The grand opening of Downtown Summerlin’s new shopping and entertainment center has passed, but that doesn’t mean you’ll stop hearing about the project’s launch.
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Stable Development announced Tuesday it has officially taken ownership of the 130,000 square foot, four-story Longford medical and professional Class A office building in Las Vegas.
After a six-year development hiatus, Downtown Summerlin’s 1.6 million-square-foot shopping, restaurant and entertainment center opens at 10 a.m. Thursday.
Downtown Summerlin’s biggest phase to date — a 1.6 million-square-foot shopping, dining and entertainment complex — opens to the public on Thursday. But this project is way more than a mall. It began as an economic messenger heralding the dawn of Southern Nevada’s Great Recession.
Sometimes, it’s important to take stock to see where we’ve come from and where we’re headed.
The Gramercy, initially launched as Manhattan West in 2008, said in March that HMS Holdings Corp., a publicly traded provider of cost-containment solutions for the health care industry, would move in. HMS will take over about 80,000 square feet of space above the soon-to-open DW Kitchen + Market and Alex Stratta Italian Steakhouse.
It’s been a busy year for The HC | Hughes Center. Since Blackstone subsidiary Equity Office bought the Class A office park at Paradise and Flamingo roads for $347 million a year ago this week, the investor has quietly made big changes.
When developer Prologis breaks ground Tuesday morning on its 464,203-square-foot Las Vegas Corporate Center No. 19, it will be the first time since the recession that a large-scale, speculative building has been attempted in the local market.
The recent sale of an office building in southwest Las Vegas looks routine on the surface. But brokers involved in the $17.4 million deal say it’s a sign that local commercial real estate has begun transitioning into a more stable market built around long-term investment.
The latest local housing numbers show an ongoing struggle with prepping home sites for development.
An Arizona-based investment firm, Tierra Partners III LLC, has spent $17.35 million to buy the 70,188-square-foot LaPour Corporate Center at 9075 W. Diablo Drive, near the 215 Beltway and Russell Road.
It’s become a local market truism: If you want a new home, prepare to drop $100,000 more than you’d shell out for a resale. But new research — admittedly sought out by home builders — shows that pricing gap may be overstated.
The area’s housing market continues to recover, but don’t expect a breakout year for home sales and permits until 2016 at the earliest.
This month’s sale of the former New Frontier site — once home of the Strip’s most expensive piece of real estate —is giving market speculators new hope that resort corridor land transactions could again become active.
A long-planned apartment community in Green Valley Ranch is finally under construction.
Mike Mixer and Josh Smith of Colliers International’s Gaming Division have listed for sale a 2.33-acre block bordered by Carson and Bridger avenues in the north and south, and Seventh and Sixth streets to the west and east. It’s one of the last properties available downtown, the brokers said.
Retail is rising, the office sector has improved and the industrial market is on track for its best year in nearly a decade.
A routine check on national master-plan sales exposed a slowing new-homes market.
Even as Southern Nevada’s housing market surged ahead in June, one indicator — distressed sales — flashed caution signs.
At left, Red Rock Resort team members (from left to right: Rochelle Gill, Donald Gordon, Kathy Anthis, Rae Simeone and
A revived master plan in Henderson continues to add to its roster of participating homebuilders.
Nevada’s construction sector is building its way out of the basement. Once the leader of the state’s economic collapse, construction is now posting the fastest job-growth rate of any sector.
In another recovery milestone, a new master plan is set to get underway in northwest Las Vegas. Skye Canyon was scheduled to hold its groundbreaking on June 5, making it Southern Nevada’s first big, new residential development to get underway since the recession.
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