Real Estate

LV attorney faces 30 years behind bars for role in securing 9 bogus mortgages

A Las Vegas attorney pleaded guilty Wednesday to a mortgage fraud crime that could land him in federal prison for up to 30 years, Nevada’s U.S. Attorney Daniel G. Bogden announced Thursday.

16 May 2013
By Jackie Valley

Deciding whether to rent or buy a home getting more complicated

Deciding whether to rent or buy a house in Las Vegas seemed pretty simple last summer: owning was cheaper than renting within two years of purchase.

16 May 2013
By Eli Segall

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House-flipping TV star says risk, reward available in Las Vegas market

Than Merrill, star of the A&E show “Flip This House” and CEO of Fortune Builders

The radio advertisement sounded almost too good to be true. Than Merrill, star of the reality show “Flip This House” and CEO of Fortune Builders, offering a free, one-time-only, two-hour real estate investment workshop to teach you how to make riches.

16 May 2013
By Brian Nordli

North Las Vegas throws out bids on project to raze vacant apartments

North Las Vegas wants to tear down this vacant apartment complex, which has long been an eyesore in the community.

The abandoned, boarded-up Buena Vista Apartments in North Las Vegas will stand for at least a little while longer.

15 May 2013
By Brian Nordli

Only in Las Vegas, where home construction and foreclosures surge simultaneously

Roofers work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, April 5, 2013.

Homebuilders in the country’s largest cities are getting ready for a boost of work, but only in Las Vegas are they ratcheting up plans as foreclosure activity rises, a new study shows.

15 May 2013
By Eli Segall

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City rolls back fine on Silver Dollar Avenue condos, issues stern warning

A Las Vegas property owner will get a steep discount on the nearly $600,000 in outstanding fines tied to 19 condominium units near Valley View Boulevard and Sahara Avenue so long as he makes regular monthly payments to reimburse the city for its cost of cleaning up the property several years ago.

15 May 2013
By Conor Shine

Joe Downtown: Tony Hsieh to get new landlord?

Tony Hsieh, CEO of Zappos.com, talks about ideas for downtown redevelopment at a Zappos condo in the Ogden in downtown Las Vegas Thursday, June 7, 2012.

Residents of The Ogden high-rise in Downtown Las Vegas are buzzing about what they say is the impending sale of the building to a foreign company. The Ogden is an activity hub for the nouveau downtown tech crowd and home to Zappos CEO Tony Hsieh.

15 May 2013
By Joe Schoenmann

More and more million-dollar homes being snapped up in Las Vegas

Las Vegas resident Eric Petersen sold this home on Tomiyasu Lane to Treasure Island owner Phil Ruffin for $15 million. The estate boasts more than 71,000 square feet in building space with 18 bedrooms, nine bathrooms, an 11-car garage and 10-stable horse stall.

After some chilly years, Las Vegas’ luxury housing market is heating up. There were 85 sales of million-dollar homes in the three months ending March 31, up from 39 deals in the same period last year.

15 May 2013
By Eli Segall

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Why a solar panel company is moving into a mall and a business group moved out

Jim and Sharon Vargo of Lake Delton, Wis., cross a bridge at Town Square on March 20, 2009.

A fast-growing Silicon Valley company is gobbling up Las Vegas office space as it moves into Nevada and, ironically, takes over the offices of a group that works to bring new companies to the state.

15 May 2013
By Eli Segall

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Lake Las Vegas, long viewed as a bust, is rebounding

Scenes from Lake Las Vegas Tuesday, August 14, 2012.

A few years ago, Lake Las Vegas was on the verge of collapse. Foreclosures swept through the bankrupt Henderson project as home values and retail sales plunged. Shuttered golf courses turned brown. The project’s only casino closed because an adjacent hotel locked its doors. Even a man-made waterfall was turned off. Now, the lavish project described for years as a financial bust is slowly nursing itself back to health. Home prices are on the upswing, hotel occupancy is inching higher, and new tenants are joining the retail district. Since July, Wall Street billionaire John Paulson’s firm has bought more than ...

15 May 2013
By Eli Segall

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U.S. homebuilding is surging, but job growth isn't

Carpenters frame a home at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, April 5, 2013.

The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help — if he could hire enough qualified people.

9 May 2013
By Alex Veiga, Associated Press

Summerlin's surge in land sales signals a healthier Las Vegas housing market

A carpenter works on a new home at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, April 5, 2013. Las Vegas Strip casinos are shown in the background.

Summerlin land sales almost quadrupled last quarter from a year before, a sign of homebuilders’ increased appetite in Las Vegas.

9 May 2013
By Eli Segall

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Commercial real estate a bargain in Las Vegas, but what about income potential?

The office building at 1401 N. Green Valley Parkway in Henderson, as seen Jan. 29, 2013. Southern California investor Ed Mustafa recently acquired this and six other nearby commercial buildings.

Las Vegas’ commercial real estate market will not fully recover anytime soon from the recession, but it has one perk: low-priced deals for investors.

9 May 2013
By Eli Segall

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Thumbs up — or at least on the scanner — for Panorama Towers

Security Director River Polson demonstrates a finger print scanner as he makes access to a fitness room during a hi-tech security tour of the Panorama Towers Wednesday, April 10, 2013. The fingerprint scanners improve security and add convenience for residents who no longer need to cary keys or keycards to access common areas, he said. The tour was held in conjunction with the International Security Conference & Exposition (ISC West) taking place at the Sands Expo Center.

he Panorama Towers condo project offers high-rise luxury living near the Strip. It also offers high-level security with dozens of cameras, video-phones and fingerprint scanners.

9 May 2013
By Eli Segall

Nevada maintains familiar perch atop foreclosure rankings

A vacant HUD home is shown in North Las Vegas April 2, 2013. A neighbor said that it has been vacant for a bout two years. (1524 Gaber Court, North Las Vegas)

Nevada had the highest foreclosure rate in the country again last month despite having fewer distressed homes. One in every 360 housing units statewide had a foreclosure-related filing in April.

8 May 2013
By Eli Segall

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