Developer Rich MacDonald understands the challenges of the local real estate market, yet he’s proceeding with an estimated $160 million to $180 million in new-home construction and community enhancements at MacDonald Highlands. About 40 custom homes are under construction in the 1,200-acre master-planned community off Horizon Ridge Parkway in Henderson, carved into the hillside of the [...] [...more]
The Clark County School District’s enrollment has grown by just under 1 percent this year, according to the head count taken Friday. The third Friday in September is the official “count day” used by the Nevada Education Department to determine school funding. Although the district’s enrollment won’t be official until the state verifies and accepts figures, [...] [...more]
The biggest bet on the Las Vegas Strip has not paid off yet. Private equity firms Apollo Global Management and TPG Capital LP TPG.UL bought Harrah’s Entertainment, which operates nearly 40 casinos across the United States, for $31 billion in January. It was the peak of a leveraged buyout bubble that moved [...] [...more]
As a poker dealer at The Orleans, John Hill talks to players almost every day who have come to Las Vegas from faraway states and foreign countries. They’re not all here for the card game. That’s just something to pass time when they’re not out scouring Las Vegas for a good investment home. Median home prices have [...] [...more]
Dilapidated houses bring down the aesthetic value of the whole neighborhood and in some cases, they also pose health and safety hazards. Broken windows, abandoned vehicles, dead landscaping and lawns littered with debris — more fallout from the foreclosure crisis and economic troubles. In Las Vegas alone, city officials tell Eyewitness News the number of verified complaints [...] [...more]
Pardee Homes was among the first home builders to open within the master-planned Mountain’s Edge community with its Montelano neighborhood in late 2004. Today Pardee continues as a trailblazer at Mountain’s Edge, where the builder recently opened its sixth new home neighborhood. “Pardee Homes has been building in Southern Nevada for nearly 60 years, and we’re [...] [...more]
The financial markets are shrouded in gloom, but R. Donohue Peebles is still bullish about real estate. Head of the Peebles Corporation, a Coral Gables, Fla.-based real estate investment and development firm with a $4 billion portfolio, he focuses on properties in Nevada, California, Florida and the Washington, D.C. metro area. His latest book is [...] [...more]
Unemployment in Clark County climbed to 7.1 percent in August, its highest mark this year with an estimated 70,990 people jobless. Statewide, the unemployment rate also was 7.1 percent during the month, a 23-year high. The state Department of Employment, Training and Rehabilitation reported today that it expects the number of workers this year to fall by [...] [...more]
The Henderson Planning Commission voted four-to-zero last week to relocate power poles along a stretch of Galleria Drive to allow the road to be widened. Nevada Power was approached by Henderson and was asked to move the poles as part of a project which will add a freeway interchange and an overpass at Galleria and [...] [...more]
The North Las Vegas City Council on Wednesday night approved a permit to allow construction of a hotel at the southwest corner of Centennial Parkway and Linn Lane. The property is located near the Nevada Army National Guard’s Floyd Edsall Training Center. Guard officials have expressed concerns about the property’s proximity to the training facility. The hotel [...] [...more]
