Attorney Kavita Gupta has been appointed to serve as the Chapter 11 Trustee overseeing the bankruptcy sale of 38.56 acres of privately owned real property on the world-famous Las Vegas Strip. The Bankruptcy Court has approved bid procedures setting a bid deadline of April 30 and May 19 auction for qualified bidders.
Colliers International | Las Vegas announces the $62.4 million sale of Raceway Industrial Park, a warehouse distribution facility in northeast Las Vegas.
The Las Vegas new-home market closed February with its strongest week of net sales in years, and a leading housing analyst said prospective buyers haven’t slowed down in checking out model homes through early March as builders target buyers with new projects with lower prices.
The Summit Club, Summerlin’s ultra luxury golf resort community, has come a long way since the resort started pre-selling lots in 2015.
Realty One Group led the way in 2019 as the top real estate brokerages in Las Vegas for market share, and Berkshire Hathaway HomeServices Properties did the same when it came to luxury sales.
New home sales slightly dipped in 2019, but don’t tell that to the valley’s five largest builders who saw their share of the marketplace jump dramatically since 2017 to two thirds last year.
Newmark Knight Frank has announced it facilitated the sale of Bonneville Square, a five-story office building in downtown Las Vegas, for $14.9 million.
Homebuilder Century Communities has taken over as the master plan developer of Skye Canyon in northwest Las Vegas by acquiring the remaining 400 acres for development not already assigned to builders. The price was $59.1 million.
Summerlin, led by its communities The Vistas, The Paseos and The Ridges, along with Henderson swept the top five spots for having the highest median existing home price sales in 2019 — a year that showed overall price growth slowed in the valley and should continue to do so again in 2020, according to Brian Gordon, a principal at Applied Analysis whose firm prepared the annual report.