Regions Southwest
Housing Prices Fall Most in Philadelphia, Las Vegas
May 9, 2008

The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index. Overall, in the United States, the index showed a decline in asking prices of 0.9 percent over the past three months and continued that decline in April with a decrease of 0.6 percent for the month. List prices for houses fell at the fastest rate in Las Vegas - down 2.7 percent during April. Prices of properties listed for-sale fell in only 7 of 25 major markets, according to the Real-Time Real Estate Report, jointly published by Altos Research and market analysis consultancy Real IQ.

 
Recent Southwest Headlines
Colonial Properties Trust Sells 5 Apartment Communities for $82M
July 03, 2008
Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not identified.
vegas World's Tallest Timeshare Tops Off in Vegas
July 03, 2008
The $1.2 billion PH Towers by Westgate in Las Vegas has reached a pivotal point in development with the attainment of the highest point of vertical construction. Located at the Planet Hollywood Resort & Casino, the upscale 52-story PH Towers (pictured) will be the tallest timeshare building in the world.
vegas LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
July 03, 2008
Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent to the planned Mob Museum in the city’s historic Post Office Block.
CBRE Investors Snaps Up 1MSF Suburban Dallas Office
July 02, 2008
Acting on behalf of its Strategic Partners U.S. 5 fund, CB Richard Ellis Investors has just acquired The Colonnade, a 1 million-square-foot office property in Addison, Texas.
Holliday Fenoglio Arranges $23M Construction Loan for Houston Office Development
July 02, 2008
The Houston office of Holliday Fenoglio Fowler L.P. arranged a $23.5 million construction loan for a speculative class A, 180,000-square-foot office development in The Woodlands, Tex.