Real Estate

Developer fashions plan for Las Vegas expo center off I-15 near Strip

A view of vacant land west of Mandalay Bay on Thursday, Aug. 28, 2014. Developer Jack Kashani is said to be buying the 63-acre parcel to build a two million-square-foot fashion-industry expo center.

Developer Jack Kashani, who helped launch the World Market Center furniture-expo hall, has his sights on another massive showcase center for Las Vegas, even though his first one was marred by financial and legal woes. Kashani is rumored to be under contract to buy ...

Las Vegas new home sales down

A view of residential rooftops near Horizon Ridge Parkway and Gibson Road on Wednesday, June 1, 2011, in Henderson.

Local developers sold 499 new homes last month, down 23 percent from July 2013, according to a report out today from Las Vegas-based Home Builders Research. The median sales price last month was $290,000, up 9 percent from a year earlier but down 3 percent from January. Despite the slowdown, builders are steadily pulling more construction permits for new homes. ...

Sales of Henderson mountainside mansion lots underway at Ascaya

The view from Ascaya atop the mountain-mansion development has a fine view of the Strip on Wednesday, August 20, 2014.

If you want to live on a Henderson mountainside, hundreds of feet above the valley floor, get ready to pay big and build big. Ascaya is ...

Preferring Southern Nevada’s workforce over Arizona’s, tent maker plants stakes in Henderson

Technicians trim a piece of fabric on a seam welder at Creative Tent International July 30, 2014.

They’ve backed off from building a tent-covered tent manufacturing plant, but owners of Creative Tent International are up and running in Henderson after ditching Arizona. The company — which sells commercial tents in more than 60 countries for banquets, tennis court coverings, helicopter hangars and other uses — has hired ...

Henderson mountain-mansion development Ascaya back in business

Plans for luxury homes in the Ascaya mountainside community in Henderson are back on track on Wednesday, Aug. 13, 2014.

Hong Kong billionaire Henry Cheng blasted away a Henderson mountaintop during the real estate bubble, with plans for mansions overlooking the valley from street names such as Heavens Edge, Stonecutter and Epic View. Now after years of sitting untouched, developers are gearing up to ...

Long-abandoned corner of Las Vegas Boulevard and Sahara getting Walgreens

Tourists pass by construction at the northeast corner of Sahara Avenue and Las Vegas Boulevard South on Thursday, Aug. 7, 2014. A Walgreens will occupy about half of the first floor. Wilger Enterprises is the general contractor on the project.

It's paving over some colorful history, but a retail plaza with Walgreens is under construction on the north Strip and poised to bring more business to the struggling area. Sorenson Group Management broke ground this spring on a roughly 40,300-square-foot retail center at the northeast corner of Las Vegas Boulevard and Sahara Avenue. Walgreen Co. plans to open next spring, spokesman Phil Caruso said. The site was home to ...

Rising Las Vegas home prices hit ‘nice milestone’

Fafie Moore, left, a Realty Executives owner/broker, and Realtor Helen Riley look over the backyard of a home being offered for sale in Henderson on April 8, 2013.

Las Vegas housing prices inched up last month to the highest level in almost six years. The median sales price of previously owned single-family homes in Southern Nevada in July was $200,000, up 0.1 percent from June and 11.1 percent from July 2013, according to a new report from the Greater Las Vegas Association of Realtors. That’s the highest since August 2008, when the median sales price ...

Apartment complex rising at the District in Henderson

Construction continues on an apartment complex behind Whole Foods at the District at Green Valley Ranch in Henderson on July 31, 2014.

Years after buying the project site, developers are bringing pricey new housing options to the District at Green Valley Ranch in Henderson. Rents in the Calida Group's 360-unit apartment complex are likely to top out at ...

Home owned by Trump holdout auctioned for $530,000

The Trump Plaza towers over Vera Coking's three-story rooming house Wednesday, July 23, 2014, in Atlantic City. The decrepit boarding home owned by the Atlantic City woman who has been turning down multimillion-dollar offers for the building in the shadow of Trump Plaza since the 1980s is now up for auction.

She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person." The woman who became a folk hero for resisting decades-long efforts by big-name developers like Trump to displace her Atlantic City boardinghouse is now 86 and, at last, has sold. The 29-room property Vera Coking and her husband bought...

New-home sales in Las Vegas slide in first half of 2014

Cass Via, a maintenance worker at the High Roller, looks over a home listing in his RV at the Oasis Las Vegas RV Resort Tuesday, July 29, 2014. Via is in the market for a house but says he will be buying a pre-owned home, not a new one.

Sales of new homes in the Las Vegas Valley are down sharply in the first six months of this year compared with the first half of last year. Prices have risen dramatically and builders continue to pull permits, but the reasons some prospective buyers aren't closing deals are ...

Banks moving more aggressively against delinquent Las Vegas homeowners, report says

A foreclosed home is seen Thursday, April 28, 2011.

After a brief lull, lenders are again ramping up pressure on delinquent Las Vegas homeowners. The number of default notices filed in Clark County has climbed ...

Pardee Homes gives up land in long-stalled Coyote Springs project

Coyote Springs Golf Course is the only completed element of the 43,000-acre Coyote Springs project.

Pardee Homes, the former lead residential builder at the Coyote Springs master-planned community, relinquished about 2,500 acres of land at the site an hour from ...

Las Vegas developer buys Reno’s blighted Kings Inn

The Kings Inn, the long-abandoned hotel-casino that has come to symbolize downtown Reno blight, has been sold to a Las Vegas developer. The sale isn't final until …

Southwest Gas buys its headquarters, bids farewell to rent payments

Southwest Gas Corp. has bought the bulk of its Las Vegas corporate campus, as seen July 9, 2014, for $16.5 million cash from its Boston-area landlord.

Southwest Gas has been renting the majority of its corporate headquarters in Las Vegas for more than three decades. But with a $16.5 million cash purchase, the utility ...

Investor impact wanes as Las Vegas home prices climb again

Fafie Moore, left, a Realty Executives owner/broker, and realtor Helen Riley look over a home being offered for sale in Henderson April 8, 2013.

Las Vegas home prices continue to rise as investors, lured here by the recession’s bargains, keep backing out. The median sales price of previously owned single-family homes ...