Category Archive : Real Estate

LAS VEGAS, NV – A 10.5-acre custom estate in Las Vegas featuring a fascinating and lavish medieval-themed Las Vegas mansion has just been listed on the market for $10 million.

Located upon a gated hilltop in Henderson, the startlingly unique, castle-themed 14,756-square-foot luxury residence was originally built in 2006 by Vegas-based magician Lance Burton. He had a long-running and highly-successful magic act, performing over 15,000 shows at the Monte Carlo Hotel and Casino for over 5,000,000 people until retiring in 2010, at which time he moved to his farm in Kentucky.

Later, in 2021, he put the Henderson mansion on the market, eventually selling it for $4 million; now it’s back up for grabs, but this time with a $10 million price tag.

The estate boasts six bedrooms and seven baths, and medieval-styled touches such as battlements and a turret that overlooks the valley and the Las Vegas Strip; however, there is also a clash of styles, with modern floor-to-ceiling windows and asymmetrical rooflines.

1280 Scooter Street, Henderson – $10,000,000.00

The interior is elaborate and highly detailed, featuring a great room with a 30-foot barrel ceiling and intricate decorative items everywhere, such as busts, mounted suits of armor, hallways lined with historical portraits, red velvet draperies, gold leafing, rich paneling and lush carpets, and bronze and marble statues.

In contrast to the almost Victorian-style trappings, there are also a host of high-end, modern amenities as well, such as a chef’s kitchen with a Viking Professional grill and a wine fridge, movie theater, performing stage, two-story library – with a secret door leading to the second floor – gym, office, library, sitting room, and a grotto area with a waterfall and spa.

There’s a sense of drama in the house,” Burton said of the residence in 2021. “The house is very cinematic with a lot of natural light. The living room has an overhead bridge that goes across the room. You walk up a spiral staircase and the bridge takes you to the guest rooms.”

See full listing details for 280 Scooter St, Henderson

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to a new report released by a Las Vegas-based real estate industry group, the prices of homes in Southern Nevada increased in July – continuing their recent upward trajectory – whereas the cost of condominiums and townhomes reached an all-time record high.

Las Vegas Realtors notes that the median price of an existing single-family home in Las Vegas last month was $480,000, which represents a 1.05 percent increase over June, when that amount was $475,000. It’s also a 6.7 percent jump over July 2023’s median price of $450,000, with current prices slowly crawling to meet – and possibly exceed, eventually – the all-time record high of $482,000, which was reached in May 2022.

Meanwhile, the median price for condominiums and townhomes broke the local Las Vegas record, reaching a new all-time high of $296,000; the previous record, originally set in May of this year and subsequently carried over into June, was $295,000.

Las Vegas Realtors President Merri Perry said that the fact that the mortgage industry in the United States is still charging high interest rates on home loans appears not to have deterred sellers in Southern Nevada – and across the country – from continuing to raise their prices on homes.

It looks like prices for homes here in Southern Nevada will soon follow what’s already occurred with condos and townhomes, which have been at record levels since May,” Perry said. “One bright spot for home buyers in this month’s report is that we continue to see more homes hitting the market and available for sale.”

At the end of July, there were 4,634 single-family homes listed in Vegas without any offers, which is a 31.5 percent increase year-over-year. In addition, there were 1,481 condos and townhomes listed without an offer, a 70 percent jump from July 2023.

A combined total of 2,764 existing homes, condos, and townhomes were sold in Las Vegas by the end of July, an increase of 5 percent for homes and 1.5 percent for condos in townhomes year-over-year.

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – National Hockey League (NHL) star Jonathan Marchessault has listed his Summerlin mansion for sale for $5.2 million after leaving the Las Vegas Golden Knights – a team he has played with for the past seven seasons, during which time the team picked up a Stanley Cup win – for a new big-money deal to play for the Nashville Predators.

After signing up to play for the Predators in July, Marchessault, 33, listed his two-story, five-bedroom, 5,586-square-foot home for sale in August for $5,200,000 after having previously purchased the residence – located in Summerlin’s private, master-planned community of Canyon Fairways – in 2021 for $2,150,000.

