BLM sells more than 460 acres of Las Vegas Valley land for $74.6M

[TexasTowelie]

Investors bought more than 460 acres of Las Vegas Valley land at a federal auction this week but also ignored hundreds of acres at the sale.

The Bureau of Land Management on Wednesday sold 461.4 acres for $74.6 million combined, the agency announced.

It offered almost 755 acres at the auction, held in Henderson City Council chambers.

The largest parcel sold, roughly 189 acres at Losee Road and the 215 Beltway, went to homebuilder Larry Canarelli’s American West Homes for $35.1 million, according to the BLM. The parcel had a market value of $30.2 million.

Read more: https://www.reviewjournal.com/business/blm-sells-more-than-460-acres-of-las-vegas-valley-land-for-74-6m/

[More_Cowbell]

1. Nevada is the state where the highest percentage of land is owned by the federal government

http://time.com/4167983/federal-government-land-oregon/