A report released Thursday by Las Vegas Realtors shows local home prices have never been higher while the local housing supply has rarely, if ever, been lower.
Colliers International brokered the sale of a brand-new In-N-Out location. The transaction set a national price record for the sale of a QSR retail asset in 2021. The In-N-Out development will break ground at the end of the year as a legacy asset and trophy site located directly across from Allegiant Stadium, the home of the NFL Las Vegas Raiders. Closing within a quick all-cash timeline, a sourced 1031 California-based buyer will own the brand new 20-year absolute NNN ground lease.
Las Vegas Raiders owner Mark Davis and former homebuilder Larry Canarelli have closed on new clubhouse tower condos in the Summit Club as the new-home luxury market remains strong into the second quarter.
The Watermark, Henderson’s newest mixed-use project, has begun construction in the Water Street District in downtown Henderson. Las Vegas-based Strada Development Group is developing the property in partnership with Sixty West, a Missouri-based company that specializes in historical redevelopment and opportunity zone strategies, and general contractor Gillett Construction LLC.
The records keep falling in the Las Vegas luxury housing market with the French countryside-style estate of former casino executive Barry Shier closing for $11.3 million in a sale to a Silicon Valley e-commerce executive.
A team of students and faculty from the University of Nevada-Las Vegas competed against eight other international university teams during a Solar Decathlon Build Challenge from April 16-18.
A 13,000-square-foot home in “Billionaires Row” in Summerlin has set the high price so far in 2021 at $9.6 million and at least two more homes on the seven-home block are expected to sell in the coming days and weeks that will shatter that mark.
CBRE announced the $2.35 million sale of a 13,194-square-foot medical office building at 2598 Windmill Parkway in Henderson to an undisclosed buyer.
Magician Lance Burton has put his Henderson estate — more like a castle at the top of a hill — on the market for $4.49 million.