The residence was originally constructed in 2003 and features a contemporary design and has undergone numerous remodeling projects. It is part of a homeowners’ association whose fees are $580 per month, and membership includes access to golf courses, basketball courts, parks, playgrounds, and 24-hour a day, seven-day a week security.

504 LOB WEDGE CT, LAS VEGAS, NV 89144

The lavish mansion boasts huge glass doors and windows; a kitchen with granite countertops, custom cabinets, a pantry, and an island; a primary suite with an entertainment center, reading nook, walk-in closets, and a private balcony overlooking the backyard; and a primary bath with a soaking tub and double-sized shower.

The backyard is large and features many amenities, such as a children’s play area including an in-ground trampoline, a sports court, a fenced pool and spa, and a covered patio with a kitchen, dining area and fireplace.

Marchessault, who originally hails from Cap-Rouge, Quebec, Canada, was selected by the Golden Knights in the 2017 NHL Expansion Draft, and was later voted the most valuable player when the Golden Knights won the Stanley Cup Finals in 2023, a season that saw him make a career-high of 42 goals. He left the team at the end of the season as a free agent and subsequently signed a five-year, $27.5 million contract with the Nashville Predators on July 1.

See full listing details for 504 Lob Wedge Ct, Las Vegas

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Former Las Vegas Raiders quarterback Derek Carr has just put his lavish Southern Highlands mansion on the market for nearly $9 million, following his signing with another NFL team, the New Orleans Saints, last year.

Carr’s mansion, which was built in 2020 and boasts seven bedrooms and nine bathrooms, was listed this week for $8,990,000. The residence comes in at 9,628 square-feet and is located in a gated community that charges a $72 monthly homeowners association fee.

The home has a sleek, modern design aesthetic, with an open layout, tall ceilings, hardwood flooring, and oversized picture windows. The living room has a modern floating fireplace and a sculptural chandelier, and the kitchen has a seated center island, stainless steel appliances, marble countertops, and a pantry. There is also a stone-walled den and large office on the first floor as well.

52 Olympia Canyon Way, Las Vegas – $8,990,000.00

The mansion also has numerous high-end amenities, including a private balcony attached to the primary suite by a wall of sliding-glass windows, as well as walk-in closet, sitting area, and a spa-inspired bathroom with a soaking tub. There is also a guesthouse, a caretaker’s house, sports court, full gym with a golf simulator, and an eight-car garage.

The spacious backyard features a large lawn, two pools, and a patio area with a built-in outdoor barbecue.

Carr, who joined the Raiders in 2014 when they were still based out of Oakland, California, helped the team reach the playoffs during the 2016 season. However, after his performance was deemed below expectations during the 2022 season, Carr lost his starting job and agreed with Raiders leadership to be released following the conclusion of the season. Then, in March 2023, Carr signed with the New Orleans Saints for a four-year contract worth upwards of $150 million.

See full listing details for 52 Olympia Canyon Way, Las Vegas

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A new report indicates that the majority of homebuilders in Las Vegas saw strong sales increases during the first half of 2024 when compared to the same period of time in 2023, with seven of the top ten developers in the region reporting impressive jumps in the double-digits.

Led by Lennar, the current top homebuilder so far this year, there were a total of 884 sales of new construction homes in Las Vegas in June 2024 alone, which represents a 31 percent decrease from May – when that number was 1,273 – but a 15.6 percent decrease from June 2023, when 1,048 new homes were sold.

But despite the overall slowdown in sales in June, 2024 is nonetheless going strong, with a total of 6,652 in net sales having been made, which is a 16 percent jump from 5,589 from the same period of time in 2023.

Among builders seeing double-digit sales increases Lennar led the pack, having had 1,198 net sales so far in 2024, which – when taking away cancellations – represents a 19 percent increase over the 1,009 they sold in the first half of last year. Lennar was also the top selling builder in June as well, with 148 net sales.

