Las Vegas’ wheeler-dealer, boom-and-bust real estate market is almost never boring. But even by Vegas standards, a sale that closed a year ago this week was especially head-turning.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
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If someone buys The Howard Hughes Corp., it would put the Las Vegas Aviators, its ballpark, the Downtown Summerlin mall and thousands of acres of suburban Las Vegas land in new hands.
Over the past several years investors have paid between $33.3 million and $71 million for Strip Walgreens and CVS locations, property records show.
The Fontainebleau, soaring 60-plus stories above Las Vegas Boulevard, went bankrupt 10 years ago on June 9, 2009.
Foreclosures have by no means stopped, but amid an improved job market, they are a lot less common nowadays.
State lawmakers approved a bill in 2015 — a decade after Las Vegas’ wild building spree — that raised barriers to pursuing lawsuits alleging shoddyconstruction.
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.