Category Archive : Area Living

LAS VEGAS, NV – Las Vegas commercial real estate developer Rob Lauer on Tuesday reportedly began attempting to gather investors to put up $310 million to construct a private spaceport in Clark County. 

If his endeavor is successful, Lauer plans to use the investment capital to form a publicly-traded company that would build the Las Vegas Spaceport, an extensive facility which would consist of a launching pad, a runway for spaceplanes, a control tower, a flight school, and a 200-room casino resort. 

The spaceport is slated to be built on a 240-acre plot of land located between Las Vegas and Pahrump that Lauer previously purchased in November 2022, and the developer notes that this is a long-term project for him, having already been brainstorming the details for the past year. 

Currently 37 companies are in the process of developing aircraft, and Lauer anticipates at least one of them being able to develop a vehicle within the next decade that would be able to achieve Earth orbit in order to begin a wave of so-called “space tourism,” including the possibility of such vehicles visiting an orbiting hotel. 

Lauer said that the location outside of Las Vegas that he has picked for the spaceport is perfect due to the fact that the city attracts millions of tourists on an annual basis, with many of them willing to shell out big bucks in order to enjoy a unique travel experience. 

The forward-thinking entrepreneur said that safety will be of a paramount concern to the facility, and to that end Lauer noted he has extensively consulted with numerous aerospace experts in order to educate himself on the best way to build the Las Vegas Spaceport from the ground up. 

However, despite how impressive Lauer’s plans may look on the surface, Amanda Bellarmino, an assistant professor at UNLV’s William F. Harrah College of Hospitality, said that they realistically don’t appear to be feasible for a number of reasons. 

The challenges I see with space tourism are safety concerns and cost. Right now it seems like an activity for a few very wealthy people,” she said. “There would also be safety concerns, especially with the recent tragedy with the Titan submersible. Unless there is the type of changes we saw with airline travel in the early 20th century in terms of safety and cost reduction, I do not think it will have mass appeal.” 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Actor Dean Cain – who grew to national fame playing Superman in the popular television series “Lois and Clark” in the 1990’s – is the latest example of California residents leaving their home for the improved quality of life offered by the neighboring state of Nevada, with Clark County property records showing that he closed on a $4 million home in Las Vegas’ Henderson suburb late last month. 

In a recent interview, Cain said that he enjoyed living in California but had decided to move from Malibu to Las Vegas because he was beginning to find the political climate in the Golden State becoming unbearable for his tastes.  

However, the actor recalled thinking “I believe I’ve done a very, very smart thing” almost immediately after moving to Southern Nevada. 

I love California. It’s the most beautiful state. Everything’s wonderful about it except for the policies. The policies are just terrible. The fiscal policies, the soft-on-crime policies, the homelessness policies,” Cain said. “If I wanted to do anything out of Malibu, it took me 45 minutes to an hour to get anywhere. Here, the longest I’m driving is 20 minutes.”  

Cain sold his ocean-view Malibu home in May for $6.25 million, a $1 million reduction from his original asking price. His new residence, located within Henderson’s guard-gated Terracina at Seven Hills development, comes in at 6,600 square feet with five bedrooms, seven bathrooms and a three-car garage, boasting modern, contemporary architecture with views of mountains, city lights, and the famed Las Vegas Strip. 

The interior, which is accessed through a walled courtyard with an elegant “walk on water” entrance, boasts high ceilings and glass walls, with a great room with two fireplaces and three wall mounted televisions and a huge gourmet kitchen. Other high-end amenities include an elevator, movie theater, glass and closed wine cellar, a game room, and a backyard putting green. 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The planned move of the Oakland Athletics to Southern Nevada took one more step to reality as the Nevada state legislature approved on Wednesday the expenditure of up to $380 million in public funds for the construction of the Major League Baseball team’s proposed new stadium on the Las Vegas Strip.

