Las Vegas Sun

January 27, 2015

Currently: 58° — Complete forecast | Log in

Photo of Eli Segall

Eli Segall

Business reporter

Email »


Story Archive

Southern Nevada financial industry paranoid about pot business
Sunday, Oct. 12, 2014
Although medical marijuana was legalized in the state, few so far have been willing to support the industry ...
For sale: Blighted Strip land, only $246 million
Sunday, Oct. 12, 2014
The prices are stark reminders that Strip real estate values have plunged since the boom years but still vastly outpace the rest of the valley.
Developers break ground on massive Henderson health village
Wednesday, Oct. 8, 2014
After years of planning and a major setback, developers of Union Village are gearing up to finally build the colossal Henderson health care complex. The $1.2 billion, 155-acre development is slated to include ...
Las Vegas home sales dip, but prices inch upward
Wednesday, Oct. 8, 2014
Despite a slowdown in sales, Las Vegas used-home prices inched past the $200,000 mark last month. The median price of single-family homes sold in September was ...
Summerlin mall, stalled amid the recession, polishes for opening Thursday
Tuesday, Oct. 7, 2014
The Shops at Summerlin Centre was one of the most visible casualties of the real estate bust in arguably the hardest-hit market in the country. But now, with new owners and a new name — Downtown Summerlin — the project is finally opening. About 85 shops and eateries will be ...
Mining company revives long-dormant gold exploration in tiny Searchlight
Friday, Oct. 3, 2014
There are no grocery stores or doctor’s offices in this speck of a town outside Las Vegas. Most people live in mobile homes, and new suburban-style housing tracts have streets and utilities but, like a ghost town, few or no homes. There are no major employers, and the only restaurants are McDonald’s and a small casino with 10-cent coffee. But a mile or so north of town, a small company is trying to ...
Back in business: Henderson’s Inspirada eager for a comeback
Thursday, Oct. 2, 2014
On the outskirts of southern Henderson, near large swaths of open desert and a small airport buzzing with private planes, the Inspirada community has been a prime example of ...
President resigns at Las Vegas-based Allegiant Air
Wednesday, Oct. 1, 2014
Andrew Levy, Allegiant Air’s day-to-day operations boss and its highest-paid executive, has resigned. The Las Vegas-based discount carrier announced today that ...
Poker player accused of violating commodities trading ban
Tuesday, Sept. 30, 2014
Last fall, Las Vegas poker player and investor Daniel Shak was hit with a $400,000 penalty and trading ban after he was accused of attempting to manipulate oil markets. But, regulators claim, he didn’t ...
Goodwill opening new stores in Las Vegas Valley
Tuesday, Sept. 30, 2014
Goodwill of Southern Nevada is adding two retail stores and relocating another. The nonprofit group, which sells low-priced used clothing, furniture and other goods, said today it will open a new store at ...
Work underway on site for huge Strip music festival
Friday, Sept. 26, 2014
Another project on the north Strip is moving ahead as planned, furthering the anticipated turnaround of an area that’s struggled for years. Construction crews are doing site work at the southwest corner of Las Vegas Boulevard and Sahara Avenue, the future home of the ...
Report: Rising prices a drag on new-home sales
Wednesday, Sept. 24, 2014
Las Vegas homebuilders are stuck in the doldrums as buyers continue to shy away from hefty price tags, a new report shows. Local builders sold 530 new homes in August, bringing this year’s total to ...
Long-planned Henderson health care complex poised to break ground
Wednesday, Sept. 24, 2014
Developers of a colossal Henderson health care project, years behind schedule, say they’re making progress on their plans and getting ready to build. Invitations have gone out to political leaders and businesspeople to attend a ceremonial groundbreaking Oct. 8 of Union Village, the proposed $1.2 billion ...
State high court ruling favors HOAs over banks on home seizures
Thursday, Sept. 18, 2014
Nevada’s highest court has upheld a law that lets homeowners associations foreclose on houses ahead of mortgage lenders, even if HOAs are owed a fraction of what ...
Allegiant CEO buys Las Vegas Boulevard wedding chapel
Wednesday, Sept. 17, 2014
Allegiant Air boss Maurice “Maury” Gallagher, who’s made a fortune selling cheap plane tickets and a bevy of add-on fees, has entered a new, albeit still low-priced, line of business: Las Vegas weddings. Will the new business venture lead to flight and wedding packages? ...
Major speculative industrial project begins in North Las Vegas
Wednesday, Sept. 17, 2014
A Southern Nevada developer plans to build a warehouse that it says will be the area's largest speculative industrial project in years. Prologis, based in San Francisco with ... travel site features new look
Tuesday, Sept. 16, 2014
Travel website has a new look. The site, which lets people buy plane tickets, hotel rooms and show tickets, has overhauled itself with ...
