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.
Las Vegas’ apartment market has accelerated in recent years. Developers are packing the suburbs with projects, landlords are on a buying spree , and tenants are filling buildings. Rents are also rising at one of the fastest rates in the country, stretching affordability for some.
In the past few years, several developers received approvals for apartment towers but haven’t built them.
The Las Vegas-based company – which operates casinos, the PT’s Pub chain and a network of slot machines and video poker in bars, grocery stores and other locations – on Thursday reported a $3.1 million loss for the three months ending Sept. 30. That’s compared to about $8.5 million in profit during the same period last year.
The project comes as the Las Vegas Convention and Visitors Authority gets underway on its $1.4 billion expansion and renovation of the convention center, a massive undertaking that could boost visitor totals and demand for nearby hotel rooms .
Las Vegas’ median house price dipped below $300,000 last month as sales tumbled from a year earlier and inventory soared.
Located about 40 miles south of the Strip on the Nevada-California border, the outlet mall remains open with dozens of tenants listed online in its directory. Efforts to learn what will happen with the property were unsuccessful Monday.
Brokerage firm Sun Commercial Real Estate is a tenant in Red Rock Business Center and has sold the complex three times, Sun owner Cathy Jones said. She and RoyFritz, senior vice president of Sun’s investment services group, sat down with the Las Vegas Review-Journal to discuss the office market.
After selling a once-mothballed project in the Las Vegas suburbs for more than $100 million, a group of investors has bought a massive strip mall and an office park.
It was the third consecutive month that Las Vegas topped the Case-Shiller index. Prior to leading the pack, its price growth was second-fastest behind Seattle for 10 consecutive months.
The Lucky Dragon’s main lender foreclosed on the shuttered resort Tuesday, opening a new chapter in the Las Vegas hotel’s short but troubled history.
The question used to be all too common in real estate circles: What’s going on with Resorts World? Today it’s a different story. The site is alive with multiple cranes in the air and a hotel that keeps growing taller.
The 49,918-square-foot project will be built at 5701 Sky Pointe Drive, off Ann Road and U.S. Highway 95.
The Bend would span about 17.5 acres on Sunset Road between Durango Drive and Riley Street in the southwest valley and feature roughly 200,000 square feet of retail and a five-story office building, the Review-Journal reported in December .
The deep-discount carrier generated $393.1 million in operating revenue, up 12.3 percent year-over-year, and flew 3.5 million passengers, up 15 percent. But aircraft fuel, Allegiant’s largest expense last quarter, soared 41.2 percent to $113.5 million.
Amid high prices, Las Vegas house hunters are gravitating toward more affordable projects and sales are slumping in some communities.
