Not all news is good news and not all bad news is bad. Today it was announced that Faraday Future, the electric car company that has never built a car, has pulled out of their deal for a billion dollar industrial plant in North Las Vegas. While this is not good for North Las Vegas, it could have been worse. The Faraday Future deal really propelled North Las Vegas Mayor John Lee to push the city on the right track to get rid of the pig farm at Ann Road and 5th St. which had been there and owned by the Combs family for decades

If Faraday had no other impact, making sure the pig farm was gone, is huge. There is still plenty of other industry moving to North Las Vegas such as Amazon with is getting ready to open a distribution center and employ 1000 people. Also, Fanatics, the sports apparel company is opening a distribution center right next door to Amazon. Hyperloop is currently testing in North Las Vegas and is expanding their facility from my understanding. I am not a fan of most politicians but I had a chance to listen to Mayor Lee speak just a couple weeks ago at a North Las Vegas real estate agent event and I do feel that Mayor Lee truly loves North Las Vegas and will do everything he can to find a good replacement for Faraday.

As far as housing in North Las Vegas goes, it is booming. There are several new communities by builders such as DR Horton and Beazer already under way but they are nothing compared to the master planned communities coming in just east and west of Aliante. Villages at Tule Springs is sure to be a hit at the northern most tip of the valley. Homes are expected to begin being built by late 2017 or early 2018. For those ready to buy a brand new home now, there are brand new homes from $250,000 that come nicely upgraded. If you want a more contemporary home, there are brand new modern townhouses that are 2,000 Square Feet in the $230’s.