Brian Wargo

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Recent Stories (view all stories)

Las Vegas condo hotels remain a tough sell — just ask Trump: Friday, Nov. 20, 2009; Sales in the local high-rise market rose 7 percentage points in the third quarter, but closings at the Trump International have been essentially nonexistent, according to the latest report by a Las Vegas research firm.
Vacancy rate for medical office buildings remains stable: Friday, Nov. 20, 2009; The medical office market, even though it is slumping, is outperforming the rest of the local commercial sector because it doesn’t have the same level of distressed properties facing foreclosures, industry analysts said.
Foreclosures fuel land bargains for investors: Friday, Nov. 20, 2009; Foreclosure sales are dominating the raw land market and suppressing prices, but they are creating bargains for investors, analysts said.
Mediation is reducing foreclosures: Friday, Nov. 20, 2009; Nevada’s new foreclosure mediation program is paying dividends already.
Threat seen to Nevada’s sports betting monopoly: State regulator says need for new revenue will force other jurisdictions to turn to wagering on athletics; Tuesday, Nov. 17, 2009; Nevada will face competition for race and sports books, a state gaming regulator predicts.
New method to count population shows Clark County may still be growing: Power company estimates indicate a net gain, contrary to the contraction found in Postal Service's numbers; Saturday, Nov. 14, 2009; Last year’s headlines about our population crystallized the bad news swirling about Clark County: 10,000 fewer people were living here on July 1, 2008, compared with a year earlier. So much for the region’s remarkable year-after-year growth. Not only had it gone kaput, but those numbers, based on how the county estimated its population at the time, said we were now going in reverse. Blame it, of course, on the recession, with the collapse of the job market and the wholesale dislocation of families to home foreclosures. It made sense that few people were moving here and a lot of people were fleeing.
Realtors: Tax credit extension will boost market: Friday, Nov. 13, 2009; Homebuilders and Realtors are counting an extension and expansion of a homebuyer tax credit to boost to the housing market through mid-2010.
CityCenter Realtors hit with cut in commissions: Friday, Nov. 13, 2009; The 30 percent drop in condo prices at CityCenter is going to cost Realtors in commissions.
Economic indicators show recession continuing into next year: Thursday, Nov. 12, 2009; The Southern Nevada Index of Leading Economic Indicators continued to drop in October, suggesting the region’s recession will continue through at least February, according to the report released by UNLV.
Foreclosure rate falls, but Nevada keeps top spot in nation: Wednesday, Nov. 11, 2009; The foreclosure rate in Nevada fell 26 percent in October, but the state remained No. 1 in the nation, according to RealtyTrac, a firm that tracks foreclosures nationwide. Nevada had 13,842 foreclosure filings, down 26 percent from September.

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Recent Blog Posts (view all entries)

Vegas company sues Irish partner over condo development: Wednesday, April 30, 2008; The Las Vegas-based co-developer of an upscale condominium project in the southwest valley filed a lawsuit today accusing its Irish partner of hijacking the development.

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