LAS VEGAS, NV – An apartment complex catering to low-income seniors has begun construction in the southwest Las Vegas Valley this week, a project spearheaded by a local non-profit organization known as Nevada Hand that is looking to address affordability concerns for elder residents. Dubbed Buffalo Cactus Senior Apartments, and owned by Buffalo Cactus LP, the…
LAS VEGAS, NV – Despite an increase in sales prices over the course of 2023, a new report indicates that the year was the slowest the Las Vegas Valley housing market has seen since 2008 – a time span of 15 years – with an 18 percent drop from 2022 alone. According to new statistics from Las…
LAS VEGAS, NV – A vacant office building in the city of Las Vegas has been purchased by the Las Vegas Valley Water District (LVVWD) for $21.3 million from the Class B asset’s previous owner, Meadow View Associates and BoydT2. Located at 330 South Valley View Boulevard, the two-story, 166,409-square-foot building – which was fully vacant at…
LAS VEGAS, NV – According to a new report released this week, a Dallas-based corporate landlord backed by Wall Street purchased hundreds of homes in Clark County in a massive sale that took place on a single day in the summer of 2023. Spread out amongst three separate residential transactions that took place on July 18, a…
LAS VEGAS, NV – The 299-room SpringHill Suites by Marriott Las Vegas Convention Center has been sold for approximately $75 million to real estate investment trust (REIT) Apple Hospitality, as per a joint announcement issued by the two parties. Located next to the Las Vegas Convention Center at 2989 Paradise Road, Springhill Suites Las Vegas originally opened…
LAS VEGAS, NV – The second-oldest hotel on the Las Vegas Strip, the Tropicana, will be closed and imploded in 2024 following its partial closure in November to make way for the construction of a new home stadium for the transplanted Oakland Athletics Major League Baseball (MLB) team, signifying the loss of a major piece of Southern…
LAS VEGAS, NV – As 2023 draws to a close on one of the more unusual and noteworthy years in Las Vegas real estate, let’s take a look back over the past 365 days and highlight the top residential sales that have taken place in Southern Nevada. Despite the market experiencing a slowdown overall, some very high-priced…
LAS VEGAS, NV – With the last bits of COVID-19-era inflation hopefully evaporating next year, Las Vegas real estate experts are expecting current record-high home mortgage interest rates to drop slightly in 2024, slowly transforming Southern Nevada into a “buyers’ market” after several years of the reverse being the case. However, those same experts are shooting down…
LAS VEGAS, NV – Area 15, a Las Vegas-based 126,000-square-foot science-fiction themed retail and entertainment complex that offers an “immersive” environment for attendees, broke ground on a 20-acre expansion of the facility last week. Crews began building 36-foot walls that will enclose the expansion, with new attractions slated to include Universal Destinations & Experiences, a year-round horror…
LAS VEGAS, NV – This year, New Year’s Eve partiers need to be on the lookout, as Airbnb will be utilizing advanced artificial intelligence technology to clamp down on parties that are held on December 31 in Sin City. The online rental hosting service will use what they describe as “proprietary AI and machine learning technology” to…
LAS VEGAS, NV – Located within a gated community of Las Vegas’ Summerlin neighborhood, a lavish single-story house hit the market for nearly $2.1 million and quickly sold, signifying how luxury sales in Southern Nevada have remained relatively unaffected by the ongoing inflation and high mortgage interest rates impacting the rest of the country. Situated within…
LAS VEGAS, NV – The Gold Spike & Oasis Hotel, a historic property located in downtown Las Vegas and previously owned by late Zappos boss Tony Hsieh, has been listed on the open market by his family, which has engaged the services of brokerage firm Logic Commercial Real Estate to aid in the sale. According to Logic…
