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CityCenter Tower Stirring Legal Battle on Strip

CityCenter Tower Stirring Legal Battle on Strip

By Alex Girda, Associate Editor The troubled Harmon building has spawned a serious legal dispute between owner MGM Resorts International and CityCenter on one side and general contractor Perini Building Company. The subject of the dispute is the faulty construction of [...]…

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Market Can’t Decide Whether It’s Recovering or Not

Market Can’t Decide Whether It’s Recovering or Not

By Alex Girda, Associate Editor The housing market has been one of the weak points of Las Vegas economy but from time to time there have been indicators regarding a forthcoming recovery. A Las Vegas Review-Journal article pointed to a recent report [...]…

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Recession Still Hitting the Strip, End in Sight, But just Barely

Recession Still Hitting the Strip, End in Sight, But just Barely

By Alex Girda, Associate Editor Reports regarding the housing market, one of the most sensitive areas of Las Vegas real estate, seem to indicate that home values in the gaming haven will revert to their peak levels in 20 years. According [...]…

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Revitalization Planned for Strip; Housing Market Continues to Lag

Revitalization Planned for Strip; Housing Market Continues to Lag

By Alex Girda, Associate Editor Reports on the dire situation of the Las Vegas housing market continue to make headlines. The Las Vegas Review-Journal recently ran a story about a new Home Builders Research report, confirming that the local housing market [...]…

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No Business, As Usual

No Business, As Usual

By Alex Girda, Associate Editor There was no major news recorded in the real estate sector for the city of Las Vegas this past week, but previous reports of the continued downturn haven’t been proven wrong by market realities. After mildly [...]…

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Land Market at All-time Low; Housing on Break From Slide

Land Market at All-time Low; Housing on Break From Slide

By Alex Girda, Associate Editor The neon lights of the Las Vegas strip are unable to shine a light on the city’s by-now famously distressed real estate. Real estate news has been overrun with headlines regarding decaying markets during recent weeks, [...]…

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Las Vegas May Be on a Losing Streak When it Comes to Housing

Las Vegas May Be on a Losing Streak When it Comes to Housing

By Alex Girda, Associate Editor While last week Las Vegas showed some healthy signs regarding the commercial real estate market, it may all be downhill for the housing market. It looks like Las Vegas is set on reaching a new national [...]…

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Las Vegas Multifamily Preparing For a Comeback

Las Vegas Multifamily Preparing For a Comeback

By Alex Girda, Associate Editor If Las Vegas real estate was a movie theater, multifamily housing would be written all over its marquee. The city had its solid share of real estate headlines this past week, with a massive real estate [...]…

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Las Vegas’ Lights Aren’t Shining So Bright

Las Vegas’ Lights Aren’t Shining So Bright

By Alex Girda, Associate Editor Las Vegas is definitely one of the nation’s most troubled real estate markets these days; a recent report indicates that one-third of the home sales in the city during the first quarter of 2011 were for [...]…

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Opportunity Knocks in Las Vegas Despite Record-Breaking Foreclosures and Unemployment

Opportunity Knocks in Las Vegas Despite Record-Breaking Foreclosures and Unemployment

By Diana Mosher, Editor Nevada continues to set new records, posting the nation’s highest state foreclosure rate for the 50th straight month in February. In fact, one in every 119 Nevada housing units is seeing a foreclosure filing during the month, [...]…

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