The locals-focused casino chain has outlined plans to develop more projects and sell some properties.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
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The recent decline in rates “has been large,” but homebuyer sentiment “remains low with no major positive reaction in purchase demand.”
The shuttered White Sands is being offered for sale through auction site Ten-X, with a starting bid of $1.5 million.
Redfin CEO Glenn Kelman said the home-flipping sector it entered “is a staggering amount of money and risk for a now-uncertain benefit.”
An industrial park in North Las Vegas sold last month for more than $140 million, after construction finished in September.
Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Southern Nevada’s market appears to be in a logjam, and there’s no telling when it will break through.
Crowds during the race will likely be massive. As seen Friday on Hotels.com, dozens of hotels in the Las Vegas area are sold out that weekend.
New York real estate heavyweight Related Companies is partnering with Wynn to pursue a casino license, with plans for a project in Manhattan.
Buyers in Las Vegas and around the U.S. are hitting the brakes.
Strada Development Group has filed plans for a 22-story project in downtown Henderson.
The Las Vegas housing market looks dramatically different than it did just several months ago.
The locals-focused company is set to shake up its real estate portfolio through a mix of development, land purchases, demolition, and sales.
Sales have been tumbling in Las Vegas and around the U.S., and if borrowing costs keep falling, it could spark more buying activity.
Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.