Real Estate
Real Estate
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. Read more »
Real Estate
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. Read more »
Real Estate
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. Read more »
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. Read more »
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. Read more »
In Real Estate, Old Truths for a New Year
December 27th, 2012
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. Read more »
Real Estate
The Housing Price Gap
November 15th, 2012
It’s no secret that home builders are seizing an opportunity to sell at higher prices to tired buyers. Permitting activity is climbing, and 2012 new-home sales are about 50 percent higher than last year’s all-time lows. Some recent small dips in new-home prices are a step toward stability — says Brian Gordon, a principal with economic research firm Applied Analysis — but there’s still a long way to go. “There is no question that the housing market continues to reflect the impacts of the boom-bust cycle.” Read more »
Real Estate
The Last of the Worst?
October 18th, 2012
Analysts are still cautious with their words—they’ve been burned before—but Las Vegas’ commercial real estate market seems to be heating up. Recently, one of the largest office building sales in Las Vegas history saw Fashion Show mall owner General Growth Properties unload 32 office buildings to an out-of-state partnership. Read more »
Real Estate
Payback Time at Vantage Lofts
September 27th, 2012
It was a sort of recession rite of passage. Richard Crighton describes the past few years as living lean, keeping overhead low and debt minimal, while saving aggressively from property flips and other sales at their brokerage. The group recently closed a deal on a Vons-anchored shopping center in Boulder City and put together a huge land assemblage in downtown Las Vegas. The partners also own about 1,000 apartment units and other commercial buildings in town. Read more »
