Real Estate

2014 not a robust year for Las Vegas homebuilders

A KB Home roof is tiled during the Super Saturday sales event at the master-planned community of Inspirada on Saturday, Oct. 4, 2014.

Las Vegas homebuilders, after bouncing back strong from the recession, had a lackluster 2014. Sales volume dropped hard, prices were volatile, and after ramping up construction plans in the first half of the year, developers pulled back sharply ...

Crumbling, off-Strip tower in Las Vegas scheduled for daytime implosion

This partially built, nine-story residential tower at Gramercy, formerly ManhattanWest, on Russell Road near the 215 Beltway in Las Vegas, is being prepared for implosion on Jan. 22, 2015. Demolition is planned for 2 a.m. Feb. 17.

Stardust. Desert Inn. New Frontier. Dunes. All famed Las Vegas casinos, all imploded in spectacular fashion. Add a property to this list of dynamite and destruction: the Gramercy ...

For $140 million, another portion of mall on Las Vegas Strip changes hands

A view of the Showcase Mall on Las Vegas Boulevard, Tuesday, Jan. 13, 2015.

Less than a year after buying most of Showcase Mall, a group of New Yorkers has apparently bought another chunk of the Strip retail hub for big dollars. Jordache jeans founders the Nakash family, real estate investor Eli Gindi and home-curtains manufacturer Elyahu Cohen have teamed up, property records indicate, to buy ...

Nevada sees foreclosure rate slide in 2014

A view of homes from a Vegas Balloon Rides craft floating over the western edge of Las Vegas, Oct. 18, 2013.

Foreclosures slowed drastically in Nevada last year, but the state remained one of the hardest hit in the country as banks eased off ...

Las Vegas bank-owned home prices lagging behind other resales

When the Las Vegas market hit bottom in early 2012, single-family homes sold for a median $118,000 and, within that, bank-owned homes for $100,000.

After the Las Vegas housing market hit bottom in early 2012, bargain-hunting investors bought houses in bulk and pushed up prices valleywide — even for homes that had been trashed by vandals or past owners. But now, as the market cools and investors back out, busted houses ...

New CEO at Las Vegas real estate trade group

A big trade group for Las Vegas real estate agents has a new top boss. The Greater Las Vegas Association of Realtors said today that it hired ...

The economics (and nostalgia) of dead malls

Mannequins stand in the Lord & Taylor department store, the sole retailer remaining at the otherwise sealed-off White Flint Mall in Bethesda, Md. High-end shopping malls are thriving across the country, but as mid-tier retailers such as Sears and J.C. Penney flounder, they are also dragging down their malls.

Since 2010, more than two dozen enclosed shopping malls have been closed, and an additional 60 are on the brink, according to …

Las Vegas home prices, sales rise despite sluggish time of year

A home for sale in Henderson.

Las Vegas used-home prices inched up last month to cap another year of growth, albeit a much slower rate than previous years. The median sales price of a single-family house was ...

After a busy 2014, what’s in store for Las Vegas real estate?

People photograph fireworks as Downtown Summerlin celebrates its grand opening Thursday, Oct. 9, 2014.

In 2014, investors built retail, apartment and office projects in the suburbs, the housing market stayed volatile and new projects were proposed and took shape along the Strip. After a busy year, what lies ahead?

In 2014, the Word of the Year in VegasVille was …

The inaugural Route 91 Harvest country music festival on Friday, Oct. 3, 2014, at MGM Resorts Village.

"Activation" was mentioned at every groundbreaking and rendering unveiling in the city in 2014. It was used most frequently to reference unused parcels on the Strip and downtown that became the site of festivals and special events.

Las Vegas’ underwater mortgage rate improving but still worst in nation

A vacant home is shown in North Las Vegas April 2, 2013. A neighbor said it has been vacant for about six months. (1513  Splinter Rock, North Las Vegas)

Some 27.8 percent of local homeowners with mortgages were upside-down — meaning their debt outweighs their home’s value — in the third quarter. That’s down from 39.6 percent a year ago and ...

Q+A: Las Vegas contractor talks city’s colorful past, surviving recession, stepping aside

Frank Martin, founder of Martin-Harris Construction, one of Las Vegas' biggest contractors, recently sold the company and is poised for retirement within 2 years on Thursday, December 10, 2014.

Frank Martin, the 67-year-old co-founder of Martin-Harris Construction, helped build Las Vegas, turning dirt lots into schools, office buildings and casinos. His company was hit hard by the recession, but survived. But now, with business improving, Martin is ready to call it a ...

Delayed 1,700-acre project to get first homes

The Olympia Companies has sold 80 acres at Skye Canyon — a fraction of the 1,700-acre project site — to Pulte Homes and Woodside Homes, executives said today.

For Las Vegas renters, pricey resort-like options increasing

A pool is under construction at Elysian at the District at Green Valley Ranch, an apartment complex at 2151 Village Walk Drive, on Wednesday, Dec. 10, 2014.

Despite the still-sluggish economy in the Las Vegas Valley, investors are building a burst of higher-end rental complexes with larger units, lots of amenities and much higher prices. It’s unclear how many people want — and can afford — to live in them all, and whether too many developers are ...

Real estate was down, but across the country, it’s reviving — and nowhere more than here

Edward Coulson, director of Lied Institute for Real Estate Studies and professor of economics, poses in Beam Hall at UNLV Wednesday, Oct. 22, 2014.

New to Las Vegas, the director of the Lied Institute for Real Estate Studies talks about the improvement in the real estate market, the increase in enrollment at UNLV and NIMBYism in the 16th century.