Las Vegas
CITRA Wins City Approval, Incentives for $71M Downtown Healthcare/Assisted Living Complex
By Alex Girda, Associate Editor As the Downtown Project led by Tony Hsieh gathers momentum, a major healthcare and residential project has reached a major milestone. The Las Vegas City Council recently approved an agreement with developer CITRA Real Estate Capital for Symphony Park, a $71 million skilled nursing and assisted living facility. Located on […]
CIM Launches Downtown3rd Entertainment District After Makeover
By Alex Girda, Associate Editor Notwithstanding the struggles experienced by the Las Vegas residential market in recent years, the area is getting repeated reminders that its entertainment, hospitality and gaming sectors are bouncing back nicely. A recent case in point is the makeover of Downtown Grand Las Vegas. Renovated and re-branded Downtown3rd by its developer, […]
Starwood Wraps Up $1.6B Mall Portfolio Purchase
Starwood Capital Group has just completed its second major portfolio purchase from Westfield Group, snapping up seven regional malls in the West and Midwest for just over $1.6 billion.
Medical Schools Planned for UNLV, UNR; MVP Closes on 5th Building in $55M Office Portfolio
As the Las Vegas market sees signs of improvement in terms of home prices and the office sector is finally showing signs of life, recent headlines were made by the University of Nevada Las Vegas. The institution is reportedly looking to create a new medical school to add to its current offering in southwest Nevada.
Las Vegas Home Prices Gain Again As Market Draws Institutional Investors
As this summer’s last number should have come in by now, studies show that the Las Vegas housing market has seen its average price growth outpace the national averages once again in August. The city’s housing market is seeing consistent improvement and has been doing so for a number of months, as figures the Standard & Poor’s/Case-Shiller Index show.
Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Caesars Entertainment’s $185 million makeover of Bill’s Gamblin’ Hall & Saloon is going forward without one of its original partners. In response to concerns raised by Massachusetts regulators about an investor’s alleged links to Russian crime syndicates, Gansevoort Hotel Group is stepping away from its […]
CoreNet Special Report: Keys to Establishing Good Internal Partnerships for Corporate RE Execs
Speaking at the CoreNet Global North American Summit being held this week in Las Vegas, Mark Gorman of Ciena Corp. gave advice for corporate RE executives on establishing and maintaining relationships with other departments within a company.
New Office Product Nears Debut as Job Picture Brightens
By Alex Girda, Associate Editor As office rents stabilize and surge of new office product approaches the Las Vegas market, a new study confirms that local economic fundamentals are continuing to improve. Employment improved to the tune of a 2.3 percent increase in payroll, reflecting the creation of 19,300 jobs over the past 12 months, […]
Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening
As new areas of the city’s real estate market such as residential and office show signs of improvement, it helps to know that Las Vegas still packs a punch when it comes to retailers. Seattle-based clothing retailer Nordstrom has recently announced that it is expanding its operations with a new Nordstrom Rack store that will be placed in The Shops at Summerlin, one of the largest retail projects in the entire country. Nordstrom Rack offers shoppers items from the retailer’s Nordstrom stores as well as Nordstrom.com, from the retailer’s top brands at discounted prices.
Blackstone Buys Hughes Center in $347M Deal
One of larger real estate deals to grace the city of Las Vegas in recent years was confirmed by a number of outlets after reports that the Hughes Center had been sold flooded the media. The large office park was acquired by the Blackstone Group for a whopping $347 million, thereby single-handedly injecting the city’s office market with a good shot of adrenaline.