{"id":1004796562,"date":"2026-04-28T03:26:25","date_gmt":"2026-04-28T11:26:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796562"},"modified":"2026-04-28T04:06:07","modified_gmt":"2026-04-28T12:06:07","slug":"exclusive-howard-hughes-lands-300m-loan-in-las-vegas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-howard-hughes-lands-300m-loan-in-las-vegas\/","title":{"rendered":"Exclusive: Howard Hughes Lands $300M Loan in Las Vegas\u00a0"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a6a04e8aef3b&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004796563\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-howard-hughes-lands-300m-loan-in-las-vegas\/howard-hughes-vegas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Howard-Hughes-Vegas.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Howard-Hughes-Vegas\" data-image-description=\"&lt;p&gt;Proprietary image obtained from Yardi Matrix&#8217;s database.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Howard Hughes began developing Downtown Summerlin in 2014. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Howard-Hughes-Vegas.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Howard-Hughes-Vegas.jpg\" alt=\"Exterior drone shot depicting Downtown Summerlin, Nev.\" class=\"wp-image-1004796563\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Howard-Hughes-Vegas.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Howard-Hughes-Vegas.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Howard Hughes began developing Downtown Summerlin in 2014. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Howard Hughes Corp. has secured a $300 million note issued by U.S. Bank for the Downtown Summerlin mixed-use property in Las Vegas, according to Yardi Matrix.<\/p>\n\n\n\n<p>Downtown Summerlin comprises 933,000 square feet of office space and nearly 1.4 million square feet of retail product, among residential, hospitality and entertainment spaces. Howard Hughes delivered the first phase back in 2014, but the developer has been continuously bringing online more facilities since then.<\/p>\n\n\n\n<p>A few notable properties within Downtown Summerlin include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ONE Summerlin, a 200,000-square-foot office property<\/li>\n\n\n\n<li>Two Summerlin, a 150,000-square-foot workplace building<\/li>\n\n\n\n<li>1700 Pavilion, a 267,413-square-foot office facility<\/li>\n\n\n\n<li>Tanger and Tanger Echo, a two-phase, 562-unit residential community<\/li>\n\n\n\n<li>Constellation, a 124-unit residential property<\/li>\n\n\n\n<li>Whole Foods Market Retail Center, a 160,500-square-foot facility<\/li>\n\n\n\n<li>Red Rock Casino, Resort &amp; Spa, a 17-story hospitality building<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-driving-mixed-use-design\/\">What\u2019s Driving Mixed-Use Design<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The 400-acre mixed-use property is clustered around the intersection of Clark County Road 215 and West Charleston Boulevard, serving as the central business district of the much larger Summerlin, a master-planned community spanning 22,500 acres. Downtown Vegas is roughly 13 miles east.<\/p>\n\n\n\n<p>Summerlin came to be after Howard Hughes acquired approximately 30,000 acres of land in the early 1950s. While initial plans called for the setup of an aviation testing center, the site eventually took off as a residential development in the 1990s.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-highs-and-lows-of-financing-sentiments\">The highs and lows of financing sentiments<\/h2>\n\n\n\n<p>While 2025 wrapped up on a high note, with <a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2026\/02\/09\/commercial-multifamily-borrowing-up-30-percent-in-the-fourth-quarter-of-2025\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">preliminary data from the Mortgage Bankers Association<\/a> placing the origination volume up nearly 40 percent year-over-year, 2026 kicked off with a pessimistic outlook regarding interest rates on account of the Iran conflict, <a href=\"https:\/\/www.commercialsearch.com\/news\/cre-finance-execs-turn-bearish-on-economy\/\">according to CREFC<\/a>.<\/p>\n\n\n\n<p>Even as the industry mulls over the consequences of war, financing deals continue marching on. One such deal, also in Vegas, is soon set to close with Simon Property Group and Invesco on track to <a href=\"https:\/\/www.commercialsearch.com\/news\/simon-invesco-to-secure-750m-for-vegas-retail-property\/\">obtain a $750 million refinancing loan<\/a> for The Shops at Crystals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This mixed-use property has been continuously expanding for more than a decade.<\/p>\n","protected":false},"author":3471,"featured_media":1004796563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,1593,21752,21742,15],"tags":[33156,33231],"class_list":["post-1004796562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-las-vegas","category-mixed-use","category-latest","category-west","tag-the-howard-hughes-corporation","tag-u-s-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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