News & Headlines
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Links from: lasvegassun.com
CRE recovery may be two steps forward, one back
Commercial vacancy rates increased in the first quarter in a continued sign that local businesses remain too weak to grow and out-of-state companies aren’t moving into the market in large numbers.
Failed boom-era development projects getting a second look
When it was built in 2008, the gleaming, two-story office building in Henderson was the first milestone for an ambitious $200 million condominium project known enticingly as 17th and Vine.
Foreigners paying top dollar for distressed properties
International investors are swooping into Las Vegas and purchasing distressed commercial real estate, many times blowing away much lower offers from domestic buyers.
3 companies seek bankruptcy amid weak CRE
The beleaguered Las Vegas commercial real estate market was hit with three more bankruptcies last week.
Bank of America seeks to overturn freeze on foreclosures
Attorneys for Bank of America moved Tuesday to overturn a court ruling from Nye County blocking foreclosures statewide by Bank of America subsidiary ReconTrust Company N.A.
A slow-paced rebound for commercial real estate
Wednesday, Dec. 29, 2010 | 2:01 a.m. - Follow the jobs. That’s the best way to predict the commercial real estate market in Las Vegas, which analysts say will show gradual signs of recovery in 2011.
Las Vegas population in decline; will it reverse
An economic shock causes a city’s main industry to falter, and its residents flee in droves in search of work. We could be talking about Seattle and its “Boeing recession†after the collapse of aerospace in the ’...
Is commercial real estate finally coming back to life?
Analysts are saying the commercial real estate market is showing signs of life despite the weakness in the local economy.
Commercial market shows gains after months of free-fall
Oct. 5, 2010 - The commercial real estate market showed some signs of life in the third quarter. The office vacancy rate in Las Vegas decreased for the first time in seven quarters.
Walking away from a mortgage you can afford won’t be the end
Real estate experts say they expect to see more so-called strategic foreclosures in coming months. But it comes at a risk.
Economist: Las Vegas home prices to go up slightly in ’11
An economist says Las Vegas could see healthy home-price appreciation in the next five years.
FTC bans 8 marketers from selling mortgage relief
Federal regulators have banned eight individuals and companies from selling mortgage-relief services, settling charges that they used false advertising to deceive homeowners facing foreclosure.
Las Vegas home prices fall again
Las Vegas home prices fell again in May and among big U.S. cities, only Detroit's housing market has performed worse than Las Vegas's during the recession.
Excess housing threatens economic recovery in LV
The Nevada housing market faces more challenges, and prices should stay at their existing level for about three more years, according to UNLV economists.
Building boom in Las Vegas? Not so
A New York Times story not withstanding, Las Vegas is not in the midst of a new-home building boom. The story in the Times raised eyebrows for reporting that building was booming in a city of empty houses.
Community Bancorp files for bankruptcy protection
Nine months after its Nevada and Arizona banks were closed by regulators, Community Bancorp filed for bankruptcy protection Friday. The filing showed federal regulators are demanding some $805 million from the company because of alleged mismanagem...
Home prices at highest level since March 2009
The price of existing homes in April in Las Vegas rose to its highest level in more than a year, according to figures released Tuesday by SalesTraq.
Real estate expert sees recovery in LV market
Las Vegas real estate authority Richard Lee, said a turnaround is coming in the local market.
Real estate school hit with trademark suit
The owners of a Las Vegas real estate school have been sued over allegations it's infringing on a trademark by offering a course leading to a Certified Distressed Property Designation (CDPD).
Real Estate in Crisis - Las Vegas Sun
The subprime mortgage crisis is hitting the Las Vegas metro area particularly hard.
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