Saturday 23 March 2019

Las Vegas Real Estate Broker Guilty Of Failing To Pay US Taxes

LAS VEGAS (AP) — A Las Vegas real estate broker has been found guilty of evading federal income taxes that prosecutors say totaled more than $500,000.

Federal prosecutors say 53-year-old William Waller Jr. faces up to seven years in prison following Monday’s trial verdict in Las Vegas.

Waller’s attorney, Shawn Perez, said Tuesday he’ll seek Waller’s release from federal detention pending sentencing June 21 by U.S. District Judge James Mahan.

Prosecutors told jurors that Waller hid his income from the Internal Revenue Service in various ways over 20 years.

He was convicted of one charge of failing to pay taxes from 2004 to 2009 and two counts of failing to file tax returns for 2011 and 2012.

Prosecutors say Waller earned more than $570,000 in those two years.

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Tuesday 12 March 2019

Reality TV Mogul Nigel Lythgoe Votes to Sell His Las Vegas Mansion

Denise Truscello/Getty Images; realtor.com

"American Idol" and "So You Think You Can Dance" producer Nigel Lythgoe is looking at leaving Las Vegas. He’s just relisted his waterfront mansion on the south shore of Lake Las Vegas for $5 million.

It’s a bit of a bargain considering Lythgoe paid $7 million for the 7,085-square-foot, Mediterranean-style home in 2005. It’s been on and off the market for prices ranging from $12.5 million in 2008 to $3.5 million in 2011.

Officially located in Henderson, NV, and built in 2002, the five-bedroom home is situated on its large lot so residents can enjoy views of both the north and south shore.

"You feel as if you’re at the helm of a ship when you first walk in," thanks to the picture windows with waterfront views, says listing agent Cynthia Martin of Simply Vegas.

The home has "old-world elegance, yet lots of light throughout. The architecture is not contemporary—it’s timeless," Martin says.

Nigel Lythgoe’s Lake Las Vegas vacation home realtor.com
Street view realtor.com
Veranda overlooking the lake realtor.com

Among the home’s luxury features are an elevator, balconies, lush landscaping, and courtyard with a waterfall.

Courtyard realtor.com
Kitchen realtor.com

There are also two family rooms, one with a marble-topped bar and an amazing view of the man-made lake.

One of two family rooms realtor.com
Second family room realtor.com

The pool, which overlooks the lake, boasts a Baja shelf and a swim-up bar. There’s also a hot tub and an outdoor kitchen nearby.

The pool overlooks the lake. realtor.com
Pool featuring swim up-bar and Baja shelf realtor.com

The true finishing touch is the boat dock out back. An electric boat is included as no petrol power is allowed on Lake Las Vegas.

You can easily cruise over to the nearby village, where there are seven restaurants, a grocery store, and just about everything you need to entertain yourself and your friends when you don’t feel like making the 20-minute drive to the Strip.

Deck and electric boat realtor.com

Martin says the property is ideal for a vacation home or a corporate retreat, although it’s also suitable as a full-time family home. It’s likely the Lythgoe family used it as a vacation spot when they needed a peaceful yet recreational getaway.

Master bedroom realtor.com

Lythgoe, 69, is originally from England. He’s a classically trained dancer and has choreographed more than 500 TV shows. He’s best known for serving as a longtime producer on "American Idol" and being the creator and executive producer of "So You Think You Can Dance," on which he also serves as a judge.

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Friday 1 March 2019

Lance Bradford Participates In Las Vegas Real Estate Roundtable

LAS VEGAS, March 1, 2019 /PRNewswire/ — Lance Bradford is the President of Stable Development, a Las Vegas-based commercial real estate development firm who recently announced the acquisition of a mixed-use planned development from the City of Henderson that will house a mix of retail, office and medical space with approximately 300,000 square feet available for lease close the new Las Vegas Raiders corporate facility.

Lance is an expert in the industry and a key player in the commercial real estate market in Nevada and will tell you that in many ways the commercial real estate industry is thriving. Recently, executives representing builders and developers in Nevada met at the Las Vegas office of City National Bank to discuss building and development industries. At this event, Lance Bradford was asked his opinion on the future of financing and interest rates, where he stated "We just have to see where it goes. We’ve had quite a few good years here. There was good financing from a development standpoint to get things built. With these increases this past year and the unsettling of the tariffs, economy and the change in the government, it’ll be interesting. That could slow things down. On the good side of financing, I’m seeing more institutional capital start to come back. That’s positive. Through the recession, that really stopped to ground zero. So, from the capitalization standpoint, not so much the lenders, we’re starting to see institutional believers again and we’re seeing a lot of that. I hope that continues going because that helps offset uncertainty."

Lance Bradford has helped lead Stable Development in experiencing substantial growth over the last eight years even though the Las Vegas real estate market was enduring one of the worst economic downturns in its history. Other developments in Southern Nevada include: The Parkway in Summerlin, Corporate Center in the southwest region across from IKEA, Seven Hills Business Plaza and Coronado Medical and Surgery Center. To learn more visit https://lancebradford.info/.

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