Senate Bill 1 was approved by the Nevada Senate on a vote of 13-8, after which it was sent to the State Assembly, where it also passed on a 25-15 vote. From there, it is slated to the head to the desk of Governor Joe Lombardo where he is expected to sign it into law, given the fact that he has been steadfastly in support of the project since its inception.

Once Lombardo signs the legislation, as much as $380 million in public funds will be earmarked for the A’s new stadium; in addition, the project in its current form could potentially also receive up to $180 million in transferable tax credits.

Tonight, we thank the members of the Nevada State Legislature and their staff for their hard work, due diligence, and attention to detail as we work to bring the Athletics to Las Vegas,” the A’s said in a statement. “We are especially grateful for the legislators’ time and dedication to shepherding this bill through the process. We look forward to Governor Lombardo’s signature as our next step.”

The new home of the Athletics’ will be on a nine-acre plot of land situated on the 35-acre site of the Tropicana, located at Las Vegas Boulevard and Tropicana Avenue. Currently, the plan is to demolish the Tropicana to make way for the A’s stadium and to build a new 1,500-room hotel and casino on the remaining acreage.

The A’s home stadium – the project is expected to cost a total of $1.5 billion – is slated to take the form of a 35,000-seat retractable roof stadium, with the project currently pending the passing of state legislation for public financing. Once the monies are obtained, full development of the ballpark will be in the hands of Bally’s.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Numerous listings for rental properties in Las Vegas are showing that landlords and property managers in increasing numbers are offering various incentives to draw in tenants, a situation that until recently was not the norm. This situation is begging experts to question if Southern Nevada is slowly transitioning into a renter’s market after years of skyrocketing rents and low vacancy,

Kiara Ringgenberg and her boyfriend were moving in April from Helix on Alta Drive to Ely at Fremont Street in downtown Las Vegas, and were surprised to discover that their new landlord was only too happy to go out of their way to accommodate their moving schedule.

We were going to move in May since that’s when our lease was ending, but we wanted to move sooner rather than later,” she said. “Ely offered us two weeks of no rent to get us moved in on the timeline we wanted.”

In addition to the free rent, Ringgenberg also noted that Ely now also offers tenants free passes each month to local events that provide food and entertainment, a growing situation in Las Vegas as of late.

Listings for multifamily developments in Las Vegas recently are offering more and more perks to lure in or retain tenants, reports say, such as a free month’s rent or parking, echoing trends that are occurring across the United States.

According to real estate listing company Zillow, approximately 27 percent of rentals who advertise via its platform are offering at least one concession or more, representing a 6 percent increase when compared to the same period of time in 2022.

In Las Vegas rents decreased by 2.2 percent year-over-year during the first quarter of 2023; the average rent in the valley is now $1,430 per month.

According to the Nevada State Apartment Association (NSAA), renters in Las Vegas are currently getting a bit of an edge in the housing market due to high interest rates that have resulted in a “decrease in rent prices with growth in available units.”

Reasons for this shift include upcoming inventory increases, current vacancies and changes in renter patterns,” the NSAA said. “It is not uncommon, when these trends exist in a market, for landlords to offer concessions to renters to incentivize them to renew their lease or to attract new tenants to a unit. These concessions could include a free month of rent, reduced security or rent deposits, upgraded parking or more.”

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Following a committee hearing on Monday for a bill for the proposed Las Vegas ballpark stadium of the Athletics – which recently announced they would be transplanting themselves from California to Nevada – the Southern Nevada Building Trades Union (SNBTU) has publicly shown their support for the project, saying that the construction of the famed MLB team’s new home would benefit the local economy by generating over 5,000 new jobs. 

The A’s recently reached an agreement with Bally’s Corp. to purchase a nine-acre plot of land currently occupied by the Tropicana Resort & Casino, where they will now construct their new stadium. Currently, the plan is to demolish the Tropicana to make way for the A’s stadium – which is slated to take the form of a 35,000-seat retractable roof venue – and to build a new 1,500-room hotel and casino on the remaining acreage.  

