Las Vegas Land Worth 75% Less Than 2007 Peak

About half of commercial mortgage defaults in Las Vegas last year were for vacant land. With loans impossible to get and construction at a halt, vacant land is a hard sell.

1 minute read

March 9, 2010, 11:00 AM PST

By Tim Halbur


"For land speculators today, what's the exit strategy? Their ability to build out is limited by upside potential," [Applied Analysis principal Brian] Gordon said. "The commercial end continues to struggle and we're seeing construction activity essentially coming to a halt, so you have less demand for real estate for commercial today, whereas residential land has been turning over in anticipation of the bottom."

Monday, March 8, 2010 in Las Vegas Review-Journal

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

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