Kevin Chu and his colleague Christian Santika work for the Hong Kong office of The Creations Group, an international investment firm that is buying up distressed properties in several U.S. cities, including Las Vegas.
LAS VEGAS — The unending rash of foreclosures and falling home prices in Las Vegas continues to cause despair. But the same housing crisis is causing some investors to see opportunity. Home prices have dropped to 1990s levels, and many homes in the area are selling for below the amount it would cost to build them.
In fact, these Las Vegas homes are getting noticed from buyers all over the world.
Kevin Chu recently toured Las Vegas for the first time to check on his investment firm’s properties.
The block of Fremont Street just east of Las Vegas Boulevard is arguably the most vibrant part of the downtown neighborhood. In the past few years, a string of hip bars and an independent coffee house have cropped up and become popular hangouts for locals
PHOENIX — Pigs will probably fly in the Southwest before homebuilders stop constructing new homes here. But the types of homes people will need in the next 20 years might look very different.
We’re staying single longer. We’re having fewer children. We’re paying more for gas and utilities. Is it time to re-think the all-American suburb? Arizona State University graduate students in design and architecture think so.
Mexico and the United States are working toward a broad package deal that would help revive the Colorado River Delta.
Seven years ago, the U.S. began working on the project to line an earthen portion of the All-American Canal in Imperial Valley and send the saved water to San Diego. Many in Mexico and the U.S. opposed the lining, saying it prevented seeping water from reaching fields and wetlands in Mexico. The lining project was completed in 2010.
Only one veteran Navajo code talker remains of the original 29 Navajo Marines who used their native language to devise an unbreakable code during World War II.
Growing up in New Mexico, Chester Nez and many of his fellow Navajo were punished for speaking their language. In the 1920s, Nez attended one of many government run boarding schools that attempted to erase Indian culture and language.
Flagstaff, AZ – Over the last decade forests in the Southwest have seen more catastrophic fires, like the one burning right now in Eastern Arizona. Scientists say it's a result of unhealthy forests. A new effort aims to restore the landscape. And if it works in Arizona, it could be used on the 180 million acres of ponderosa pine forests across the west.
Ganado, AZ – The new2010 census shows a steady growth in the Native American population over the past ten years across the southwest. But the country's largest Indian reservation, the Navajo Nation in the Four Corners region, actually saw its population shrink by 3 percent. In the final installment of our Fronteras series Sensing Change, Daniel Kraker (PR: CROCKER) visited the small reservation town of Ganado, Arizona, to find out where the people are going.
SFX1: bring up sound of bustling hallway at Ganado High School under track
Phoenix, AZ – This scene is a familiar one all across the region: A room full of high school students newly arrived in the US face a screen with pictures of clip art - apples and books, fans and fish - flashing in front of them.
"Hey what letter for apple? A! Computer: That's right."