Nevada
Valley land values fall 14.1 percent
The price decline worsens when compared against valley land values during real estate’s heyday. First-quarter property values were 83.3 percent less than those at the end of 2007 when the building boom was concluding. The outlook doesn’t look like it …
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Incline Village Real Estate: Eliminating blighted properties in Incline …
While many in the real estate community were opposed to the proposed nuisance ordinance claiming it would infringe on private property rights, the reality is that blighted properties need to be addressed. There our some properties which are just a …
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Business Briefly June 12
RENO — Michael Clark, president of Trans-Action Realty, announced recently that the company has added Roger Terneuzen, Kimiko Kawada, and Lori Jenkins to its roster of real estate professionals. Terneuzen, former team leader at Keller Williams, …
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Bank-owned purchases return to marketplace
By Hubble Smith Commercial real estate brokers are starting to see cash investors buying bank-owned land in Las Vegas, though total transactions are 10 percent to 15 percent of what they were five or six years ago, Michael Stuart of Colliers …
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Turnberry Towers lowers condo prices, maintains luxury amenities
It also was named winner of the Best Builder Overall Product from the Best of Nevada Real Estate awards. “The best thing about Turnberry Towers is that you get the whole package,” said residents Charles DeGeisu and Janet Burak. “We’ve been to four-star …
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Take note of builder’s home models when house shopping
Generally, there are enough pieces to lay out a 6000-square-foot, five-bedroom house. And some come with design manuals with advice on how to arrange your furniture. Lew Sichelman has been covering real estate for more than 30 years. …
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Buying new or existing home is personal choice
A healthy real estate market would produce about 700000 new-home sales a year, department officials said. April’s new-home sales were 23 percent lower than in the same month last year. An Associated Press story about this national report pointed out …
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Desert Capital decides not to f ight bankruptcy proceedings
By John G. Edwards Attorney Gerald Gordon on Thursday told bankruptcy Judge Linda Riegle that Desert Capital Real Estate Investment Trust was withdrawing its objection to involuntary bankruptcy. The Henderson-based company will continue operations …
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Real Estate: Top-tier homes have lost 38% of their value
Nationwide, top-tier homes have lost 38% of their value since prices peaked in 2006, while prices for bottom-tier homes have dropped 63% since peaking in 2007, says real estate website Zillow.com. The disparity is consistent across larger cities, …
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Turnaround specialist hired for Nevada real estate fund
By Steve Green (contact) The CEO of a troubled Southern Nevada real estate investment trust has resigned and a Chicago company has been hired to manage the firm. Desert Capital REIT Inc. of Henderson on Monday disclosed the resignation of CEO Todd …
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