Airline crisis could kill Ivanpah airport

Author: M. Hansel, In Business Las Vegas  Date: 06.27.08

Recently, speculation has been that McCarran International Airport will exceed capacity years before the overflow airport at Ivanpah is built. The recent surge in fuel costs... Read More >>

Apartment Deliveries to Slow in ’08, Stop in ‘09

Author: B. Miller, GlobeSt.com  Date: 06.13.08

LAS VEGAS-New apartment projects are popping up around the region, mostly around the Interstate 215 beltway, to meet the anticipated demand expected from all the resort development... Read More >>

Apartment market holds steady in first quarter

Author: H. Smith, Las Vegas Review-Journal  Date: 05.19.08

While most sectors of Southern Nevada's real estate market have suffered from the subprime mortgage crisis and rising foreclosures, the apartment market remained stable... Read More >>

Apartment rents flatten in 2008

Author: T. Illia, Las Vegas Business Press  Date: 06.23.08

A souring economy, rising unemployment, and a housing downturn are negatively affecting Southern Nevada's apartment market. The valley reported flattened rent growth in the first quarter... Read More >>

Apartment rent growth slows

Author: T. Illia, Las Vegas Business Press  Date: 02.25.08
Southern Nevada's apartment market continues to be impacted by the for-sale housing market as well as an expected employment growth slowdown, reports Applied Analysis, a Las Vegas-based... Read More >>

Apartment Sales Drop Off, Prices Hold

Author: B. Miller, GlobeSt.com  Date: 04.28.08

LAS VEGAS-The 288-unit Villa Serena Apartments in Henderson, NV recently sold for $35.85 million, one of very few apartment sales in the region during the first quarter of the year. Sentinel Real Estate Corp... Read More >>

April cruel to gaming stocks

Author: J. Robinson, Las Vegas Review-Journal  Date: 05.01.08

Publicly owned gambling companies lost 2.5 percent of their value in April, in large part due to economic tumult that has home prices in the basement and oil costs... Read More >>

At last, positive signs in housing

Author: H. Smith, Las Vegas Review-Journal  Date: 05.07.08

For the first time since September 2005, sales of single-family homes in Las Vegas rose from the same month of the previous year, the Greater Las Vegas Association of Realtors... Read More >>

Barden confident he'll beat casino obstacles

Author: M. Belko, Pittsburgh Post-Gazette  Date: 05.05.08

Don Barden isn't the only one feeling the financial pinch these days. With money tight and interest rates high, casino owners from Atlantic City to Las Vegas are postponing... Read More >>

Beltway business boom

Author: H. Smith, Las Vegas Review-Journal  Date: 03.05.08

Crown Ltd. is the latest in a handful of gaming companies that have purchased or leased office space along the Las Vegas Beltway in the southwestern Las Vegas Valley, creating a core... Read More >>

Brokerage hired to market Vegas Grand condos

Author: H. Smith, Las Vegas Review-Journal  Date: 05.26.08

Lehman Bros., which recently gained control of the financially troubled Vegas Grand luxury condominium project near Flamingo Road and Swenson Street, has hired CB Richard... Read More >>

'BULLISH' ON 2008: SNHBA chief exudes optimism

Author: Las Vegas Review-Journal  Date: 01.06.08

Local home builder Michael "Mick" Galatio, the 2008 president of the Southern Nevada Home Builders Association, said declining home prices last year and continuing low interest rates make... Read More >>

BUSINESS SURVEY: PESSIMISM PERSISTS

Author: J. Robison, Las Vegas Review-Journal  Date: 01.20.08

POLL RESULTS: Asked of Review-Journal/Las Vegas Business Press readers in an online survey. ECONOMIC FORECAST Some economists are worried about the economy, with some suggesting the... Read More >>

BY CRANES ON LANE, ECONOMY WILL GAIN

Author: H. Stutz, Las Vegas Review-Journal  Date: 02.10.08

In Washington, D.C., leaders have been discussing economic stimulus packages, trying to figure out ways to jump-start the nation's sagging financial picture and calm fears of a recession... Read More >>