Next up is D.R. Horton, whose 931 net sales in the first half of 2024 was a jump of 6 percent over the 879 sold in the first half of 2023. In third was the Pulte Group with 900 net sales – 15 percent higher than the 785 sold in 2023 – and in fourth was KB Home, which had net sales of 728. However, despite their placing on the list, KB actually recorded a decrease in sales when compared to last year, moving only 728 new homes as opposed to 856 last year.

Fifth place goes to Richmond American with 578 net sales (up 37 percent over 422 in 2023); in at sixth was Century Communities with 410 net sales (an impressive 122 percent jump over 185 last year); and seventh goes to Toll Brothers, who had 36 net sales (up 80 percent over 191).

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – In response to the ever-rising need for additional accommodations for out-of-town visitors, a Las Vegas-based developer – Schulman Properties – has announced they currently have two new hotel projects in the works in the Valley.

According to Schulman Properties chairman and owner Bob Schulman, the first of these two proposed projects is a $115 million luxury apartment and medical facility complex in the city’s bustling Arts District named Ilmunia Midtown, slated to be located near the intersection of Charleston Boulevard and Grand Central Parkway.

Schulman said that the growing popularity of the Arts District has been attracting more and more tourists in recent years, making it a prime site for new hotel space.

The Arts District, providing the restaurants and the entertainment and stuff it does, and the arts, I think it’s all huge,” he said. “I think we’re like San Diego’s (Gaslamp Quarter) 20 to 30 years ago.”

The second hotel proposed by Schulman Properties is yet another luxury complex, this one situated in Lake Las Vegas. Both projects are in early stages of development, and currently any schedule for their completion is not yet available.

Schulman’s company is focusing on luxury real estate in Las Vegas – a segment of the industry that he says is growing by leaps and bounds as of late – having opened a 232-unit apartment building earlier this month in Henderson called Ilmunia on Raiders Way that is already quite busy.

The developer noted that his apartments cost an average of approximately $90 million to construct, followed by an additional $20 for high-end amenities that include gourmet room service, pools, outdoor movie screens, exercise facilities, dog parks, and much more.

Rents in Schulman Properties’ apartments range anywhere from $2,000 to $4,000 per month for one or two-bedroom units, all the way up to $8,000 per month for penthouses; despite the high prices and having only just opened in early July, Ilmunia on Raiders Way is already 35 percent leased, Schulman said.

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – This week, the Oakland Athletics are set to reveal the financing details and overall construction plan for the Major League Baseball (MLB) team’s proposed new ballpark on the Las Vegas Strip, ahead of their highly-anticipated relocation there starting with the 2028 season.

At the meeting of the Las Vegas Stadium Authority scheduled for Thursday, July 18, one of the items on the agenda is the Athletics’ draft development agreement, which is slated to contain a full breakdown of where the money streams that will make the proposed $1.5 billion stadium a reality are coming from, including $380 million courtesy of Southern Nevada taxpayers.

The new home of the Athletics – who are joining the NFL Raiders in moving from their former hometown of Oakland, California – 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. Bally’s Corp., who owns the Tropicana, has stated that they will be imploding the two hotel towers in October.

The A’s home stadium will take the form of a 35,000-seat retractable roof stadium. In addition to the $380 million in public funds that have been earmarked for the A’s new stadium, and the project in its current form could potentially also receive up to $180 million in transferable tax credits as well.

Construction is scheduled to begin on the team’s Las Vegas Strip ballpark in April 2025; the A’s will be playing their final season at their Oakland Coliseum this year, after which they will temporarily be based out of a Sacramento minor league ballpark for the 2025-2027 seasons before moving to Las Vegas.

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – If you’re interested in buying a house in Las Vegas and are starting from scratch when it comes to saving for a down payment, a new study indicates that it could take over 17 years for the average person to accumulate enough dough to ensure they have an affordable monthly mortgage payment, given the conditions of the 2024 housing market.

According to Zillow, the median household income in the Las Vegas Valley is $77,502, and the average home there is worth $427,509; in order to be able to “comfortably” afford a monthly mortgage payment, the average family would need to have a down payment of $198,306.

