Sunday, May 20, 2007

Las Vegas Real Estate News 5/20/07

Las Vegas Real Estate News


Woolf bids downtown adieu, with regrets

Posted: 19 May 2007 11:30 AM CDT

On May 10, downtown land baron Tamares Group and Navegante Group, which operates Tamares' four casinos, issued a joint press release, saying that Navegante's stewardship would soon be coming to an end.

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A $22 million mugging

Posted: 19 May 2007 11:29 AM CDT

In September last year, a 240-unit apartment complex at 1349 W. Horizon Ridge Parkway in Henderson sold for $32 million. The previous owners, flush with cash, started their quest for new investments.

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Slow housing sector pushes unemployment up

Posted: 19 May 2007 11:28 AM CDT

Unemployment was up slightly in Nevada in April according to a report released Friday by the state Department of Employment, Training & Rehabilitation. April saw 4.4 percent unemployment, up from March's 4.3 percent. It still is below the national avera

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Land holds its own

Posted: 19 May 2007 11:23 AM CDT

Looking at the vacant lot on the northwest corner of Main Street and Washington Avenue, once home to Shady Acres trailer park, you wouldn't think it's worth almost $2 million an acre.

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Housing slump socks workers

Posted: 19 May 2007 11:22 AM CDT

The state's jobless rate crept up from 4.3 percent in March to 4.4 percent in April, the Department of Employment, Training and Rehabilitation reported Friday.

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Dan Sheridan, Executive vice president of General Growth Properties

Posted: 19 May 2007 11:04 AM CDT

An executive vice president of General Growth Properties, Dan Sheridan oversees the company's retail properties in Las Vegas.

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Planet Hollywood hoping to recapture 'cool factor'

Posted: 19 May 2007 11:03 AM CDT

Over the next few months the former Aladdin resort will move from magic lamps and genies into movie stars and Hollywood It Girls.

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Rising rents put squeeze on apartment dwellers

Posted: 19 May 2007 10:58 AM CDT

The growth in apartment rents is beginning to slow in the Las Vegas Valley as more and more residents move out of their complexes because they can no longer afford their leases, according to a tracking firm.

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Condominium craze cools

Posted: 19 May 2007 10:54 AM CDT

For the first time since the condo boom started in 2003, the number of proposed units in the Las Vegas Valley has declined, according to the first-quarter luxury condominium report issued by Las Vegas-based research firm Applied Analysis.

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Oh No! A bunch of fake projects have failed…Vegas is slow!

Posted: 19 May 2007 03:50 PM CDT

Did you hear the news? Some say that Vegas high rise condo property sales have slowed citing out of the 100,000 proposed units only 13,000 are under construction in 2007. What is wrong with this picture?

<b>Las Vegas Real Estate News</b>

Posted: 19 May 2007 08:48 AM CDT

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Post Local Market Observations Here!

Posted: 19 May 2007 10:32 AM CDT

"Ballard says out-of-control investor flipping artificially inflates property values, ultimately leading to a market crash." "'The big crashes that we've seen in the real estate market in Florida, San Diego and Las Vegas can all be ...

Tesco goes non-union

Posted: 19 May 2007 07:38 AM CDT

This news from the Las Vegas Business Press looks at Tesco's efforts to grab real estate in Las Vegas. TK: Get used to it. Tesco's foray into the US is going to be in the headlines a ton over the next couple of years. ...
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