Casino-stock index declines during January

Author: H. Stutz, Las Vegas Review-Journal  Date: 02.02.08

Downward pressure, brought about by decreased revenues in some gambling markets and shaky investor confidence, continued to affect the average daily stock prices of gaming companies... Read More >>

CHAMBER OF COMMERCE: Studies examine salaries

Author: E. Vogel, Las Vegas Review-Journal  Date: 06.23.08

CARSON CITY -- A Las Vegas Chamber of Commerce study released today found state and local government workers in Nevada earn 28 percent more than workers in the private sector... Read More >>

Chamber: See no downturn, hear no downturn

Author: A. Berzon, Las Vegas Sun  Date: 02.02.08

This was the mood Thursday when members of the Las Vegas Chamber of Commerce gathered for their annual cheerleading rally — this year, in the face of a worsening economy: Richard Lee, one... Read More >>

City Center West sells for $34.5 million

Author: T. Illia, Las Vegas Business Press Date: 04.29.08

JB Matteson has acquired City Center West at 7201 W. Lake Mead Blvd. in Las Vegas for $34.5 million, or $325 per square foot, from an investment entity led by the Weston Family Group LLC... Read More >>

Condo-hotel project faces class action lawsuit

Author: T. Illia, Las Vegas Review-Journal  Date: 02.10.08

Pinnacle Las Vegas was recently slapped with a class action lawsuit by frustrated buyers. The proposed $740 million condominium-hotel development at Tropicana Avenue and ... Read More >>

COMPENSATION: WAGING CHANGE

Author: H. Smith, Las Vegas Review-Journal  Date: 06.29.08

Downtown Las Vegas bartender Arlana "Red" Alvarez could make something more than minimum wage if she joined a union and worked on the Strip. Or she could go back to a salaried office job... Read More >>

Corus faces high exposure from local condo loans

Author: T. Illia, Las Vegas Business Press  Date: 04.07.08

Corus Bankshares, a Chicago-based lender responsible for $360 million in Las Vegas condominium-project loans last year, now faces high financial risk from the market's dramatic downturn. The firm... Read More >>

Cosmopolitan progress continues as financing remains uncertain

Author: T. Illia, Las Vegas Business Press  Date: 02.19.08

Cosmopolitan Resort & Casino is still a bustling, lively construction site with moving machinery and workers coming and going. Yet, the $3 billion megaresort project last month... Read More >>

Crown JV Drops $475M Option, Loses $70M

Author: B. Miller, GlobeSt.com  Date: 06.05.08

LAS VEGAS-With one month left to pull the trigger--and having made an estimated $70 million in non-refundable payments--a group of investors has dropped their option to acquire... Read More >>

Detroit Investors Buy Suburban Vegas Apartments

Author: B. Miller, GlobeSt.com  Date: 07.01.08

LAS VEGAS-In one of the few multifamily sales in the Las Vegas region in June, a group of metropolitan Detroit real estate investors has acquired two apartment projects... Read More >>

DEVELOPMENT: LV land prices rise in quarter

Author: H. Smith, Las Vegas Review-Journal  Date: 02.19.08

Land values in Las Vegas rose 21.8 percent during the fourth quarter to an average of $1.51 million an acre for 452 acres sold compared to the previous year's quarter... Read More >>

DEVELOPMENT: Project on Strip suffers setback

Author: A. Knightly, Las Vegas Review-Journal  Date: 01.17.08

The tightening lending market is jeopardizing the ownership of a multibillion-dollar hotel-condominium development under construction on the Strip. The owner of the $3 billion Cosmopolitan... Read More >>

ECONOMY: State's jobless rate at 14-year high

Author: J. Robison, Las Vegas Review-Journal  Date: 06.21.08

As a world-class culinary destination, Las Vegas should offer a buffet of job opportunities for food-and-beverage worker Jeff Hill. Instead of feasting on multiple offers, though... Read More >>

Economic survival a focus at Preview 2008

Author: H. Smith, Las Vegas Business Press  Date: 02.11.08

Amateur night is over and only the pros are going to survive in Las Vegas, real estate observer Richard Lee said last week at Preview Las Vegas 2008, the annual economic forecasting forum staged... Read More >>

