Vici Properties, which owns The Mirage’s real estate, entered a lease with Hard Rock International that calls for initial annual rent of $90 million.
Business Columns
The recent decline in rates “has been large,” but homebuyer sentiment “remains low with no major positive reaction in purchase demand.”
Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Crowds during the race will likely be massive. As seen Friday on Hotels.com, dozens of hotels in the Las Vegas area are sold out that weekend.
Strada Development Group has filed plans for a 22-story project in downtown Henderson.
Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
Chinatown Plaza, built in the 1990s, became a hub of Asian cuisine and culture in Southern Nevada.
Southern Nevada’s housing market is no stranger to volatility — and lately, it seems the industry is on anything but even ground.
The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
Las Vegas Boulevard’s decades-old motor lodges, holdovers from the casino mecca’s early years, are small, no-frills affairs. One is up for sale at a hefty price.
Major projects do get built in America’s gambling capital, and there are always people willing to spend time and money outside the casino floors.
Amid a warehouse boom that has depleted the tally of potential project sites in the valley and pushed up land prices, Apex is seeing more construction plans.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.
Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.