They Discovered More Land In Las Vegas
If you are considering buying a piece of the Las Vegas area desert, read this article. It seems that not only is the Bureau of Land Management still selling land, the city is starting to balk at taking on more growth. "If the federal government is going to take the majority of the money raised in Nevada via Bureau of Land Management land auctions, then just don't have the sales, or drastically reduce what is sold."
"Woodbury counters that growth would not stop under his plan, pointing to the thousands of acres already sold at BLM auctions that have yet to be developed."
And a roundup at the bottom of the page included this about apartments. "Apartment rents continue to fall, according to CB Richard Ellis, Las Vegas."
Office space; "A California-based real estate investment firm, purchased its first property in Nevada: the Park Flamingo, an 112,682-square-foot office building. The purchase price was $10.25 million and occupancy was 42 percent at the time of sale."