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Commercial Real Estate

Developer takes total ownership of Peppermill Fireside Lounge

The Peppermill Fireside Lounge’s future has gone from safe to really safe, its owner said Friday. One of the Strip restaurant’s longtime owners, the Doumani family, will take over 100 percent ownership of the building and its 1.1-acre parcel at 2985 Las Vegas Blvd. South, north of Convention Center Drive.

IKEA land purchase sets post-recession high

When Sweden-based furniture seller IKEA closed in late December on its purchase of 26 acres of land in southwest Las Vegas, it set a post-recession high for land deals of its type, local observers say.