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.
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Commercial Real Estate
‘Tis the season for housing reports.
Las Vegas should be among the U.S. cities primed for renewed investor interest in commercial real estate, but a new report from a national trade group shows the city may be missing some of the attributes it needs to compete for dollars.
Emeritus Senior Living, which owns three senior housing facilities in Las Vegas, has been bought by Brookdale Senior Living in a deal valued at about $2.8 billion, including $1.4 billion of Emeritus’ mortgage debt.
Developer Rich MacDonald plans to use the recent sale of his DragonRidge Country Club in Henderson as a tax loss while focusing exclusively on selling quarter-acre lots for $360,000 to $400,000 at his MacDonalds Highlands development overlooking the upscale golf course.
Canada-based Pacific Links International has acquired the DragonRidge Country Club for just more than $11 million, adding the private Henderson golf course to its growing portfolio of high-end golf facilities in the Las Vegas Valley.
MIG Real Estate hasn’t snapped the wallet shut on its local commercial real estate shopping spree.
Gordon Miles started the new year with a new job.
A national brokerage firm predicts a year of sustained recovery in the Las Vegas Valley’s commercial real estate markets.
Big homebuilders have been busy in early 2014 snapping up land.
Settlement talks have started to bear fruit in the high-stakes litigation over the construction of CityCenter, including an insurance company offer to pay $55 million to cover defects at the unfinished Harmon hotel.
Citigroup Inc. is eliminating the last 220 jobs at its sprawling campus at the Lakes in Las Vegas, a spokeswoman for the financial services firm confirmed Tuesday. About 60 employees will work from home, Janis Tarter, a Citi spokeswoman, said.
Looks like California’s loss is Nevada’s gain.
Changes are afoot at the Hughes Center months after it landed new owners.
Pahrump is looking to expand its tourism outreach efforts.
It won’t look anything like the boom era, but 2014 should still be a strong year for local commercial real estate including the Shops at Summerlin and Resorts World Las Vegas.
Equity Office Properties, the Blackstone subsidiary that bought the Hughes Center for $347 million in September, has rechristened the 1.4 million-square-foot park The HC | Hughes Center.
Las Vegas has a commercial real estate market like no other.
If you like good news, 2013 had it.
It’s been a year of big real estate deals in Las Vegas, as the city’s economic recovery gained steam in 2013.
If you don’t like the postage stamp-sized lots that were popular in Las Vegas during the housing boom, take heart.
Two Las Vegas men have been convicted in Houston in a multimillion-dollar telemarketing scheme across the United States and Canada that left nearly 1,000 victims in its wake.
You want stress? Try building a training center for carpenters.