Long-Time Homebuilder Being Sold - 8 News NOW

Long-Time Homebuilder Being Sold

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LAS VEGAS -- A long-time local homebuilder is being sold.

Pardee Homes started building large-scale subdivisions in the 1950's and has played a major role in shaping North Las Vegas and the rest of the Las Vegas valley.

Pardee Homes is one of the largest and longest established builders in the Southwest.

Over the last 62 years, the company has created ten master planned communities, 150 neighborhoods, and homes for more than 40,000 families, including the one owned by the Weust family.

"It is a place to gather up. We have a lot of parties, not a lot of parties, but we have a few parties," James Weust, whose son owns the home, said.

The house is 25 years old, but it is where the Weusts have raised their three kids. It is part of the first master-planned community in North Las Vegas. There are homes stretching for blocks all around the neighborhood now, but Pardee was the first big builder to venture into North Las Vegas.

"The pavement ended and I had to go on a dirt road and down a wash," vice-president of construction at Pardee Homes Rocky Cochran said.

Cochran says after making it through the recession, the company will soon change hands in June, but he hopes the Pardee tradition continues.

"I think the key is that when you go to a Pardee Home, I feel very confident that you will get what you pay for and more," Cochran said.

Pardee Homes went from specializing in cinder blocks in the 50's to green technology today. Pardee Homes will be sold to a company in Irvine California.

Executives would not comment on the sale until it is finalized, but industry experts say Pardee's ownership of large plots of land made it appealing to a company looking to expand.

They don't expect the California company to tamper too much with an already successful business model.

James Wuest says he measures the value of a home by it's memories.

"Our oldest granddaughter, she's going to bring her boyfriend over, and I've never met him," Wuest said.

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