Allegiant Travel boss sells back $25 million in stock
Chairman and CEO Maurice Gallagher still owns about 20 percent of company
Thursday, Sept. 11, 2014
Talk about a good payday. The parent company of discount carrier Allegant Air has bought back 200,000 shares at $126.20 apiece from ...
More parking, more stores coming to Premium Outlets-North
Wednesday, Sept. 10, 2014
Las Vegas Premium Outlets-North is expanding again. Management of the mall, which is on Grand Central Parkway near the Spaghetti Bowl, has expanded a parking garage with 780 more spots and is building ...
LVCVA tables plans to buy land near convention center
Tuesday, Sept. 9, 2014
The Las Vegas Convention and Visitors Authority's board was scheduled to vote today on spending up to $19 million for 4.8 acres of mostly vacant property on Convention Center Drive just east of ...
‘Only a matter of time’: Las Vegas home prices flatten out
Tuesday, Sept. 9, 2014
Las Vegas housing prices were flat last month as the market slows down from its meteoric recovery from the recession. The median sales price of single-family homes in August was ...
Half-price sale: Vacant land on north Strip — $16M an acre
Friday, Sept. 5, 2014
At the peak of the bubble, development firm Triple Five plunked down $180 million for property on the north Strip with plans to build a resort with an observation wheel. Today the land sits mostly empty, a sprawling parking lot in a struggling area, and Triple Five is trying to sell it ...
LVCVA’s sights set on $19M land buy for planned business district
Thursday, Sept. 4, 2014
Las Vegas’ tourism bureau is continuing its real estate buying spree for its planned multibillion-dollar business district. The Las Vegas Convention and Visitors Authority’s ...
Call center opens in Las Vegas, hopes to hire 500
Wednesday, Sept. 3, 2014
C3/CustomerContactChannels, which operates 17 call centers globally, said today it opened a customer-support facility at 490 E. Capovilla Ave. The call center has hired about 300 people and wants 500 more ...
Public Utilities Commission gets a new landlord
Tuesday, Sept. 2, 2014
Developer Jeff LaPour, who built the three-story office building at 9075 W. Diablo Drive, which houses the PUC and other tenants, sold the property on Friday for $17.35 million, county records show.
Developer fashions plan for Las Vegas expo center off I-15 near Strip
Tuesday, Sept. 2, 2014
Developer Jack Kashani, who helped launch the World Market Center furniture-expo hall, has his sights on another massive showcase center for Las Vegas, even though his first one was marred by financial and legal woes. Kashani is rumored to be under contract to buy ...
Another month, another arena project in Las Vegas
Sunday, Aug. 31, 2014
It seems like every month someone has an idea to build an arena in Las Vegas, and almost never with a major professional sports team in mind as an anchor tenant. And that’s the way it is with Jackie Robinson, a former UNLV and NBA player who has received a permit to build on the north Strip.
Nonprofit can make 4 million bars of soap a year at NLV plant
Thursday, Aug. 28, 2014
A nonprofit group that distributes soap to poverty-stricken countries is opening a manufacturing plant in North Las Vegas. Global Soap Project, based in Atlanta, has ...
Las Vegans’ credit card debt rising faster than you might think
Tuesday, Aug. 26, 2014
Southern Nevadans are swiping their credit cards more often and racking up debt faster than most consumers nationally. Residents of the Las Vegas metro area had ...
Las Vegas new home sales down
Friday, Aug. 22, 2014
Local developers sold 499 new homes last month, down 23 percent from July 2013, according to a report out today from Las Vegas-based Home Builders Research. The median sales price last month was $290,000, up 9 percent from a year earlier but down 3 percent from January. Despite the slowdown, builders are steadily pulling more construction permits for new homes. ...
Sales of Henderson mountainside mansion lots underway at Ascaya
Thursday, Aug. 21, 2014
If you want to live on a Henderson mountainside, hundreds of feet above the valley floor, get ready to pay big and build big. Ascaya is ...
Another valley Albertsons grocery store set to close
Wednesday, Aug. 20, 2014
Another Albertsons grocery store is closing in the Las Vegas Valley. The Albertsons at the northwest corner of Green Valley Parkway and Sunset Road in Henderson is ...
Courage, leadership, investment needed to effectively push medical tourism here, experts say
Wednesday, Aug. 20, 2014
When people fly out of town for medical care, they often go abroad for low-cost surgery or head to such world-class centers as the Mayo Clinic for care they can’t get at home. They don't usually think of coming to Las Vegas for ...
Preferring Southern Nevada’s workforce over Arizona’s, tent maker plants stakes in Henderson
Tuesday, Aug. 19, 2014
