Tuesday, June 26, 2007

Las Vegas Real Estate News 6/24/07

Las Vegas Real Estate News


Troubled Apartment Property Changes Hands

Posted: 26 Jun 2007 04:00 AM CDT

LAS VEGAS-The 320-unit complex traded for $86,300 per unit or $27.74 million. Approximately 25% of the units are uninhabitable due to water pipe problems.

Existing-Home Sales And Prices Decline

Posted: 24 Jun 2007 11:00 PM CDT

The number of homes sold in May fell 0.3% to the lowest level in nearly four years, while inventories climbed and prices dropped from a year earlier for a 10th straight time.

Fixing Up Your Home Without Getting Nailed

Posted: 25 Jun 2007 11:00 PM CDT

The growing number of do-it-yourself home improvers has caused a spike in injuries resulting from consumer repair work. But it doesn't have to be that way.

New Reverse Mortgages Bring Perks, but Also Some Risk

Posted: 25 Jun 2007 11:00 PM CDT

Banks are jumping into the market to offer their own versions of these sometimes controversial loans. But tapping into your home equity isn't always a good thing.

Tax Deductions For Second Homes

Posted: 25 Jun 2007 11:00 PM CDT

Tom Herman on deducting real-estate taxes on a vacation residence. Plus, itemizing deductions versus claiming standard ones.

Profile: Umpire calls real estate his second career

Posted: 26 Jun 2007 07:00 AM CDT

Gary Darling works with homes, home plate

<b>Las Vegas Real Estate News</b> 6/01/07

Posted: 02 Jun 2007 09:08 AM CDT

Las Vegas real estate market report. Posted: 24 Feb 2007 11:05 AM CST. Las Vegas real estate news and discussions. Boca Raton Las Vegas Luxury Condos. Posted: 14 May 2007 01:28 PM CDT. The new presales real estate development . ...

links for 2007-05-28

Posted: 27 May 2007 11:27 PM CDT

The real estate market may have cooled, but Donald Trump said he's not worried about his investment in a $1.3 billion condominium tower project just off the Las Vegas Strip. (tags: las vegas real estate news trump tower) ...

Conforming loan limit could stay at $417,000 in '08

Posted: 25 Jun 2007 07:00 AM CDT

OFHEO proposes one-year lag time between prices, loan limit

Major Chicago brokerage sues former company officials

Posted: 25 Jun 2007 07:00 AM CDT

Lawsuit alleges departing exec took proprietary data

Inman Innovator Award finalists announced

Posted: 25 Jun 2007 07:00 AM CDT

39 real estate, technology and media companies compete

New products promise to boost credit scores

Posted: 25 Jun 2007 07:00 AM CDT

Partnerships, applications announced at mortgage brokers' convention

Fannie Mae grows MBS issuance, portfolio

Posted: 25 Jun 2007 07:00 AM CDT

Quarterly growth in mortgage markets slowest since 1997

Web site offers open house info on thousands of properties

Posted: 25 Jun 2007 07:00 AM CDT

Realogy launches OpenHouse.com for all brands

Existing-home sales hit 4-year low

Posted: 25 Jun 2007 07:00 AM CDT

Activity down 10.3% in May as inventory climbs

$4.8B Project Under Way

Posted: 25 Jun 2007 08:47 AM CDT

Last week, the Echelon Place officially got under way. Located south of Circus Circus, the 87-acre development is expected to hold approximately 5,000 hotel rooms, 750,000 sf of convention and meeting space, 300,000 sf of retail, two live entertainment venues, 30 dining and nightlife venues and a 140,000-sf casino.

The total estimated development cost is $4.8 billion, up from a previous estimate of $4.4 billion. Initial completion for 65 of the 87 acres is slated for the third quarter 2010.

Globe Street Image

2 Bldgs. in Siena Office Park Change Hands

Posted: 25 Jun 2007 08:43 AM CDT

Earlier this month, Building 3 and Building 5, in the Siena Office Park changed hands. The transaction price involving more that 101,000 square feet of space between the two buildings was approximately $42 million. Major tenants located in the two buildings include HQ Global Workplaces Inc., National University and Countrywide Home Loan. Overall occupancy is currently 91%.

GlobeSt.com is reporting that Triple Net Properties acquired the two low-rise buildings on behalf of tenant-in-common investors. Initially, Triple Net took a significant position in the properties but has since sold additional stakes in the assets to additional 1031 exchange investors.

Suge Knight

Posted: 25 Jun 2007 06:19 AM CDT

Remember that piece of news? But it all began to quickly fall apart just a short time later, in the mid 1990s, after Tupack Shakur was gunned down on the streets of Las Vegas while riding in a car driven by Mister Knight. ...

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