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.
"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."
FULL STORY: REAL ESTATE: Recession leaves raw land in dust
Las Vegas Uses ‘Mini-Roundabout’ for Traffic Calming
Roundabouts, commonly used in other countries, are starting to catch on in U.S. cities. They can improve traffic flow and bring efficiency benefits.
Las Vegas Golf Course to Become Over 1,000 Units of Affordable Housing
The project is part of an initiative to build affordable housing on shuttered golf courses.
Brightline West Moves Forward With Finalized Federal Funding
The high-speed rail line will connect Southern California and Las Vegas via a two-hour trip along Interstate 15.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service