Buck Wargo

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Number of foreclosures down in August, but default notices up: Wednesday, Sept. 14, 2011; Notices of default on home mortgages in Nevada rose sharply in August, but the overall number of foreclosure filings fell, according to a California research firm.
General Growth buys former Dillard’s location at Boulevard Mall: Wednesday, Sept. 14, 2011; Nearly three years after Dillard’s closed its department store at Boulevard Mall on Maryland Parkway, the retail chain has found a buyer for the location.
Underwater mortgages decline, but Nevada still leads nation: Foreclosures cited as reason for decrease; Tuesday, Sept. 13, 2011; Fewer Nevada homeowners are underwater on their mortgages, but only because many have lost their homes to foreclosure, a California research firm said.
Realty One Group out to compete nationally: Monday, Sept. 12, 2011; Las Vegas real estate brokerage Realty One Group announced it’s expanding its footprint in California.
Reincarnations of vacant retail space could take decades: Monday, Sept. 12, 2011; Record levels of retail vacancy could prompt some changes in the Las Vegas real estate landscape over the next decade, analysts said.
360-unit apartment complex planned near Southern Highlands: Friday, Sept. 9, 2011; Developer Daniel Grimm announced plans for a 360-unit apartment complex near Southern Highlands. Daniel Grimm announced plans for a 360-unit apartment complex near Southern Highlands. He completed a land purchase in August.
Las Vegas home sales surge in August; prices decline: Thursday, Sept. 8, 2011; The slowdown in the nation’s economy hasn’t dampened the interest in Southern Nevada’s market for existing homes. The Greater Las Vegas Association of Realtors reported Thursday that the 4,693 sales make up one of the highest levels in the valley’s history.
Vacant land market in Las Vegas faces long slog to recovery: Wednesday, Sept. 7, 2011; The demand for vacant land in Las Vegas remains low and prices declined in the second quarter, a report released by Applied Analysis says.
Longtime Las Vegan named president of Bank of Nevada: Monday, Sept. 5, 2011; John Guedry has been named president and chief operating officer of Bank of Nevada.
Life, Wonderful: Hot off the press: Life’s about friends and family. It really is.; Monday, Sept. 5, 2011; Hee Haw. Those two lighthearted words can stir powerful memories.
Improvement in monthly UNLV economic index called 'encouraging sign': Wednesday, Aug. 31, 2011; A UNLV index gauging Las Vegas’ economy moved up for the second consecutive month, signaling that jobs could be created by early next year, officials said.
Condo tower near Las Vegas Strip to get $3 million facelift: Tuesday, Aug. 30, 2011; A Las Vegas condo tower that opened in July 2009 is getting a $3 million makeover to give it the feel of a hotel and to boost sales. The owner of The Martin on the west side of I-15 across from CityCenter will undergo a remodel starting in mid-September.
At 65 percent, Nevada leads nation in sale of foreclosed homes: Tuesday, Aug. 30, 2011; Nevada led the nation during the second quarter with 65 percent of its homes sold as foreclosures, according to a California research firm.
Solar project near Primm offers boost to Southern Nevada: Monday, Aug. 29, 2011; A California company’s solar project a few miles from the Nevada border near Primm is providing an economic boost to Clark County.
From CPA to real estate developer, Lance Bradford's success is pure Vegas: Monday, Aug. 29, 2011; Lance Bradford has a good feel for the Las Vegas business climate.
D.R. Horton, KB Home top home sales list for first six months of the year: Monday, Aug. 29, 2011; New home sales were weak in Las Vegas during the first six months of 2011, but D.R. Horton and KB Home topped the list as the leading builders.
Nevada Development Authority campaign seeks to build credibility: Monday, Aug. 29, 2011; Call it the soft-sell approach to lure companies to Nevada.
Convention for shopping malls renews its contract with LVCVA through 2017: Monday, Aug. 29, 2011; The International Council of Shopping Centers has signed with the Las Vegas Convention and Visitors Authority to extend its annual trade show through 2017.
Founders of Lied Institute for Real Estate Studies to be honored: Tuesday, Aug. 23, 2011; Founders of the Lied Institute for Real Estate Studies at UNLV will be honored in September for their contributions during the annul Lieder Awards.
