VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: https://www.ifoldsflip.com/i/47497
IN BUSINESS MORE FORECLOSURES ON THE WAY, EXEC SAYS HOME PRICES, FROM PAGE 7 That's down from 4,108 total sales in September — but is up from 3,385 total sales one year ago. Paul Bell, GLVAR president, said the NELSON CHING/BLOOMBERG NEWS HELP WANTED : Clark County Commissioner Chris Giunchigliani says Strip resorts are hit-and-miss about keeping the areas near their properties clean. TRASH, CRIME AMONG CONCERNS CLEANUP, FROM PAGE 7 Chris Giunchigliani, whose district includes part of the Strip. She said her office had received complaints about how the animals were being treated. Giunchigliani isn't part of the Strip security committee. But when told the group would likely propose adding more police, she said that shouldn't be the only proposal on the table. For instance, hotels could offer tourists free bottled water to cut into the illegal water sales. The street needs more trash cans and more workers to empty them and clean the sidewalks. "Some properties do a great job, and others don't bother," she said, adding that she believed that type of work should be handled by the county. As for handbillers trying to unload business cards advertising outcall services, Giunchigliani thinks an ordinance could curb what many consider a nuisance by providing a time, manner and place for handbillers. It would also make handbillers responsible for the thousands of cards left on the sidewalk, "after tourists throw their cards away," she said. "All of it comes down to enforcement and penalties," she added. "Just having more police won't solve that problem." Sisolak doesn't sit on the Strip security committee, either. But as one of two county commissioners on Metro's Fiscal Affairs Committee, he has developed a relationship with Metro administrators. One thing he has learned, he said, is that Metro issues citations for illegal peddling on the Strip but "judges routinely dismiss them." Having more of a police presence, he added, might discourage illegal activity by preventing it. He agreed that the sidewalks needed to be cleaned more frequently, adding that his shoes stuck to the sidewalks during a visit to the Strip over the summer. | 14 NOVEMBER 2011 | sales decline in October from September was a normal seasonal development. "For at least the last seven years, we've sold fewer homes in October than we did during September," Bell said in a statement. "But I think the significant thing here is that October sales are up substantially from last year." Local housing analyst and SalesTraq President Larry Murphy said in his latest report on the Las Vegas market that its inventory would likely be inflated by foreclosures for some time. "In less than four years, more than 100,000 homes in Las Vegas have been lost through foreclosure. That's 18 percent of our privately owned housing stock: that's nearly one home in five. And we're nowhere near finished with foreclosures. In all likelihood, we have another 100,000 yet to go," Murphy said. Re: Reinvent Real Estate Investment From: Island To: International Holualoa® Companies have changed the landscape of portfolio diversification by retooling real estate investment and holding a fast-paced, strategically unique portfolio of assets in the United States, Mexico and Europe. The partnership between Lewis and Roca and Holualoa creates the right combination of business acumen and legal focus to take a complex deal from negotiation to completion. LAS VEGAS RENO PHOENIX TUCSON ALBUQUERQUE SILICON VALLEy LRLAW.COM Kailua VillageTM is a trademark of Kailua Village Business Improvement District and Holualoa® is a registered trademark of Holualoa Arizona, Inc. All marks are used with permission. 9