SNBTU has launched a new campaign to support the A’s move to Las Vegas, dubbed “A+ Jobs,” which will “educate the community about the positive impact building the stadium would have on Las Vegas.”  

The reason for SNBTU’s support of the A’s move, according to the organization’s Secretary-Treasurer, Vince Saavedra, is that the development of their stadium will allow “SNBTU to expand its roster to put the construction trades to work.” 

Vegas has proven itself as a major-league sports town, so it makes sense for us to add a Major League Baseball team,” he said. “Our roster of skilled construction workers have always built the biggest projects in Vegas and we’re ready to step up to the plate to build the stadium. By showcasing our members on baseball cards, we are highlighting the impact this project will have on jobs and working families in our community.” 

SNBTU noted that the development of the A’s new stadium will create over 5,000 “good-paying” jobs for individuals in numerous trades, including ironworkers, bricklayers, laborers, electricians and more; in addition, its construction would also spur new investment opportunities in Las Vegas, in addition to increasing tourism as well. 

The stadium is projected to spur billions in new investment and bring 400,000 additional visitors to the area each year – all without raising taxes,” Saavedra said. 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Currently, Asians and Polynesians are making up some of the fastest growing ethnic groups in Las Vegas, and according to experts they are starting to make a serious impact on the Southern Nevada real estate market. 

With May representing Asian American and Pacific Islander Heritage Month, realtor Shane Nguyen – who has worked in the local industry for the past 26 years – said that approximately 12,000 members of the Asian American Pacific Islander (AAPI) community are moving to Las Vegas on an annual basis; at the time of the 2020 U.S. Census, there were 335,000 individuals who identified as being AAPI living in Clark County alone. 

Nguyen noted that the reason Vegas is so appealing to AAPI people is because housing prices are more affordable compared to many other large metro areas in the country, with most of the members of the community that are moving here hailing from California. 

The real estate over there is almost three times more than over here so as you can see it is very affordable and it’s close to California,” he said. 

In addition to the more affordable housing, another reason why many AAPI people are moving to Southern Nevada is due to the extremely business friendly climate when compared to neighboring states such as California. This makes for a significant lure to Asians and Polynesians, whom Nguyen noted tend to be very hard-working and entrepreneurial. 

We invite small businesses, we don’t have a corporate tax, personal tax, involuntary tax, we don’t have franchise tax, gross receipt tax, so it makes it very attractive for business owners,” he said. 

As of late, Las Vegas’ Chinatown has been expanding rapidly and the AAPI community has, as a result, been spreading throughout the entire valley, providing significant contributions to the local economy as well as the real estate market. 

We help the real estate market in terms of buying homes, there are many investors out there that are not from Las Vegas or Nevada, and they come from other states to invest here because it is so affordable,” Nguyen said. “Las Vegas is an amazing city it is a melting pot and It welcomes all walks of life.” 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The developer of a new master-planned community in Las Vegas evidently wants to “catch ‘em all,” as new residents are noticing that the streets in the neighborhood are named after characters from the popular Pokémon series of video games and cartoon television shows. 

Serenity Place, an upscale community in Henderson, surprisingly has streets named after numerous well-known “Generation 1” Pokémon critters such as Jigglypuff, Squirtle, Snorlax, Charmander, and Charizard.

Pokémon – an abbreviation of Pocket Monsters – is a Japanese media franchise about fictional creatures called “Pokémon” that are caught, trained, and cared for by humans who use them to battle with other Pokémon and their trainers. The English slogan for the franchise is “Gotta Catch ‘Em All!” 

Andrea Miller, a construction manager at Harmony Homes LLC – Serenity Place’s developer – noted to local media the difficulty of naming streets in Las Vegas. Developers are required to determine the number of streets in a community and then submit double the amount of potential names for those streets to the county in case any of them have already been used, among other concerns.

However, Miller’s sons, aged 11 and 14, are “obsessed with Pokémon” and gave her the idea to name  Serenity Place’s streets after the creatures. There are currently 1,015 Pokémon species, so Miller certainly had plenty of names to choose from. 

