The purchase marks the latest real estate transaction for the Raiders, whose owner, Mark Davis, has assembled a big portfolio of properties in the valley.
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The Raiders bought a small property across from Allegiant Stadium for a big sum, picking up real estate previously eyed for a hotel.
Construction is underway for an In-N-Out Burger across from Allegiant Stadium, and it’s on land that rose quickly in value.
Diversified Partners founder Walt Brown Jr. sold a 1.8-acre parcel for $12.5 million, a few months after he bought it.
An Arizona developer has purchased a small plot across from Allegiant Stadium for big bucks, with plans to build an In-N-Out Burger.
Nevada is one of several states that have allowed construction to continue during the coronavirus pandemic.
A Mississippi real estate company has acquired an industrial complex near Allegiant Stadium, figuring the proximity to the Raiders’ future home will help with marketing efforts, said a broker on the deal.
The NFL team purchased 17.3 acres of real estate near its under-construction stadium for just over $28 million, property records show.
A Boston real estate firm has picked up several industrial buildings near Allegiant Stadium in Las Vegas, figuring the massive project will boost rent growth in the area.
At least one business near the Raiders stadium is already cashing in on the project.