Legal Alert: Nevada Supreme Court Tackles Construction Defects In Condominium Conversions
As we watched the Las Vegas housing marketing reach ever increasing vistas in the early 2000s, developers looking for ways to capture the rising tide started converting existing apartment buildings into condominiums. Why not? Development costs were much less than new construction and sales prices were higher than expected. Prospective homebuyers who found the price increases outstripping their budgets had an alternative option. Soon, those who were looking to rent apartments were disappointed as the available rental units declined, while the conversion price points increased. Click on the link below to view the alert in its entirety.