Las Vegas
Las Vegas Commercial Real Estate Wrap-Up – March 2020
Casinos and hotels suspend operations. Tropicana Las Vegas trades for $338 million. Here is our March selection of Las Vegas must-knows.
Tropicana Las Vegas to Sell in $338M Leaseback Deal
The deal is set to provide Penn National Gaming with more liquidity during the coronavirus outbreak.
Top 5 Las Vegas Industrial Completions of 2019
A single submarket accounted for more than two-thirds of the 4.7 million square feet delivered last year.
Las Vegas Monthly CRE Wrap-Up (Feb. 2020)
The Raiders sells training facility for $191 million. Elon Musk’s tunnel hits milestone. New Colliers headquarters underway. Here is our selection of Vegas must-reads for the past month.
Harsch Investment Completes Vegas Industrial Development
JLL has already arranged three leases, bringing the new property to 46 percent occupancy.
Blackstone Makes $4.6B Deal in Las Vegas
The private equity giant’s REIT formed a joint venture with MGM Growth Properties to acquire the MGM Grand and Mandalay Bay.
HCA Pays $22M for Las Vegas MOB
The firm’s acquisition adds 86,300 square feet of Class B space to the neighboring Sunrise Hospital campus.
MGM Resorts Sells Circus Circus for $825M
The 51-year-old Las Vegas hotel and casino was acquired by billionaire casino mogul Phil Ruffin.
Las Vegas Office Building Trades for $18M
Seller Moonwater Capital recently renovated the nearly 67,000-square-foot property, which is fully leased to a payment processing company.
MCA Realty Sells Recently Renovated Las Vegas Industrial Asset
After acquiring Walnut Business Park in 2016 for $5.2 million, the seller traded the multi-tenant property for $7.9 million.