Construction Defect Bill Signed by Governor

Posted by on Feb 24, 2015 in Las Vegas Market | 0 comments

A new construction defect law was passed by the Nevada legislature and signed by Governor Sandoval.  The new bill reportedly restricts the definition of a home defect and limits attorney fees.  It also reduces the statute of limitations to six years. Well-publicized scams by attorneys and construction companies in condominium construction defect litigation have been the subject of one of the most a far-reaching FBI probes in Las Vegas. Perhaps this legislation will help revive plans for Las Vegas condominium construction, which have been extremely limited over the last several years. Las Vegas Review Journal, 2-24-15 by Sean Whaley Governor Signs Construction Defect...

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Las Vegas Home Prices Up 12.8%

Posted by on Oct 8, 2014 in Las Vegas Market | 0 comments

While U.S. home prices fell, Las Vegas led the nation with a 12.8% price gain in July 2014. Still, Las Vegas market conditions have eased considerably, as investors lower their level of activity, leaving room for buyers who actually intend to occupy a home.  Recent GLVAR data for September 2014 is consistent with this view. Las Vegas Home Market Up 12.8 Pct Las Vegas Review-Journal October 8 2014  ...

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Opening of Downtown Summerlin

Posted by on Oct 5, 2014 in Las Vegas Market | 0 comments

The Grand Opening of Downtown Summerlin is upon us.  The project is way more than a mall– it includes plans for major  residential and office developments, a true Town Center in Summerlin. The first phase, however, is a mall.  Read the articles below which describes the valley’s major new project. Downtown Summerlin Las Vegas Review-Journal 10-8-14 by Jennifer...

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Spec Industrial Building Returns

Posted by on Sep 16, 2014 in Las Vegas Market | 0 comments

ProLogis is breaking gournd on its 456,000 SF Las Vegas Corporate Center.  This is an important landmark– the return of speculative industrial construction to the Las Vegas valley. Spec Industrial Construction

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Tivoli Village Available

Posted by on Apr 2, 2014 in Las Vegas Market | 0 comments

Tivoli Village Available The enclosed article describes the potential availability of Tivoli Village, the premier luxury retail, office and residential area around Summerlin.  Very interesting… Original article:  Laura Carroll, Las Vegas Review-Journal, 3-27-14 Tivoli Village Takes First Step in Process  

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