With that in mind, if an average household were to sock away 10 percent of their income each and every month, it would take them 17.6 years to save that amount. That period of time represents a decrease from its peak – which was 20 years of saving in 2022 – and an increase of 3.3 percent from prior to the COVID-19 pandemic.

Zillow senior economist Orphe Divounguy noted that the current issues that many families are facing when it comes to the affordability of housing is forcing them to remain as renters for the time being, although relief may be coming in the form of an expected home value drop by as much as 1.2 percent over the next 12 months.

(This) reflects a market where more listings are coming onto the market, and staying there for longer, than previously anticipated,” he said. “Many homeowners are breaking free of rate lock, cashing in on massive appreciation of their property, and moving on with their lives. Meanwhile, would-be buyers are struggling with monthly mortgage costs that have more than doubled since pre-pandemic times.”

This situation is exasperated in Las Vegas, Divounguy said, due to the fact that the local real estate market remains much more competitive when compared to much of the nation.

Home value appreciation (in Las Vegas) has been stronger than the national average over the last year, partly because housing demand has kept up with the increase in supply,” he said. “While new listings are now up 23 percent compared to a year ago, total for sale inventory is just 3.5 percent higher than in May 2023. Although momentum has shifted somewhat, Las Vegas remains in a bigger hole than the nation in terms of available inventory, compared to normal, pre-pandemic levels.”

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to a new report released by a Sothern Nevada real estate industry group, the prices of homes in Las Vegas continued to increase during the month of June, while the inventory of residences being put on the market also showed growth.

Las Vegas Realtors noted that the median sale price for an existing single-family home in the Las Vegas Valley was $475,000 in June, which was a $2,000 jump from May, when that price was $473,000. It also represented a year-over-year increase of 7.7 percent over June 2023’s price of $440,990.

And when it came to condominiums and townhomes, in June the median price for these types of residences was $295,000, the same price that it was in May and a 7.3 percent increase year-over-year.

At the end of June, there were 4,114 single-family homes listed for sale without any offers, a small bump from May’s 3,869 home availability but a jump of 11.8 percent from the same period of time one year prior. In addition, there were 1,367 condos and townhomes on the market without offers at the end of June, an increase from May’s availability of 1,324 and a whopping 47 percent increase from June 2023.

Las Vegas Realtors President Merri Perry noted that the cost of housing in Las Vegas continues to rise despite the fact that home mortgage interest rates remain at historically high levels.

Fortunately, our local housing market has been outperforming most of the country in a few key ways,” said Perry. “For example, home sales have been down nationally and approaching some of the lowest levels on record. Here in Southern Nevada, we’ve been selling more homes this year than we did last year. And unlike much of the nation, homes here have actually been selling faster than they were at the same time last year. At the same time, we’re seeing more homes available for sale, which is good news.”

In June, the combined total of homes, condos and townhomes sold was 2,698.

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Renaissance III, an “underperforming” Las Vegas shopping center that recently went into foreclosure, has been purchased by Aspen Real Estate for $24.7 million, as announced by the New Jersey-based private equity real estate investment firm via a press release on Monday.

The 225,748-square-foot property, located in a heavily-populated area two miles from the University of Nevada-Las Vegas at the corner of East Flamingo and East Pecos Roads, was acquired by Aspen from LNR Property LLC, representing the CMBS bond group.

Las Vegas-based Logic Commercial Real Estate, which represented both parties during the transaction, has also been made Renaissance III’s new leasing agent as well.

On the announcement of the sale, Philip Proetto of Aspen pointed out the firm’s long history of investing in foreclosed retail and commercial properties, and stated that he was looking forward to improving the facility and leasing its units to interested parties as soon as possible.

Our history of purchasing foreclosure property helped us secure the contract. Ren III represents a fantastic Value Add opportunity,” Proetto said. “Various tenants have wanted to lease space at the property, but the bond group could not offer tenants money for improvements. Aspen has allocated $7 million for renovations and tenant improvements.”

This acquisition was especially of interest to Aspen, as Renaissance III is located in a very densely-populated area; within a five-mile radius, there are approximately 182,541 households with a total number of 465,278 residents, each and every one of them a potential customer for the shopping center.

