weather icon Drizzle
RJ App
Vegas News, Alerts, ePaper

Summerlin sees more land sales at higher prices in 2019

Summerlin developer Howard Hughes Corp. sold more land to homebuilders last year than it did in 2018 and fetched higher prices.

Hughes Corp. sold 319.4 acres of residential land in Las Vegas’ largest master-planned community last year at an average price of $659,000 per acre, the developer reported Thursday.

That’s up from 244.8 acres at an average price of $591,000 per acre in 2018.

The Texas-based company reported the figures in a filing with the Securities and Exchange Commission.

Summerlin spans 22,500 acres along the valley’s western rim and boasted around 113,000 residents at year’s end.

Its home and land prices are among the highest in the valley.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Don't miss the big stories. Like us on Facebook.
Where lost, unclaimed baggage goes to be resold

The store that answers the question “What happens to lost luggage that never gets found?” also happens to be a great place to go bargain shopping online.

End of an era as shoeshine stands shut down across US

The shoeshining business has been hurt not only by the pandemic, but also by the growing popularity of more casual footwear.