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May 1, 2016

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Eli Segall

Business Reporter

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Allegiant boss Gallagher receives near-$3 million bonus
Friday, April 29, 2016
Reaping a windfall from record profits, Allegiant Air boss Maurice “Maury” Gallagher booked a nearly $3 million bonus last year, far above his usual payout, the company disclosed ...
Allegiant Travel revenue, earnings up in 1st quarter
Wednesday, April 27, 2016
The parent company of Las Vegas-based Allegiant Air, an ultra-low-cost carrier that flies mostly from small, underserved cities to warm-weather tourist spots, reported earnings today for ...
15 apartment complexes sold for $600 million might set precedent in Las Vegas
Wednesday, April 27, 2016
A Houston real estate giant has sold more than a dozen Las Vegas Valley apartment complexes, in what’s said to be the largest, local apartment deal in memory. Camden Property Trust announced Tuesday that it sold 15 apartment complexes, a retail center and about 19.6 acres of undeveloped land for $630 million combined. The company did not name the buyers. But people with knowledge of the deal said ...
Land investors gobble up 800 acres in BLM auction
Tuesday, April 26, 2016
After passing on hundreds of acres at government auctions last year, Las Vegas land investors scooped up almost everything offered Tuesday and paid above the asking price ...
BLM puts 800 acres of land up for auction
Friday, April 22, 2016
The federal government is offering more than 800 acres of Las Vegas Valley land to the highest bidders next week. But if last year’s auctions are any indication, buyers might ...
Las Vegas homeowners seeing big profits on sales
Wednesday, April 20, 2016
Las Vegas homeowners are booking the highest profit margins in years when selling their property, but amid flat prices, those gains have largely leveled off, a new report shows. Owners who sold ...
Amid widespread die-off of old malls, new owners breathe life into Boulevard center
Wednesday, April 20, 2016
When the Boulevard mall opened nearly five decades ago, newspapers heaped praise on the “shopping paradise,” saying it had more “charm and grace” than any other gathering ...
Report: New-home sales up, but prices flat
Tuesday, April 19, 2016
Las Vegas homebuilders are selling more houses and drawing up more construction plans compared to last year, but in some ways, sales volume has ...
Allegiant’s new credit card will be ‘un-frequent-flier program’
Thursday, April 14, 2016
Allegiant Air is a deep-discount carrier with almost no frills, not even a frequent-flier program. Now it’s gearing up to issue an Allegiant-branded credit card ...
Nevada has third-highest foreclosure rate, repossessions rise
Wednesday, April 13, 2016
Despite a drop in overall foreclosure filings, lenders have repossessed a rising volume of homes in Nevada compared with last year, keeping the Silver State among the hardest-hit areas in the country ...
Is Lake Las Vegas finally bubbling back to life?
Wednesday, April 13, 2016
Lake Las Vegas was one of the biggest real estate flops in one of the hardest-hit markets in the country during the recession, crushed by an avalanche of financial problems. Now ...
Q+A: How Henderson is tackling its squatter problem
Tuesday, April 12, 2016
The city of Henderson, according to its website, is “a place to call home.” Squatters are taking that to heart. Henderson police have received dozens of service calls since last fall about ...
The cranes have returned to the Las Vegas Valley
Sunday, April 10, 2016
Several developers have started speculative construction or are planning to, figuring demand for space is strong enough that properties won’t sit empty for long. If investors outstrip demand with a glut …
Attention, house hunters: Home expo getting underway Friday at Cashman
Thursday, April 7, 2016
House hunters can learn about Las Vegas’ builders and sprawling communities at a two-day expo this week. Real Estate Expo Las Vegas is scheduled to be held
Las Vegas-area home sales surge, prices unmoved in March
Wednesday, April 6, 2016
Las Vegas used-house prices were largely flat in March, continuing a months-long stretch of mostly unchanged prices, amid a big jump in sales volume. The median sales price of previously owned single-family homes in Southern Nevada last month was $220,000, down 0.2 percent from February but up 7.3 percent from a year earlier, according to a new report from the Greater Las Vegas Association of Realtors. Buyers picked up ...
The case of Bayzle Morgan, accused murderer and squatter
Monday, April 4, 2016
Accused murderer's lawyer says it’s “really fishy and suspect” that Metro publicly labeled his client a squatter.
Solving the squatter problem in Las Vegas
Monday, April 4, 2016
For years, particularly since the housing bust left many homes abandoned, people illegally have set up residence in empty houses. A new law aims to remove ...
Q+A: Why investor is sure buyers will seek out his southwest valley condos
Wednesday, March 30, 2016
During the boom years, it seemed everywhere you looked in Las Vegas a developer was planning an upscale condo project. But when the economy crashed, construction sites were ...
