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Real Estate Insider

Real Estate Insider

Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
esegall@reviewjournal.com … @eli_segall on Twitter. 702-383-0342

Australian billionaire Packer again rolls snake eyes in Vegas

Australian billionaire James Packer has invested a fortune in casinos, including in Las Vegas. But when it comes to building a resort in the heart of America’s gambling mecca, Packer’s plans keep fizzling out.

Las Vegas retains title of underwater homes capital

Las Vegas’ housing market got beat up so badly during the recession that not along ago it seemed almost everyone with a mortgage was underwater.

Price per unit for apartment complexes up sharply since 2015 in Las Vegas

Landlords are writing hefty checks for rental properties, paying prices that sellers probably only dreamed of a few years ago. Overall in Southern Nevada, investors paid an average of $110,111 per unit for apartment complexes this year by the third quarter, up 53 percent from 2015, according to brokerage firm Colliers International.

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