A Southern California investor has bought the bulk of a luxury condo complex south of the Strip.
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Las Vegas homebuilders notched another boost in sales last month, and condos and townhouses comprised a higher share of the total.
It marks a rare real estate deal for the sleepy southern edge of the Strip and carries an unusual backstory, as the late owner — without his estranged wife’s knowledge — allegedly transferred the motel’s ownership to a trust he had formed with his mistress, according to court documents.
U.S. home values are rising at their fastest pace since the peak of the bubble last decade, and Las Vegas is near the front of the pack, a new report shows.