Real Estate

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.

Real estate blog ranks Henderson fifth safest city in U.S.

Using Census data and FBI statistics to survey the country's 100 biggest cities, the blog placed​ Irvine, Calif., at the top of the list, followed by ...

Events facility Venue a potential boost for Fremont East

Construction continues on The Venue Las Vegas, a multi-function event space at 750 E. Fremont St., on Tuesday, Dec. 2, 2014, in downtown Las Vegas.

Years after buying the project site, nightlife entrepreneur Victor Perrillo is building an events facility on the cusp of Fremont Street’s rowdy bar scene. Construction is underway at ...

Investors are flipping fewer Nevada homes, report finds

A home for sale in Henderson.

Real estate investors aren’t flipping homes in Nevada as often as last year, but they’re still more active than flippers nationally. Flipping slowed nationally to ...

Las Vegas real estate market is a wild ride

Housing is a volatile business but seems more extreme in Las Vegas, with its long history of fast-paced construction, out-of-town investors and transient residents.

Buy $38 million Palms penthouse, and they’ll throw in a Lamborghini

Businessman Phil Maloof is trying to sell his 59th-floor penthouse at the Palms Place tower for $38 million.

Phil Maloof’s rooftop penthouse at the Palms is packed with opulence, but after sitting on the market for five months without luring a buyer, his listing agents have thrown in one more perk: A Lamborghini. Under a fittingly flashy promotion, whoever buys Maloof’s $38 million Las Vegas party pad will get a two-year, pre-paid lease on a 2015 Lamborghini Huracán, with an option to ...

Work progressing on recession-stalled Beltway project

The Gramercy development project is slated for completion soon by new owners Ofir Hagay and Benjy Garfinkle with WGH Partners on Wednesday, October 29, 2014. The tower at the failed Manhattan West (right) may be deconstructed or repurposed as things progress.  L.E. Baskow.

The former ManhattanWest, the stylish retail, office and residential complex that sat unfinished for years at Russell Road and the 215 Beltway, is being being completed by WGH Partners, which also is finishing construction on an abandoned condo project on Cactus Avenue at Bermuda ...

Henderson latest Southern Nevada city to launch home foreclosure registry

An auction sign for a foreclosed home in Las Vegas bends in the wind, Nov. 17, 2010.

In a region still stung by foreclosures, Henderson officials have kicked off the latest effort to track abandoned homes and prevent them from falling into disrepair. Nevada’s second-largest city this week launched a foreclosure registry at registerhenderson.com to monitor homes that are ...

Investors’ retreat from Las Vegas housing market triggers sales slowdown

An aerial view of a residential neighborhood in Las Vegas, Nevada.

When investors flocked to Las Vegas for cheap homes after the economy crashed, they resurrected the housing market with sorely needed ...

First mountainside home lot at Ascaya in Henderson sells — for $925,000

The lots at Ascaya are ready for mountain-mansion development with reservations now being accepted to begin the purchasing process Wednesday, Aug. 20, 2014, in Henderson.

Developers of Ascaya, the long-delayed mountain-mansion project in Henderson, have sold their first lot — a 0.46-acre parcel for $925,000. The sale closed Friday, property records show, and sales of two other lots are expected ...

Eric Trump talks Atlantic City, ‘Apprentice,’ return of pageants to Las Vegas

Eric Trump hosts a party at Trump International Hotel and Tower on Thursday, Oct. 16, 2014, in Las Vegas.

“What did Las Vegas do that Atlantic City didn’t? You built the best restaurants, you built the best shows, you have Red Rock Canyon, you have an unbelievable airport and the best convention facilities in the world.”