“When I hear Jigglypuff, I giggle,” Miller said. “When you’re coming home from work and you had a bad day and you have to turn on Jigglypuff Lane, that will make you smile.” 

Jigglypuff Lane is the main thoroughfare of Serenity Place, Miller said, mainly because it’s her sons’ favorite Pokémon; other street names in the community include Snorlax Lane and Squirtle Lane. 

However, there’s no word on if there’s a street named after the most famous Pokémon of all, Pikachu, which would seem the most obvious choice if you’re pulling names from the series’ vast bestiary.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – After initially announcing a deal in late April to purchase property off of the Las Vegas Strip in order to construct a $1.5 billion ballpark, the Oakland Athletics MLB team – who are following the NFL Raiders in uprooting and transplanting themselves from California to Nevada – reversed themselves this week and announced they have instead reached an agreement with Bally’s Corp. to purchase land currently occupied by the Tropicana Resort & Casino, where they will now construct their new baseball stadium.

The new home of the Athletics’ will now be on a nine-acre plot of land situated on the 35-acre Tropicana site, located at Las Vegas Boulevard and Tropicana Avenue. Currently, the plan is to demolish the Tropicana to make way for the A’s stadium and to build a new 1,500-room hotel and casino on the remaining acreage.

The A’s home stadium is slated to take the form of a 35,000-seat retractable roof stadium, with the project currently pending the passing of state legislation for public financing. Once the monies are obtained, full development of the ballpark would be in the hands of Bally’s, according to the company’s president, George Papanier.

“We are honored to have been selected to partner with the Oakland Athletics on this monumental step in helping to bring Major League Baseball to the great city of Las Vegas,” Papanier said. “To be a part of the once in a generation opportunity of having a professional baseball team located within a short walk of the Las Vegas Strip.”

Papanier noted that the development of the A’s new stadium would be steeped in the long-standing history of the site on to which it is to be erected, becoming an iconic landmark in the city of Las Vegas on par with the Tropicana itself.

“The Tropicana has been a landmark of Las Vegas for generations, and this development will enhance this iconic site for generations to come.” he said. “We are committed to ensuring that the development and ballpark built in its place will become a new landmark, paying homage to the iconic history and global appeal of Las Vegas and its nearly 50 million visitors a year.”

The project is expected to cost $1.5 billion.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – A new report released by a national moving company indicates that Las Vegas, Nevada currently ranks as the second-highest location in the United States that both people and businesses are moving to.

In its 13th annual top moving destinations list, Penske Truck Rental noted that – for the second year running – Las Vegas was the second most popular city for customers to rent its moving trucks for a one-way trip in 2022, indicating that these travelers were intending to stay at their destination permanently.

Houston, Texas topped the company’s list as the country’s most popular one-way moving destination for the second year in a row. Third, fourth, and fifth places were held by Orlando, Phoenix, and Atlanta – the city’s first appearance on the list since 2020 – respectively.

In 2022, approximately 27.3 million people moved in the United States according to the U.S. Census Bureau, representing a 4 percent year-over-year increase.

In recent years, Las Vegas has been experiencing a great influx of new residents from neighboring states such as California who are looking to escape high taxes and exorbitant cost of living increases; a new report also indicates that more and more individuals from a wholly unexpected state – Florida – are also making the decision to relocate to Southern Nevada as well, for a variety of reasons.

One of the reasons that Southern Nevada is growing in popularity with Floridians, reports say, is that it offers the same business-friendly environment as their native state – as well as similar low cost of living benefits – but without the regular threat of natural disasters such as hurricanes and tropical storms threatening both property and well-being.

The fact that Las Vegas has slightly cheaper real estate prices overall when compared to Florida – allowing new transplants to get more bang for their buck – is another strong motivating factor, according to experts.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

HENDERSON, NV – One of the most appealing parts of living or spending time in Las Vegas is the feeling of luxury. While some permanent residents opt to purchase large homes in the area, rental properties can also pack the same iconic Las Vegas glitz and glam. 

