With downtown Las Vegas slated to get its first big new rental complex in years, other developers also are looking to do projects in the once-neglected area.
Amid rising prices and affordability concerns, Las Vegas homebuilders are rolling out a bigger menu of less-expensive projects, a new report shows.
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
When you’re as big as The Blackstone Group, shelling out hundreds of millions of dollars can be pretty normal stuff.
The housing authority’s last executive director, John Hill, had a nearly identical salary when he left the agency in April 2016. In its nationwide executive director search, the housing authority advertised it was willing to pay a maximum salary of about $179,000.
Eric Wu is a house flipper but, unlike other real estate investors, says he isn’t trying to land a profit by selling for more than he paid. The windfall, he said, will come from transaction fees.
D.R.’s purchase in Logandale comes amid rising land and house prices in the Las Vegas Valley and, according to one builder, an uptick in home construction in the Moapa Valley.
The apartment complex on South Pecos Road in eastern Las Vegas serves renters with low incomes, but its mix of 50 one- and two-bedroom units are spacious with hardwood floors and new appliances.
Las Vegas home prices are rising at one of the fastest clips in the country, with builders fetching record dollar amounts and resale values approaching prior highs.
Las Vegas is one of the most popular places in America to flip houses, even though investors can earn a lot more money elsewhere. And slowly, it seems, they’re catching on to that.