Brian Sodoma
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Recent Articles
High-Rises and the Return of Cheap Credit
Get ready for another round of low-down-payment mortgages
May 21st, 2013
Yet another sign the real estate market is on the rebound: Even high-rise condos—the sector most brutally clobbered by the Great Recession—are looking attractive to lenders today.
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Will Any of Those Out-of-Town Buyers Wind Up Living Here?
It might take time, but out-of-towners could be thinking retirement to Vegas
May 15th, 2013
Las Vegas has long been a popular second address for out-of-towners. And with so many out-of-state cash buyers these days, the civic-minded Las Vegan can only hope that some of these investors will want to actually live in these homes someday.
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Loving Lake Mead
April 9th, 2013
The National Park Service recently ranked our 1.5 million-acre recreational area number five for visitation on its list of “Top 10 National Parks.” The park drew 6.3 million visitors in 2012 (not including sightseers at the Hoover Dam), beating out even the Grand Canyon.
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Suite Redemption
After big setbacks, real estate mogul Stephen Siegel puts his money on Downtown—and beyond
April 2nd, 2013
He’s battled banks, so-called bad neighborhoods and a brutal economy. But since 2004 Stephen Siegel has remained a confident buyer in the Las Vegas real estate market.
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Got Those Investor-Only Doublewide Blues
March 20th, 2013
When MSN.com recently ran a story titled “What a Year’s Pay Will Buy You in 10 Cities,” we were surprised to see a Las Vegas home on the list.
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Sequestered in Las Vegas
February 27th, 2013
In the early days of the Great Recession, Las Vegans learned the importance of calling ahead. More than a few of us have stories about arriving at a longtime retailer or restaurant’s door only to find it closed for good. If you listen to the congressional budget debate these days, you may envision these types of situations happening again soon, but on the government-services front.
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Real Estate
Bulking Up
February 14th, 2013
It seems real estate investment is going the way of Costco these days. One unit isn’t enough; investors want the Big Pak. Late last year, Trump International Las Vegas sold 300 condo-hotel units to Hilton Grand Vacations. Then CityCenter’s Veer Tower unloaded 427 units to New York investors LVT Owner LLC. On the commercial side, Cole Real Estate Investments recently picked up 10 Wendy’s restaurants in the Valley.
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Mark Stark
The Bounce-Back Artist
January 24th, 2013
In 2007, Mark Stark’s world did not look bright. The CEO of Prudential Americana Holdings Nevada had $22.5 million in debt, and the sputtering real estate market made it impossible for him to pay it all back. After a testy bankruptcy and more than a few shot nerves, the real estate pro came out battered but not defeated.
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In Real Estate, Old Truths for a New Year
January 10th, 2013
No one’s ready to say a real estate rebound is here to stay. But at least we now have a hint of positive uncertainty. Here are a few things we’ve learned about real estate, Vegas-style, as we lurch into 2013.
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