Las Vegas

April 24, 2012

OLD LAS VEGAS CITY HALL UNDERGOING MAJOR SURGERY BY ZAPPOS

When it opened in 1973 news reports called city hall "ultra modern." That the now dated edifice was
marked by imposing center walls, stiflingly low interior ceilings, small offices and incredibly inefficient climate
control was once considered "cutting edge" seems laughable.

That the incoming tenants from online retailer Zappos,now …

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April 21, 2012

INVESTOR SAYS "LAS VEGAS REAL ESTATE VALUE IS LONG TERM"

George Wolin, the principal of Crescent Bay Holdings, from Scottsdale, Arizona, drove around the master planned North Las Vegas development by the recently bankrupt Olympia Group.

He realized that the $21 million price for 1.340 acres was a fantastic deal - 2 expensive Beltway interchanges required for the development have already been …

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Posted in Buying, Investing, Las Vegas, Local Economy, Statistics
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April 20, 2012

NEW HOME PRICES IN LAS VEGAS RISE IN MARCH

The new home price increased 3.3 per cent from February to $201,668, and is up 1.6 percent from
$198,400 from a year ago in the same month.

The resale median was $103,000, an increase of $2,200 from February but down from $107,000 a …

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Posted in Buying, Foreclosures, Las Vegas, Local Economy, Statistics
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April 17, 2012

NEVADA STILL AT THE BOTTOM OF THE U.S. HOUSING MARKET -

Foreclosures are down and home prices have increased in recent months, but that doesn't
mean that Nevada's housing market is on the way to recovery.

According to a Lending Tree Healthiest Housing Index released in late March, Nevada has the highest
loan-to-value ratio - over 110 percent - meaning that …

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Posted in Foreclosures, Las Vegas, Local Economy, Statistics
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April 16, 2012

DEPARTMENT STORE MACY's REPORTED A BETTER THAN EXPECTED SALES IN MARCH

THE LATEST SIGN THAT AMERICANS ARE FEELING BETTER ABOUT THE ECONOMY

A combination of warm weather and high demand for spring fashions boosted revenue for the month,
but analysts say there is more than that as Americans who cut back on their spending in the slow economic
recovery are encouraged …

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Posted in Buying, Las Vegas, Local Economy
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April 15, 2012

FEWER HOMES FOR SALE IN LAS VEGAS,DROPPING TO 4,901 IN MARCH, ABOUT A 6 WEEK SUPPLY

The total homes listed for sale in Henderson MLS and Vegas MLS fell to 18,200 in March, down 18
percent from 22,184 a year ago, when there were 11,334 available without offers.

That means homes under contract grew only slightly, from about 11,000 to 13,000 in …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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April 14, 2012

NEVADA FORECLOSURES DROP 62 PERCENT AS U.S. FORECLOSURE ACTIVITY RISES

More U.S. homes are entering the foreclosure process
setting the stage for a surge in repossessions by lenders
this year.

The number of homes that received notices of default
rose 7 percent in March from the previous month. That
marks the third consecutive monthly increase this year
and reflects …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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April 13, 2012

THE FEDERAL AGENCY BLM OFFERS HENDERSON 480 ACRES TO DEVELOP A SPORTS STADIUM PROJECT

The BLM's offer gives Silver State Land LLC, a Delaware corporation working with the City of Henderson, an
advantage in acquiring the property and starts a 45 day clock for bidding and public comment.

The BLM would accept bids and Silver State Land would have the opportunity to match …

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Posted in Buying, Las Vegas, Local Economy
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April 12, 2012

HENDERSON BASED ZAPPOS AND CITY OF LAS VEGAS CLOSE SALE OF OLD CITY HALL

$40 million renovation likely to start soon for Zappos headquarters.

The announcement 16 months ago that internet shoe retailer Zappos would move its headquarters
from Henderson to downtown Las Vegas started a buzz that the once declining downtownarea
would become a growing technology hub.

Expect the buzz to get louder …

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April 3, 2012

A NEVADA STATE AGENCY PURSUES DESIGNATION SELECTING A PANEL TO DEVELOP DRONE AIRCRAFT

The state's economic-diversification agency has selected a panel of business and government leaders to help build Nevada's aerospace economy.

The Governor's Office of Economic Development announced that 15 people will serve in a group to oversee Nevada's efforts to obtain a Federal Aviation center of Excellence designation for …

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