Foreclosure fallout

Author: B. Eckhouse, Las Vegas Sun Date: 05.20.08

Peggy Montgomery fidgets as she waits for her husband to return from the mailbox, hoping he will be waving a refunded security deposit. The Montgomerys were forced to move recently... Read More >>

Gambling in America

Author: Economist, Economist.com  Date: 06.26.08

Las Vegas’s casinos have been on a roll. Is their luck about to run out? THE media had a field day recently when Charles Barkley, a retired basketball player, was forced to pay a gambling debt... Read More >>

Gaming Index Loses Ground, Gains New Players

Author: B. Miller, GlobeSt.com  Date: 01.03.08

LAS VEGAS-An index that tracks the daily average share price of 11 publicly traded gaming-related companies posted its second consecutive monthly decline following six consecutive monthly... Read More >>

Gaming sector caught in market skid

Author: H. Stutz, Las Vegas Review-Journal  Date: 03.01.08

Volatility continued to plague gaming industry stocks in February. Just two of the seven casino operators tracked for an index compiled by Las Vegas financial consulting firm Applied Analysis reported... Read More >>

Gaming stocks end 2007 on downswing

Author: H. Stutz, Las Vegas Review-Journal  Date: 01.01.08

Stock prices of the major casino operators and slot machine makers closed 2007 on a down trend in December following a similar tumble in November. Concerns about the expanding Macau... Read More >>

Gambling stocks tumble on economic woes

Author: B. Spillman, Las Vegas Review-Journal  Date: 07.01.08

If the stock market were a casino, investors in Las Vegas gambling stocks would be the bleary-eyed guy in the wrinkled suit watching helplessly as the dealer plucks chips from the felt... Read More >>

Gibbons plans government overhaul

Author: M. Ball, Las Vegas Review-Journal  Date: 04.04.08

Gov. Jim Gibbons said Thursday that he hopes soon to form a commission to examine the state budget and root out government inefficiency and waste. Speaking at a presentation on the economy... Read More >>

Groups that help needy finding the need is great

Author: T. Pratt, Las Vegas Sun  Date: 05.25.08

The economic downturn is hitting low-income residents in Nevada faster and harder than in the rest of the country, according to a Las Vegas Sun analysis. Tens of thousands of Las Vegas Valley... Read More >>

Harrah's responds to slowdown with labor reductions

Author: A. Knightly, Las Vegas Review-Journal  Date: 02.16.08

Harrah's Entertainment has laid off workers and reduced hours at many of its properties around the country, citing the slowing economy, the company confirmed Friday... Read More >>

Home inventory increases in May

Author: H. Smith, Las Vegas Review-Journal  Date: 06.06.08

The inventory of homes for sale in Las Vegas crept up to 23,348 in May, about 400 more than the previous month, the Greater Las Vegas Association of Realtors reported Thursday. Inventory... Read More >>

Homeowners, you can almost touch bottom

Author: J. Robison, Las Vegas Review-Journal  Date: 06.04.08

That's not just an endless series of queries from road-weary kids on summer vacation. It's also become the plaintive cry of local homeowners desperately seeking the bottom... Read More >>

Housing described as valley's top issue

Author: H. Smith, Las Vegas Review-Journal  Date: 02.01.08

Without a doubt, the biggest issue facing Southern Nevada this year will be the housing market and foreclosure crises, a local research analyst said Thursday at Preview Las Vegas 2008... Read More >>

HOUSING: 'Feeding frenzy' in Las Vegas

Author: H. Smith, Las Vegas Review-Journal  Date: 04.08.08

More than half of Las Vegas home sales in March were foreclosures or short sales, the president of Greater Las Vegas Association of Realtors said Monday. The association reported 1,478 escrow closings... Read More >>

Housing slump will slog on, signs suggest

Author: A. Zibel, The Associated Press  Date: 07.09.08

WASHINGTON -- Signs are emerging that the U.S. housing market's long slump is likely to fester through the summer, and the real estate market may not recover for at least another year... Read More >>