Investing

Jan. 11, 2012

BUYING BOOM SURGES WITH LOWER PRICES IN LAS VEGAS

DOWNWARD TREND ON LAS VEGAS HOME
PRICES - REPORTS SHOW LOWER PRICES
THAN A YEAR AGO WITH A LOCAL BUYING
BOOM

Core-Logic of Santa Ana, California
which tracks home prices, said existing
home prices in the Las Vegas area in
November were down 10.8 percent from
November 2010.

The market …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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Jan. 10, 2012

SINGLE-FAMILY HOMES SET NEW RECORD FOR SALES IN 2011

48,186 SINGLE-FAMILY HOMES AND CONDOS
WERE SOLD IN LAS VEGAS IN 2011, TOPPING
THE PREVIOUS RECORD OF 46,879 SET IN 2009

Prices were being held down by cautious
appraisers and the many foreclosures.
Roughly half of all sales were cash-only
transactions while 46.8 percent were
real-estate owned …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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Jan. 8, 2012

Zappos Renovating Las Vegas City Hall As Their New Headquarters

ZAPPOS OF LAS VEGAS HIRES A
LEADING ARCHITECT FIRM TO
RENOVATE CITY HALL WHICH WILL
BE THEIR HEADQUARTERS IN 2013

Gensler, the executive architect firm
on City Center, will lead renovations
on the old City Hall building, while
preserving unique features of the 39
year old structure.

With the agreement …

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Posted in Investing, Las Vegas
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Dec. 23, 2011

Toyota May Be Building A Parts Supply In North Las Vegas

RUMORS ABOUND ABOUT TOYOTA ACQUIRING
A SITE IN NORTH LAS VEGAS FOR EITHER A
PARTS SUPPLY OR MANUFACTURING FACILITY

Sources say that a local businessman was paid $100,000
to survey land in North Las Vegas although Toyota
sources deny any knowledge of this.

The earthquake and massive tsunami that …

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Posted in Investing, Las Vegas, Local Economy
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Dec. 22, 2011

9,000 Acres Sold In Laughlin To Chinese Based Energy Company

SALE OF 9,000 ACRES IN LAUGHLIN NEVADA
APPROVED BY CLARK COUNTY COMMISSION

The land to be sold to a Chinese-based energy
company is the next step for a multi-billion dollar
solar farm, factory and research park that could
could eventually create thousands of high paying
jobs.

With the land …

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Posted in Investing, Local Economy, Statistics
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Dec. 21, 2011

Zappos Buying City Hall

DON'T FIGHT CITY HALL -- BUY IT !!

And that's exactly what Zappos did today leasing
the old Las Vegas city hall for 15 years!

A firm called City Hall LLC run by Andrew Donner
bought the old city hall for 18 million and will lease
it back to Zappos …

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Posted in Investing, Las Vegas, Local Economy
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Dec. 20, 2011

U.S Homebuilders Encouraged About Housing Market

RISING INTEREST FROM HOMEBUYERS
MAKE U.S. HOMEBUILDERS MORE
OPTIMISTIC ABOUT HOUSING MARKET

Although tighter lending standards are still keeping
potential buyers from purchasing new homes.

The National Association of Home Builders/Wells
Fargo builder sentiment index rose two points to
21 in December, the highest level since May 2010 …

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Posted in Investing, Las Vegas, Statistics
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Dec. 18, 2011

Zappos Investing Millions In Downtown Las Vegas

ZAPPOS CEO TONY HSIEH POURING
MILLIONS OF HIS OWN MONEY INTO
DOWNTOWN LAS VEGAS

He has helped keep at least one restaurant
open, has donated $1.5 million to encourage
Teach for America members and alumni to
move downtown, and has plans to fund dozens
of new businesses on Fremont …

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Posted in Investing, Las Vegas, Local Economy
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Dec. 16, 2011

Zappos Competing With Howard Hughes Corp. To Buy Las Vegas 51s Baseball Team

CEO OF ZAPPOS AND THE HOWARD
HUGHES CORP. ARE COMPETING TO
BUY THE LAS VEGAS 51s AAA LEVEL
BASEBALL TEAM

Zappos CEO Tony Hsieh plans to revitalize
the existing Cashman Center ballpark, a
10,000 seat stadium close to downtown, thinks
the team will succeed there and has already
planned …

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Posted in Investing, Las Vegas, Local Economy
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Dec. 13, 2011

Most Sales In Las Vegas Since 2005

INVESTORS AND FIRST-TIME HOME-BUYERS
HELPED MAKE THE 40,033 EXISTING HOME
SALES IN 2011 THE MOST SINCE 2005 --

These new buyers helped drive the healthiest home
resale market since the bubble popped! The median
price was $110,000, almost a third of what it was
during the height of the …

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Posted in Buying, Investing, Las Vegas
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