Investing

Sept. 30, 2012

Las Vegas Investor Gambles $550 Million for Potential Future Gain

Michael Shustek (a Las Vegas real estate investor) is betting $550 million that he can make a profit from a few of the markets in the nation that were hit hard by the faltering economy.  Shustek's new investment fund, MVP REIT, is attempting to raise up to $550 …

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Sept. 24, 2012

Current Effects on Home Prices in Las Vegas

Home prices in Las Vegas are moving in an upwards direction.  The real estate conditions in and around Las Vegas are now seemingly more reminiscent of the "boom years", and showing less of the suffered and dwindling economic status that Las Vegans have come to know in recent years …

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Sept. 22, 2012

Summerlin Office Buildings-Big Changes in The Works (part II)

We already know that commercial real estate vacancy rates are up high in the Las Vegas area of Summerlin.  So, what can be done to boost the rental market, and increase profitability overall for the Summerlin area?

General Growth Properties is attempting to sell its 32-office building portfolio in …

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Sept. 13, 2012

Could your home start a bidding war?

The Las Vegas housing market has seen a steady increase in prices, mainly due to cash investors. House inventories are down – nearly 24% when compared to last year – which means that there will be more offers on each house that goes up for sale. The increase is particularly …

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Sept. 11, 2012

ARE YOU BETTER RENTING OR OWNING YOUR OWN HOME?

No matter what the rest of the economy is doing, home ownership always trumps renting. While it may seem at first glance thatthe costs of buying are intimidating, as a buyer, you ultimately win. When you calculate out even just five or six years, you will have saved thousands each …

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Aug. 8, 2012

LAS VEGAS HOME SALES SLOWED BY A TIGHT SUPPLY IN JULY

Prices edged up slightly from the previous month according to the Greater Las Vegas Association
of Realtors.

Realtors sold 2,890 single family homes during the month, a 10.1 percent decrease from June and
a 8.7 decrease from the same month a year ago.

The median price rose …

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Aug. 5, 2012

HOUSE HUNTERS FINDING OUT THAT CASH IS KING IN LAS VEGAS

One Las Vegan has made nine propositions since February. He's hired professionals to help him
find the right house. Four banks have pre-qualified him.

Yet, every time he's made an offer on a home, someone else has swooped in, usually an investor
with cash, often with a higher bid …

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July 12, 2012

LAS VEGAS HOME SELLERS HAVE THE EDGE AND RATE THE NUMBER 3 SELLER'S MARKET IN THE NATION

Home sellers are thriving in San Jose, San Francisco and Las Vegas, where price cuts are relatively uncommon and homes are sold often at or near their asking price according to a spokesman at Zillow.com.

On the other end of the spectrum, Chicago, Milwaukee and Cleveland are still buyer's …

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June 9, 2012

AS VEGAS BASED ZAPPOS SHEDS IT'S KENTUCKY OPERATIONS TO FOCUS ON DOWNTOWN LAS VEGAS

Zappos.com CEO Tony Hsieh announced on Wednesday that the company will be handing it's Kentucky operations over to it's parent company Amazon.com.

This decision is a result of the company's focus on downtown Las Vegas redevelopment efforts and it's impending move of 1,300 …

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June 5, 2012

DOWNTOWN LAS VEGAS BEING RESHAPED WITH MULTIPLE PROJECTS IN THE WORKS

While development remains fairly moribund in the rest of the Las Vegas valley, there's suddenly
a diverse array of projects in various states of planning and completion downtown.

Here are just a few --

The Econo Lodge at 1150 Las Vegas Blvd. south is being sold to a non-profit group …

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