Las Vegas
Owner of La Posada Purchases Newly Renovated La Castaneda Hotel
Some rescue animals, other choose to rescue pieces of history. One such person is Allan Affeldt, famous for the spectacular renovation of one of the historic Harvey House hotels – La Posada in Arizona; recently he announced the sale closing of historic Castaneda Hotel, another gem built by renowned immigrant Fred Harvey.
Las Vegas Home Prices Gain Again As Market Draws Institutional Investors
As this summer’s last number should have come in by now, studies show that the Las Vegas housing market has seen its average price growth outpace the national averages once again in August. The city’s housing market is seeing consistent improvement and has been doing so for a number of months, as figures the Standard & Poor’s/Case-Shiller Index show.
Blackstone Buys Hughes Center in $347M Deal
One of larger real estate deals to grace the city of Las Vegas in recent years was confirmed by a number of outlets after reports that the Hughes Center had been sold flooded the media. The large office park was acquired by the Blackstone Group for a whopping $347 million, thereby single-handedly injecting the city’s office market with a good shot of adrenaline.
Pinnacle Founder Chases Elusive Finish Line for Henderson Condos
The troubled Vantage Lofts development has had a rocky road to cross over the past few years since its initial stall back in 2007. Since then, it has been flipped from developer to developer, received a number of changes to the initial project, including an idea to turn the condo development into apartment rental units, and still not reached completion.
Luxury Homes Regain Their Shine as Newton Expands New Estate
As the housing market rebounds in Las Vegas with increases in both the number of sales and median transaction values, the luxury market is not lagging behind as Q1’s figures seem to indicate. The city’s luxury homes are legendary for their sprawling estate-like properties and celebrity-owned compounds, but the market downturn quenched much of the buyer’s thirst for such properties in the area. Now according to VegasINC magazine, the market is finally on the up in terms of number of transactions.
Las Vegas Valley Land Values On the Rise; Still Short of Pre-Downturn Peak
It has taken quite the amount of time for people to be discussing growth when mentioning the city’s real estate, but it now seems that even the most lagging markets are seeing stabilization, or even signs of improvement. Now data from Applied Analysis quoted by The Las Vegas Review-Journal seems to point out that the Las Vegas Valley’s land market is also on the up. According to the data aggregator, Q1 of 2013 has seen a dramatic increase in the number of land deals in the area, with 809 completed transactions, a massive jump from the 159 purchases recorded in 2012’s first quarter.
McCarran’s New $2.4 Billion Terminal Offers High-End Appeal
By Alex Girda, Associate Editor One of the city’s busiest hot spots will get even more visitors later this month when the $2.4 billion Terminal 3 opens at McCarran International Airport. A recent public preview drew a crowd of 15,000 to take a first look at T3, as the new facility has been nicknamed—6,000 of […]
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