They’ve backed off from building a tent-covered tent manufacturing plant, but owners of Creative Tent International are up and running in Henderson after ditching Arizona. The company — which sells commercial tents in more than 60 countries for banquets, tennis court coverings, helicopter hangars and other uses — has hired ...
Henderson mountain-mansion development Ascaya back in business
Friday, Aug. 15, 2014
Hong Kong billionaire Henry Cheng blasted away a Henderson mountaintop during the real estate bubble, with plans for mansions overlooking the valley from street names such as Heavens Edge, Stonecutter and Epic View. Now after years of sitting untouched, developers are gearing up to ...
Long-abandoned corner of Las Vegas Boulevard and Sahara getting Walgreens
Wednesday, Aug. 13, 2014
It's paving over some colorful history, but a retail plaza with Walgreens is under construction on the north Strip and poised to bring more business to the struggling area. Sorenson Group Management broke ground this spring on a roughly 40,300-square-foot retail center at the northeast corner of Las Vegas Boulevard and Sahara Avenue. Walgreen Co. plans to open next spring, spokesman Phil Caruso said. The site was home to ...
Las Vegas-based Allegiant taking on debt to bolster plane fleet
Tuesday, Aug. 12, 2014
Allegiant Air, the discount carrier fliers love to hate, is on a borrowing binge. Las Vegas’ hometown airline, which historically hasn’t carried a lot of debt, in recent months sold ...
Rising Las Vegas home prices hit ‘nice milestone’
Friday, Aug. 8, 2014
Las Vegas housing prices inched up last month to the highest level in almost six years. The median sales price of previously owned single-family homes in Southern Nevada in July was $200,000, up 0.1 percent from June and 11.1 percent from July 2013, according to a new report from the Greater Las Vegas Association of Realtors. That’s the highest since August 2008, when the median sales price ...
Resort spas might be key to luring medical tourists to Las Vegas, report says
Wednesday, Aug. 6, 2014
Despite its abysmal doctor shortage, business boosters are hoping to make Las Vegas a hot spot for medical tourism, a long hoped-for but elusive ...
Apartment complex rising at the District in Henderson
Tuesday, Aug. 5, 2014
Years after buying the project site, developers are bringing pricey new housing options to the District at Green Valley Ranch in Henderson. Rents in the Calida Group's 360-unit apartment complex are likely to top out at ...
Australian casino mogul takes second chance on north Strip with Frontier site deal
Tuesday, Aug. 5, 2014
Australian casino mogul James Packer took a bath on the Fontainebleau, sinking hundreds of millions of dollars into the doomed Las Vegas resort. But that didn’t turn him off from ...
Longtime Southwest Gas boss is stepping down
Monday, Aug. 4, 2014
Jeffrey Shaw, head of Southwest Gas Corp., is retiring. The Las Vegas-based natural-gas provider said today that Shaw stepped down as company president Aug. 1 and will ...
Australian billionaire planning new Strip casino
Monday, Aug. 4, 2014
Australian casino mogul James Packer has acquired the former New Frontier site on the north Las Vegas Strip and plans to build a resort there. Packer, the billionaire chairman of Crown Resorts Ltd., has teamed with...
Teens rescued after floodwaters sweep them into wash
Monday, Aug. 4, 2014
More than an inch of rain fell in just 15 minutes west of the Las Vegas Strip this afternoon, and two teens were rescued after they were swept down a wash by rushing floodwaters in the ...
South side has its own struggling stretch of Strip
Sunday, Aug. 3, 2014
The north side of the Strip has become synonymous with the failed excesses of the boom years, but the south side has its own stretch of blight ...
Window opening for local home buyers
Sunday, Aug. 3, 2014
Faced with rising prices they helped create, investors have been pulling back for months. And as they buy fewer homes, sales volume is dropping and more listings are being ignored, creating opportunity for other buyers.
Las Vegas Sun owner joins Barrick Gold Corp. board of directors
Saturday, Aug. 2, 2014
Las Vegas Sun owner and publisher Brian Greenspun has joined the board of directors at Barrick Gold Corp., the world’s biggest gold-mining company ...
Downtown Grand names 4 new executives
Wednesday, July 30, 2014
The Downtown Grand has a slate of new executives. Management announced today that Marie Ramsey was hired as chief financial officer; Jeffrey Rabinowitz joined as ...
New-home sales in Las Vegas slide in first half of 2014
Wednesday, July 30, 2014
Sales of new homes in the Las Vegas Valley are down sharply in the first six months of this year compared with the first half of last year. Prices have risen dramatically and builders continue to pull permits, but the reasons some prospective buyers aren't closing deals are ...
Banks moving more aggressively against delinquent Las Vegas homeowners, report says
Friday, July 25, 2014
After a brief lull, lenders are again ramping up pressure on delinquent Las Vegas homeowners. The number of default notices filed in Clark County has climbed ...

Most Popular

  • Viewed
  • Discussed
  • E-mailed