Real Estate

Why once-troubled reverse mortgages are poised for a rebound

In this Thursday, Sept. 11, 2014 photo, Myles Griffin, 74, poses for a photograph in front of his home in Philadelphia. Griffin has lived with his wife for 40 years in their three-bedroom row home and after retiring three years ago, the couple signed up for a reverse mortgage in May.

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a comeback, drawing the scrutiny of regulators seeking to ...

More parking, more stores coming to Premium Outlets-North

Construction is in progress at Las Vegas Premium Outlets-North on Wednesday, Sept. 3, 2014.

Las Vegas Premium Outlets-North is expanding again. Management of the mall, which is on Grand Central Parkway near the Spaghetti Bowl, has expanded a parking garage with 780 more spots and is building ...

‘Only a matter of time’: Las Vegas home prices flatten out

This 2012 file photo shows a home for sale in Henderson.

Las Vegas housing prices were flat last month as the market slows down from its meteoric recovery from the recession. The median sales price of single-family homes in August was ...

Half-price sale: Vacant land on north Strip — $16M an acre

Development company Triple Five is trying to sell a 5.4-acre property on the north Strip for $16 million per acre, as pictured Wednesday, Sept. 3, 2014.

At the peak of the bubble, development firm Triple Five plunked down $180 million for property on the north Strip with plans to build a resort with an observation wheel. Today the land sits mostly empty, a sprawling parking lot in a struggling area, and Triple Five is trying to sell it ...

LVCVA’s sights set on $19M land buy for planned business district

The Las Vegas Convention and Visitors Authority wanted to spend up to $19 million for 4.8 acres of property on Convention Center Drive, including the Vegas Indoor Skydiving building, pictured Wednesday, Sept. 3, 2014.

Las Vegas’ tourism bureau is continuing its real estate buying spree for its planned multibillion-dollar business district. The Las Vegas Convention and Visitors Authority’s ...

Foreclosure scam leads to 35-year prison sentence

One of two brothers convicted of leading a nationwide foreclosure scam was sentenced Wednesday to 35 years in federal prison for stealing titles to more than ...

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...