For instance, just outside of Las Vegas sits the most expensive rental in the area — a 15,000-square-foot megamansion. The sprawling complex sits on over 2 acres of land in Henderson. 

Along with a great, unobstructed view of the strip, the property also features a stunning look at the surrounding mountains. However, the amenities of the megamansion don’t stop there, as the compound also boasts unique features like an 18-car garage and a chef’s kitchen with two islands. 

Those looking to enjoy the great outdoors can do so by taking a dip in the property’s 50-foot-long edgeless pool. Once finished soaking, the spa is the perfect relaxation spot before heading inside. 

Potential tenants who love to entertain will be happy to hear the mansion has a rooftop party deck with beautiful views of the area, especially at night when the strip shines the brightest. The deck area also features a pizza oven and a barbeque area for grilling. 

The inside of the home has room for multiple family members with access to seven bedrooms and 11 bathrooms. Families with kids and teenagers will notice many fun areas of the house for everyone to enjoy including:

• Bowling alley
• Movie theater room
• Indoor basketball court
• Wet bars and wine closets with wine or soda on tap

If you and your family are looking for a dream house that embodies Las Vegas, this megamansion is a great place to visit. 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – With baseball season in full swing, we have already seen several interesting storylines. However, the one that has generated the most buzz doesn’t have much to do with the game itself. Instead, it has to do with the relocation of the Oakland Athletics to Las Vegas.

In a move that shocked most of the baseball world, the Athletics agreed to a contract with the city to allow them to build a new stadium just west of the Las Vegas Strip. While this is good news for sports fans in the area, it could also have a tremendous impact on the surrounding real estate. 

According to Nicholas Irwin, an Assistant Professor of Economics at UNLV, adding a new professional sports team to the area would cause the land nearby to be worth more. However, Irwin did have the following to say about the advantages and disadvantages of the Athletics coming to town:

“If land prices do go up, it would push some people out of the area. It could lead to more commercial activity in the area as well. You never really know what type of impact it will have on the city as a whole until it comes in and you see the aftereffects.”

While many residents are excited about the news, there is one thing many people are worried about — traffic. The traffic situation in Las Vegas is already stressful for many tourists, and a bad situation could worsen with the addition of the baseball team. 

County Commissioner Jim Gibson stated that his team plans on reviewing all transportation options to ensure the city is prepared for the influx of visitors and fans. 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – For many people, visiting Las Vegas is a dream vacation full of opportunities to relax and take in the sights of one of the most glamorous cities in the United States. However, for the residents of the town, especially those classified as seniors, it can be challenging to find an affordable place to live. 

While communities like the Ensemble Senior Apartments offer lower rent options for seniors, the number of available units has been slowly dwindling. To help create more affordable housing options for seniors, state officials signed over five acres of federal land to Clarke County. County representatives have plans to utilize the space to build another community with 195 units. 

The new addition of the apartment complex is part of a larger initiative that kicked off in September 2022 aimed at providing more low-cost housing options to Las Vegas Valley residents. Aptly named “The Welcome Home Initiative,” the program is set to allocate over $120M to similar projects around Clark County. 

Nevada Senator Catherine Cortez Masto had the following to say about the affordable housing project:

“An initiative like this one requires everyone to come together. It starts from the ground up by not only developing and getting the land initially but also requires individuals with the patience to put a project like this together.”

Adding new housing communities like the Ensemble and the complex being built within the coming years are significant steps to fighting homelessness in the community. However, Clark County still estimates a shortage of over 85,000 homes for low-income people.

With the help of city officials and groups around Clark County, the goal of providing low-cost homes for the community’s residents is one that many hope will be reached over the next decade. 

For more information on Ensemble Senior Apartments call (702) 990-2737 or visit https://seniorlasvegasliving.com/properties/ensemble/

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.