Prudential Americana Group acquires competitor, becomes market leader: Tuesday, Aug. 23, 2011; Prudential Americana Group announced today it has acquired one of its largest competitors in the market, elevating it to the No. 1 brokerage in Las Vegas.
Economic concerns, politics cost Las Vegas home sales, report says: Tuesday, Aug. 23, 2011; Las Vegas existing home sales in July were strong by historic standards, but concerns about the economy and the political standoff in Washington, D.C., cost the Southern Nevada market some home sales, according to a San Diego research firm. Sales of existing homes have risen year-over-year for eight consecutive months, boosted by investors paying with cash and first-time homebuyers, DataQuick reported.
Brokerage firms feel sting of valley foreclosure crisis: Monday, Aug. 22, 2011; The continued drop in home prices and a market dominated by foreclosures has cut into the business of some of the largest residential real estate brokerages in Las Vegas.
Home prices decline in 53 of 58 Southern Nevada ZIP codes: Thursday, Aug. 18, 2011; Homes in 54 of 58 Las Vegas ZIP codes saw their prices fall over the past year, according to a San Diego research firm. DataQuick reported that Clark County’s home prices fell 14.7 percent to $116,000 from the second quarter of 2010 to the second quarter of 2011.
Sales of new homes weigh on Las Vegas housing market: Existing-home sales on track for fourth best year; Tuesday, Aug. 16, 2011; Las Vegas is on pace to sell more than 45,500 existing homes in 2011, which would make it the fourth best year ever, but new-home sales will have one of the worst years in more than two decades, according to a housing analyst.
Firm: Las Vegas home prices will hit bottom in late 2012: Tuesday, Aug. 16, 2011; A Wisconsin research firm said Las Vegas home prices haven’t found their bottom and won’t until the fourth quarter of 2012.
Investors ramping up Las Vegas condo sales: Wednesday, Aug. 10, 2011; Investors and international buyers are bargain hunting for existing high-rise residential condominiums along and near the Strip, according to a condo analyst and researcher.
Nearly two-thirds of Las Vegas homes sold at loss in 2nd quarter: Wednesday, Aug. 10, 2011; Nearly two-thirds of existing Las Vegas homes sold in the second quarter were at a loss to the owner, according to a report released by Zillow.
Report paints gloomy picture of construction industry: Tuesday, Aug. 9, 2011; More people are moving to Nevada, but at the present pace, it would take nearly a decade to absorb the vacant housing inventory in Las Vegas, according to a report from the Associated General Contractors of Las Vegas.
UNLV index points to slight improvements in Las Vegas economy: Tuesday, Aug. 9, 2011; Southern Nevada’s economy was on an upward swing through the end of May, but a slowdown in the nation’s economy could thwart that trend, according to an analysis released today by UNLV’s Center for Business and Economic Research.
Home prices continued to fall in July amid decline in sales: Tuesday, Aug. 9, 2011; Southern Nevada home sales fell in July compared to June and prices continued to creep downward, according to statistics released today by the Greater Las Vegas Association of Realtors.
How did the Las Vegas golf business get in a bunker?: Long considered "the gentlemen's sports," golf and Las Vegas share a deep-rooted love for each other. How has the Great Recession damaged this profitable game?; Monday, Aug. 8, 2011; When Las Vegas and Tiger Woods collided, all hell broke loose. When all the pieces of his marriage and career started to unravel, all roads led back to Las Vegas, where Woods hooked up with many of the women who would be his undoing.
Buck Wargo: Shedding light on Las Vegas' real estate market: In the give-and-take that is reporting, I always hold my ground. Always.; Monday, Aug. 1, 2011; You’re doing a disservice to your readers, the caller tells me.
Mortgage delinquencies falling in Las Vegas: Friday, July 29, 2011; The 90-day mortgage delinquency rate for Las Vegas homeowners dipped to its lowest level in nearly two years, a research firm reported. California-based CoreLogic said 16.94 percent of homeowners with a mortgage were delinquent 90 days or more in May.
Las Vegas apartment rent continues to slide: Friday, July 29, 2011; Las Vegas apartment rents fell slightly during the second quarter and occupancy levels remained the same, according to research firm Applied Analysis.
