned single-family homes was $315,000. Adjusting for inflation, the market has much more than a $15,000 gap from the previous high. In today’s dollars, the peak resale price was around $390,000.
Edwin Fujinaga, after being accused of running a massive Ponzi scheme, was at his golf course mansion in Las Vegas one day. He was handing over the keys, and stated something peculiar on his way out.
A month after he resigned from his casino company, billionaire Steve Wynn bought a suburban mansion for $13 million — the most expensive home sale of 2018 in Las Vegas.
The Cheyenne Commons strip mall looks like any other around Las Vegas, and same goes for the apartment complex next door, The Grove.