Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino resort.
Eli Segall
Eli Segall joined the Review-Journal’s investigations team in 2023 after covering real estate for the paper since 2016. Before the RJ, he covered real estate and other business topics for four years at the Las Vegas Sun. Segall has also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. He has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. He has earned awards from the Nevada Press Association, Best of the West, New York State Society of CPAs, National Association of Real Estate Editors, and others.
Cable Center Shops, Hawaiian Marketplace and a 1960s-era Travelodge motel have closed their doors.
Las Vegas house prices drop for first time in over two years as sales keep falling.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Nevada HAND receives 2,000 calls a day from people seeking affordable housing and only has a “handful” of vacancies in its 4,700-unit portfolio, the president and CEO said.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
In Nevada, the property-tax increase for one’s primary residence is a maximum of 3 percent, and the increase for other properties, including land and commercial buildings, is a max of 8 percent.
Home prices are still logging huge year-over-year gains, making it all the more expensive to buy a place as people also face higher costs for gas and other daily goods.
The luxury house in The Summit Club, a wealthy enclave in Summerlin, features a “secluded private apartment.”
Southern Nevada’s housing market is no stranger to volatility — and lately, it seems the industry is on anything but even ground.
Blackstone announced Friday that it closed its acquisition of billionaire James Packer’s Crown Resorts Ltd., saying this marked its largest transaction to date in the Asia-Pacific region.
The new landlord’s portfolio featured 120 properties across 27 states by the end of last year.
Buyers are pulling back in Southern Nevada and other metro areas amid sharply higher borrowing costs.
It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
Locally and nationally, the number of price cuts rose for the third consecutive month in May.