Report: Las Vegas home values furthest from peak
Friday, March 25, 2016
Las Vegas home values are on the rise — but they have more room to climb than any large metro area to reach peak levels again, a new report shows. The median home value in the Las Vegas area last month was $201,900, up 9 percent from a year earlier. Nationally, the median ...
After years of wild swings, Las Vegas home prices settle into a groove
Wednesday, March 23, 2016
Las Vegas home prices went through a wild roller-coaster ride the past decade or so, but the ride seems almost boring today. For the first time ...
Want to buy a town? There’s one on the market in rural Southern Nevada
Thursday, March 17, 2016
It’s dark and mostly empty in the low-slung, 1960s-era casino here, with a handful of people at the bar and just one or two others playing slots. The streets in this dusty, isolated town aren’t paved, but there’s almost nothing to drive to, anyway — no doctors offices, shopping centers or much else around here. But there’s plenty of ...
Investment group buys 39 units at suburban condo complex
Thursday, March 10, 2016
Nearly six months after buying dozens of condo units in a Strip high-rise, a San Diego investment group is laying a similar bet in the Las Vegas suburbs. Pathfinder Partners has purchased 39 units in ...
Q+A: Las Vegas homebuilder Canarelli hasn’t let hard knocks bring him down
Wednesday, March 9, 2016
Larry Canarelli spent his childhood in poverty, living in a tent alongside a river, in an orphanage and in shacks. But he’s long had an entrepreneurial bent and a strength for numbers. And over the course of more than 30 years, he’s built a Las Vegas homebuilding empire by ...
Sales of previously owned homes take off in February
Monday, March 7, 2016
Las Vegas used-home sales shot up last month from January as prices largely stayed flat again. Buyers picked up 2,112 single-family homes in ...
Allegiant becomes NASCAR’s first ‘official passenger airline partner’
Thursday, March 3, 2016
Allegiant Air has signed a sponsorship deal with NASCAR, in another effort to get its brand in front of racing buffs. The Las Vegas-based discount carrier signed a multi-year agreement with the ...
New-home sales up a little, prices down a little
Wednesday, March 2, 2016
Las Vegas homebuilders started the year with a bump in sales and a dip in prices compared to the beginning of 2015. Builders closed 382 new-home sales in Clark County in January, up ...
Howard Hughes Corp. report: Price per acre in Summerlin rose to $542K in 2015
Tuesday, March 1, 2016
Summerlin land sales kept sliding last year as the price of dirt climbed higher. Developer Howard Hughes Corp. sold ...
Stuck in neutral: Faraday Future hasn’t sparked land sales at Apex park
Wednesday, Feb. 24, 2016
If all goes as planned, Faraday Future's arrival would usher in thousands of jobs and possibly attract other development to the isolated industrial park. But so far, Faraday’s widely cheered site selection hasn’t sparked a ...
Nevada housing market starts year as a national foreclosure leader
Friday, Feb. 19, 2016
Nevada’s housing market started the year on a familiar note, with one of the highest foreclosure rates in the country. One in every 603 homes statewide received a foreclosure-related filing in January, up ...
Henderson’s luxury Domain apartments sell for $58.2 million
Friday, Feb. 19, 2016
Houston real estate tycoon Gerald Hines is laying another bet on Southern Nevada. His namesake company has bought the upscale, 308-unit Domain apartment complex in Henderson for $58.2 million. The sale, by Domain developer Martin Egbert of Nevada West …
Las Vegas sees uptick in homeowners refinancing their mortgages
Wednesday, Feb. 17, 2016
For homebuyers, mortgage lending slowed more in Las Vegas than it did nationally in the final months of 2015 compared to a year earlier. But for homeowners looking to refinance ...
Slow comeback from recession leaves Pahrump with lots of wide open spaces
Friday, Feb. 12, 2016
As is the case with Las Vegas, Pahrump’s economy is on the mend. But, overall, the homebuilding industry remains noticeably slower across the Nye County border than ...
Las Vegas’ sizable inventory of vacant homes continues to shrink
Wednesday, Feb. 10, 2016
Las Vegas’ inventory of vacant homes is shrinking but remains above the national average. Some 2.1 percent of Clark County homes — or 13,364 properties — are empty, compared to ...
Report suggests Las Vegas housing market will hold course in ’16
Wednesday, Feb. 10, 2016
If January was any indicator, Las Vegas’ housing market should experience more of the same in 2016 compared to recent years: higher prices, fewer purchases and over-reaching sellers. Used-home buyers continued paying bigger price tags in January, and even though sales volume rose from a year ago, it remained well below recent years’ first-month totals. Meanwhile, homeowners kept putting more ...
