A former Masters and British Open championship golfer and a rocker closed on new multi-million-dollar homes in April as the luxury market remains ahead of it’s 2019 pace despite the slowdown from COVID-19.
The Raiders now call Las Vegas home, and for many Raiders’ high-profile players, coaches and high-level executives, that home has turned out to be in an enclave of Southern Highlands.
In what some real estate analysts are partially attributing to a “Raiders’ effect,” the sale of existing $1 million homes has nearly doubled in the corridor surrounding the team’s new headquarters and practice facility in West Henderson during the first quarter of 2020 and new and existing sales in the area at all price points were strong.
The longer the crisis drags on, the more the coronavirus could transform development patterns and buyers’ preferences.
In the last month, Southern Nevada Home Builders Association’s members raised $468,100 for Nevada’s COVID-19 Response, Relief and Recovery Task Force. SNHBA CEO Nat Hodgson said his goal was $300,000.
The effects of the pandemic have thrown the world for a loop in ways no one has ever felt before. The age of COVID-19 has affected our health system, filled our news feeds and changed the way we live and do business. Despite all forecasts pointing to an triumphant 2020, no one could have predicted that a virus would be able to shut down the Las Vegas Strip. But during a time of tragedy, when many are feeling fear, discomfort and uncertainty, there has been an overwhelming amount of compassion and acts of kindness.
Jordan Farmar, former NBA player and a two-time champion with the Los Angeles Lakers, loves calling Las Vegas his home for the last six years and now has a hand in building his own.
First and foremost, we are making sure our workers are protected. We are working with the Nevada Construction Assembly — a group assembled by Gov. Steve Sisolak to ensure construction worker safety. As a participating member, NCA has helped develop policies and procedures to keep workers out of harm’s way. In order to do this, we are educating our workforce. T
NAIOP Southern Nevada hosted a webinar in which 500 members participated to learn about the latest happenings in lending, development and construction in the commercial real estate industry.