We believe this powerful demographic, combined with a 62,000-per-day car count, will attract numerous retailers,” said Proetto.

Current Renaissance III tenants include multiple national chains, such as Planet Fitness, America First Credit Union, Ichabod’s restaurant and gaming, and Panda Express, as well as the Nevada Department of Health and Human Services and several smaller, locally-owned businesses. In addition, Aspen is currently offering a 60,000-square-foot space in the center to several supermarket owners.

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A massive, lavish ranch located just south of Las Vegas that was once owned by legendary entertainer Wayne Newton has been listed on the market by Nevada-based Smoketree Group for an eye-popping $31.3 million.

The ranch – situated at 6629 South Pecos Road on a 39.5-acre plot of land – was originally built by the world-famous actor and singer in 1966, and was dubbed “Casa de Shenandoah” during the time that he lived there.

The ranch started out small at first – with just his Southern-style mansion initially located there – but over the years Newton expanded to match the opulence that “Mr. Las Vegas” himself is known for by adding an additional eight homes, a horse stable with 50 stalls, a museum for his collection of 100 cars, a facility for exotic animals, and even a runway for his private jet.

In 2010, a firm called CSD purchased Casa de Shenandoah for $18 million, with plans to change it into a public attraction similar to Elvis Presley’s Graceland, with plans for Newton to continue living there while retaining a portion of the property’s ownership.

However, the star soon entered into a lengthy legal battle with one of his business partners over the Newton Museum project, and when the matter was finally settled in 2018, Casa de Shenandoah was then closed to the public.

Smoketree later purchased the estate for $5.56 million in 2019, only to turn around and list it a year later for $29.9 million. The property failed to sell – even after several reductions to the asking price – and it was later removed from the market in February 2022.

Smoketree re-listed it in 2023 for $28.5 million, eventually pulling it once again when there were no takers; however, with the greatly increased number of sales in the Las Vegas ultra-luxury home market recently, their latest attempt to sell the property may finally be met with more success.

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – As the profile of Las Vegas has risen considerably in recent years, prompting many to want to move there to take advantage of its lower cost of living, the city has encountered a housing crisis as demand is currently far outstripping the amount of inventory available to would-be homeowners.

And one of the primary reasons for this crisis, according to a growing number of those in the real estate industry, is due to the Bureau of Land Management (BLM), with the federal agency currently managing nearly three million acres in Clark County; the U.S. government currently owns 80 percent of the land in the state of Nevada overall – the most out of any state in the country – and 88 percent of Clark County.

Mike Ford, co-owner of Las Vegas-based public lands consulting firm Abbey, Stubbs & Ford and a former BLM employee, said there is currently no good reason for the federal agency not to release more land for development in Clark County than they already have, which would go a long way towards alleviating the housing shortage currently plaguing local residents.

There’s 2.9 million acres of BLM land in Clark County, and that’s what we really need to focus on because land managed by the other (federal) agencies is generally not available for disposal because it has environmental attributes or it’s part of a congressionally designated special management unit,” Ford said.

In 1998, the Southern Nevada Public Land Management Act (SNPLMA) was passed that set aside approximately 67,000 acres out of the 2.9 million available in the Las Vegas Valley for development of residential housing units or commercial uses, with an additional 33,000 acres that have also been earmarked for potential development that have not yet been released.

The idea was for the BLM to be totally out of the urban land management business in the valley within five to 10 years,” Ford noted. “And that hasn’t happened.”

Multiple members of Las Vegas’s real estate industry have become increasingly vocal with their complaints over the two main issues they claim are affecting the shortage of land in the valley: zoning issues and permit delays that are seen as restrictive on the part of Clark County, and BLM’s seeming reluctance to set aside more land for residential or commercial development, either by releasing it outright or allowing it to go to auction.

When you have 2.9 million acres of land in Clark County, some of it environmentally sensitive land, which is really important, managing rural lands, why would (the BLM) spend 90 percent of the time on the 67,000 acres that are urban lands that are better managed by local units of government?” Ford said. “That’s the million-dollar question.”

Shelter Realty Property Management specializes 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com