Las Vegas
New Home Demand and Building Rebound; Land Prices Lag
By Alex Girda, Associate Editor After a long drought, the Las Vegas housing market finally has some good news for homebuilders. New home permits are up 40 percent across the board, with Las Vegas, North Las Vegas and Henderson among the most active areas, according to VegasInc. Prices are staging a comeback as well; so […]
Boyd Keeps Echelon Place Alive After 2 Years of Limbo
By Alex Girda, Associate Editor Since financing shortfalls forced Boyd Gaming to halt construction of the $4.8 billion Echelon Place project two years ago, the mixed-use project has stood as a cautionary tale of overreach. Recently, the developers recently took steps to keep the incomplete project alive, petitioning Clark County to extend several key deadlines. […]
Seeking Edge, Riviera Takes Bingo Business Digital
By Alex Girda, Associate Editor It’s no secret that many Las Vegas resorts and casinos have seen better days, but some venerable properties have found life particularly challenging Tin the wake of the Great Recession. The iconic Riviera Hotel & Casino is a Strip mainstay, but delays in developing the Fontainebleau and Echelon Place projects, along […]
Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV
By Alex Girda, Associate Editor
In the latest in a series of dispositions, CIP Real Estate and Buchanan Street Partners have sold the 114,500-square-foot Konami Building in the Howard Hughes Airport Center to the building’s tenant, Konami Digital Entertainment, the Las Vegas Review-Journal reported.
Last December, the partners sold a 425,000-square-foot portfolio at the Hughes Airport Center. That followed  the […]
In $300M Makeover, Sahara Will Be Reborn as SLS Las Vegas
By Alex Girda, Associate Editor
Once famously associated with the swinging Las Vegas of the Rat Pack era and the original “Ocean’s 11″ movie, the Sahara Hotel & Casino closed in 2011 after falling on hard times. But the 60-year-old property is getting a new lease on life thanks to a $300 million makeover planned by the property’s […]
Makeovers at Golden Gate, The D Play Downtown’s Nostalgia Card
By Alex Girda, Associate Editor
For decades, the glamorous mega-resorts of the Las Vegas Strip have often seemed to elbow aside  the earlier generations of hotels, casinos and attractions of the city’s Downtown. But the birthplace of the city’s hospitality and gaming industries continues to push back, betting that a growing number of Las Vegas visitors will welcome […]
Developer Seeks to Get 4M SF Henderson Trade Center Airborne
By Alex Girda, Associate Editor
Trade and convention centers are a long-time fixture of the Las Vegas scene, but a local development team is proposing a facility that would depart from the norm. AeroQuestUSA L.L.C.’s proposed 4 million-square-foot International Trade and Conference Center in Henderson would focus full time on the aerospace and defense industries, VegasINC reports.
The […]
City Hall Opening Boosts Downtown Revival Hopes
By Alex Girda, Associate EditorÂ
As Las Vegas struggles to emerge from three years of recession, the recent unveiling of the $185 million city hall offers a glimmer of better things to come. Located at 495 S. Main St., the 310,000-square-foot project developed by Forest City Enterprises Inc. is the latest in a series of high-profile […]
Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow
By Alex Girda, Associate Editor Â
For the past several years, Las Vegas has struggled to reclaim its customary investment and development vigor. The city’s newest megaproject is neither a hotel nor a casino, but a quirky $470 million venue for dance, theater, classical music and jazz.
In an area where entertainment is synonymous with glitzy spectacles, the new […]
Hooters Hotel’s Next Act Now in Canyon Capital’s Hands
By Alex Girda, Associate Editor
Hooters Hotel is on track to change hands by March 30 after its principal creditor, an affiliate of Canyon Capital Realty Advisors, was the sole bidder in a bankruptcy sale last month. The affiliate, Canpartners Realty Holding […]