Las Vegas
Dispute Over Harmon Tower Reaches Nevada Supreme Court
The legal battle between MGM Resorts International’s CityCenter project and the general contractor on the troubled Harmon tower has reached the Nevada Supreme Court. According to VegasINC, the representatives of the $8.5 billion development have requested that the court overturn a ruling that would delay the demolition of the $275 million, 26-story Harmon tower.
Two Years On, $8.5B CityCenter Seeks to Reach its Potential
Two years after opening in the midst of an economic downturn, MGM Grand’s $8.5 billion CityCenter project is still seeking to reach its potential as a game changer for Las Vegas. To begin with, the investment added 5,900 hotel rooms to the city’s inventory at a time when visitors declined 2.85 million over two years, the Las Vegas Sun reports.
Home Prices Continue 8-Month Rebound: Realtors Report
Continuing its turnaround, Las Vegas’ housing market has recorded eight consecutive months of increasing prices, a trend fueled mainly by diminishing supply and a record number of short sales, the Greater Las Vegas Association of Realtors reported..
Telecom’s Planned Data Center Joins Growing Local Pipeline
By Alex Girda, Associate Editor In the competition for data center development, Nevada has often come in second to Texas and other competitors. But the Silver State’s reputation as an also-ran in this field may be changing. Telecom Real Estate Services unveiled plans for the Block Data Center, a project that is set to offer […]
Caesars Entertainment and Caruso Affiliates Announce First Wave of LINQ Tenants
By Alex Girda, Associate Editor Caesars Entertainment has revealed the initial lineup of restaurants, retailers and entertainment venues for the LINQ, its $550 million open-air district scheduled to open on the Las Vegas Strip in late 2013. The tenants will join such previously announced attractions as a giant Ferris wheel. Leading development at the 300,000-square-foot […]
Macy’s Plans New Stores for Summerlin and the Strip
By Alex Girda, Associate Editor Macy’s Inc. is planning a 180,000 square-foot anchor store at the Shops at Summerlin, the 1.5 million-square-foot retail center being developed by the Howard Hughes Corp. on the Western Beltway. The venue will be the retailer’s first new full-line store in the Las Vegas market since 1996. Expected to open in […]
Upcoming Sale of Summerlin Office Properties Offers Promise for Market
By Alex Girda, Associate Editor A big office deal or a series of smaller ones seems likely to take place in the Las Vegas area in the near future. VegasINC magazine recently reported that General Growth Properties is looking to offload a number of the office buildings it holds in Summerlin. The 32 office buildings […]
Hilton Buys 300 Timeshares at Trump International Hotel
By Alex Girda, Associate Editor The Trump Organization has sold a big chunk of the Trump International Hotel Las Vegas’ available timeshare units to Hilton Worldwide. According to VegasINC magazine, Trump has unloaded approximately 300 of its condominium units, which will enter Hilton’s timeshare circuit under the Hilton Grand Vacations brand. Hilton will start using […]
Developers Detail Plans for $1.5B ‘Health Village’
By Alex Girda, Associate Editor Developers of one of the Las Vegas region’s best-kept secrets, the proposed $1.5 billion Union Village complex, submitted an outline to city officials this week that provides details about the development and its concept of “integrated health village.” As reported by the Las Vegas Sun, the development is awaiting approvals […]
Henderson’s Vantage Lofts Gets $15M Restart; Ryland Homes Debuts
By Alex Girda, Associate Editor A stalled 20-acre residential development is getting new life after its acquisition by Rothwell Gornt Cos., a venture capital fund. Recently acquired out of bankruptcy, the Vantage Lofts development is set to resume construction and is slated for completion in the next six to nine months, the Las Vegas Review-Journal reported. Located at Paseo Verde Parkway and Gibson Road, Vantage Lofts (pictured at right) will require about $15 million to complete its 110-unit first phase. Company principal Richard Crighton told the Las Vegas Review-Journal the company is in the process of submitting building permit applications….
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