Minn. company to open LV office, creating hundreds of jobs by 2013: Thursday, July 28, 2011; Ameriprise Financial, a Minneapolis-based financial services company, plans to open a Western hub that will employ 300 people in a call center by 2013.
Nike shifts focus of store at Forum Shops: Wednesday, July 27, 2011; Las Vegas will be home to Nike’s newest store concept starting Thursday.
California buyers going after sales of Nevada homes: Tuesday, July 26, 2011; Out-of-state buyers — led by Californians — accounted for one-third of Las Vegas home sales in June in a reflection of the demand by investors and vacation-home buyers. Absentee buyers, including investors who live in-state, purchased 46 percent of all homes sold in June.
Economist predicts LV home prices will creep up in 2012: Tuesday, July 26, 2011; A California economist who tracks the Las Vegas housing market said home prices will start rising in 2012 but won’t take off until after a greater number of jobs are created in 2014 and 2015. Mark Boud said the value of existing single-family homes in Las Vegas will fall 2.6 percent in 2011 to a median price of $133,175.
Commercial real estate: How low can it go?: Monday, July 25, 2011; We’re all too familiar with the myriad stories about people who, because of an adjustable rate mortgage or job loss, have lost their home to foreclosure. The bursting housing bubble depressed the economy and ultimately spread to the commercial side of the real estate equation that already had a glut of space from overbuilding during the Las Vegas boom market.
Nevada real estate agents expecting home prices to continue falling: Friday, July 22, 2011; Nevada real estate agents are growing more pessimistic about the market — 82 percent of Nevada real estate professionals said home prices would decline over the next six months, according to a new survey.
Legislator: State moving forward in diversifying economy: New measure provides funds to help businesses relocate to Nevada; Thursday, July 21, 2011; A Nevada lawmaker told a group of business leaders Thursday that the state is making strides in its efforts to spur economic development and diversification.
Fore sale: PGA joins Realtors to market golf-course homes: Thursday, July 21, 2011; The Southwest Section of the Professional Golfers’ Association has teamed up with Realtors to help golfers buy homes on or near golf courses in Southern Nevada.
Company acquires commercial laundry service supplier: Wednesday, July 20, 2011; Las Vegas-based Brady Industries has acquired the resort laundry division of Southern Nevada commercial laundry service supplier Mission Industries. Terms of the deal weren’t announced.
Las Vegas home sales jump in June, but prices continue fall: Tuesday, July 19, 2011; Existing home sales in June reached their highest level since August 2005, and the new-home market had its best month since November, according to statistics released today by SalesTraq.
Companies acquire shopping center in southwest valley: Monday, July 18, 2011; A California real estate company and Chicago management firm have acquired a four-year-old shopping center in southwest Las Vegas.
British clothing retailer opening third U.S. store in Las Vegas: Monday, July 18, 2011; The British fashion industry is invading Las Vegas in March. Fashion Show Mall has landed British clothes retailers Topshop and Topman. Both were heavily recruited by shopping centers along the Strip.
Nevada foreclosure filings fall 17 percent: Wednesday, July 13, 2011; Foreclosure filings during the first six months of 2011 fell 17 percent from the same comparison a year ago and even fell by a similar amount from the second half of 2010, according to a California research firm.
Sportsman's Warehouse returns to Southern Nevada: Tuesday, July 12, 2011; A Utah-based retailer that closed two of its stores in Las Vegas after filing Chapter 11 bankruptcy is moving back into the market.
Housing symposium set for July 20: Tuesday, July 12, 2011; What’s the future of the Las Vegas home building and housing market for the rest of 2011 and into 2012?
Sweet charity: How giving back is helping business' bottom line: Hey, big spenders: Corporate giving in Las Vegas got hit particularly hard in the Great Recession. But giving back is actually helping Las Vegas businesses.; Monday, July 11, 2011; Darcy Neighbors knows first hand that philanthropy is not only good for the soul, but great for the bottom line. In business, giving back is a selfish act—and that’s OK. All credible studies show that businesses that actively donate to charitable causes increase their brand awareness, boost employee morale and fatten their balance sheets.