The new landlord’s portfolio featured 120 properties across 27 states by the end of last year.
Eli Segall
Reporter: Business
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
Eli Segall joined the Review-Journal in 2016, covering real estate until 2023 when he joined the paper's investigations team. He rejoined the RJ's Business desk in 2025 to cover commercial real estate and other topics. Before the RJ, he covered real estate 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.
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.
Tilman Fertitta owns the Golden Nugget, but his latest purchase gives the business mogul a foothold in the heart of America’s casino capital.
The 1970s-era building was developed by the late Irwin Molasky, was one of Las Vegas’ most influential developers outside the Strip.
“We could be facing years, not months, of fewer home sales,” the CEO of Redfin said.
America’s casino capital “used to be an affordable alternative to California,” but rising prices and a hot market have made it “less attractive” for new buyers, report says.
A recent deal at almost $6 million per-acre didn’t even come close to a sale up the street.
Spanning more than half the size of Summerlin, a sprawling ranch property in Northern Nevada has hit the market for $100 million.
Las Vegas rental rates are climbing faster than the national average, and Nevada faces a steep shortage of affordable units.
Las Vegas has seen numerous lucrative sales involving casinos, land and other sites mostly on or near the Strip that did not produce a dime in such revenue.
Blue Heron held a ceremonial groundbreaking for Shoreline, an 83-lot housing tract at Lake Las Vegas in Henderson.
Lily Funds founder Tom McManus sold 2 acres to a buyer who “requested to remain anonymous.”
Southern Nevada’s market overall “may be starting to calm down a bit.”