Las Vegas

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 […]

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 […]

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 […]

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 […]

By Alex Girda, Associate Editor 
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 […]

By Alex Girda, Associate Editor  
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 […]

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 […]

By Alex Girda, Associate Editor
A $650 million sports arena in Henderson has taken a major step forward with the memorandum of understanding between developer International Development Management L.L.C. and CSST Smart Cities International. The support  of the latter entity’s Chinese […]

By Alex Girda, Associate Editor
A new retail player is placing bets on the Las Vegas Strip. Town Square Las Vegas will be among six new locations in the U.S. where The Container Store plans to debut this year, the retailer […]

By Alex Girda, Associate Editor
The Las Vegas retail market remains a troubled corner of the economic landscape. Vacancy hit 10.6 percent during the fourth quarter of 2011, more than three times the 3.2 percent rate recorded at the market’s peak in […]