Clothing retailer H&M coming to Downtown Summerlin
Tuesday, Feb. 9, 2016
Clothing chain H&M has announced plans to open a store at Downtown Summerlin, the Swedish retailer’s latest expansion in Nevada, where it already operates five locations. H&M, known for selling trendy apparel at low prices, said today it’s opening a roughly 20,000-square-foot store this spring at the open-air Summerlin mall at Sahara Avenue and the 215 Beltway. It did not give a more precise ...
Libation automation: L.V. investors’ Smartender mixes cocktails at touch of a button
Thursday, Feb. 4, 2016
Barry Fieldman is known in Las Vegas for developing Showcase mall, the retail property decorated with a giant Coke bottle and M&M’s along the Strip. Now he’s on another mission: Overhaul the bartending business with rapid-fire, machine-made cocktails with this invention ...
Investor interest in Las Vegas homes continues to drop
Wednesday, Feb. 3, 2016
In another sign that housing investors are clearing out of Las Vegas, such buyers picked up a larger share of homes nationally than in Southern Nevada in 2015 ...
CVS site on Las Vegas Strip available at steep price
Friday, Jan. 29, 2016
In the latest effort to make millions from the Strip’s lucrative drugstore sector, a CVS has hit the market with a big price tag. Capital Square Realty Advisors is trying to sell ...
Drawn to Chinatown, L.V. developer skips suburbs for latest apartment project
Thursday, Jan. 28, 2016
Las Vegas developers are flooding the suburbs with apartment complexes, and largely avoiding the kind of site where Jonathan Fore is plotting his latest project. His vacant Chinatown-area property is in an urban neighborhood, right near auto-body shops, the Pussycats adult club and ...
Majority of Nevada households remain mired in financial hole, report finds
Tuesday, Jan. 26, 2016
Despite the slowly improving U.S. economy, more than half of Nevada households are locked in “perpetual financial insecurity,” says a new report, as the state ...
Builders sell 6,802 new homes countywide last year, up 13 percent
Monday, Jan. 25, 2016
Las Vegas homebuilders sold more houses last year than in 2014 and geared up for a rising volume of construction, a new report shows. Overall, though, business remained ...
Allegiant Air exec promoted in management shake-up
Friday, Jan. 22, 2016
A week after a top deputy resigned, Allegiant Air boss Maurice “Maury” Gallagher has given the job to an existing executive as part of a management shake-up. Las Vegas-based Allegiant announced ...
Call Mike Tyson your neighbor by buying his former home in Henderson
Tuesday, Jan. 19, 2016
Iron Mike has some flashy new digs. Former boxing champ Mike Tyson recently bought a two-story, 8,149-square-foot mansion in the Seven Hills area of Henderson for $2.5 million, just down the block from his old house. The sales price was 40 percent below what previous buyers paid in 2006, during the real estate bubble. Tyson and his wife, Lakiha, closed ...
Allegiant’s chief operations officer resigns
Friday, Jan. 15, 2016
After a year on the job, one of Allegiant Air’s top executives is stepping down. Steve Harfst, chief operating officer, resigned today after a year on ...
Las Vegas land isn’t dirt cheap, but here’s why it isn’t selling like it once was
Friday, Jan. 15, 2016
Las Vegas once was a hot spot for land speculators, who couldn’t get enough desert tracts to develop or flip to other investors. Sales evaporated with the recession and recovered a bit a few years ago. But today, the land business has ...
In 2015, foreclosure filings climbed in Nevada, fell across U.S.
Wednesday, Jan. 13, 2016
Nevada homeowners were slapped with a rising tally of foreclosure filings last year, bucking a nationwide drop as the state remained among ...
Drugstores galore: Another CVS being built on the Las Vegas Strip
Tuesday, Jan. 12, 2016
The drugstore arms race on the Strip is ratcheting up another notch. Workers are building a CVS store in front of Bally’s. The two-story property is not expected to have ...
Report: Credit scores in Las Vegas near bottom in the nation
Monday, Jan. 11, 2016
In another sign of Southern Nevadans’ weak finances, a new report says Las Vegas residents have some of the worst credit scores in the country. Personal-finance website ...
Home prices dip to end stable year for Las Vegas market
Thursday, Jan. 7, 2016
Las Vegas’ resale housing market ended 2015 with mixed results, with a jump in monthly sales but a dip in prices, which had been flat since summer ...
Q+A: Zillow economist explains why L.V. housing market hasn’t fully rebounded
Thursday, Jan. 7, 2016
Zillow chief economist Svenja Gudell spoke with VEGAS INC this week about underwater homes, their impact on the market and ...

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