Berkshire Hathaway HomeServices Nevada Properties has announced its 2021 sales achievements. The company closed 15,745 units and completed a record-breaking $9.3 billion in real estate sales in 2021, a $2.2 billion increase over its $7.1 billion in real estate sales volume in 2020.
Moderne at Centennial, a 14-acre build-to-rent community situated in North Las Vegas at North 5th Street and West Centennial Parkway, was sold to RSE Capital Partners for $80 million. Moderne Communities, a real estate investment and development company based in Scottsdale, Arizona, purchased the land in 2019 and started construction on the gated community that includes 185 rental homes and community amenities in spring 2020. The sale to RSE Capital for $80 million closed Feb. 24.
Smart home automation is becoming a desired feature along with other luxury comforts, such as swimming pools, spas and theaters.
The population growth from California and other Western states is so strong that the demand for new homes in Las Vegas could deplete the valley’s buildable land by the early 2030s unless Congress passes a lands bill to make more acres available for development, according to the Southern Nevada Home Builders Association.
Dapper Cos. has reached a deal with SoHo Playhouse to be the sole operator of the historic Huntridge Theater in downtown Las Vegas. The signing of the lease was completed after the first of the year. In addition to a 1,150-seat multiuse concert hall and 450-seat off-Broadway theatre in the existing building, two additional spaces will be added to the south side of the property for additional venues.
KTGY, a full-service architecture, branding, interior and planning firm focused on residential, retail, hospitality and mixed-use developments, earned 16 prestigious awards, including two Platinum and six Gold awards at the recent National Association of Home Builders’ (NAHB) awards events: Best in American Living Awards, The Nationals, Best of 55+ Housing Awards and the Multifamily Pillars of the Industry Awards. The awards recognize KTGY’s wide range of capabilities, excellence and innovation in the design and planning of attached and detached single-family and multifamily residential communities.
Luxury home rentals are surpassing $50,000 a month and that trendline shows no sign of slowing as inventory continues to dwindle and lease rates rise.
MGM Resorts International Resorts CEO Bill Hornbuckle and his wife, Wendy,paid $8.25 million for an Anthem Country Club home in January, tying for the most expensive home sold in 2022.
The new board president of the Southern Nevada Home Builders Association is bullish on 2022 coming off the best year for Las Vegas builders since 2006.