U.S. Bureau of Land Management

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A High-Stakes Jump Start, Vegas Style

Standard Pacific Homes may not yet wield the clout of a Top 5 home builder, but... More

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Rolling the Dice

Big builder consortium pays $557 million in large Las Vegas land play. More

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Water Gamble

Last year, the Federal Bureau of Land Management tried to unload 1,947 acres of land on the outskirts of Henderson, Nev., just outside Las Vegas. It received no bids because of a high price tag (about $250 million) and constraints on how the property could be developed. This year, it changed a few parameters and again offered the land to the highest bidder and made the sale to a consortium of eight builders for a cool $557 million. The money is supposed to go toward protecting at-risk environmental assets in the region. More

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