Las Vegas Real Estate News

Stay put? Deadly London fire puts scrutiny on high-rise rule

Smoke and flames rise from a building on fire in London, Wednesday, June 14, 2017. Metropolitan Police in London say they're continuing to evacuate people from a massive apartment fire in west London. The fire has been burning for more than three hours and stretches from the second to the 27th floor of the building.

A catastrophic blaze at a London apartment tower has brought new scrutiny to a long-accepted, counterintuitive rule for people in tall buildings: If the blaze breaks out elsewhere in the structure, don't automatically ...

A look at five projects underway right now in downtown Las Vegas

Eureka restaurant will occupy the space formerly occupied by The Beat Coffeehouse & Records on the first floor of Emergency Arts.

With the near-constant flurry of activity in the downtown area of Las Vegas, you’ve likely driven by or walked past a construction project and wondered, “What’s ...

Shoppes at Harmon Square secures $18.1 million loan

Oversize depictions of food items are built into Shoppes at Harmon Square, 4501 Paradise Road, which recently secured a loan to retire existing senior debt and fund tenant improvements.

The Shoppes at Harmon Square in Las Vegas, which renovated its units, façade and parking last year, has secured a $18.1 million loan from Benefit Street Partners. ...

Realtor group on Legislature: ‘Good session’ for homeowners

Members of the Nevada Senate convene a session in the Senate Chambers in Carson City on Friday June 2, 2017.

Homeowners fared generally well during the 2017 session of the Nevada Legislature, according to the Nevada Association of Realtors.

Increasingly tight market tougher on Southern Nevada homebuyers

A carpenter takes a measurement at a custom home under construction in the Ridges Las Vegas, a luxury residential community in Summerlin, Thursday, June 11, 2015.

Summer usually ushers in prime homebuying season in Southern Nevada, but that could change drastically in 2017. A severe housing shortage continues to befall the valley, driving up prices and creating major competition among buyers for ...

How tales of property ‘flippers’ led to a housing bubble

House flipping was a hallmark of last decade’s real estate bubble, when investors, backed by easy money, bought homes and sold them for profit a short time later. Few places got as crazed with flipping as Las Vegas.

There is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the Great Recession and ...

Is Las Vegas building a new bubble? Analyst gives his take

Jeremy Aguero, a principal analyst with Applied Analysis, poses at his office building in Summerlin Wednesday, August 3, 2011.

Don’t worry, Las Vegas isn’t racing toward another economic cliff. So said analyst Jeremy Aguero this morning to business, community and government leaders at ...

The Property Brothers are fixing to take over the world

Celebrity designers and brothers, Drew and Jonathan Scott hang out on the roof of a local condo during a production day for their HGTV show, "Brother vs Brother," in Galveston, Texas, Feb.15, 2017.

In seven years, Drew and Jonathan Scott, 39, have gone from aspiring celebrities on a small Canadian cable network to HGTV headliners who star in, and in some cases produce, some of the most popular …

Home prices keep rising amid ‘housing shortage’ in Southern Nevada

A look at construction happening at Cadence master-planned community in Henderson on October 23, 2015.

Local home prices continued to climb in April as Southern Nevada now has less than a two-month supply of homes available for sale, according to a report released Monday by the Greater Las Vegas Association of Realtors. ...

Rental prices in Las Vegas Valley rising in step with sales prices

A view of The Lido apartments, formerly the Camden Legends Apartments, 2501 Wigwam Parkway, in Henderson April 26, 2016.

The lack of available homes, which drives up sales prices in Southern Nevada, continues to have an effect on the local rental market as well. The average monthly rent for a family-sized home in the Las Vegas Valley climbed to $1,328 per month, a jump of ...

Photos: Killers' frontman Brandon Flowers selling Vegas mansion

This Las Vegas house on Pinto Lane owned by The Killers frontman Brandon Flowers is up for sale, Tuesday, April, 25, 2017. The house was also previously own by Andre Agassi.

Do you want to live in Brandon Flowers’ mansion, once also owned by Andre Agassi and Howard Hughes among other Las Vegas celebrities? Flowers’ 8,300-square-foot estate, 2981 Pinto Lane near Rancho and Alta drives, is for sale ...

Winter growth bodes well for local real estate market

The Cadence master-planned community in Henderson is shown in 2015. Last month’s median price for existing-home sales moved up 10 percent from March 2016, anew report shows.

The normally slow winter season for the Las Vegas real estate market continued a slight warming trend in March. ....

A real estate boom, powered by legalized pot

Plants in a grow room at Ermont’s medical marijuana dispensary in Quincy, Mass., March 29, 2017. Across the country, the booming medical marijuana sector is putting use to dilapidated warehouses and industrial buildings like this one, reshaping blighted neighborhoods and sending property values soaring.

Legalized marijuana has upset societal norms, created a large legal gray area and generated a lucrative source of tax revenue. Now it is upending the real estate market, too ...

What a Las Vegas Raiders stadium might mean to Russell Road neighborhood

A view of the 62-acre Russell Road site for the proposed Las Vegas Raiders stadium Wednesday, March 29, 2017. This photo is taken northbound from Russell Road.

Business owners near the intersection of Russell Road and Polaris Avenue are anticipating how the landscape will change when the Las Vegas Raiders stadium is ...

Nevada real estate investment firm receives $2.2 billion judgment

District Court Judge Kenneth Cory, shown in 2014, issued a $2.2 billion judgment Tuesday for a Nevada company, First 100 LLC, against Cambodian-born billionaire Raymond Ngan who defaulted on $160 million in promised funding.

A Nevada company that purchased and foreclosed on homeowners association liens won a $2.2 billion judgment today in Clark County District Court against a ...